Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Sleep Testing Services Market – Insights

Sleep Study/Polysomnography is a type of test conducted to diagnose sleep disorders. Sleep study test records brain waves, oxygen level in blood, heart rate and breathing, eye and leg movements. Sleep study is usually conducted in laboratory/clinics and in home care settings. Sleep study is conducted to diagnose various sleep disorder conditions such as sleep apnea, periodic limb movement disorder, Narcolepsy, REM, sleep behavior disorder, unexplained chronic insomnia and others.

Statistics:

The global sleep testing services market is estimated to account for US$ 13,221.1 Mn in terms of value by the end of 2027

Global Sleep Testing Services Market: Drivers

Mandatory imposition of home sleep testing (HST) by insurance service providers is expected to propel growth of the global sleep testing services market over the forecast period. For instance, in the U.S., several insurance companies have mandated precertification of sleep testing. Under these guidelines, insurance company must cover HST instead of the more expensive polysomnography sleep testing (PSG).

Obesity is associated with modification in several comorbidities, including sleep-related disorders. Therefore, high incidence of obesity is also expected to aid in growth of the market. For instance, according to the Centers of Disease Control and Prevention, Behavioral Risk Factor Surveillance System, 2018, 71424.3 thousand people in the U.S. suffer from obesity. 

North America held dominant position in the global sleep testing services market in 2019, accounting for 54.0% share in terms of value, followed by Asia Pacific and Europe, respectively

Figure 1. Global Sleep Testing Services Market Share (%), by Region, 2019

Sleep Testing Services  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2020)

Global Sleep Testing Services Market: Restraints

Growing concerns about reduction in physician fee during reimbursement is expected to hinder growth of the market. In the U.S., financial instability of Medicare spending has led to reduction in physician fee reimbursement, which is the prime challenge for physicians providing sleep services

Moreover, higher cost of in-lab sleep testing is also expected to limit growth of the market. The average cost of full polysomnography in the U.S. is around US$ 3,500 to US$5,000. However, the cost of home sleep testing is around US$ 500 to US$ 800. Such higher cost of in-lab testing is reducing the adoption of sleep testing services.

Global Sleep Testing Services Market: Opportunities

Paradigm shift of sleep study from in-lab testing to home testing is expected to offer lucrative growth opportunities for players in the market. Devices such as wellness devices used in home setting are expected to play a major role in sleep disorder diagnosis by individual users. Companies are expected to focus on offering new and enhanced portable sleep disorder diagnosis testing devices to gain competitive advantage in the market. Hence, preference for in-lab testing by patients is reducing and preference for sleep testing in home setting is increasing.

Increasing efficacy of HST test solutions is also expected to aid in growth of the market. HST devices currently available in the market are facing challenges with regard to limited efficacy over in-lab sleep testing. Moreover, approximately 25% to 30% of individuals suffering from sleep-related disorders do not require HST services, owing to limitation in diagnosis of OSA. Such limitation provides promising scope for HST device manufacturing and is expected to represent major opportunity for the various players in the global sleep testing services market.

The global sleep testing services market was valued at US$ 5,122.4 Mn in 2019 and is forecast to reach a value of US$ 13,221.1 Mn by 2027 at a CAGR of 12.6% between 2019 and 2027

Market Trends/Key Takeaways

The prevalence sleep disorders is high among adults in Latin America. For instance, according to the study, “Sleep pattern, obesity and healthcare expenditures in Brazilian adults”, published in the journal Ciência & Saúde Coletiva in November 2019, the prevalence of sleep disturbances was 64.9% in the study population.

There is a significant relationship between healthcare expenditures and sleep pattern. Several studies have shown that adults with sleep disorder usually present higher healthcare expenditures. This is expected to offer conducive environment for players in the market.

Regulations

U.S. Reimbursement Scenario

Stringent Medicare Policies: As a cost-containment measure to Centers for Medicare & Medicaid have started scrutinizing the claims critically and therefore, providers need to do complete documentation of diagnosis and indications when submitting claims for sleep services along with the certification of physicians and technicians providing services and the authorizations of the sleep center. Additionally, patient’s compliance data for CPAP device should be tracked for 90 days to ensure compliance.

