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 - Starting a New Business Chapter
Barriers to entry into the Sleep Disorder Clinics industry are moderate. Market concentration among the top four players is low, with no single provider accounting for a substantial share of revenue. New entrants can establish operations fairly easily in this type of environment. The industry is in its growth life cycle stage, meaning that the market's acceptance of its services is increasing. This factor helps create opportunities for potential entrants.
Additionally, capital investment requirements are low. Industry operators do not need to spend a large amount of money on technology to compete within the industry. Nevertheless, a talented pool of employees is necessary for sleep clinics to operate successfully... purchase to read more