Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.0 % over the past five years, to reach an estimated $14.1bn in 2024.
Trends and Insights
The growing awareness around sleep disturbances is making room for new clinics
- Physicians and the public have become increasingly aware of sleep disturbances' impact on health and other diseases. Sleep clinics can test for common sleep disorders, including insomnia, sleep apnea and other sleep disturbances (e.g., restless legs syndrome, narcolepsy and parasomnias).
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Increased awareness and diagnoses of sleep disorders drive future growth
- Increased public awareness of sleep disorders drives more people to seek diagnosis and treatment. Campaigns highlight the importance of good sleep hygiene, prompting more professional consultations. Young adults, in particular, are proactively addressing sleep issues, recognizing its vital role in overall health.
Biggest companies in the Sleep Disorder Clinics in the US
| Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Sleep Disorder Clinics in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Physician consultations, Diagnostic tests ( Polysomnography and other) and Diagnostic tests (Home sleep apnea tests). Physician consultations is the largest segment of the Sleep Disorder Clinics in the US.
Trends and Insights
Revenue from physician consultations continues to be vital
- Physician consultations before and after sleep tests drive substantial revenue. Initial consultations evaluate the need for a sleep study, while follow-ups determine treatment plans like additional testing, surgery, medication, or CPAP machines.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Physician consultationsDiagnostic tests (Polysomnography and other)Diagnostic tests (Home sleep apnea tests)OtherCompanies
Purchase this report to view all major companies in this industry.
Related Terms
CONTINUOUS POSITIVE AIRWAY PRESSURE (CPAP) MachineINSOMNIANARCOLEPSYOUTPATIENT POLYSOMNOGRAPHYSLEEP APNEAOBSTRUCTIVE SLEEP APNEA (OSA)HOME SLEEP TEST (HST)Industry Code
NAICS 62149 - Sleep Disorder Clinics in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The pandemic led to a hike in sleep disorders. Lessons from the pandemic and continuing complications of long COVID have raised awareness of sleep health and demand for sleep...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Innovative products and services can enhance healthcare quality at clinics. Physician consultations drive clinic revenue, but better coordination of data, equipment and diagn...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Clinic locations align with population density. Clinics rely on a varied, skilled labor pool, a robust referral network and a substantial population base to attract clients.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Clinics must stay vigilant to new market entrants. Low capital intensity eases entry barriers, making it easier for competitors to attract customers and skilled workers once ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The sleep disorder clinics market is fragmented, with no significant players dominating it. Smaller, specialized clinics are prevalent, strategically located across the Unite...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Restless nights drive public awareness, regulation and innovation in sleep health. Increasing concern about sleep's importance is boosting sleep medicine and prompting home-t...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Rising wages are causing significant challenges for sleep clinics. The shortage of skilled healthcare workers is pushing wages higher, which already consumes a large portion ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Sleep Disorder Clinics in the US industry in United States in 2024?
The market size of the Sleep Disorder Clinics in the US industry in United States is $14.1bn in 2024.
How many businesses are there in the Sleep Disorder Clinics in the US industry in 2024?
There are 1,579 businesses in the Sleep Disorder Clinics in the US industry in United States, which has grown at a CAGR of 6.4 % between 2019 and 2024.
Has the Sleep Disorder Clinics in the US industry in United States grown or declined over the past 5 years?
The market size of the Sleep Disorder Clinics in the US industry in United States has been growing at a CAGR of 2.0 % between 2019 and 2024.
What is the forecast growth of the Sleep Disorder Clinics in the US industry in United States over the next 5 years?
Over the next five years, the Sleep Disorder Clinics in the US industry in United States is expected to grow.
What does the Sleep Disorder Clinics in the US in United States include?
Physician consultations and Diagnostic tests (Polysomnography and other) are part of the Sleep Disorder Clinics in the US industry.
How competitive is the Sleep Disorder Clinics in the US industry in United States?
The level of competition is moderate and increasing in the Sleep Disorder Clinics in the US industry in United States.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Primary Care Doctors in the US
- Specialist Doctors in the US
- Mental Health & Substance Abuse Clinics in the US
- Emergency & Other Outpatient Care Centers in the US
Complementors
- Medical Device Manufacturing in the US
- Medical Instrument & Supply Manufacturing in the US
- Medical Supplies Wholesaling in the US
- Diagnostic & Medical Laboratories in the US
- Medical Equipment Rental in the US
International industries
- Specialist Medical Services in Australia
- Health Services in Australia
- Other Health Services in Australia
- Specialist Medical Services in New Zealand
- Specialist Medical Practices in the UK
View all industries in United States
Methodology
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
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