Industry Threats & Opportunities
- As broadband connections grow, more people will experience sleep troubles
- Private and public health insurance policies are now including sleep clinic services, aiding the industry
- Increased electronics use will spur industry growth... purchase to read more
Industry Analysis & Industry Trends
About 40.0 million Americans have chronic sleep disorders, according to the American Sleep Association, which underpins revenue growth within the Sleep Disorder Clinics industry. 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. Moreover, health insurance policies are increasingly covering all or at least part of the costs of tests, diagnoses and treatments provided by sleep disorder clinics. The industry is forecast to continue expanding over the five years to 2021. Rising private and public health insurance coverage, coupled with continuous research on the effects of sleep deprivation, will likely keep industry growth strong.
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Industry Report - Industry Locations Chapter
The location of sleep disorder clinics in the United States largely reflects the distribution of the population and the urbanization and geographic size of the region. The location of major hospitals also affects the location of industry facilities. Government policy may influence the extent to which outpatient services are provided in any given area.
The number of outpatient facilities tends to be high in large metropolitan cities compared with other areas, particularly rural areas. Sleep disorder clinics are often located in high-density urban areas and states with high populations. While the number of sleep clinics in urban areas will likely reach saturation soon, the prospects for growth in rural settings are not significant. The.. ... purchase to read more
Additional Insights for the
Sleep Disorder Clinics
IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sleep Disorder Clinics Industry are Access to highly skilled workforce Accreditation from authoritative source Use of specialist equipment or facilities
IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of people with private health insurance in the Sleep Disorder Clinics industry impact industry performance... purchase to read more