Home Sleep Screening Devices Market to Face a Significant Slowdown in 2028, as COVID-19 Sets a Negative Tone for Investors - PowerPoint PPT Presentation

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Home Sleep Screening Devices Market to Face a Significant Slowdown in 2028, as COVID-19 Sets a Negative Tone for Investors

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According to the latest research by Future Market Insights (FMI), global sales of home sleep screening devices exceeded the revenues worth US$ 2.3 billion in 2018. Toward 2019, FMI expects the revenue to observe robust increase by around 7%. According to the report, a majority of revenue through sales of home sleep devices will be generated by retail stores – PowerPoint PPT presentation

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Title: Home Sleep Screening Devices Market to Face a Significant Slowdown in 2028, as COVID-19 Sets a Negative Tone for Investors


1
Future Market Insights Presents Home Sleep
Screening Devices Market Growth Projections in a
Revised Study Based on COVID-19 Impact
  • April 2020

Report Id REP-GB-8715 Published On
09-Apr-2019 Category Healthcare,
Pharmaceuticals Medical Devices
2
AboutFuture Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
India. We combine our knowledge and learning from
every corner of the world to distill it to one
thing the perfect solution for our client.
Research Capabilities
Sector Coverage
  • Customized Research
  • Syndicated Research
  • Investment Research
  • Social Media Research

  • Automotive and Transportation
  • Electronics, Semiconductor, and ICT
  • Retail and Consumer Products
  • Industrial Automation and Equipment
  • Chemicals Materials
  • Food and Beverages
  • Services and Utilities
  • Energy, Mining, Oil, and Gas

