How large is the sleep study equipment market, and what is its growth trajectory?
The sleep study equipment market size has grown strongly in recent years. It will grow from $4.78 billion in 2024 to $5.14 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historical period can be attributed to an aging population, a rise in obesity rates, home healthcare trends, e-commerce growth, and rising stress levels.
The sleep study equipment market size is expected to see strong growth in the next few years. It will grow to $6.82 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increased investment in sleep research, expansion of telehealth services, increasing development of wearable sleep technology, focus on mental health, and global health initiatives. Major trends in the forecast period include the emergence of startups, the development of non-invasive devices, insurance coverage expansion, partnerships and collaborations, and the integration of AI.
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What are the key forces behind the sleep study equipment market’s growth in recent years?
The high prevalence of sleep disorders is expected to propel the growth of the sleep study equipment market going forward. Sleep disorders refer to conditions that disrupt the ability to sleep well regularly, affecting the quantity, quality, or timing of sleep and potentially leading to excessive daytime sleepiness. The rise in sleep disorders is largely due to socioeconomic stress, shifts in lifestyle, and an aging population. Sleep study equipment helps diagnose and manage sleep disorders by monitoring sleep patterns and physiological data to identify issues and tailor treatments. For instance, in May 2023, according to a survey conducted by SleepFoundation.org, a US-based non-profit organization dedicated to sleep health information and comprehensive product testing, between 50 million and 70 million people experienced persistent sleep disorders, with a rise attributed to post-traumatic stress disorder (PTSD). Additionally, 70% of adults are affected by seasonal affective disorder (SAD). Therefore, the high prevalence of sleep disorders is driving the growth of the sleep study equipment market.
What are the major segments of the sleep study equipment market?
The sleep study equipment market covered in this report is segmented –
1) By Type: Sleep Monitors, Masks And Interfaces, Sensors And Accessories, Smart Beds And Pillows, Other Types
2) By Application: Online Sales, Offline Sales
3) By End User: Hospitals, Sleep Centers, Home Care Settings, Other End Users
Subsegments:
1) By Sleep Monitors: Polysomnography (PSG) Devices, Home Sleep Testing (HST) Devices, Oximeters, Wearable Sleep Monitors, Sleep Tracking Apps
2) By Masks And Interfaces: CPAP Masks (Continuous Positive Airway Pressure), BiPAP Masks (Bilevel Positive Airway Pressure), Nasal Cannulas, Full Face Masks, Nasal Pillow Masks, Hybrid Masks
3) By Sensors And Accessories: EEG Sensors (Electroencephalogram), EKG Sensors (Electrocardiogram), Pulse Oximeters, Respiratory Sensors, Temperature Sensors, Motion Sensors, Electrodes And Leads
4) By Smart Beds And Pillows: Smart Mattresses, Smart Pillows, Adjustable Beds, Anti-Snore Pillows, Sleep Positioning Devices
5) By Other Types: Sleep Therapy Devices, Light Therapy Systems, Sound Machines, Aromatherapy Devices, Air Purifiers For Sleep, Sleep Apps And Software Solutions
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Which companies dominate the sleep study equipment market?
Major companies operating in the sleep study equipment market are Apple Inc., Samsung Electronics Co. Ltd., Xiaomi Corporation, Becton Dickinson and Company, Koninklijke Philips N.V., ResMed Inc., Nihon Kohden Corporation, Fitbit Inc., Fisher & Paykel Healthcare Limited, Loewenstein Medical Inc., DeVilbiss Healthcare LLC, Natus Medical Incorporated, SleepMed Inc., Nox Health Group, Compumedics Limited, NovaSom Inc., Oventus Medical Limited, Responsive Surface Technology Inc., Braebon Medical Corporation, Apex Medical Inc.
What major trends will shape the sleep study equipment market during the forecast period?
Major companies operating in the sleep study equipment market are focused on developing advanced solutions, such as the AI-enabled sleep scoring platform, to enhance diagnostic accuracy, optimize treatment plans, and improve patient outcomes. Integrating artificial intelligence (AI) into sleep study equipment involves embedding advanced AI technologies into devices and systems used for monitoring and analyzing sleep patterns. For instance, in August 2023, Neurobit Inc., a US-based health analytics company, launched Neurobit PSG, an AI-powered sleep scoring platform designed to transform sleep analysis for healthcare providers, researchers, sleep labs, and enterprises. The software delivers precise and efficient sleep scoring through advanced AI algorithms, assisting researchers and healthcare professionals in optimizing their workflows. It also securely stores patient sleep data within the sleep lab’s internal system, ensuring high levels of data protection.
What are the key regional dynamics of the sleep study equipment market, and which region leads in market share?
North America was the largest region in the sleep study equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sleep study equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Sleep Study Equipment Market Report 2025 Offer?
The sleep study equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Sleep study equipment refers to a variety of devices, also known as polysomnography (PSG), that are conducted in sleep laboratories or at home to diagnose sleep disorders and evaluate sleep quality. It is used to monitor and assess sleep patterns, behaviors, and physiological parameters during sleep.
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