Sleeping Aids – A Global Market Overview

Sleeping Aids – A Global Market Overview

Report Synopsis

The COVID-19 pandemic that struck the world towards end-2019 and beginning-2020 left a telling adverse impact on several sectors, though the Sleeping Aids market was able to maintain some semblance of equanimity. One of the most critical outcomes of the pandemic was the widespread announcement of lockdowns across the globe, due to which people were compelled to work from home and several individuals also lost their jobs, as companies resorted to cost-cutting measures to maintain some level of profitability in business. These factors have played a crucial in altering what can be called the human psyche, leading to more and more events of insomnia/sleeplessness among people.

Disorders in sleep can have serious consequences for a person’s health, safety and quality of life, along with playing havoc with cognitive wellbeing. A number of sleep disorders have been identified and researched upon, the prominent ones among which include insomnia, sleep apnea, restless legs syndrome, narcolepsy and sleepwalking. The growing prevalence of such conditions has been instrumental in propelling the demand for Sleeping Aids products and services, which comprise Mattresses & Pillows, Medications, Sleep Apnea Devices and Sleep Laboratories. Medications is estimated the largest product type of Sleeping Aids market in 2021 worth US$26.6 billion and forecast to be US$28.4 billion in 2022.

Research Findings & Coverage
• The market for Sleeping Aids, globally, analyzed in this report with respect to product types and sleep disorders
• Market size of Sleeping Aids is estimated in this report by product types and sleeping aids across all major countries
• Changing Consumer Preferences Dictating Market for Mattresses, Emphasis More on Eco-Friendly products
• Innovative Pillows for Refreshing Sleep Gaining Ground
• Machine Learning Used by Wearable Patch for Detecting Sleep Apnea
• Technology for Identifying and Characterizing Postural-Dependent Obstructive Sleep Apnea
• Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
• Major companies profiled – 33
• The industry guide includes the contact details for 122 companies

Product Outline

The market for key product types of Sleeping Aids studied in this report comprise the following:
• Mattresses & Pillows
• Medications
o Herbal Remedies
o Prescription Drugs
o Over-the-Counter (OTC) Drugs
• Sleep Apnea Devices
• Sleep Laboratories

The report analyzes the market for the following major sleep disorders:
• Insomnia
• Narcolepsy
• Restless Legs Syndrome
• Sleep Apnea
• Sleepwalking

Analysis Period, Units and Growth Rates
• This report reviews, analyzes and projects the global Sleeping Aids market for the period 2018-2027 in terms of market value in US$ and the compound annual growth rates (CAGRs) projected from 2022 through 2027.

Geographic Coverage
• North America (The United States, Canada and Mexico)
• Europe (France, Germany, Italy, the United Kingdom and Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific)
• Rest of World