An estimated 70 million Individuals have insomnia, and 39 million undergo from obstructive sleep apnea (OSA), largely undiagnosed. As weight problems charges stay excessive, this downside just isn’t prone to dissipate any time quickly. Subsequently, there’s ample room for future progress of CPAP units and sleep research, carried out at residence or in specialised clinics.
As weight problems charges climb and Individuals age, extra individuals 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 take care of 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 (resembling CPAP becoming, oral equipment remedy, and behavioral sleep drugs).
Prime 6 Issues to Know Concerning 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 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.
- 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 massive healthcare firms: ResMed and Respironics (Philips).
- Sleep facilities: This market is a mature, low-growth, low-profit market populated by small, personal firms 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.
- Traits: Pre-COVID volumes have been 70% in-lab and 30% residence sleep testing (HST), in keeping with numerous surveys, which discovered this in-lab to residence testing ratio flipped through the pandemic. It’s now 70% residence exams and 30% in-center exams.
The place to Be taught Extra
To seek out out extra concerning the sleep issues therapy market, take a look at a brand new report titled The U.S. Sleep Issues 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.
Concerning the Writer: John LaRosa is the President of Marketdata LLC and is the creator of 100+ trade and market research. His analysis seems in prime media retailers together with ABC, CNN, Fox, Forbes, USA At the moment, The Wall Road Journal, The New York Occasions, and quite a lot of commerce journals.Â
