Global Sleep Disorder Market

Sleep Disorder Market Size, Share, Growth Analysis, By Type of Sleep Disorder(Insomnia, Sleep Apnea, Restless Legs Syndrome (RLS), Narcolepsy), By Diagnosis Method(Polysomnography (PSG), Actigraphy, Home Sleep Apnea Test (HSAT), Multiple Sleep Latency Test (MSLT)), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35D2156 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 71 |Figures: 75

Sleep Disorder Market Insights

Global Sleep Disorder Market size was valued at USD 22.5 Billion in 2022 and is poised to grow from USD 25.20 Billion in 2023 to USD 62.39 Billion by 2031, at a CAGR of 12% during the forecast period (2024-2031). 

Global Sleep Disorder Market pertains to the diagnosis, treatment, and management of various sleep-related conditions that impact the quality and duration of sleep. With the growing recognition of the significance of sleep for overall health and well-being, this market has gained substantial attention. Sleep disorders encompass a range of conditions such as insomnia, sleep apnea, restless legs syndrome, narcolepsy, and more.

The market is driven by several factors. Rising awareness of sleep disorders, coupled with changing lifestyles, increased stress levels, and the prevalence of sleep-related medical conditions, has spurred demand for diagnosis and treatment. Technological advancements have led to the development of innovative diagnostic tools and treatment options, such as wearable devices and telemedicine solutions, contributing to market growth.

Moreover, the expanding geriatric population, which is more susceptible to sleep disorders and the increasing prevalence of obesity and chronic conditions like diabetes, which can exacerbate sleep issues, further fuel the demand for effective interventions. As a result, pharmaceutical companies, medical device manufacturers, and healthcare providers are investing in research and development to offer improved therapies and solutions for sleep disorders.

The sleep disorder market is expected to continue its upward trajectory due to the growing understanding of the impact of sleep on overall health and the continuous efforts to address the diverse needs of individuals facing sleep-related challenges.

US Sleep Disorder Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 22.5 Billion

Largest Segment

Insomnia

Fastest Growth

Insomnia

Growth Rate

12% CAGR

Global Sleep Disorder Market ($ Bn)
Country Share for North America Region (%)

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Sleep Disorder Market Segmental Analysis

The global sleep disorder market is segmented by Type of Sleep Disorder, Diagnosis Method, End-use and Region. Based on Type of sleep disorder the market is Insomnia, Sleep Apnea, Restless Legs Syndrome (RLS), Narcolepsy, Parasomnias (sleepwalking, night terrors, etc.), and Circadian Rhythm Disorders. Based on Diagnosis Method the market is segmented as, Polysomnography (PSG), Actigraphy, Home Sleep Apnea Test (HSAT), Multiple Sleep Latency Test (MSLT), Electroencephalography (EEG), Others. Based on End-User the segments are segmented as Hospitals and Clinics, Sleep Centers, Homecare Settings, Diagnostic Laboratories. Regional the market is segmented as, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Analysis By Type of Sleep Disorder

The various types of sleep disorders, the Sleep apnea segment is dominating the market due to its high prevalence and significant impact on health. Sleep apnea, characterized by interrupted breathing during sleep, is a leading cause of cardiovascular problems, hypertension, and daytime fatigue. The awareness about its potential health risks has driven the demand for diagnosis and treatment, boosting the dominance of the sleep apnea segment.

On the other hand, the insomnia segment is experiencing rapid growth, emerging as the fastest-growing segment. Insomnia, characterized by difficulty falling asleep or staying asleep, affects a significant portion of the global population. The modern lifestyle, stress, and other factors contribute to the rise in insomnia cases. With increasing awareness about mental health and the importance of quality sleep, more individuals are seeking diagnosis and intervention for insomnia, making it the fastest-growing segment in the sleep disorder market. As research and treatment options continue to evolve, addressing both dominant and fast-growing segments remains a key focus for healthcare providers and manufacturers in the sleep disorder industry.

Sleep Disorder Market Analysis By Diagnosis Method

In the sleep disorder market, "Polysomnography (PSG)" currently dominates due to its comprehensive nature. PSG involves monitoring multiple physiological parameters during sleep, such as brain waves, heart rate, eye movements, and muscle activity, providing detailed insights into sleep patterns and disorders. It is widely used for diagnosing complex sleep disorders like sleep apnea and narcolepsy.

