The actigraphy sensors and PSG devices market is mainly dominated by key players who are adopting strategies such as collaborations and product launches to compete in the market. Key players such as Koninklijke Philips N.V., Fitbit, Inc., Garmin Ltd., and ResMed Inc. hold the maximum share in terms of revenue in the global actigraphy sensors and PSG devices market. Companies operating in the actigraphy sensors and PSG devices market are constantly making efforts to launch new products. Additionally, they are focusing on collaborations and mergers to expand their businesses. For instance, Fitbit and Google announced a collaboration to accelerate innovation in digital health and wearable, and Garmin Health and ActiGraph collaborated to conduct clinical trials on wearable solutions. Companies are also collaborating with local distributors, wholesalers, and retailers to expand their geographical presence. Local companies are competing based on effective channel management and pricing in the market.
Adoption of Actigraphy Sensors and PSG Devices Increasing with Rising Prevalence of Sleeping Disorders
The prevalence of sleeping disorder is increasing globally. In the U.S. alone, there are around 50-70 million adults who are suffering from sleep disorders. Among the various types of sleep disorders, such as sleep apnea, insomnia, narcolepsy, narcolepsy, and restless leg syndrome, insomnia is the most common one. Around 10% of the U.S. population is suffering from chronic insomnia, whereas, 30% of the adult population of the U.S. is suffering from short-term issues. The rising prevalence of sleep disorders such as OSA, CSA, and insomnia has increased the demand for actigraphy sensors and PSG devices, since these help diagnose sleep disorders and monitor sleep patterns.
Rising Geriatric Population and Lifestyle-related Disorders to Fuel Growth of Actigraphy Sensors and PSG Devices Market
The geriatric population is rising, globally. As per the Census Bureau report in 2016, funded by NIH, more than 8% of the world’s population was aged 65 and above, and this percentage is expected to grow to around 17% by 2050. Polypharmacy, multimorbidity, and other sleep disorders are very common among the geriatric population, and can adversely affect their normal sleep patterns. The prevalence of lifestyle-related diseases is increasing all around the world, and obstructive sleep apnea and central sleep apnea are the comorbidities associated with lifestyle-related diseases. The increase in lifestyle-related diseases and geriatric population are expected to fuel the growth of the actigraphy sensors and PSG devices market over the forecast period.
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The competition section of the actigraphy sensors and PSG devices market features the profiles of key players operating in the industry, based on their market shares, differential strategies, product offerings, and marketing approach. Some of the prominent players featured in this report include Koninklijke Philips N.V., Fitbit, Inc., Garmin Ltd., ResMed Inc., BMC Medical Co., Ltd., Activinsights Ltd., SOMNOmedics GmbH, MEDISANA GmbH, Recorders & Medicare Systems Pvt Ltd, Compumedics, Ltd, Natus Medical, Inc, Cleveland Medical Devices Inc., Cidelec, iHealth Labs Inc., Medicom MTD, ActiGraph, LLC, Nox Medical, and Nox Medical.
SOMNOmedics GmbH offers a range of actigraphy sensors and PSG devices. Some of the popular brands of the company include SOMNOwatch, SOMNOtouch PSG, etc.
Key manufacturers of actigraphy sensors and PSG devices are focusing on novel marketing strategies to increase product penetration. Most of the companies are focusing on acquisitions, mergers, and product launches as their key strategies to increase the sale of their products in different geographies.
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Actigraphy sensors are portable medical devices that are used to monitor movements during sleep or any other activity over an extended period of time. If there is no movement indicated, it can be considered to be a surrogate of sleep.
Polysomnography devices are medical devices that are used to study sleep and to diagnose various sleep disorders such as obstructive sleep apnea, central sleep apnea, and idiopathic hypersomnia.
About the Report
Research studies have been conducted on the actigraphy sensors and PSG devices market for the forecast period 2018 to 2026. The actigraphy sensors and PSG devices market report offers a comprehensive evaluation of the business opportunities prevailing in this market, along with insights on the trends, dynamics, market opportunity analysis, and competition in the actigraphy sensors and PSG devices market. The report elaborates on the macroeconomic factors influencing the dynamics of the actigraphy sensors and PSG devices market and its futuristic potential.
The report offers a comprehensive taxonomy of the actigraphy sensors and PSG devices market based on product type, distribution channel, technology, and region. By product type, the actigraphy sensors and PSG devices market is segmented into actigraphy devices and polysomnography devices. Actigraphy devices are further sub-segmented into wrist and handband actigraphy devices and wearable actigraphy devices. Polysomnography devices are further sub-segmented into fixed polysomnography devices and portable polysomnography devices. By distribution channel, the actigraphy sensors and PSG devices market can be segmented as retail stores, online retail stores, pharmacies, hospitals, and diagnostic laboratories. Among these, the online retail stores segment is a prominently growing distribution channel for actigraphy sensors and PSG devices. By technology, the actigraphy sensors and PSG devices market can be segmented as actigraphy sensors and PSG devices with wireless technology, actigraphy sensors and PSG devices with USB technology, actigraphy sensors and PSG devices with GPS technology, and actigraphy sensors and PSG devices with other technologies.
The actigraphy sensors and PSG devices market has been analyzed across the regions of North America, Latin America, Europe, Asia Pacific Excluding Japan, Japan, and MEA.
Additional Questions Answered
Some of the additional questions addressed in this report on the actigraphy sensors and PSG devices market-
- What is the revenue potential of the actigraphy sensors and PSG devices market across North America and Europe?
- Who are the key competitors and what are their portfolios in the actigraphy sensors and PSG devices market?
- What are major challenges influencing the growth of the actigraphy sensors and PSG devices market?
- How is intervention from regulatory authorities shaping the growth of the actigraphy sensors and PSG devices market?
For answers to all possible questions required for gauging the performance of the actigraphy sensors and PSG devices market, get in touch with our expert analyst.
Mr. Shambhu Nath Jha is a seasoned consultant and researcher. His research papers have been published in reputed websites and trade journals. His interests include philosophy and history.