Actigraphy Sensors and Polysomnography Devices Market

Actigraphy Sensors and Polysomnography Devices Market Size Survey Report – In a Glance

As per the survey report on global Actigraphy sensors and polysomnography devices market, the market is projected to foresee a CAGR of CAGR value 5.3% between 2024-2033, and further generate a market size of USD 2.1 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 1.3 billion revenue.

• The global Actigraphy sensors and polysomnography devices market is projected to grow on account of the growing prevalence of sleep disorders.
• In Japan, the Actigraphy sensors and polysomnography devices market growth can be attributed to the rising awareness of health.
• KDMI analyst’s growth analysis foresees high production costs to challenge the market growth.
• North America, having the highest market share in the Actigraphy sensors and polysomnography devices market, is projected to dominate the global market.

Actigraphy Sensors and Polysomnography Devices Market Analysis

Actigraphy sensors and polysomnography devices are equipment used to study sleep cycles, behaviors, and disorders. It is a wearable device that observes and tracks movement with the help of accelerometers to predict sleep-wake cycles over days or weeks. The growing prevalence of sleep disorders recently due to the increasing adoption of unhealthy lifestyles is ultimately powering the actigraphy sensors and polysomnography devices market across provinces. Epidemiological evidence suggests that insufficient sleep and poor sleep quality results in premature death and other serious health outcomes. A recent investigation of the occurrence of sleep disorders revealed that more than 20,000 people in the Netherlands fall in the age group of 12 years old or older. Also, the study found an alarming result showing a prevalence rate of 27.3%, with 21.2% of the males and 33.2% of the females diagnosed with some kind of sleep disorder. Another report suggests that around one-third of adults are living with some insomnia symptoms, out of which 10 to 15% report problems with functioning during the daytime and 4 to 22% have symptoms severe enough to meet the criteria for insomnia disorder. Furthermore, 40 to 50% of people approximately with insomnia also deal with at least one mental disorder.

Recorders & Medicare Systems Pvt Ltd, Natus Medical Inc., MEDISANA GmbH, are some of the significant parties in the global market for Actigraphy sensors and polysomnography devices.

Analyst’s Observation on Japan Actigraphy Sensors and Polysomnography Devices Market Survey

In Japan, the market growth for Actigraphy sensors and polysomnography devices can be attributed to the rising awareness of health. Increasing health awareness among the Japanese population about the significance of well-being and wellness care has sparked a significant change in the last decade, eventually supporting the growth of the market. As per a survey, the Japanese population had relatively high palliative care awareness, and out of the 3452 survey takers, 65.2% people had palliative care awareness. Not long ago, in December 2023, the Health and Global Policy Institute (HGPI) organized a nationwide survey titled, “The 2023 Public Opinion Survey on Satisfaction in Healthcare in Japan and Healthcare Applications of Generative AI” among 1,000 men and Women 20 Years of age and more. It was found that more than two-thirds (66.9%) of survey takers were “Satisfied” or “Very satisfied” with healthcare in Japan.

Nox Medical, ResMed Inc, SOMNOmedics GmbH., are some of the significant parties in the market for Actigraphy sensors and polysomnography devices in Japan.

Actigraphy Sensors and Polysomnography Devices Market Growth Driver and Challenges

Growth Driver

Increasing adoption of next-generation technologies:

The rising use of next-generation technologies such as the Internet of Things (IoT), green technology and wearable AI devices is one of the core drivers behind the growth of the actigraphy sensors and polysomnography devices market globally. In recent times, green innovation has led the edge with its rapidly developing cutting-edge technologies that have experienced excellent growth in the last two decades the total market value was $1.5 trillion in 2020 and could reach $9.5 trillion by 2030. The information ecosystem for these new innovations is dominated by the United States and China, with a 30 percent total share of global publications and almost 70 percent of patents. Other countries compete in specific categories, notably France, Germany, India, Japan, the Republic of Korea, and the United Kingdom.

