An estimated 70 million People have insomnia, and 39 million endure from obstructive sleep apnea (OSA), principally undiagnosed. As weight problems charges stay excessive, this downside isn’t prone to dissipate any time quickly. Due to this fact, there’s ample room for future progress of CPAP gadgets and sleep research, carried out at residence or in specialised clinics.
As weight problems charges climb and People age, extra individuals are creating sleep apnea, stressed leg syndrome and different sleep problems. Plus, stressors associated to inflation and politics are leading to extra sleepless nights for People.
Sleep facilities needed to cope with the pandemic and a shift to more cost effective at-home assessments and declining Medicare reimbursements, however are diversifying their companies so as to add different revenue streams (equivalent to CPAP becoming, oral equipment remedy, and behavioral sleep medication).
Prime 6 Issues to Know In regards to the Sleep Facilities & CPAPs Market
- Market measurement and progress: Marketdata estimates that the U.S. sleep facilities market was price $7.75 billion in 2023, whereas the CPAPs gadgets market is price $5.06 billion. The CPAPs market is rising sooner.
- Demand: 50-70 million U.S. adults have a sleep problem, with 39 million of them having sleep apnea.
- Business construction: The sleep facilities market is fragmented and is populated by greater than 4,500 small, privately owned operations, whereas the CPAPs market is dominated by two giant healthcare corporations: ResMed and Respironics (Philips).
- Sleep facilities: This market is a mature, low-growth, low-profit market populated by small, personal corporations with common gross annual revenues of $1.7 million.
- Competitors: Marketdata analysts estimate that the true variety of sleep facilities within the U.S. is about 4,560. The overall estimated variety of ACCREDITED sleep facilities is a minimum of 3,256.
- Developments: Pre-COVID volumes have been 70% in-lab and 30% residence sleep testing (HST), in accordance with varied surveys, which discovered this in-lab to residence testing ratio flipped in the course of the pandemic. It’s now 70% residence assessments and 30% in-center assessments.
The place to Be taught Extra
To seek out out extra concerning the sleep problems therapy market, take a look at a brand new report titled The U.S. Sleep Problems Remedy Market: Sleep Facilities, Sleep Research & CPAPs by Marketdata LLC. This complete, 97-page report covers market sizing, affected person demographics, competitor profiles, regional market potentials, and extra.
In regards to the Creator: John LaRosa is the President of Marketdata LLC and is the creator of 100+ trade and market research. His analysis seems in high media retailers together with ABC, CNN, Fox, Forbes, USA At this time, The Wall Road Journal, The New York Occasions, and quite a lot of commerce journals.
