PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Double-Digit Growth Projected for Sleep Service Provider Markets - New analysis from Frost & Sullivan, U.S. Sleep Service Provider Markets, reveals that the total market generated revenue of $1,631 million in 2004 and expects to reach $4,436 million in 2011 at an estimated compound annual growth rate (CAGR) of 15
Double-Digit Growth Projected for Sleep Service Provider Markets

 

NewswireToday - /newswire/ - San Antonio, TX, United States, 2005/04/18 - New analysis from Frost & Sullivan, U.S. Sleep Service Provider Markets, reveals that the total market generated revenue of $1,631 million in 2004 and expects to reach $4,436 million in 2011 at an estimated compound annual growth rate (CAGR) of 15.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Medical Services/Equipment Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The next five years are expected to bring double-digit revenue growth to the sleep service providers market in the United States, despite the fact that it is facing increasing saturation. Sleep disorders are acquiring increasing importance within the medical community due to their obvious impact on long-term health.

“Awareness of sleep disorders is increasing, with the medical community adding them to its list of conditions that should be routinely tested for in patients,” remarks Frost & Sullivan Industry Analyst Katherine Shariq. “The proper diagnosis and treatment of sleep disorders among the aging baby boomer population is expected to strongly contribute to the double-digit growth projected over the next five years.”

New analysis from Frost & Sullivan (healthcare.frost.com), U.S. Sleep Service Provider Markets, reveals that the total market generated revenue of $1,631 million in 2004 and expects to reach $4,436 million in 2011 at an estimated compound annual growth rate (CAGR) of 15.4 percent.

If you are interested in a virtual brochure, which provides manufacturers, end-users and other industry participants an overview of the latest analysis of the U.S. Sleep Service Provider Markets, – then send an email to Melina Gonzalez- Corporate Communications at melina.gonzalez[.]frost.com with the following information: your full name, company name, title, telephone number, fax number and email. Upon receipt of the above information, an overview will be sent to you via e-mail.

Accreditation is likely to play a deciding role in the growth of this market. Currently, the Joint Commission of Accreditation of Healthcare Organizations (JCAHO), which ensures that facilities provide safe treatment to their patients, governs almost all hospitals.

Sleep providers – both hospital-based and independent facilities – are eligible to apply for sleep testing accreditation through the American Academy of Sleep Medicine (AASM).

While many of the hospital-owned facilities and practice-based labs are AASM accredited, a large number of independent sleep facilities are neither accredited nor planning to become certified. The same holds true for all contract-operated, hospital-based facilities.

Although certification is still optional, many insurance companies are exerting pressure on market participants to get certified in an attempt to ensure that facilities maintain high standards in providing treatment. As an incentive, they have started offering higher reimbursements to accredited facilities, and in some cases, even denying claims from nonaccredited ones.

“Should physicians and insurance companies push to have patients seen only at accredited facilities, the expansion of the market would be severely hampered,” notes Shariq. “In such a case, independently owned and operated facilities would be the hardest hit, since more than 50 percent of them are not accredited.”

These facilities are also at risk from the growing market maturation. As the market matures, an increasing number of hospitals are beginning to manage their sleep services on their own, rather than contract them to external companies. If that happens, it is likely to be a big blow to small, independently owned sleep service companies that manage virtually all contract-operated, hospital-based sleep labs.

To address this challenge, such independent companies could consider expanding existing operations beyond traditional services to create new income sources. For some of these facilities, offering therapeutic devices as an option has helped augment revenues, while for others expanding operations to include clinical research has served this purpose.

U.S. Sleep Service Provider Markets, part of the Patient Monitoring subscription, service is among the first studies to attempt to determine the actual state of the sleep service providers market.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Medical Services/Equipment Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Medical Services/Equipment articles,
CATCH Visitors via Your Competitors Announcements!


Double-Digit Growth Projected for Sleep Service Provider Markets

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Melina Gonzalez - Frost.com 
210-247-2440 melina.gonzalez[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Medical Services/Equipment via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Medical Services/Equipment Most Recent Related Newswires:

MDxHealth Announces Service Agreement with Kaiser Southern California Permanente Medical Group
Frost & Sullivan Lauds CytoSorbents for Leading the Critical Care Immunotherapy Segment with its Novel Blood Purification Solution, CytoSorb®
MVZ Dr. Stein & Kollegen First German Medical Laboratory to Offer the SelectMDx for Prostate Cancer Test
Datalogic Announces New Healthcare Memor X3 HC Mobile Computer
Neuronix Ltd Announces the First Group of Mild to Moderate Alzheimer Patients to be Successfully Treated by The NeuroAD™ Therapy System
SelectMDx to be Distributed Across Middle East by IPS Genomix
GE Healthcare Partners with Oritain to Introduce Independent Test to Confirm Country of Origin of Fetal Bovine Serum
Saebo, Inc. Awarded Patent for Low-Profile Stroke Recovery Glove
GE Healthcare and HeartFlow Announce Global Cardiovascular Collaboration
Insulin Delivery Devices Market Size to Expand at 7% CAGR through 2020 Says PMR
Intubation Market Significant Profits Estimated to be Generated by 2025 Says Persistence Market Research
PMR Releases Report for Next Generation IV Infusion Pumps Market Impact of Existing and Emerging Market 2017-2025
Medical Tapes Market to Reach US$ 2Bn by 2024 Reports PMR
Global Pyrogen Testing Market Value Expected to Increase to US$ 1.37 Billion by 2024 Says PMR
Huber Needles Market Expected to Reach US$ 55M by 2024 According to PMR

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  S&A Capital Partner Ltd





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)