Wireless Polysomnography Market to Exceed USD 329 Million by 2033 at a 5.2% of CAGR

Wireless Polysomnography Market

The global wireless polysomnography (PSG) market, valued at USD 197.7 million in 2023, is projected to reach USD 329.8 million by 2033, growing at a CAGR of 5.2% during the forecast period. This growth reflects increasing demand for advanced and convenient sleep monitoring solutions, spurred by the rising prevalence of sleep disorders and greater awareness of sleep health.

Polysomnography equipment is essential in evaluating sleep phases and cycles, providing critical data that aids in diagnosing and treating various sleep disorders. Recent advancements have enabled modern polysomnography devices to wirelessly transmit data to healthcare providers, enhancing the ease of monitoring and enabling timely analysis and intervention. This wireless capability is especially valuable for both medical facilities and home-based monitoring, as it allows real-time data transmission and supports more efficient patient care.

The increasing incidence of sleep disorders such as sleep apnea, insomnia, and narcolepsy, coupled with a growing preference for remote health solutions, is a primary driver for the wireless PSG market. These innovative devices reduce the need for in-clinic testing, offering patients a comfortable, at-home solution while maintaining high-quality data for physicians.

As the industry evolves, manufacturers are focusing on developing even more accurate, user-friendly wireless PSG devices to support healthcare providers in delivering high-quality sleep health services. With continued advancements, the wireless polysomnography market is set to make a significant impact on the future of sleep disorder management.

How Key Players Stay Competitive in the Wireless Polysomnography Industry?

The wireless polysomnography sector is fiercely competitive, with many companies fighting for market dominance. To stay ahead of the competition in such a circumstance, essential players must employ smart techniques.

Key Strategies Used by the Participants

• Product Innovation

Key players focus on developing and introducing innovative products to address unmet needs in the market. They invest in research and development to improve existing formulations, delivery systems, and enhance the efficacy and safety of the products

• Strategic Partnerships and Collaborations

Key players often form strategic partnerships and collaborations with other companies, research institutes, or healthcare organizations, these partnerships allow for knowledge sharing, joint research and development efforts, and access to complementary technologies or expertise.

• Expansion into Emerging Markets

Key players strive to expand their presence in different geographic regions to tap into new markets and reach a wider customer base. They may establish subsidiaries, distribution networks or strategic alliances in various countries to strengthen their market position.

• Mergers and Acquisitions

Companies in the market may engage in mergers or acquisitions to consolidate their product portfolio, acquire new technologies, these strategic moves allow companies to enter new market segments, gain access to novel products or intellectual property, and achieve synergies in terms of research, manufacturing, or distributions.

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

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.

A Comprehensive Full Report

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

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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