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 ”.
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. 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.
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.
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