[FURL=https://www.industryarc.com/Research/Sleep-Apnea-Diagnostics-Market-Research-506926?utm_source=freeprnow&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Sleep Apnea Diagnostics Market[/FURL] size is estimated to reach $179.4 million by 2026, growing at a CAGR of 6.8% during the forecast period 2021-2026. Sleep apnea is a serious medical condition in which patients do not get enough oxygen to the brain and the rest of the body. It can also result in health problems, such as high blood pressure, heart failure, and others. Sleep apnea has created an economic burden on society owing to the presence of a large pool of undiagnosed patients across the world that causes high collateral losses. Rise in the adoption of polysomnography devices in home care settings, growing demand for advanced actigraphy system, pulse oximeter, and respiratory polygraph devices in hospitals and sleep laboratories, and rise in the pool of undiagnosed sleep apnea patients are the factors that are set to drive the growth of the Sleep Apnea Diagnostics Market for the period 2021-2026.Key Takeaways
Geographically, North America Sleep Apnea Diagnostics Market accounted for the highest revenue share in 2020 and is poised to dominate over the period 2021-2026 owing to the growing adoption of polysomnography devices in-home care settings.
The rise in the availability of advanced diagnostic equipment to help in detecting sleep problems is driving the Hospitals and Sleep Laboratories segment. However, the high cost of sleep apnea diagnostics is one of the major factors that is said to reduce the growth of the Sleep Apnea Diagnostics Market.
Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Sleep Apnea Diagnostics Market report.
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Sleep Apnea Diagnostics Market Segment Analysis-By Geography
North America held the largest share with 31% of the overall market in 2020. The growth in this segment is owing to the factors such as increase in the demand for advanced actigraphy systems, pulse oximeter devices in hospitals and sleep laboratories and rise in the pool of undiagnosed sleep apnea patients. The rise in the adoption of polysomnography devices in home care settings is driving the growth of the Sleep Apnea Diagnostics Market.
Sleep Apnea Diagnostics Market Drivers
Increase in the Adoption of Advanced Polysomnography Devices
Rise in the Pool of Undiagnosed Sleep Apnea Patients
Sleep Apnea Diagnostics Market top 10 companies are Cadwell Industries Inc, Koninklijke Philips N.V., Medtronic plc, Natus Medical Incorporated, Resmed, Nihon Kohden Corporation, Smiths Medical, SomnoMedics, Vyaire Medical Inc, and Itamar Medical Ltd among others.
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