An estimated 70 million Individuals have insomnia, and 39 million undergo 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 development of CPAP units and sleep research, carried out at house or in specialised clinics.
As weight problems charges climb and Individuals age, extra persons are creating 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 cope with the pandemic and a shift to more cost effective at-home exams and declining Medicare reimbursements, however are diversifying their companies so as to add different earnings streams (corresponding to CPAP becoming, oral equipment remedy, and behavioral sleep drugs).
High 6 Issues to Know In regards to the Sleep Facilities & CPAPs Market
- Market measurement and development: Marketdata estimates that the U.S. sleep facilities market was price $7.75 billion in 2023, whereas the CPAPs units market is price $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.
- Trade 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 full estimated variety of ACCREDITED sleep facilities is at the very least 3,256.
- Traits: Pre-COVID volumes had been 70% in-lab and 30% house sleep testing (HST), in keeping with numerous surveys, which discovered this in-lab to house testing ratio flipped through the pandemic. It’s now 70% house exams and 30% in-center exams.
The place to Study Extra
To search out out extra concerning the sleep issues remedy market, take a look at 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 writer of 100+ trade and market research. His analysis seems in prime media shops together with ABC, CNN, Fox, Forbes, USA Right now, The Wall Road Journal, The New York Occasions, and a wide range of commerce journals.Â
