Ambulatory Polysomnography (PSG) Systems Market Set for Steady Growth with a 5.3% CAGR by 2034 | Future Market Insights, Inc. [Yahoo! Finance]
Koninklijke Philips N.V. NY Registry Shares (PHG)
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Source: Yahoo! Finance
Advances in wearable technology and home sleep testing devices are driving this growth, enhancing the usability and accessibility of PSG systems. Innovations include compact, lightweight sensors and intuitive interface designs, allowing patients to conduct sleep studies comfortably at home instead of in clinical settings. NEWARK, DE / ACCESSWIRE / November 21, 2024 / The global market for Ambulatory Polysomnography (PSG) systems is projected to grow from USD 309.45 million in 2024 to USD 516.47 million by 2034, reflecting a compound annual growth rate (CAGR) of 5.3% over the forecast period. In 2023, the market generated revenues of USD 295.17 million, indicating a steady upward trend in demand for these advanced sleep diagnostic systems. It is experiencing a notable surge as advancements in technology and increasing demand for home-based sleep diagnostics reshape the market landscape. These portable diagnostic systems allow patients to monitor sleep disorders in the comfort of th
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PHG
Earnings
- 1/29/24 - In-Line
PHG
Sec Filings
- 10/28/24 - Form 6-K
- PHG's page on the SEC website