Japan OTC Sleep Aid Products Market Analysis


  • Type: Common Disease Area
  • Published : January 2022
  • Region: Asia
  • Country: Japan
  • Report ID : 5034

  • Format: PPT, PDF

Japan OTC Sleep Aid Products Market Analysis: Segmented by Sleep Disorder, Product, Medication – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

SKU: 5034 Categories: ,

Report Description of the Japan OTC Sleep Aid Products Market Analysis

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Japan OTC Sleep Aid Products Market Analysis
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Japan OTC Sleep Aid Products  Market  Analysis
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Japan OTC Sleep Aid Products Market Analysis Executive Summary

Sleep Aids Market size is slated to grow significantly from 2021 to 2028 on account of rising number of sleeping disorders and growing obese population. The swiftly changing consumer lifestyles along with the scaling stressful working hours have led to the mount in several chronic conditions, followed by delayed diagnosis. The increasing intake of preventive and curative medicines coupled with the higher alcohol and tobacco consumption across Japan will influence the product demand.

Market Size and Key Findings

The Japan OTC Sleep Aid Products Market Analysis size stood at around USD xx billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

The demand for sleeping aids has been rising in the region due to high consumption of sleeping pills owing to changing lifestyle, growing awareness about sleep disorders and other related problems, long working hours, and growing aging population. Some of the sleeping aids products available in the market include mattress & pillow, sleep laboratories, medication, sleep apnea devices and others. Due to rising aging population in the region, more number of people have been dealing with sleep related problems, thus leading to increase in the sale of sleeping aids products.

Market Restraints

Side-effects associated with sleeping aid medications such as drug dependence and withdrawal symptoms are the some of the factors negatively impacting the demand of the sleeping aids products, thereby hindering the development of the market. Patent expiration of treatment pills for sleep disorders is another key factor that impedes the growth of the market.

COVID-19 impact on “Japan OTC Sleep Aid Products Market”

The COVID-19 pandemic led to a slight decline in the demand for sleep aids due to widespread financial distress, limited production, closure of manufacturing facilities to protect workers, transportation-related delays owing to travel restriction, and driver shortages. Quarantine measures made it difficult for freight service providers to keep freight moving smoothly. Major disruptions in the global supply chain impacted the market negatively.

Competitive Landscape

Key Players

Some of the other key players operating in the sleeping aids industry include Sanofi S.A., Koninklijke Philips N.V., GlaxoSmithKline PLC, Merck & Co. Inc., Teva Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Compumedics Limited, Becton, Dickinson and Company, Eisai Co., Ltd. and Drive Medical Ltd.

Products in Pipeline

  • In October 2016, Eisai Co., Ltd. announced the initiation of a Phase II clinical study of its internally-discovered oral dual orexin receptor antagonist lemborexant in patients with Irregular Sleep-Wake Rhythm Disorder (ISWRD) and mild to moderate Alzheimer’s disease (AD) dementia. Lemborexant is being jointly developed by Eisai and Purdue Pharma L.P.
  • In May 2019, Merck’s BELSOMRA (suvorexant) C-IV met primary efficacy endpoint in phase-3 trial for the treatment of insomnia in people with mild-to-moderate Alzheimer’s disease and dementia.

Notable Recent Deals

Sumitomo Mitsui Trust Bank extended its nine-hour minimum to all employees, including contract staff, in December 2016.

In Sept 2018, Tris Pharma acquired NextWave Pharmaceuticals (NextWave), a wholly-owned subsidiary of Pfizer Inc. The acquisition expanded Tris’ portfolio of products for the treatment of patients with ADHD.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

The Japanese government has set aside about ¥400 million for the year 2017 for an incentive program to encourage small and medium-sized companies to adopt minimum rest periods to ensure better productivity. All such initiatives by the governments in various countries in the region, eventually leads to the high demand of products in the sleeping aids market in the region.

1. Report Description of the Japan OTC Sleep Aid Products Market Analysis
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Japan OTC Sleep Aid Products Market Analysis Executive Summary
2.1 Japan OTC Sleep Aid Products Market Analysis – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of Japan OTC Sleep Aid Products Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 High consumption of sleeping pills
3.1.2 Growing awareness about sleep disorders
3.2 Market Restraints Analysis
3.2.1 Side-effects associated with sleeping aid medications
3.2.2 Patent expiration of treatment pills
3.3 Covid-19 Market Impact Analysis
4. Japan OTC Sleep Aid Products Market Segmentation
4.1 By Sleep Disorder:
4.1.1 Insomnia
4.1.2 Sleep Apnea
4.1.3 Restless Legs Syndrome
4.1.4 Narcolepsy
4.1.5 Sleep Walking
4.2 By Product:
4.2.1 Mattresses & Pillows
4.2.2 Medications
4.2.3 Sleep Laboratories
4.2.4 Sleep Apnea Devices
4.3 By Medication:
4.3.1 Prescription-based Drugs
4.3.2 OTC drugs
4.3.3 Herbal drugs
5. Japan OTC Sleep Aid Products Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives Sleep Aids Market
6.4 Notable recent deals in Sleep Aids Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers & Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Sanofi S.A. Company overview
Product & Services, Strategies & Financials
7.2 Koninklijke Philips N.V. Company overview
Product & Services, Strategies & Financials
7.3 Merck & Co. Inc. Company overview
Product & Services, Strategies & Financials
7.4 Teva Pharmaceutical Industries Ltd. Company overview
Product & Services, Strategies & Financials
7.5 GlaxoSmithKline plc Company overview
Product & Services, Strategies & Financials
7.6 Takeda Pharmaceutical Company Limited Company overview
Product & Services, Strategies & Financials
7.7 Eisai Co., Ltd. company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of Sleep Aids market
9.2 Future Opportunities
10. Strategic Recommendations

Japan OTC Sleep Aid Products Market Analysis Segmentation

By Sleep Disorders:

The sleep aids market is segmented into insomnia, sleep apnea, restless legs syndrome, narcolepsy, sleepwalking and other sleep disorders. Among these, the insomnia segment is anticipated to capture a significant market share due to rising prevalence of the disease.

By Product:

The sleep aids market is bifurcated into mattresses & pillows, medications, sleep apnea devices, and others. The mattresses & pillows is expected to see inclination driven by the rising developments in manufacturing techniques. The increasing consumer awareness pertaining to quality sleep has led to the growing need for convenience and compliance. The rising size of the geriatric population and the ease of access to a wide range of products will act as substantial factors for the industry expansion.

By Medications:

Sleep aids are primary pills and medical devices enabling a person affected with sleep disorders to fall asleep. The rising usage of OTC drugs and devices will also lead to the market progression.

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.

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