Subscription Information

For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
Home Sleep Screening Devices Market Analysis
According to the latest research by Future Market
Insights (FMI), global sales of home sleep
screening devices exceeded the revenues worth US
2.3 billion in 2018. Toward 2019, FMI expects the
revenue to observe robust increase by around 7.
According to the report, a majority of revenue
through sales of home sleep devices will be
generated by retail stores, the most preferred
distribution channel for home sleep screening
devices manufacturers, followed by the online
sales segment. In terms of revenue, the wearable
sleep screening devices account for the revenue
share of over 65 in the overall home sleep
screening devices market. However, the increasing
affordability and adoption of non-wearable
devices for continuous sleep tracking without
physical contact with the device is estimated to
fuel the growth of the non-wearable home sleep
screening devices segment in the near
future. Despite the fact that the rates of
insurance reimbursement for home sleep studies
are low, the convenience and portability offered
by these devices compensate for the lack of
reimbursement. A growing trend of using wearables
as lifestyle devices is facilitating the demand
for home sleep screening devices, and this is
among the factors boosting the revenue generation
of the home sleep screening devices market.
5
Home Sleep Screening Devices Market Analysis
Prevalence of Sleep Related Disorders Rising
Number of Manufacturing Players Accelerating
Market Reach of Home Sleep Screening Devices
The growing demand for sleep studies with home
sleep screening devices can be attributed to the
growing prescription numbers for home sleep
tracking. Sleep disorders are affecting a large
pool of population, which has boosted the
awareness about these disorders and other related
ailments. Increase in the prevalence of sleep
disorders has led to an expansion of private care
centres and hospitals. These sleep centres have
increased awareness among people about the
importance of tracking sleep patterns for better
sleep. This is driving the usage of home sleep
screening devices for sleep disorder cases, and
subsequently increasing the revenue generation of
the home sleep screening devices
market. Increasing number of manufacturers in
the home sleep screening devices landscape and
growing awareness among patients about
sleep-related disorders will fuel the demand for
home sleep screening devices across the globe.
There has been a consistent increase in the
number of local manufacturers of sleep tracker
systems, as well as the availability of different
types of trackers such as wristbands, headbands,
tracker masks, and ring devices.
6
Home Sleep Screening Devices Market Analysis
This enables customers to choose from a range of
products depending on the data they want to
analyze and the type of wearable preferred by
them, based on which they can opt for a product
based on their affordability as well as medical
feasibility. This is majorly contributing to the
growth of the home sleep screening devices
market. Advancing Sleep Tracking Technology to
Uplift Sales Potential of Sleep Screening
Devices The technology utilised in home sleep
screening devices is based on the mapping of the
REM sleep, heal rate, respiration patterns, and
deep sleep. However, new home sleep screening
devices are incorporating the same technology as
the one used in Actigraphy and polysomnography
devices. The growing trend of utilising a sleep
tracker as a lifestyle accessory is estimated to
promote the growth of the home sleep screening
devices market. Technological advancements in
smart home sleep screening devices have led to
the creation of hybrid devices that not only
track activity, but also track sleeping patterns.
These smart home sleep screening devices are
capable of tracking fitness aspects such as the
distance walked, calories consumed, heart rate
monitoring, and can also track sleep patterns
such as deep light sleep and REM.
7
Home Sleep Screening Devices Market Analysis
For instance, Fitbit, Inc.'s product Fitbit Ionic
tracks fitness/activity as well as sleep
patterns. It can record the REM, deep light
sleep, as well as provide tips for efficient
sleeping patterns based on an individual's
lifestyle. Similar technological trends are
estimated to eliminate the factors restraining
the growth of the home sleep screening devices
market. The Consumer Electronics Association has
collaborated with The National Sleep Foundation
and formed "The Wearable Sleep Monitoring
Equipment Group," which is aimed at boosting the
development of sleep technologies. This is also
expected to improve the quality of wearable home
sleep screening devices to ensure better data
collection and storage. The introduction of
certain new advancements and technologies are
expected to create growth opportunities for the
home sleep screening device market. Request for
covid19 Impact Analysis https//www.futuremarketi
nsights.com/covid19/rep-gb-8715
8
Home Sleep Screening Devices Market Analysis
  • The report tracks some of the key companies
    operating in the home sleep screening devices
    market, which include Fitbit, Inc., Koninklijke
    Philips N.V., Huami Corporation, Fossil Group,
    Inc., Garmin Ltd., Huawei Technologies Co., Ltd.,
    ResMed Inc., Responsive Surface Technology, LLC,
    and Simmons Bedding Company LLC.
  • Source Link https//www.prnewswire.com/news-relea
    ses/the-home-sleep-screening-devices-market-is-exp
    ected-to-expand-at-an-8-4-cagr-over-2018-to-2028--
    future-market-insights-300830623.html
  • More from Healthcare, Pharmaceuticals and Medical
    devices Market Insights Market Intelligence
  • Medical Mask Market
  • Dental Hygiene Devices Market
  • Veterinary Pain Management Drugs Market

9
Home Sleep Screening Devices Market Analysis
About Us Future Market Insights (FMI) is a
leading market intelligence and consulting firm.
We deliver syndicated research reports, custom
research reports and consulting services which
are personalized in nature. FMI delivers a
complete packaged solution, which combines
current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights and an aerial view of the competitive
framework and future market trends. Contact
Us Abhishek Budholiya616 Corporate Way, Suite
2-9018,Valley Cottage, NY 10989,United
StatesT 1-347-918-3531F 1-845-579-5705T
(UK) 44(0)20-7692-8790Sales sales_at_futuremarke
tinsights.com Press Office Press_at_futuremarketins
ights.com  Future Market Insights
For more insights on the Home Sleep Screening
Devices Market,you can request a report sample
with full TOC
10
To know more about us, please visit our website
www.futuremarketinsights.com For sales queries
or new topics email us on sales_at_futuremarketinsi
ghts.com For media queries, contact the press
office at press_at_futuremarketinsights.com For
other queries contactHari. T (Sr. Manager -
Global Business Development) Future Market
Insights 3rd Floor,207 Regent Street, London
W1B 3HH T 44 20 7692 8790 D 44 20 3287
4268 Email hari.t_at_futuremarketinsights.com
Thank You
Future Market Insights Global Consulting
Private Limited (FMI)
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