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Actigraphy Sensors & PSG Devices is Expected to Showcase a CAGR of Around 5% Due to the Growing Cases of Sleep Disorders | Univdatos Market Insights
According to a new report published by UnivDatos Markets Insights, the Actigraphy Sensors & PSG Devices market is expected to grow at a CAGR of around 5% from 2022-2030. The analysis has been segmented into Product Type (Actigraphy Devices and Polysomnography Devices); Technology (Wireless, USB, and GPS); Region/Country.
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The actigraphy sensors & PSG devices market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the actigraphy sensors & PSG devices market. The actigraphy sensors & PSG devices market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the actigraphy sensors & PSG devices market at the global and regional levels.
Key Market Dynamics
With the rising reception of remote clinical hardware, patients can now utilize actigraphy sensors and PSG gadgets at home, disposing of the requirement for medical clinic visits. As a result, there has been an increase in the demand for PSG devices and portable, wireless, and wearable actigraphy sensors that can send real-time data to healthcare providers.
As a result, manufacturers are now concentrating on creating more advanced and user-friendly devices that can seamlessly integrate with other wireless diagnostic tools and medical equipment, such as mobile apps and EHR systems. The use of wireless actigraphy sensors and PSG devices has also been accelerated by the rise of telemedicine and remote patient monitoring (RPM). Doctors can use telemedicine to remotely track their patients' sleep patterns, diagnose sleep disorders, and offer treatment recommendations without having to take their patients to a clinic or hospital.
FIG. 1 Global Actigraphy Sensors & PSG Devices Market Revenue, by Region 2021 (% Share) |
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Source: UnivDatos Market Insights
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COVID-19 Impact
The COVID-19 pandemic has had a significant impact on the actigraphy sensors and PSG devices market. With many people unable or unwilling to visit healthcare facilities in person, the adoption of remote monitoring technologies has accelerated, including for sleep disorders. This has led to increased demand for actigraphy sensors and PSG devices that can be used for remote monitoring and diagnosis, driving growth in the market.
The global Actigraphy Sensors & PSG Devices market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
- Based on product type, the market is segmented into actigraphy devices and polysomnography devices. The actigraphy segment held a significant share of the market in 2021 mainly owing to the increasing prevalence of sleep disorders, the growing interest in health and wellness tracking, and the affordability and accessibility of these devices.
- On the basis of technology, the market is categorized into wireless, USB, and GPS. Among these, the wireless technology segment catered to a dominating share of the market in 2021 and is expected to grow at a robust CAGR during the forecast period.
Actigraphy Sensors & PSG Devices Market Geographical Segmentation Includes:
- North America (U.S., Canada, and the Rest of North America)
- Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific)
- Rest of the World
North America catered to a significant share of the global actigraphy sensors & PSG devices market in 2021. The high prevalence of sleep disorders, the growing interest in health and wellness tracking, and the availability of advanced healthcare technology are all factors contributing to the high demand for actigraphy sensors in North America. Furthermore, the region has a highly advanced healthcare technology industry, with many companies focused on developing and improving healthcare devices and software. This has led to the development of advanced actigraphy sensors that offer more accurate data and better analysis capabilities, further driving demand in the region.
List of key start-ups in the North America Region:
Company Name |
Company Logo |
Year of Establishment |
Biofourmis |
|
2015 |
Consumer Sleep Solutions LLC |
|
2016 |
Spry |
|
2013 |
AliveCor, Inc. |
|
2011 |
The major players targeting the Global Actigraphy Sensors & PSG Devices market:
Company Name |
Company Logo |
Revenue (2021) |
SOMNOmedics GmbH |
|
USD XX Bn |
ResMed |
|
USD XX Bn |
Recorders & Medicare Systems Private Limited |
|
USD XX Bn |
Natus Medical Incorporated |
|
USD XX Bn |
Medisana GmbH |
|
USD XX Bn |
Koninklijke Philips N.V. |
|
USD XX Bn |
Garmin Ltd. |
|
USD XX Bn |
Fitbit |
|
USD XX Bn |
Compumedics Limited |
|
USD XX Bn |
Activinsights Ltd. |
|
USD XX Bn |
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Actigraphy Sensors & PSG Devices market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.
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Recent Developments:
- In November 2022, the world's first reimbursable digital sleep improvement program was launched by SleepScore Labs, a significant step toward promoting sleep as preventative care
Key questions resolved through this analytical market research report include:
- What are the latest trends, new patterns, and technological advancements in the actigraphy sensors & PSG devices market?
- Which factors are influencing the actigraphy sensors & PSG devices market over the forecast period?
- What are the global challenges, threats, and risks in the actigraphy sensors & PSG devices market?
- Which factors are propelling and restraining the actigraphy sensors & PSG devices market?
- What are the demanding global regions of the actigraphy sensors & PSG devices market?
- What will be the global market size in the upcoming years?
- What are the crucial market acquisition strategies and policies applied by global companies?
- What are the descriptive profiles of key companies along with their SWOT analysis?
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Actigraphy Sensors & PSG Devices Market Report Coverage
Report Attribute |
Details |
Base year |
2021 |
Forecast period |
2022-2030 |
Growth momentum |
Accelerate at a CAGR of 5% |
Market size 2021 |
USD XX million |
Regional analysis |
North America, Europe, APAC, Rest of the World |
Major contributing region |
North America dominated the market in 2021 |
Key countries covered |
U.S., Canada, Germany, U.K., France, Italy, Spain, China, India, Japan |
Companies profiled |
SOMNOmedics GmbH, ResMed, Recorders & Medicare Systems Private Limited, Natus Medical Incorporated, Medisana GmbH, Koninklijke Philips N.V., Garmin Ltd., Fitbit, Compumedics Limited, Activinsights Lt. |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling |
Segments Covered |
By Product Type; By Technology; By Region/Country |
Target Audience:
- Actigraphy Sensors & PSG Devices Manufacturers
- Raw Material Suppliers
- Market-related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and start-up companies
- Distributors and sales firms
- Research institutes, organizations, and consulting companies
About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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