Restraint

High production costs:

Businesses are hindered due to the elevated production expenses of actigraphy sensors and polysomnography (PSG) devices, hampering the market development and progression due to the restriction of affordability for consumers. The high cost stems from various factors like advanced technology, costly raw materials, and complex manufacturing processes that restrict its widespread use, ultimately slowing down the growth of the market. Polysomnography (PSG) is usually identified as the gold standard for sleep evaluation as it is not feasible due to its relatively high cost and the burden it imposes upon the user. Hence, addressing these expense-related hurdles through technological advancements and economies can in fact boost the market accessibility and growth.

Actigraphy Sensors and Polysomnography Devices Market Segmentation

Our experts at KD Market Insights have segmented the global Actigraphy sensors and polysomnography devices market research report as:

Actigraphy Sensors and Polysomnography Devices Market Regional Synopsis

The North American actigraphy sensors and polysomnography devices market is majorly driven by the growth are the rising aging population, the high incidence of chronic sleep disorders, the large patient pool, the efficiency and affordability of the industry with the technological breakthroughs, as well as the presence of well-established research institutions, accounting approximately 50% of share in the global platform. Study suggests that around 50 to 70 million Americans are living with sleep disorders, and 1 in 3 adults (about 84 million people) do not regularly get the adequate amount of uninterrupted quality sleep they need for getting a healthy body.

Asia Pacific holds the second biggest portion of the actigraphy sensors and polysomnography devices market. Owing to the increased public spending on healthcare and wellness, the region is likely to experience substantial growth opportunities, and the products are witnessing high demand in countries such as South Korea, India, and Japan, due to the recognition of diseases like sleep deprivation and insomnia. In accordance with a study of 60 Attention deficit-hyperactivity disorder (ADHD) children in the Asia-Pacific region, sleep disturbance prevalence was 12 (20%). Sleep hyperhidrosis (13%) was the most common sleep disturbance type, followed by disorders of initiating and maintaining sleep (3%) and sleep breathing (3%) then disorders of excessive somnolence (1%).

As per our analysts at KD Market Insights, the following five players lead the North America Actigraphy sensors and polysomnography devices market growth:

• Garmin (U.S.)
• Fitbit (U.S.)
• ResMed (U.S.)
• Natus Medical (U.S.)
• Nox Medical (U.S.)

Actigraphy Sensors and Polysomnography Devices Market Competitive Landscape

Some of the key players who top the global Actigraphy sensors and polysomnography devices market share:

• Philips (Netherlands)
• Garmin (U.S.)
• Fitbit Inc (U.S.)
• ResMed Inc (U.S.)
• Natus Medical (U.S.)
• Nox Medical (U.S.)
• SOMNOmedics (Germany)
• Compumedics (Australia)
• BMC Medical (China)
• Cleveland
• Cidelec (France)
• ActiGraph (U.S.)

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Actigraphy Sensors and Polysomnography Devices Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Product type
      2. By Technology type
      3. By Distribution channel
      4. By Region
5. Market Segmentation by Product type
   1. 1. Wrist and handband actigraphy products
      2. Wearable actigraphy products
      3. Fixed polysomnography products
      4. Portable polysomnography products
6. Market Segmentation by Technology type
   1. 1. USB
      2. Wireless technology
      3. GPS
      4. Others
7. Market Segmentation by Distribution channel
   1. 1. Hospital
      2. Pharmacy
      3. Diagnostic laboratories
      4. Others
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
         4. South Korea
         5. Market Size and Forecast
         6. Key Trends and Developments
         7. Market Analysis by Product type, Technology type, and Distribution channel
      5. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product type, Technology type, and Distribution channel
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
   3. Medtronic (Ireland)
   4. IBM
   5. Apple Inc.
   6. Siemens Medical Solutions
   7. Pepperl+Fuchs
   8. Cisco
   9. GE Healthcare
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References