SLEEP TESTING SERVICES MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027
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REPORT DESCRIPTION Sleep Testing Services Market - Overview Obstructive sleep apnea (OSA), insomnia, restless legs syndrome (RLS), Circadian rhythm sleeping disorders (CRSD), Narcolepsy and rapid eye movement (REM) sleep disorder are some of the most prominent conditions in sleep disorders. Patients with these conditions require continuous monitoring during the course of treatment. 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 For instance, according to a review of epidemiological studies presented in June 2019, at Sleep 2019, the annual meeting of the Associated Professional Sleep Societies in San Antonio, Texas (U.S), obstructive sleep apnea may affect around 37% of adults in North, Central and South America. R&D in OSA is expected to offer lucrative growth opportunities for players in the market. For instance, in November 2019, researchers from Università Federico II, Italy, reported investigation of the frequency distribution of hypopneas in patients with interstitial lung disease-OSA. Browse Research Reports: https://www.coherentmarketinsights.com/market-insight/sleeptesting-services-market-3764 Š Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Global Sleep Testing Services Market: Restraints Long waiting time for sleep services is expected to hinder growth of the market. Late diagnosis of sleep problems can lead to chronic conditions such as risk of heart failure, stroke, high blood pressure, diabetes, and obesity. Patients with sleep related disorders are likely to get affected due to longer waiting time, and clinics providing sleep testing services have limited bed capacity. For instance, according to Fraser Institute’s Waiting Your Turn: Wait Times for Health Care in Canada, 2019 Report, the waiting time in ‘from referral by a general practitioner to consultation with a specialist’ segment increased from 8.7 weeks in 2018 to 10.1 weeks in 2019. This wait time was 173% longer than in 1993, when it was 3.7 weeks. Key Takeaways:
The Home Sleep Testing segment global sleep testing services market was valued at US$ 1,483.2 Mn in 2019 and is forecast to reach a value of US$ 4,541.7 Mn by 2027 at a CAGR of 15.0% between 2019 and 2027. Increasing prevalence of sleep disorders is expected to boost growth of the global sleep testing services market over the forecast period. Obstructive Sleep Apnea segment held dominant position in the global sleep testing services market in 2019, accounting for 44.7% share in terms of value, followed by Insomnia, respectively. Favourable reimbursement scenario is expected to propel growth of the market during the forecasted period. Request a Sample copy of this reports : https://www.coherentmarketinsights.com/insight/request-sample/3764 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION Regulations Canada Reimbursement Scenario
There is more favorable reimbursement support available for PSG sleep service as compared to home-based sleep testing services. However, increasing adoption of home-based sleep testing service are prompting private insurance providers to reduce reimbursement for in-lab PSG testing, as it is increasing financial burden on insurance providers owing to higher cost structure of in-lab sleep services. 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 May 2018: Medical Service Company acquired the assets of St. Vincent Home Medical and announced to start three CPAP Therapy Centers and a central distribution center.. Buy-Now this research report: https://www.coherentmarketinsights.com/insight/buy-now/3764 Š Coherent market Insights. All Rights Reserved
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