Market for sleep disorder diagnostic devices to get hotter

Tuesday, March 18, 2014

SAN ANTONIO – The market for sleep disorder diagnostic devices generated revenues of $95.6 million in 2013 and could generate $125.8 million in 2017, according to a report from Frost & Sullivan. Driving that growth: a large pool of undiagnosed patients and a growing population of elderly people. Also driving growth is a trend toward home care sleep tests that are more convenient and lack side effects. “Vendors that offer self-help devices have the potential to erode the share of sleep centers that offer sleep tests, as self-help technology can decrease the number of visits to physicians and overnight stays in clinics,” stated Akanksha Joshi, a healthcare research analyst, in the report. “Overall, a manufacturer that offers accurate data through real-time device connectivity involving the insurer and physicians, as well as a precise predictive model for better patient outcomes, will elicit greater interest in its product line.”