Sleep Testing Services  | Coherent Market Insights

Global Sleep Testing Services Market: Competitive Landscape 

Major players operating in the global sleep testing services market include, 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.

Global Sleep Testing Services Market: Key Developments

Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in September 2019, SleepMed Inc., acquired Novasom’s assets, a leading provider of Home Sleep Testing (HST).

Similarly, in September 2019, Medical Service Company acquired the assets of Beaumont Health’s HME business in southeast Michigan, (U.S).

Polysomnography is type of test conducted to diagnose sleep disorders. Sleep study is conducted to diagnose various sleep disorder conditions such as sleep apnea, periodic limb movement disorder, Narcolepsy, REM, sleep behavior disorder, unexplained chronic insomnia and others. Obesity is associated with modification in several comorbidities, including sleep-related disorders. High incidence of obesity is also expected to aid in growth of the market. Furthermore, increasing prevalence of sleeping disorders in developing economies is also anticipated to drive the market growth of the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the Sleep Testing Services Market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Sleep Testing Services Market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, 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.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Sleep Testing Services Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Sleep Testing Services Market

Detailed Segmentation:

  • Sleep Testing Services Market, By Diagnostic Type:
    • Home Sleep Testing
    • In-lab Sleep Testing
      • Electroencephalogram
      • Full Polysomnography
      • CPAP/BiPAP Titration
      • Multiple Sleep Latency Test (MSLT)
      • Maintenance of Wakefulness Test (MWT)
  • Sleep Testing Services Market, By Application
    • Obstructive Sleep Apnea
    • Insomnia
    • Restless Legs Syndrome
    • Circadian Rhythm Sleeping Disorders
    • Narcolepsy
    • Rapid Eye Movement (REM) Sleep Disorder
  • Sleep Testing Services Market, By End User:
    • Hospitals
    • Sleep Centers
    • Home Care Settings
  • Sleep Testing Services Market, By Region:
    • North America
      • By Diagnostic Test Type:
        • Home Sleep Testing
        • In-lab Sleep Testing
          • Electroencephalogram
          • Full Polysomnography
          • CPAP/BiPAP Titration
          • Multiple Sleep Latency Test (MSLT)
          • Maintenance of Wakefulness Test (MWT)
      • By Application
        • Obstructive Sleep Apnea
        • Insomnia
        • Restless Legs Syndrome
        • Circadian Rhythm Sleeping Disorders
        • Narcolepsy
        • Rapid Eye Movement (REM) Sleep Disorder
      • By End User
        • Hospitals
        • Sleep Centers
        • Home Care Settings
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Diagnostic Test Type:
        • Home Sleep Testing
        • In-lab Sleep Testing
          • Electroencephalogram
          • Full Polysomnography
          • CPAP/BiPAP Titration
          • Multiple Sleep Latency Test (MSLT)
          • Maintenance of Wakefulness Test (MWT)
      • By Application
        • Obstructive Sleep Apnea
        • Insomnia
        • Restless Legs Syndrome
        • Circadian Rhythm Sleeping Disorders
        • Narcolepsy
        • Rapid Eye Movement (REM) Sleep Disorder
      • By End User
        • Hospitals
        • Sleep Centers
        • Home Care Settings
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Diagnostic Test Type:
        • Home Sleep Testing
        • In-lab Sleep Testing
          • Electroencephalogram
          • Full Polysomnography
          • CPAP/BiPAP Titration
          • Multiple Sleep Latency Test (MSLT)
          • Maintenance of Wakefulness Test (MWT)
      • By Application
        • Obstructive Sleep Apnea
        • Insomnia
        • Restless Legs Syndrome
        • Circadian Rhythm Sleeping Disorders
        • Narcolepsy
        • Rapid Eye Movement (REM) Sleep Disorder
      • By End User
        • Hospitals
        • Sleep Centers
        • Home Care Settings
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Diagnostic Test Type:
        • Home Sleep Testing
        • In-lab Sleep Testing
          • Electroencephalogram
          • Full Polysomnography
          • CPAP/BiPAP Titration
          • Multiple Sleep Latency Test (MSLT)
          • Maintenance of Wakefulness Test (MWT)
      • By Application
        • Obstructive Sleep Apnea
        • Insomnia
        • Restless Legs Syndrome
        • Circadian Rhythm Sleeping Disorders
        • Narcolepsy
        • Rapid Eye Movement (REM) Sleep Disorder
      • By End User
        • Hospitals
        • Sleep Centers
        • Home Care Settings
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Diagnostic Test Type:
        • Home Sleep Testing
        • In-lab Sleep Testing
          • Electroencephalogram
          • Full Polysomnography
          • CPAP/BiPAP Titration
          • Multiple Sleep Latency Test (MSLT)
