Indian OTC Sleep Aid Products Market Analysis


  • Type: Common Disease Area
  • Published : April 2021
  • Region: Asia
  • Country: India
  • Report ID : 1412

  • Format: PPT, PDF

Indian OTC Sleep Aid Products Market: Segmented by Types (CPAP, Sleep Medication Machine Masks & Humidifiers) – Growth, Trends & Forecasts (2019-2028)

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Report Overview

Indian OTC Sleep Aid Products is expected to grow from USD XX Billion in 2019 to USD XX Billion by 2028, at a Compound Annual Growth Rate (CAGR) of XX% during the forecast period.

The prevalence rates of OSA in adults ranges between 3-27% in total in India. The prevalence in men ranges between 3-28% while estimations are nearly half as 2.2-16% in women through large-scale epidemiological studies conducted in different countries including India. Advanced sleep tech devices are majorly used for monitoring and enhancing sleep specifically for individuals suffering from insomnia, narcolepsy, and sleep apnea. Technologically upgraded sleep tech devices including head belts, rings, wearable smart watches, and sleep pads are available in the market. Technological advancements such as development of advanced sleep tech beds, rings coupled with rising government funding in several countries will escalate the sleep tech devices market growth.

Market Drivers

Growing incidences of unhealthy sleeping habits among many individuals due to work stress and over usage of smartphones at nights especially people between the ages of 15 to 30 is anticipated to boost the demand of the market and increase growth opportunities for the key players in India the sleep apnea devices market. Growing number of businesses entering the market for sleep apnea and oral equipment is the vital factor accelerating the market growth, also technological innovations in devices for sleep apnea, large pool of undiagnosed sleep apnea patients, rising usage of oral appliances and considerable venture capital funding are the major factors among others driving the sleep apnea devices market. Moreover, rising demand for home healthcare and rising focus on telemedicine and mhealth will further create new opportunities for sleep apnea devices market in the forecasted period.

Types of Sleep Disorders

The major sleep disorders are Obstructive sleep apnea (OSA), Central sleep apnea (CSA), Treatment-emergent central sleep apnea, Circadian rhythm disorders, Idiopathic hypersomnia, Insomnia, Narcolepsy. Sleep disorders are conditions that impair your sleep or prevent you from getting restful sleep and, as a result, can cause daytime sleepiness and other symptoms. There are more than 100 million Americans of all ages who are not getting an adequate amount of sleep.

1. Indian OTC Sleep Aid Products Market Overview…………………………………….
A. Market Size
2. Market Growth Drivers ………………………………………………………………….
A. Rise in Mental Health Issues
B. Growth in Sleeping Disorders due to Work Stress
3. Major Sleeping Disorders……………………………………………………………….
A. Obstructive Sleep Apnea (OSA)
B. Central Sleep Apnea (CSA)
C. Treatment-Emergent Central Sleep Apnea
D. Circadian Rhythm Disorders
E. Idiopathic Hypersomnia
F. Insomnia
G. Narcolepsy
4. OTC Sleep Aid Products Market Segmentation……………………………………….
A. By Type
II. Sleep Apnea Machine Masks
III. Humidifiers
5. Competitive landscape……………………………………………………………
A. Market Analysis, Insights and Forecast
B. Key Findings
6. Company Profile…………………………………………………………………
A. ResMed Company overview, Product & Services, Strategies
B. SomnoMed Company overview, Product & Services, Strategies & Financials
C. Omnisleep Company overview, Product & Services, Strategies & Financials
7. Emerging trends in OTC Sleep Aids Products……………………………………
A. Major Players
B. Products in Pipeline
8. Factors driving future growth……………………………………………………
A. Policy changes and Reimbursement scenario
9. Potential Market Opportunities………………………………………………………
A. New Trends and Development of OTC Sleep Aid Products Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Type:

The Market is segmented based on type into CPAP, Sleep Medication Machine Masks, Humidifiers and Others. A respiratory mask is used by the patients of sleeping disorders such as sleep apnea, generally called sleep Medication machine masks. It is used with CPAP machines to inhale pressurized air. Patients with Medication wear a CPAP mask during the night as per their convenience. Therapeutic Devices held the largest market share in 2019 owing to the adoption of technologically advanced products for the treatment of sleep apnea.

 Major Players

The demand for sleep apnea devices are stemming from a consistent spread in the prevalence of sleep apnea. The major players Sleep Apnea Treatment Devices Market Glidewell, ResMed, BMC Medical Co., Ltd., Omnisleep, SomnoMed, Koninklijke Philips N.V. Omnisleep has introduced oral appliances in India for the treatment of snoring and sleep apnea. It also offers variety of alternative options for the treatment like ApneaRx, ZQuiet and Myerson EMA. For Example, ResMed is providing innovative solutions that treat and keep people out of the hospital, empowering them to live healthier, higher-quality lives, with the cloud-connected medical devices transform care for people with sleep apnea, COPD and other chronic diseases.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

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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We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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