Global Sleeping Aids Market: Market Segments: By Product Type (Mattresses and Pillows, Sleep Laboratory Services, Medication, Sleep Apnea Devices); By Sleep Disorder (Insomnia, Sleep Apnea, Restless Legs Syndrome, Narcolepsy, Sleep Walking); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Pills and medical equipment used in the diagnosis and treatment of sleep disorders are sleep aids. Different items such as drugs, sleep labs, sleep apnea machines, and mattresses & pillows consist of sleep aids. In general, medicines include drugs that help promote sleep by restricting central nervous system behaviors. Sleep is a biological necessity that maintains metabolic homeostasis, affects and controls immune function, memory and other cognitive functions.
Global Sleeping Aids Market is expected to project a notable CAGR of XX.X% in 2030.
Global Sleeping Aids Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. Increased consumer disposable income, combined with growing public perception of the adverse effects of sleep disorders, would increase the market size of sleep aids over the projected period. In addition, sleep disorders, such as cardiovascular diseases and diabetes, may adversely affect human health and cause chronic diseases.
Global Sleeping Aids Market: Segments
Mattresses and Pillows Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Sleeping Aids Market is segmented by product type into Mattresses and Pillows, Sleep Laboratory Services, Medication, Sleep Apnea Devices. Increased consumer disposable income, combined with growing public perception of the adverse effects of sleep disorders, would increase the market size of sleep aids over the projected period. In addition, sleep disorders, such as cardiovascular diseases and diabetes, may adversely affect human health and cause chronic diseases. The above factors would provide lucrative growth for the demand for sleep aids in the coming years. Growing occurrence of sleep disorders such as chronic insomnia, obstructive sleep apnea, narcolepsy will also stimulate business growth in the coming years with global sleep aids.
Global Sleeping Aids Market: Market Dynamics
Growing Prevalence of Insomnia
Growing incidence of sleep disorders such as chronic insomnia, obstructive sleep apnea and narcolepsy would stimulate global sleep development. Sleeping aids are involved in insomnia and OSA treatment, which in turn is driving the growth of the global market for sleeping aids.
High cost of Sleeping Aids products
Another main factor for the global sleeping aids market is the increasing adoption of wearable tracking devices and sensors. These instruments record and distribute data concerning different physiological circumstances. Sensor-equipped systems perform different purposes, such as tracking sleep disorders and assessing the quality of sleep.
Global Sleeping Aids Market: Regions
Global Sleeping Aids Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Sleeping Aids Market in North America held the largest market share of XX.X% in the year 2018 due to increased prevalence of sleep disorders, increased spending on health services, enhanced facilities for healthcare, and efforts and funding from public and private organizations to raise awareness of sleep hygiene and disorders. Due to the high consumption rate of sleeping pills, low production costs of related goods, increased geriatric population, and widespread sleeping disorder burden, APAC is projected to be the fastest-growing area in the sleeping aids industry.
Global Sleeping Aids Market: Key Players
• Koninklijke Philips N.V
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Acelity L.P. Inc. (Kinetic Concepts, Inc.)
• Merck & Co. Inc.
• Pfizer Inc.
• SleepMed Inc.
• Cadwell Industries Inc.
• Natus Medical Incorporated
• Drive DeVilbiss Healthcare
• Takeda Pharmaceutical Company Limited
• Compumedics Limited
• Tempur Sealy International Inc.
• GlaxoSmithKline plc
• Serta Simmons Bedding LLC
Global Sleeping Aids Market report also contains analysis on:
Global Sleeping Aids Market Segments:
By Product Type:
• Mattresses and Pillows
• Sleep Laboratory Services
• Sleep Apnea Devices
By Sleep Disorder:
• Sleep Apnea
• Restless Legs Syndrome
• Sleep Walking
• Global Sleeping Aids Market Dynamics
• Global Sleeping Aids Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints