Rest easy: Rising private and public health insurance coverage, coupled with continuous research on sleep will likely support industry growth
According to the American Sleep Association, between 50.0 million and 70.0 million Americans have ongoing sleep disorders. Increasing awareness of the importance of sleep health and environmental and lifestyle changes that challenge healthy sleep habits in the population have spurred demand and growth in number of sleep disorder clinics. While less-severe sleep disorder cases do not require treatment in a clinic, relying on a specialty doctor to diagnose, follow up and prescribe at-home treatment, some conditions require clinic services. Health insurance policies, private and government-funded, are increasingly covering all or at least part of the costs of tests, diagnoses and remedies provided by sleep disorder clinics. As a result, more patients can access specialized sleep clinics, driving revenue growth for the industry.
Establishments in this industry are devoted to the diagnosis and care of outpatients with disorders that affect, disrupt or more generally involve sleep. Common sleep disorders include insomnia, sleep apnea, restless leg syndrome and sleepwalking. Industry clinics are often associated with hospitals or medical schools.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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