An estimated 70 million People have insomnia, and 39 million undergo from obstructive sleep apnea (OSA), largely undiagnosed. As weight problems charges stay excessive, this downside just isn’t more likely to dissipate any time quickly. Due to this fact, there may be 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 People age, extra persons 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 deal with the pandemic and a shift to less expensive at-home exams and declining Medicare reimbursements, however are diversifying their providers 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 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.
- 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 entire estimated variety of ACCREDITED sleep facilities is no less than 3,256.
- Tendencies: Pre-COVID volumes had been 70% in-lab and 30% dwelling sleep testing (HST), in accordance with varied surveys, which discovered this in-lab to dwelling testing ratio flipped in the course of the pandemic. It’s now 70% dwelling exams and 30% in-center exams.
The place to Study Extra
To seek out out extra in regards to the sleep problems therapy 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.
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 shops together with ABC, CNN, Fox, Forbes, USA At present, The Wall Road Journal, The New York Instances, and a wide range of commerce journals.Â
