Actigraphy Sensor and PSG Devices Market Size Worth $1.65 Billion By 2027 | CAGR: 5.1%
The global actigraphy sensor and PSG devices market size is expected to reach USD 1.65 billion by 2027 according to a new study by Polaris Market Research. The report “Actigraphy Sensor and PSG Devices Market Share, Size, Trends, Industry Analysis Report, By Product Type (Actigraphy Devices; Polysomnography Devices); By Technology (Wireless, USB, GPS), By Distribution Channel (Retail Stores, Online Retail Stores, Pharmacies, Hospitals, Diagnostic Laboratories, Homecare Settings); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Actigraphy and PSG devices play an important role in management of sleep disorders. Growing prevalence of sleep disorders and alterations in sleeping patterns has led to sleep disorders ranging from minor disturbances to major sleep problems. While chronic sleep disorders make a crucial impact on person’s quality of life and health, management of these disorders at an early phase is quite essential. As increasing number of patients are seeking diagnostic services to secure accurate treatment for sleep disorders, the demand for actigraphy sensors and PSG devices is continuously increasing.
The market is driven by continuously increasing prevalence of insomnia, stressed lifestyle, which in turn increases the number of people with disturbed sleep cycle and are the potential patients for treatment. Adoption of these devices in diagnostics and inclusion in treatment plan helps patients to achieve better patient outcome. According to the statistics published by the Maternal and Child Health Bureau in the U.S., on an average 60 million people suffer with one or other sleeping pattern disorder.
With increase in demand for these devices market participants such as Fit bit, Inc. has recently announced the launch of new enterprise Fit Bit Care, thus introducing the launch of breakthrough platform for enhancing wellness and disease management. This platform features wide range of devices which includes but not limited to wearables and tracking devices.
These lucrative market opportunities are leading to mergers & acquisitions in the industry with ResMed, Inc. acquiring MatrixCare and Garmin Ltd collaborating with ActiGraph to diversify their offerings in this product segment. Companies such as SOMNOmedics GmbH, ResMed Inc., Recorders & Medicare Systems Pvt Ltd, Natus Medical, Inc., MEDISANA GmbH, Koninklijke Philips N V, Garmin Ltd, Fitbit, Inc., Compumedics, Ltd, BMC Medical Co, Aetna Inc., and Activinsights Ltd. are some of the key players operating in the global market.
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Polaris Market Research has segmented the actigraphy sensors and PSG devices market report on the basis of product, technology, and distribution channel, and region
Actigraphy Sensors & PSG Devices Market, Product Outlook (Revenue – USD Million, 2016 – 2027)
Actigraphy Devices
Wrist and Handband Devices
Wearable Devices
Polysomnography Devices
Fixed
Portable
Actigraphy Sensors & PSG Devices Market Technology Outlook (Revenue – USD Million, 2016 – 2027)
Wireless
USB
GPS
Others
Actigraphy Sensors & PSG Devices Market Distribution Channel Outlook (Revenue – USD Million, 2016 – 2027)
Retail Stores
Online Retail Stores
Pharmacies
Hospitals
Diagnostic Laboratories
Homecare Settings
Actigraphy Sensors & PSG Devices Market Regional Outlook (Revenue – USD Million, 2016 – 2027)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Central & South America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
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