Actigraphy Sensors & PSG Devices Market: Current Analysis and Forecast (2022-2030)

Report Description

Actigraphy Sensors & PSG Devices market is expected to grow at a CAGR of around 5% from 2022-2030. Both actigraphy sensors and PSG devices are used to monitor and measure sleep and activity levels, they are used in different contexts and for different purposes. Actigraphy sensors are more commonly used in home and non-clinical settings, while PSG devices are used in clinical settings for the diagnosis and treatment of sleep disorders. Further on, PSG devices provide more detailed information on sleep architecture and stages, while actigraphy sensors provide more general information on sleep and activity levels. Additionally, growing cases of sleep disorders and the growing interest in tracking sleep and activity levels for health and wellness purposes are some of the most prominent factors driving the growth of the market. For instance, according to the National Sleep Foundation, approximately 50 to 70 million Americans have a sleep disorder, and many of these individuals could benefit from monitoring their sleep and activity levels using actigraphy sensors.

Some of the major players operating in the market include SOMNOmedics GmbH, ResMed, Recorders & Medicare Systems Private Limited, Natus Medical Incorporated, Medisana GmbH, Koninklijke Philips N.V., Garmin Ltd., Fitbit, Compumedics Limited, Activinsights Ltd. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst product type, the actigraphy segment held a significant share of the market in 2021”

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. Additionally, advances in technology are making actigraphy sensors more accurate and easier to use, further increasing their popularity.

“Amongst technology, wireless technology dominated the market in 2021”

On the basis of technology, the market is categorized into Wire, 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. The growth of this segment can be attributed to the factors such as convenience, ease of use, and improved data collection and analysis capabilities that wireless technology provides.

“North America Dominated the market in 2021”

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.

Actigraphy Sensors & PSG Devices Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global actigraphy sensors & PSG devices market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Actigraphy Sensors & PSG Devices Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global actigraphy sensors & PSG devices market were the three major steps undertaken to create and analyze the adoption of actigraphy sensors & PSG devices in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global actigraphy sensors & PSG devices market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the actigraphy sensors & psg Devices market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the actigraphy sensors & PSG devices market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product and technology. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the actigraphy sensors & PSG devices market. Further, we conducted factor analysis using dependent and independent variables such as product and technology of the actigraphy sensors & PSG devices market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the actigraphy sensors & PSG devices market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global actigraphy sensors & PSG devices market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the actigraphy sensors & PSG devices market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global actigraphy sensors & PSG devices market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global actigraphy sensors & PSG devices market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product type and technology in the global actigraphy sensors & PSG devices market.

The main objective of the Global Actigraphy Sensors & PSG Devices Market Study

The current & future market trends of the global actigraphy sensors & PSG devices market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the actigraphy sensors & PSG devices market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the product type and technology
• Define and analysis of the regulatory framework for the actigraphy sensors & PSG devices industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the actigraphy sensors & PSG devices market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the actigraphy sensors & PSG devices market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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