The rise in demand for the treatment of sleep disorders like insomnia, sleep-walking and narcolepsy are the major growth factors for actigraphy sensors and polysomnography devices market. Besides, the growing number of depressive disorders like bipolar disorder and depression are also fueling the market growth
According to the current analysis of Reports and Data, the global actigraphy sensors and polysomnography devices market is expected to reach USD 1,616.15 million by the year 2026, with a CAGR of 5.5% during the forecast period. Actigraphy sensors and Polysomnography devices are the devices which are used for the measurement of motion, usually with miniature accelerometers, to monitor daily activity and sleep patterns. The devices are typically worn for several weeks or days on the hip or the wrist. The motion patterns can be displayed as actograms that show the daily activity and rest periods. This data can be analyzed to provide a variety of objective endpoints about the circadian patterns, the level of activity, and the nighttime movements. The major driving factors that are boosting the growth of actigraphy sensors and polysomnography devices market are increasing sleep disorders like sleep-related breathing disorders, circadian rhythm sleep-wake disorders, chronic sleep disorders like narcolepsy and hypersomnia which affect the quality life of patients. Manufacturers in the actigraphy sensors and polysomnography devices market are integrating next-generation technologies, such as wireless technologies in actigraphy sensors and polysomnography devices to improve the accuracy and reliability of the devices and ultimately to maintain a strong foothold in the actigraphy sensors and polysomnography devices market. For instance, ActiGraph launched its activity monitoring device, the CenterPoint Insight Watch, which uses raw data capture technology to capture the high-resolution signal from the accelerometer and provide actionable information to the user through its real-time data transfer mechanism.
Key companies profiled in the report include
Fitbit Inc, Phillips, Garmin, Resmed, Somno medics, BMC medicals, Nox medicals, Compumedics, Cleveland, Matrix care, Actigraph, and Aetna Inc
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Actigraphy Sensors and Polysomnography Devices market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
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The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Actigraphy Sensors and Polysomnography Devices Market Segmentation based on Types:
By Product Type (Revenue, USD Million; 2016-2026)
- Actigraphy Sensors
- Wrist and Handband Actigraphy Products
- Wearable Actigraphy Products
- Polysomnography Devices
- Fixed Polysomnography Products
- Portable Polysomnography Products
By Technology Type (Revenue, USD Million; 2016-2026)
- USB
- Wireless Technology
- GPS
- Others
By Distribution Channels
- Retail Stores
- Pharmacies
- Online Retail Stores
- Hospitals
- Homecare Settings
- Diagnostic Laboratories.
Actigraphy Sensors and Polysomnography Devices Market Segmentation based on Application:
Application 1, Application 2, Application 3, Application 4, and others.
key findings from the report suggest
The wrist and handband actigraphy product type segment of actigraphy sensors and polysomnography devices is expected to grow at a CAGR of 5.0 % by 2025. The significant share is due to the use of the wrist and hand band devices. This segment was observed to grow enormously in the forecast period However, the FDA has approved only a few medical devices like actigraph, which contains a software called actisoft This program is called Actisoft and runs on an IBM-compatible personal computer
- Latest technological trends are accelerating the growing number of actigraphy sensors and polysomnography devices launched across the world. USB actigraphy sensor, wireless sensors, and PSG devices accounted for more than half the revenue share of the global market in 2017 and 2018. Owing to the persistent technological advancement in the wireless technologies, the trend of growing demand and supply for wireless or USB actigraphy sensors and polysomnography devices is likely to remain in the foreseeable future. Furthermore, increasing penetration of wireless medical devices and diagnostic tools in the healthcare industry in developing countries is creating lucrative sales opportunities for stakeholders in the actigraphy sensors and polysomnography devices market.
- Polysomnography provides a complete evaluation of sleep-related data when it comes to medical cases, which remains the primary reason behind the growing preference for PSG devices over actigraphy sensors.
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