The fastest-growing segment is "Home Sleep Apnea Test (HSAT)" due to its convenience and increasing adoption. HSAT allows patients to undergo sleep apnea testing in the comfort of their homes, using portable devices that monitor breathing patterns, oxygen levels, and airflow. This approach is gaining popularity due to its cost-effectiveness, ease of use, and the growing emphasis on remote healthcare solutions. As telemedicine and remote monitoring gain traction, the HSAT segment is projected to witness significant growth.

Global Sleep Disorder Market By Type, 2023 (%)

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Sleep Disorder Market Regional Insights

The North America region stands as the largest market for sleep disorder solutions, driven by heightened awareness about sleep-related health issues and the availability of advanced healthcare infrastructure. Countries like the United States and Canada have well-established healthcare systems and a significant prevalence of sleep disorders due to factors such as lifestyle changes and stressful routines. This region also witnesses considerable investment in research and development for innovative diagnostic tools and treatment methods.

The second-largest region is Europe, which also demonstrates a significant market presence in the sleep disorder sector. European countries have shown increasing concern for sleep-related health and well-being, leading to higher adoption of sleep disorder diagnosis and treatment solutions. The growing geriatric population and an elevated awareness of the impacts of sleep disorders on overall health contribute to the market's growth in this region. Furthermore, technological advancements and collaborations among healthcare institutions and research organizations further propel the expansion of the sleep disorder market in Europe.

Global Sleep Disorder Market By Region, 2024-2031
  • Largest
  • Fastest

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Sleep Disorder Market Dynamics

Sleep Disorder Market Drivers

Rising Awareness and Education:

  • Growing awareness about the adverse health impacts of sleep disorders is a major driver. Increased education and information dissemination through various channels are prompting individuals to seek diagnosis and treatment for their sleep-related issues.

Technological Advancements:

  • Continuous advancements in diagnostic tools and treatment options, such as portable sleep monitoring devices and telemedicine solutions, are driving market growth by making diagnosis and treatment more accessible and convenient.

Sleep Disorder Market Restraints

Stigma and Lack of Awareness:

  • Despite increasing awareness, stigma around sleep disorders still exists, leading some individuals to avoid seeking professional help. Additionally, lack of awareness in certain regions hinders early diagnosis and treatment.

Limited Insurance Coverage:

  • In some regions, sleep disorder treatments and diagnostics might not be covered by health insurance, deterring individuals from seeking proper care due to financial concerns.

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Sleep Disorder Market Competitive Landscape

The competitive landscape of the sleep disorder market is characterized by the presence of several key players striving to provide comprehensive solutions for diagnosing and managing various sleep-related conditions. Prominent pharmaceutical companies, medical device manufacturers, sleep clinics, and telemedicine providers are actively engaged in offering a range of products and services. These include advanced diagnostic devices, wearable technologies, medications, therapies, and remote monitoring solutions. Companies are focusing on research and development to introduce innovative products that enhance the accuracy of diagnosis and effectiveness of treatment.

Sleep Disorder Market Top Player’s Company Profile

  • ResMed Inc.
  • Fisher & Paykel Healthcare
  • Inspire Medical Systems
  • Sleep Number Corporation
  • Koninklijke Philips NV.
  • Becton, Dickinson and Company
  • Itamar Medical Ltd.
  • Nihon Kohden Corporation
  • Medtronic plc
  • DeVilbiss Healthcare
  • Drive DeVilbiss Healthcare
  • Cardinal Health
  • NovaSom, Inc.
  • Advanced Brain Monitoring
  • SleepMed Inc.
  • Sefam
  • BMC Medical Co., Ltd.

Sleep Disorder Market Recent Developments

  • In January 2023, the American Academy of Sleep Medicine (AASM) released new guidelines for the diagnosis and treatment of sleep apnea. The guidelines recommend that CPAP therapy be the first-line treatment for most people with sleep apnea.
  • In February 2023, the Food and Drug Administration (FDA) approved the first over-the-counter sleep aid, Belsomra. Belsomra is a melatonin receptor agonist that helps to promote sleep.
  • In March 2023, the company ResMed launched a new sleep tracking app called SleepScore Max. The app uses a combination of sensors to track sleep patterns and provide users with insights into their sleep quality.

Sleep Disorder Key Market Trends

  • Rise in Telemedicine and Remote Monitoring: The adoption of telemedicine and remote monitoring solutions has surged, enabling individuals to access sleep disorder diagnosis and treatment from the comfort of their homes. This trend has been accelerated by the COVID-19 pandemic, driving the development of virtual sleep clinics and wearable technologies for remote sleep tracking.
  • Integration of AI and Data Analytics: The integration of artificial intelligence (AI) and machine learning (ML) into CAE software is a prominent trend. These technologies enhance simulation accuracy, enable faster optimization, and automate repetitive tasks, leading to more efficient and accurate engineering analyses.

