The global sleep testing services market is expected to generate major upsurge in demand owing to the rise in consumer awareness and availability of incomes owing to favorable reimbursement policies, according to a report by Persistence Market Research.
Key findings in the global sleep testing services market are as follows:
1. The global sleep testing services market is projected to reach a value of US$ 8.40 Bn at the end of 2021.
2. The global market is expected to rise at a strong CAGR of 12.9% for the forecast period of 2016 – 2021.
3. The full polysomnography testing segment is expected to climb owing to higher consumer awareness and favorable insurance reimbursement.
4. Rising incidences of sleep disorders expected to push the global market.
5. The in-lab sleep testing services sub-segment accounted for 69% of the global share in 2015, but is anticipated to lose demand owing to high cost and more time consumption compared to home testing services.
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6. The full polysomnography test sub-segment projected to grow fastest for the forecast period.
7. The home sleep testing services sub-segment is projected to register significant revenue growth.
8. North America is expected to register favorable growth in the forecast period owing to favorable reimbursement policies and high consumer awareness.
9. Variation in the reimbursement policies in Europe is resulting in moderate growth for the market region.
10. Rise of medical tourism, low cost of treatment, development of infrastructure are all touted to drive the Asia Pacific market region.
To know more about the global sleep testing services market, click here. http://www.persistencemarketresearch.com/market-research/sleep-service-providers-market/toc
Key Players in the global sleep testing services market include SOVA Sleep Services Inc., St. Luke’s Center of Sleep Medicine, Total Sleep Holdings Plc., Medical Service Company, Carolinas Sleep Services, Midwest Sleep Services Inc., Sleep Services Australia, Genesis SleepCare, and SleepMed Inc.