Global Sleep Service Providers Market is Projected to Record Sluggish CAGR Throughout by 2021

Global Market Study on Sleep Testing Services: Increasing Prevalence of Sleep Disorders
Attributes Double Digit Growth of the Sleep Testing Services During Forecast Period, 2015 2021
The sleep testing services market is expected to be valued at US$ 8,395.7 Mn by the end of 2021,
reflecting a CAGR of 12.9% during the forecast period (2016–2021). Full polysomnography sleep
testing has strong penetration in in-lab sleep testing services owing to the reliable outcome and
diversified scope in terms of disease diagnosis. Moreover, the ready availability of reimbursement
and higher awareness level of PSG tests positively impacted the growth of full polysomnography
testing segment in 2015
Persistence Market Research (PMR) delivers key insights on the sleep services market in its latest
report titled “Global Market Study on Sleep Testing Services: Increasing Prevalence of Sleep
Disorders Attributes Double Digit Growth of the Sleep Testing Services During Forecast Period,
2015 – 2021 ”.
Reimbursement policies are playing a vital role in sleep disease diagnosis, and are also responsible
for the commercial success of home-based sleep testing solutions. Preference in the leading market
of North America is shifting from laboratory-based sleep testing services to home sleep testing
services owing to lower cost and easy availability of services.
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An increasing number of individuals diagnosed with sleep disorders is expected to promote the use
services. In-lab sleep testing services sub-segment accounted for 69% share of the diagnostic sleep
testing services segment share in 2015. However, the segment is expected to witness the reduction
in terms of market growth owing to increase in adoption of cost-effective and less time-consuming
home sleep testing services over the forecast period.
On the basis of service type, the sleep testing services market is segmented into diagnostic services
and treatment monitoring. Diagnostic sleep testing services are segmented into in-lab sleep testing
and home sleep testing. In-lab sleep testing services segment is further sub-segmented into
electroencephalogram, full polysomnography, CPAP/BiPAP Titration, multiple Sleep Latency Test
(MSLT), and maintenance of wakefulness test (MWT). Full polysomnography test sub-segment is
expected to witness highest growth potential during the forecast period. High revenue from this subsegment is attributed to high cost of full PSG sleep testing. However, the in-lab sleep testing subsegment is anticipated to witness a significant growth in terms of revenue, owing to transition to
home sleep testing services.
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By sleep disease treatment monitoring, the market is sub-segmented into Obstructive Sleep Apnea,
Insomnia, Restless Legs Syndrome, Circadian Rhythm Sleeping Disorders, Narcolepsy, and Rapid
Eye Movement (REM) sleep disorder. Obstructive Sleep Apnea the most prevalent condition and
this segment held around 49% share in 2015 and is expected to remain dominant over the forecast
period.
On the basis of an end user, the sleep testing services market is segmented into Hospitals, Sleep
Centers, and Home Care Settings. Sleep center end users accounted for largest revenue share in
2015 owing to strong penetration of sleep testing services across sleep clinics. However, home care
setting end user segment is projected to outperform in terms of revenue growth during the forecast
period, reflecting a CAGR of 15.7%.
On the basis of geography, the sleep testing services market is segmented into North America, Latin
America, Europe, Asia-Pacific, and the Middle East & Africa. A growth of the North America sleep
services market is driven by favorable reimbursement policies and high awareness of sleep disease.
However, there is significant variation in reimbursement policies for sleep testing services across
European countries, which is promoting a growth of home-based sleep testing services across the
region. Large patient population, the popularity of medical tourism services and low cost of sleep
testing services are driving the growth of the Asia Pacific sleep testing services market.
The report begins with an overview of the sleep testing services market in terms of value, and a
detailed analysis of key trends, drivers and restraints, and opportunities. Impact analysis of key
growth drivers and restraints based on the weighted average of each of these factors in a modelbased approach is included in the report. The report provides in-depth information on the potential
scope of high-end confirmatory testing kits to provide clients with crystal clear decision-making
insights.
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The sleep service providers are mostly competing in local markets of their respective geographies.
These sleep service providers are competing on the basis of high-end service, which has increased
the overall prices of sleep services, especially in North America. However, ongoing research in
home sleep testing and government support to HST testing over in-lab testing is expected to change
the role and responsibility of sleep technicians in future. Some of the key sleep clinics profiled in
the report are Midwest Sleep Services Inc., SleepMed Inc., SOVA Sleep Services Inc., Medical
Service Company, Sleep Services Australia, Genesis SleepCare, St. Luke’s Center of Sleep
Medicine, Total Sleep Holdings Plc., and Carolinas Sleep Services.