Sleep Disorder Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global sleep disorder market analysis, the sleep disorder market is witnessing substantial growth globally, driven by rising awareness of sleep-related health issues and advancements in diagnostic and treatment technologies. The market is segmented based on diagnosis methods like polysomnography, actigraphy, and home sleep apnea tests, as well as various sleep disorders including insomnia, sleep apnea, and circadian rhythm disorders. North America currently dominates the market due to high healthcare awareness and favorable reimbursement policies. Asia-Pacific is expected to witness rapid growth due to increasing healthcare infrastructure and a growing focus on overall well-being. The market's growth is fueled by factors like lifestyle changes, technological innovations, and the aging population. As individuals prioritize better sleep quality, the demand for effective sleep disorder diagnosis and treatment solutions is expected to continue growing across regions.

Report Metric Details
Market size value in 2023 USD 22.5 Billion
Market size value in 2031 USD 62.39 Billion
Growth Rate 12%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type of Sleep Disorder
    • Insomnia, Sleep Apnea, Restless Legs Syndrome (RLS), Narcolepsy, Parasomnias (sleepwalking, night terrors, etc.), and Circadian Rhythm Disorders.
  • Diagnosis Method
    • Polysomnography (PSG), Actigraphy, Home Sleep Apnea Test (HSAT), Multiple Sleep Latency Test (MSLT), Electroencephalography (EEG), and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ResMed Inc.
  • Fisher & Paykel Healthcare
  • Inspire Medical Systems
  • Sleep Number Corporation
  • Koninklijke Philips NV.
  • Becton, Dickinson and Company
  • Itamar Medical Ltd.
  • Nihon Kohden Corporation
  • Medtronic plc
  • DeVilbiss Healthcare
  • Drive DeVilbiss Healthcare
  • Cardinal Health
  • NovaSom, Inc.
  • Advanced Brain Monitoring
  • SleepMed Inc.
  • Sefam
  • BMC Medical Co., Ltd.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Sleep Disorder Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Sleep Disorder Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Sleep Disorder Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sleep Disorder Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sleep Disorder Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Sleep Disorder Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Sleep Disorder Market size was valued at USD 22.5 Billion in 2022 and is poised to grow from USD 25.20 Billion in 2023 to USD 62.39 Billion by 2031, at a CAGR of 12% during the forecast period (2024-2031). 

The competitive landscape of the sleep disorder market is characterized by the presence of several key players striving to provide comprehensive solutions for diagnosing and managing various sleep-related conditions. Prominent pharmaceutical companies, medical device manufacturers, sleep clinics, and telemedicine providers are actively engaged in offering a range of products and services. These include advanced diagnostic devices, wearable technologies, medications, therapies, and remote monitoring solutions. Companies are focusing on research and development to introduce innovative products that enhance the accuracy of diagnosis and effectiveness of treatment. 'ResMed Inc.', 'Philips Healthcare', 'Fisher & Paykel Healthcare', 'Inspire Medical Systems', 'Sleep Number Corporation', 'Koninklijke Philips NV.', 'Natus Medical Incorporated', 'Compumedics Limited', 'Becton, Dickinson and Company', 'Itamar Medical Ltd.', 'Nihon Kohden Corporation', 'Medtronic plc', 'DeVilbiss Healthcare', 'Drive DeVilbiss Healthcare', 'Cardinal Health', 'NovaSom, Inc.', 'Advanced Brain Monitoring', 'SleepMed Inc.', 'Sefam', 'BMC Medical Co., Ltd.'

Growing awareness about the adverse health impacts of sleep disorders is a major driver. Increased education and information dissemination through various channels are prompting individuals to seek diagnosis and treatment for their sleep-related issues.

Rise in Telemedicine and Remote Monitoring: The adoption of telemedicine and remote monitoring solutions has surged, enabling individuals to access sleep disorder diagnosis and treatment from the comfort of their homes. This trend has been accelerated by the COVID-19 pandemic, driving the development of virtual sleep clinics and wearable technologies for remote sleep tracking.

The North America region stands as the largest market for sleep disorder solutions, driven by heightened awareness about sleep-related health issues and the availability of advanced healthcare infrastructure. Countries like the United States and Canada have well-established healthcare systems and a significant prevalence of sleep disorders due to factors such as lifestyle changes and stressful routines. This region also witnesses considerable investment in research and development for innovative diagnostic tools and treatment methods.

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