Industry Analysis & Industry Trends
In the past five years, revenue has grown rapidly. Sleep clinics have gained exposure during the period due to the rising number of sleep disorders brought on by electronic stimuli in the form of laptops and smartphones. Research findings show that the light emitted from these gadgets limits melatonin release, a hormone that regulates sleep. As usage of devices increases, so do sleep issues that require attention from industry clinics. Moreover, health insurance policies are increasingly covering all or at least part of the costs of tests and, as more patients have been able to gain greater access to specialized sleep clinics, industry revenue grows.... purchase to read more
Industry Report - Industry Key Buyers Chapter
Market share concentration within the Sleep Disorder Clinics industry is low; combined, the top four players account for less than 4.0% of revenue. Most sleep disorder clinics cater to their local geographical market, much in the same way that hospitals, specialty doctors and primary care physicians do. Additionally, most industry participants have no more than a handful of locations, limiting their presence in the industry.
IBISWorld expects concentration to increase over the next five years. Larger players that are able to expand their facilities, take on more patients and open additional locations will likely grow their operations faster than their competitors... purchase to read more