The US Sleep Disorder Clinics Market to Reach $8.43 Billion by 2029, East to Dominate the Market Growth - Arizton

According to the latest report by Focus Reports by Arizton, the US Sleep Disorder Clinics Market 2024 - 2029 sheds light on the dynamic and rapidly evolving industry.

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The US sleep disorder clinics market was valued at $6.11 billion in 2023 and is expected to reach $8.43 billion by 2029, growing at a CAGR of 5.51% during the forecast period. The demand for sleep disorder clinics market is rising due to the increase in number of baby boomers, and the increase in healthcare expenditure, the growing prevalence of heart diseases and nerve disorders due to the rising aging population.

A study by the American Sleep Apnea Association found substantial increases in sleep disorders over the study period, including a 41% rise in obstructive sleep apnea. Other disorders also surged: narcolepsy by 14%, hypersomnia by 32%, periodic limb movement disorder by 30%, and REM sleep behavior disorder by 64%. The data suggests a potential rise in other disorders. Approximately 50-70 million Americans have sleep disorders, and around 84 million don't get the recommended uninterrupted sleep for health protection.

Increasing Healthcare Costs Fuel the Growth of Private Health Insurance, Driving Market Expansion

The rise in healthcare expenditure is one of the main constraints people face, as they cannot afford to pay the bill. This has led the private healthcare insurance sectors to serve the market. Private health insurance dominates, with a major share in the US sleep disorder clinic market. US medical care is expensive, so most people appreciate health insurance. Private healthcare insurance helps individuals manage the financial burden of healthcare, allowing them to access necessary medical services without worrying excessively about the associated costs.Still, the costs of testing and treatments for sleep disorders will vary greatly all around the US and even from one community to the next. The doctor may prescribe sleep aid medication based on the sleep disorder the individual is suffering from. Many of these medications are covered by the health insurance plan. The cost will depend on which type of insurance the individual has and the price the insurer agreed to pay. Most private health insurance policies cover PAP equipment. However, the level of coverage and rules for coverage will depend on the specific insurance policy.

According to the data published by the US Census Bureau, In 2022, private health insurance coverage continued to be more prevalent than public coverage, at 65.6 percent and 36.1 percent, respectively.

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REPORT HIGHLIGHTS

SEGMENTATION & FORECAST

· By Ownership

o Affiliated Clinics

o Independent Clinics

· By Application

o Sleep Testing

o Therapy

o Consultations

o Others

· By Payor

o Private Health Insurance

o Public Health Insurance

o Out-Of-Pocket

· By Region

o East

o South

o West

o Mid-West

VENDORS LIST

Key Vendors

· Comprehensive Sleep Care Center

· Star Sleep & Wellness

· SleepWorks

Other Prominent Vendors

· Anchorage Sleep Center

· Wellstar

· Butler Health System

· Mayo Clinic

· Koala Center for Sleep & TMJ Disorders

· Advantage Sleep Centers

· Norton Healthcare

· Clayton Sleep Institute

· Englewood Health

· Grand View Health

· Hunterdon Health

· Intermountain Health

· Jupiter Medical Center

· Nationwide Children's Hospital

· Penn Medicine

· The Sleep Center of Nevada

· Cleveland Clinic's

· Somerset Pulmonary and Sleep Medicine Center

· Stanford Health Care

· The Center for Sleep Medicine

· Thomas Jefferson University Hospitals

· UCLA Health

· University of Illinois Hospital & Health Sciences System

· USA Sleep Diagnostic Services

· Valley Health Systems

· Weill Cornell Medicine

Key Question Answered in the Report

How big is the U.S. sleep disorder clinics market?

What is the projected growth rate of the U.S. sleep disorder clinics market?

What are the rising trends in the U.S. sleep disorder clinics market?

Who are the key players in the U.S. sleep disorder clinics market?

TOCs

CHAPTER - 1: Sleep Disorder Clinics Market Overview

· Executive Summary

· Key Findings

CHAPTER - 2: Sleep Disorder Clinics Market

· US: Projected Revenue of Nursing Care Market (2020-2029; $Billions)



CHAPTER - 3: Sleep Disorder Clinics Market Segmentation Data

· US: Projected Revenue by Ownership (2020-2029; $Billions)

o Affiliated Clinics

o Independent Clinics

· U.S.: Projected Revenue by Application (2020-2029; $Billions)

o Public Expenditure

o Private Expenditure

· U.S.: Projected Revenue by Payor (2020-2029; $Billions)

o Private Health Insurance

o Public Health Insurance

o Out-Of-Pocket

· U.S.: Projected Revenue by Region (2020-2029; $Billions)

o East Region

o South Region

o West Region

o Mid-West Region

CHAPTER - 4: Sleep Disorder Clinics Market Prospects & Opportunities

· Sleep Disorder Clinics Market Opportunities & Trends

· Sleep Disorder Clinics Market Drivers

· Sleep Disorder Clinics Market Constraints

CHAPTER - 5: Sleep Disorder Clinics Industry Overview

· Sleep Disorder Clinics Market - Competitive Landscape

· Sleep Disorder Clinics Market - Key Vendor Profiles

· Sleep Disorder Clinics Market - Other Prominent Vendors

· Sleep Disorder Clinics Market - Key Strategic Recommendations

CHAPTER - 6: Appendix

· Research Methodology

· Abbreviations

· About Arizton


List of Exhibits

Exhibit 1: Projected Revenue of Sleep Disorder Clinics in U.S. (2020-2029; $ Bn)

Exhibit 2: Market Size & Forecast - Affiliated-Clinics (2020-2029; $ Bn)

Exhibit 3: Market Size & Forecast - Independent Clinics (2020-2029; $ Bn)

Exhibit 4: Market Size & Forecast - Sleep Testing (2020-2029; $ Bn)

Exhibit 5: Market Size & Forecast - Therapy (2020-2029; $ Bn)

Exhibit 6: Market Size & Forecast - Consultations (2020-2029; $ Bn)

Exhibit 7: Market Size & Forecast - Others (2020-2029; $ Bn)

Exhibit 8: Market Size & Forecast - Private Health Insurance (2020-2029; $ Bn)

Exhibit 9: Market Size & Forecast - Public Health Insurance (2020-2029; $ Bn)

Exhibit 10: Market Size & Forecast - Out-Of-Pocket (2020-2029; $ Bn)

Exhibit 11: Market Size & Forecast - East region (2020-2029; $ Bn)

About Focused Reports by Arizton

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