          • Maintenance of Wakefulness Test (MWT)
      • By Application
        • Obstructive Sleep Apnea
        • Insomnia
        • Restless Legs Syndrome
        • Circadian Rhythm Sleeping Disorders
        • Narcolepsy
        • Rapid Eye Movement (REM) Sleep Disorder
      • By End User
        • Hospitals
        • Sleep Centers
        • Home Care Settings
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Diagnostic Test Type:
        • Home Sleep Testing
        • In-lab Sleep Testing
          • Electroencephalogram
          • Full Polysomnography
          • CPAP/BiPAP Titration
          • Multiple Sleep Latency Test (MSLT)
          • Maintenance of Wakefulness Test (MWT)
      • By Application
        • Obstructive Sleep Apnea
        • Insomnia
        • Restless Legs Syndrome
        • Circadian Rhythm Sleeping Disorders
        • Narcolepsy
        • Rapid Eye Movement (REM) Sleep Disorder
      • By End User
        • Hospitals
        • Sleep Centers
        • Home Care Settings
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Midwest Sleep Services Inc. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • 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.
    • Carolinas Sleep Services
  • “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Diagnostic Test Type
      • Market Snippet, By Application
      • Market Snippets, By End User
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
  4. Sleep Testing Services Market, By Test Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Home Sleep Testing
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • In-lab Sleep Testing
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Electroencephalogram
        • Full Polysomnography
        • CPAP/BiPAP Titration
        • Multiple Sleep Latency Test (MSLT)
        • Maintenance of Wakefulness Test (MWT)
  5. Sleep Testing Services Market, By Application, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Obstructive Sleep Apnea
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Insomnia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Restless Legs Syndrome
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Circadian Rhythm Sleeping Disorders
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Narcolepsy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Rapid Eye Movement (REM) Sleep Disorder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Sleep Testing Services Market, By End User, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospital
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Sleep Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Home Care Settings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Sleep Testing Services Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Diagnostic Test Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Diagnostic Test Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Diagnostic Test Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Diagnostic Test Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Diagnostic Test Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Diagnostic Test Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Company Profiles
      • Midwest Sleep Services Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • SleepMed Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • SOVA Sleep Services Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medical Service Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Sleep Services Australia
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Genesis SleepCare
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • St. Luke’s Center of Sleep Medicine
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Total Sleep Holdings Plc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Carolinas Sleep Services
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 26 market data tables and 18 figures on “Sleep Testing Services Market - Global forecast to 2027”.

Frequently Asked Questions

This report provides in-depth analysis of the Sleep Testing Services Market and provides market size (US$ Mn) and compound annual growth rate (CAGR) (%) for the forecast period (2019 – 2027). The report also provides also provides valuable insights about market drivers, restraints, opportunities, country outlook, and competitive strategies adopted by the leading players.
Key segments covered in the report include: o By Diagnostics Test Type o By Application o By End User o By Region
The report provides also provides valuable insights about market drivers, restraints, opportunities, country outlook, and competitive strategies adopted by the leading players.
Factors such as increasing incidence and prevalence of sleeping disorders in developing economies is anticipated to propel the growth of the market during the forecasted period.
The report profiles leading players in the Global Sleep Testing Services Market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans. Some of the key players operating in the market 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.
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