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 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 dwelling or in specialised clinics.
As weight problems charges climb and Individuals 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 Individuals.
Sleep facilities needed to deal 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 earnings streams (equivalent to CPAP becoming, oral equipment remedy, and behavioral sleep drugs).
Prime 6 Issues to Know Concerning the Sleep Facilities & CPAPs Market
- Market dimension and development: 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 sooner.
- 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 massive healthcare firms: ResMed and Respironics (Philips).
- Sleep facilities: This market is a mature, low-growth, low-profit market populated by small, non-public 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 not less than 3,256.
- Tendencies: Pre-COVID volumes have been 70% in-lab and 30% dwelling sleep testing (HST), in accordance with numerous surveys, which discovered this in-lab to dwelling testing ratio flipped through 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 problems remedy 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.
Concerning the Creator: John LaRosa is the President of Marketdata LLC and is the writer of 100+ trade and market research. His analysis seems in high media shops together with ABC, CNN, Fox, Forbes, USA At this time, The Wall Avenue Journal, The New York Instances, and quite a lot of commerce journals.Â
