Global Sleep Testing Services Market Insights Forecasts to 2033

• The Global Sleep Testing Services Market Size was Valued at USD 5.8 Billion in 2023
• The Market Size is Growing at a CAGR of 4.14% from 2023 to 2033
• The Worldwide Sleep Testing Services Market Size is Expected to Reach USD 8.7 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Sleep Testing Services Market Size is Anticipated to Exceed USD 8.7 Billion by 2033, Growing at a CAGR of 4.14% from 2023 to 2033.

Market Overview

The industry that offers diagnostic testing for sleep disorders is referred to as the worldwide sleep testing service. It involves utilizing techniques like polysomnography and at-home sleep apnea testing to assess sleep patterns and abnormalities. The market covers both remote or home-based testing utilizing portable devices and in-person testing at clinics. To accurately diagnose and treat sleep problems, service providers, medical specialists, and equipment manufacturers are involved. The market for sleep testing services is anticipated to grow as a result of many reasons, such as advantageous reimbursement policies and the rising incidence of sleep disorders. More consumers can use sleep diagnostic services as a result of private insurance companies' growing coverage of their costs. This raises the need for sleep testing services on the international market as a result. In the medical and healthcare industries, sleep testing services are extensively utilized. Due to the prevalence of sleep problems among people, especially in their middle and older years, many commercial companies’ reimbursement programs are drawing a large number of patients to the testing service. Initiatives related to sleep health are being included by employers in corporate wellness programs to boost worker productivity, lower absenteeism, and increase general well-being. Individuals are thus urged to participate in sleep studies to treat any sleep problems and enhance the quality of their sleep. Sports teams and athletes are realizing how important sleep is to their recuperation and performance on the field. Sleep studies are increasingly widely used by professional sports organizations to improve performance and lower injury risk as part of their training and recovery regimens.

Report Coverage

This research report categorizes the market for the global sleep testing services market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global sleep testing services market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global sleep testing services market.

Driving Factors

The rising number of citizens suffering from sleep problems, such as insomnia and obstructive sleep apnea, is placing a significant financial strain on the healthcare system. To address this expanding public health issue, efforts must be made to increase awareness, enhance diagnostic capabilities, and increase access to treatment alternatives. The necessity that insurance service providers impose for home sleep testing (HST) is expected to propel the worldwide market for sleep testing services to considerable growth over the projected period. The potential for profit growth in the entire sleep disorder market is being created by the increasing global prevalence of sleep disorders and the increasing use of sleep disorder services. Many sleep disorders, including narcolepsy, sleep apnea, periodic limb movement during sleep, chronic insomnia, and other ailments, can be accurately diagnosed by polysomnography. To measure the heart rate, brain waves, and oxygen levels, the diagnosis/test is done at night. An obstruction in the upper airways causes obstructive sleep apnea (OSA), a condition in which the brain malfunctions and fails to deliver breathing signals. In many countries, this issue is widespread, yet it is typically undiagnosed more than 85% of individuals who have OSA have not received a diagnosis.

Restraining Factors

The expense of treating sleep cycle-related medical illnesses is still expensive in numerous fields since polysomnography is still a relatively new topic of debate in the healthcare industry and because treating these conditions is still not as widely accepted. Except in a few industrialized countries, a greater portion of the populace is hesitant to invest in or spend money on treating sleep disorders since they are not seen to be as serious as other medical diseases, which limits the growth of the worldwide market. The public in developing countries is not well-informed on how to treat sleep-related medical disorders, and there are few treatment facilities available. These factors prevent the worldwide market for sleep testing services from growing to its full potential.

Market Segmentation

The global sleep testing services market share is classified into diagnostic service, application, and end user.

• The home sleep testing segment is expected to hold the largest share of the global sleep testing services market during the forecast period.   

