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 SWOT Analysis Chapter
The Sleep Disorder Clinics industry is growing quickly. During the 10 years to 2019, IBISWorld forecasts that the industry's value added, which measures the value that the industry adds to the overall economy, will grow at an average annual rate of 10.8%. This rate is significantly faster than the growth rate of GDP over the same period, which is projected at 2.5% per year on average, indicating a growth life cycle stage for the industry.
The number of sleep clinics is also on the rise. Over the five years to 2014, the number of locations is expected to increase at an average annual rate of 6.2% to 3,456. The trend is anticipated to continue into the next five years, with the number of establishments growing an average 6.2% per year to 4,677 by 2019... purchase to read more