Global Sleep Aids Market Analysis


  • Type: Common Disease Area
  • Published : March 2021
  • Region: Worldwide
  • Country: Other
  • Report ID : 151

  • Format: PPT, PDF

Global Sleep Aids Market: Segmented by Products (Mattresses & Pillows, Sleep Laboratories, Medications and Sleep Apnea Devices), by Medication Type (Prescription-based Drugs, OTC Drugs and Herbal Drugs), and by Region (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa) – Growth, Trends and Forecast, 2019-2028


Report Overview

The global sleep aids market size stood at around USD 63.11 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Sleep aids are mainly to help people who are suffering from sleeping disorders. These are the medications or herbs which allow a person to get rest. Sleep aids will block some brain chemicals, making a person sleep, while some medicines will later change the body’s natural circadian rhythms. As sleep is the most common thing for health factors and enables many organs to function healthy, the use of sleep aids will tend to reduce long term health disorders. Herbs and natural compounds included in natural remedies also play a crucial role in maintaining a healthy sleep cycle for a person.

Market Drivers

Changes in lifestyles and a rise in the number of people with no rest in day-to-day life are a major driving factor for the market to grow. Shifting trends to maintain a healthy lifestyle by maintaining a good sleep cycle is lavishing this market’s demand to the extent. The increasing geriatric population also propels the sleep aids market. Nowadays, people are experiencing many health disorders due to lack of proper sleep, which may be due to hectic works, stress, and others, which is also an attribute accelerating the demand of the global sleep aids market.

Market Restraints

However, fluctuations in raw materials’ availability, mostly natural products, are slowly degrading the market demand. The rise in the number of patients with side effects due to long term use of these medications has remained challenging for the market. Besides, lack of complete knowledge over the dosage forms while manufacturing the products in undeveloped countries inhibits the demand of the sleep aids market. Stringent rules and regulations by the government on pharmaceutical companies may also impact negatively on the growth rate of the sleep aids market.

Major Sleep Disorders

The major sleep disorders include insomnia, sleep apnea, restless legs syndrome, narcolepsy and sleep walking.

Based on sleep disorder, the insomnia segment accounts for a significant share globally in the sleep aids market during the forecast period. 10 % to 30% of adults and up to 50% to 60% suffer from insomnia annually, according to a study published by the International Journal of Contemporary Medical Research (IJCMR). The incidence of insomnia in people is increasing majorly due to work stress, depression, anxiety disorders, excessive smoking, and alcohol consumption.

The sleep apnea segment remains the fastest-growing segment than other sleep disorders due to the growing aging population, who are more vulnerable to sleep apnea disorders, growing developments in the manufacturing processes, and existing market economies.

The sleepwalking and restless Legs Syndrome segment are forecasted to have prominent growth during the forecast period. Increasing sleepwalking and restless syndrome cases have covered the way for the inflow of voluminous growth in the sleep aids market globally.

1. Global Sleep Aids Market Overview……………………………………………………………….
A. Market Size
2. Market Growth Drivers and Restraints…………………………………..……………….
A. Market Drivers
B. Market Restraints
3. Major Sleep Disorders…..…………………………………..…………….………….
A. Insomnia
B. Sleep Apnea
C. Restless Legs Syndrome
D. Narcolepsy
E. Sleep Walking
4. Neurologic Disorder Therapeutics Market Segmentation……………………………….
A. By Products
I. Mattresses & Pillows
II. Sleep Laboratories
III. Medication
IV. Sleep Apnea Devices
B. By Medication Type
I. Prescription-based Drugs
II. OTC Drugs
III. Herbal Drugs
C. By Geography
I. North America Market Analysis
II. Europe Market Analysis
III. Asia Market Analysis
IV. Middle East and Africa Market Analysis
V. Latin America Market Analysis
5. Sleep Aids Major Market Share………………………………..
A. Key Findings
B. Market Analysis, Insights and Forecast
6. Competitive Landscape………………………………………………………….………..
A. Major Players
B. Mergers and Acquisitions
7. Key Company Profiles…………………………………………………………………….
A. Sanofi Company overview, Product & Services, Strategies & Financials
B. Merck & Co. Company overview, Product & Services, Strategies & Financials
C. Pfizer Company overview, Product & Services, Strategies & Financials
8. Potential Market Opportunities………………….….…………………………………..
A. Technological Advancements in Sleep Aids
B. Increase in Awareness about Sleep Disorders
9. Factors Driving Future Growth…………………………………………………………..
A. Key Industry Developments
10. Conclusion

Market Segmentation

By Products:

On the basis of product, sleep aids market is segmented into mattresses & pillows, sleep laboratories, medication and sleep apnea devices.

Based on the product, the mattresses and pillows segments are expected to continue leading the sleep aids market in the coming years. The segment is majorly driven by the wide features such as comfortable, conformity, accessibility of different products, and relatively cheap. Also, increasing awareness regarding the health advantages of quality sleep amid the rise in population, which in turn accelerating the Sleep aids market growth globally during the assessment period.

By Medication Type:

On the basis of medication type, the sleep aids market is segmented into prescription based drugs, OTC drugs and herbal drugs. The prescription drugs hold the largest share in the market. People suffering from lack of sleep and sleep disorders are increasing across the globe, which is anticipated to fuel the demand of the market.

By Region:

Geographically, the global sleep aids market was dominated by North America, with an overall market share of over 50% globally. Europe and Asia-Pacific followed North America. Asia Pacific is expected to exhibit a CAGR of almost 6.9% against North America’s CAGR of 5.9% over the coming years.

North America is holding the highest shares of the market due to the quick adoption of the latest technologies. Focus on developing new techniques with herbs and natural products with fewer or no side effects is gaining traction over the market shares.

Europe is positioned next to North America in ruling with dominant shares of the sleeping aids market. An increasing number of sleep apnea cases across the region is eventually making the market to grow. Also, creating awareness over the availability of different treatment procedures for sleep disorders boosts the market demand in this region.

Asia Pacific is expected to hit the highest CAGR in the coming years. The rise in the consumption rate of tobacco and alcohol is leveraging the market demand in this region. India and China are major countries contributing to the largest shares of the sleep aids market.

Top Major Players

Some of the key market participants leading the global sleep aids market profiled in this report are Sanofi, Merck & Co, Pfizer, Koninklijke Philips N.V. (Philips), GlaxoSmithKline Plc, Care Fusion Corporation, Cadwell, SleepMed, Natus Medical Manufactures, and DeVilbiss Healthcare LLC.

Research Methodology

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The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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