Indian OTC Sleep Aid Products Market Analysis

$3,500.00$7,500.00

  • 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)

Clear
SKU: 1412 Categories: ,

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
I. CPAP
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”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

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.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

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)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy this report, please complete the form below.

    We value your inquiry and offer free customization with every report to fulfil your exact research needs.

    This website is secure and your personal details are safe.



    This report addresses

    • Market intelligence to enable effective decision making
    • Growth opportunities and trend analysis
    • Competitive benchmarking
    • Historical data & forecasts
    • Regional opportunities

    Need more?

    • Speak to our analyst to know how this research was put together
    • Add more countries or regions as part of customisation
    • Understand how this report can have direct impact on your revenue

    Get a custom report based on your requirements