The Wireless Polysomnography Market is on an impressive trajectory, projected to reach a valuation of US$ 329.8 million by 2033, with a steady Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period from 2023 to 2033. This revelation stems from a recent market analysis that highlights the significant factors driving this upward trend.
Polysomnography, a technique used to monitor the phases and cycles of sleep, has undergone a revolutionary transformation with the introduction of wireless technology. Modern polysomnography (PSG) equipment can now remotely transmit sleep data to medical professionals, streamlining the process of sleep analysis and diagnosis.
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The increasing prevalence of obstructive sleep apnea, a condition affecting 10% to 30% of adults according to Sleep Foundation 2022, has fueled the demand for wireless polysomnography. This diagnostic tool is a cornerstone in identifying sleep apnea, driving its adoption and further boosting the wireless polysomnography market.
One of the key drivers for the market’s growth is the availability of both portable and stationary devices. The rise in popularity of small, portable devices has created new avenues for growth within the industry. Market participants are capitalizing on this trend, focusing on creating software with precise and comprehensive analytical capabilities to cater to evolving needs.
Additionally, major players in the market have been instrumental in propelling growth through consistent product innovation and technological advancements. New product releases and technical developments have not only elevated the market under study but have also contributed to the expansion of treatment and diagnostic options for individuals suffering from sleep disorders.
As research and development continue to explore cutting-edge technologies for the diagnosis and treatment of sleep disorders, the wireless polysomnography market is set to experience continuous growth. The market’s projected expansion is a testament to the increasing importance of sleep monitoring and the role of advanced technology in shaping the future of healthcare.
Key Players in the Wireless Polysomnography Industry
- Nox Medical
- Onera Technologies B.V.
- SOMNOmedics GmbH
- Recorders & Medicare Systems P Ltd.
- VentMed Technology Medical Co. Ltd
- Koninklijke Philips N.V.
- Allengers Medical Systems Limited
- Natus Medical Incorporated
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Key Developments in the Wireless Polysomnography Market:
- In August 2020, The SOMNOscreen HD, SOMNOscreen plus, and SOMNOscreen Eco polysomnography devices from SOMNOmedics GmbH have been given FDA clearance for paediatric usage.
- In April 2022, Onera Health’s non-invasive patch-based, clinical-grade, portable medical device for polysomnography was approved by the US Food and Drug Administration.
Segmentation Analysis of the Wireless Polysomnography Market
By Product:
- Up-to 12 Channel PSG Systems
- Up-to 24 Channel PSG Systems
- Up-to 32 Channel PSG Systems
- Above 32 Channel PSG Systems
By Application:
- Ambulatory Polysomnography
- In-laboratory Polysomnography
By Therapeutic Indication:
- Obstructive Sleep Apnea
- Narcolepsy
- Chronic Insomnia
- Others
By End User:
- Hospitals
- Specialty Clinics
- Rehabilitation Centers
- Homecare Settings
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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