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Heightened Awareness, Coupled with Expanding Patient Pool, Stimulates Sleep Apnea Diagnostics and Sleep Services Market, Says Frost & Sullivan
Date:5/16/2012

LONDON, May 16, 2012 /PRNewswire/ -- The sleep apnea diagnostics devices market has witnessed a gradual increase in revenue due to heightened demand caused by improved awareness. The market is currently in the development phase of its life cycle, with growth largely dependent on the degree of awareness of sleep apnea and reimbursement policies.

New analysis from Frost & Sullivan (http://www.patientmonitoring.frost.com), Strategic Analysis of Sleep Apnea Diagnostic and Sleep Services Market in Europe, finds that the market earned revenues of $84.5 million in 2010 and estimates this to reach $151.3 million in 2017. The research covers clinical PSG, ambulatory PSG and screening devices as well as services in hospital and non-hospital based sleep labs.

"The increasing number of patients reporting sleep disorders, coupled with improved awareness about sleep-related chronic illnesses, has resulted in greater demand for sleep diagnostics and therapeutic services in Europe," notes Frost & Sullivan Research Analyst Somsainathan. "Independent sleep research organisations are aiming to create awareness and motivate investments into R&D in order to support technological advances in treating sleep disorders."

The market for sleep apnea diagnostics and sleep services in Europe is gaining momentum mainly due to the drive to improve public awareness about the ill effects of sleep disorders and their relation to other chronic health issues. Various organisations, including the World Sleep Foundation and the European Sleep Research Society, have contributed significantly to these awareness campaigns.

"Interdisciplinary studies are highlighting the need for non-independent data management software, wherein results from PSG can be integrated into one system, to provide the most effective data," remarks Somsainathan. "This demand for comprehensive solutions and systems w
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SOURCE Frost & Sullivan
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