Based on the diagnostic service, the global sleep testing services market is divided into home sleep testing, in-lab testing, and multiple sleep latency tests (MSLT). Among these, the home sleep testing segment is expected to hold the largest share of the global sleep testing services market during the forecast period. Due to its technological advancements, efficiency, and ease of use. By offering more accurate results and a more natural sleeping environment, HST complies with patient wishes. HST's market dominance has increased because of patient demand and increased accessibility, even if in-lab testing is still used in complex circumstances.

• The obstructive sleep apnea segment is expected to hold the largest share of the global sleep testing services market during the forecast period.   

Based on the application, the global sleep testing services market is divided into obstructive sleep apnea, insomnia, restless legs syndrome, circadian rhythm sleeping disorders, narcolepsy, and rapid eye movement (REM) sleep disorder. Among these, the obstructive sleep apnea segment is expected to hold the largest share of the global sleep testing services market during the forecast period. The most common type of sleep disturbance is obstructive sleep apnea, which is marked by breathing difficulties while you sleep and serious health hazards. To varying degrees, individual sleep health is also impacted by various sleep disorders, such as REM sleep disorder, narcolepsy, circadian rhythm sleeping disorders, insomnia, and restless legs syndrome.

• The hospital segment is expected to hold the largest share of the global sleep testing services market during the forecast period.   

Based on the end user, the global sleep testing services market is divided into hospitals, sleep centers, and in-home care. Among these, the hospital segment is expected to hold the largest share of the global sleep testing services market during the forecast period. The market for sleep testing services is dominated by hospitals, mostly because of their state-of-the-art equipment, distinctive settings, and highly skilled medical personnel. As they provide a wide range of diagnostic and treatment options, hospitals are well-positioned to provide patients with tailored care and accurate diagnoses of sleep disorders. Hospitals have a stranglehold on the market for sleep testing services due to their long history and excellent reputation.

Regional Segment Analysis of the Global Sleep Testing Services Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global sleep testing services market over the predicted timeframe.

North America is anticipated to hold the largest share of the global sleep testing services market over the predicted timeframe. Numerous factors, such as evolving lifestyles, increasing disposable income, the presence of notable industry players, a rise in the prevalence of respiratory illnesses, increased awareness of obstructive sleep apnea (OSA), and encouraging government initiatives, are responsible for the region's market dominance. Several factors, including changing lifestyles, rising disposable income, the presence of well-known industry players, an increase in the number of obese individuals, an increase in the frequency of respiratory illnesses, rising awareness of obstructive sleep apnea (OSA), and supportive government initiatives, are responsible for the region's market leadership.

Asia Pacific is expected to grow at the fastest pace in the global sleep testing services market during the forecast period. As older individuals are more likely to experience sleep issues, the region's growing senior population is driving up demand for sleep testing services. Moreover, the Asia-Pacific region's largest market share was held by China's sleep testing services market, while India's sleep testing services market was growing at the fastest rate.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global sleep testing services market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Circle Health Group
• Cleveland Clinic
• Competence Center of Sleep Medicine
• Imperial College Healthcare NHS Trust
• ResMed
• Singapore Neurology & Sleep Centre
• Singular Sleep, LLC
• Sleep Management Institute
• Interdisciplinary Center of Sleep Medicine
• International Institute of Sleep
• Koninklijke Philips N.V.
• Korea University Medicine
• London Sleep Centre
• MedStar Health
• Millennium Sleep Lab
• Omni Sleep Health
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2024, the International Institute of Sleep collaborated with EnsoData, an artificial intelligence-based sleep data analysis business.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global sleep testing services market based on the below-mentioned segments: 

Global Sleep Testing Services Market, By Diagnostic Service

• Home Sleep Testing
• In-Lab Testing
• Multiple Sleep Latency Test (MSLT)

Global Sleep Testing Services Market, By Application

• Obstructive Sleep Apnea
• Insomnia
• Restless Legs Syndrome
• Circadian Rhythm Sleeping Disorders
• Narcolepsy
• Rapid Eye Movement (REM) sleep disorder

Global Sleep Testing Services Market, By End User

• Hospitals
• Sleep Centers
• In-Home Care

Global Sleep Testing Services Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa