An estimated 70 million Individuals have insomnia, and 39 million endure from obstructive sleep apnea (OSA), largely undiagnosed. As weight problems charges stay excessive, this drawback is just not more likely to dissipate any time quickly. Due to this fact, there’s ample room for future progress of CPAP units and sleep research, carried out at dwelling or in specialised clinics.
As weight problems charges climb and Individuals age, extra individuals are growing sleep apnea, stressed leg syndrome and different sleep issues. Plus, stressors associated to inflation and politics are leading to extra sleepless nights for Individuals.
Sleep facilities needed to take care of the pandemic and a shift to less expensive at-home assessments and declining Medicare reimbursements, however are diversifying their companies so as to add different earnings streams (akin to CPAP becoming, oral equipment remedy, and behavioral sleep medication).
Prime 6 Issues to Know In regards to the Sleep Facilities & CPAPs Market
- Market dimension and progress: Marketdata estimates that the U.S. sleep facilities market was value $7.75 billion in 2023, whereas the CPAPs units market is value $5.06 billion. The CPAPs market is rising quicker.
- 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, non-public 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 at the very least 3,256.
- Traits: Pre-COVID volumes had been 70% in-lab and 30% dwelling sleep testing (HST), based on numerous surveys, which discovered this in-lab to dwelling testing ratio flipped in the course of the pandemic. It’s now 70% dwelling assessments and 30% in-center assessments.
The place to Be taught Extra
To search out out extra in regards to the sleep issues remedy market, try a brand new report titled The U.S. Sleep Problems Therapy 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 prime media shops together with ABC, CNN, Fox, Forbes, USA Immediately, The Wall Road Journal, The New York Occasions, and a wide range of commerce journals.
