South Korea Sleep Aid Market Analysis

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  • Type: Therapeutics Area
  • Published : June 2021
  • Region: Asia
  • Country: South Korea
  • Report ID : 4861

  • Format: PPT, PDF

South Korea Sleep Aid Market: Segmented By Sleep Disorder (Insomnia, Sleep Apnoea, Restless Leg Syndrome, Narcolepsy, Sleepwalking), By Product (Mattresses & Pillows, Sleep Laboratories, Medications, Sleep Apnoea Devices) and By Medication Type (Prescription Based Drugs, OTC Drugs, Herbal Drugs)- Growth, Trends and Forecasts (2019 – 2028)

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Report Overview

The South Korea sleep aid market size stood at around USD 2.68 billion in 2019 and is projected to reach xx billion by 2028, exhibiting a CAGR of around xx% during the forecast period.

Sleep is one of the important factors on which we spend a lot of time, a third of our lives. In particular, sleep is fundamentally involved in the recovery of mental and physical fatigue in daily life, so it is essential for smooth daily life. Sleep is a direct barometer that determines the quality of life, and how well you sleep is linked to a healthy life. However, Korea’s average sleeping time is still the lowest among OECD countries. In addition, the number of patients visiting the hospital due to sleep disorders is increasing rapidly every year.

These disorder cause irregular mental, physical, social, and emotional functions. Sleep disorders are treated by different treatment options as per the symptoms of the patients. Sleep aids are the drugs or medical devices that help a person to fall asleep.

Market Drivers

Rise in geriatric population in Korea and increase in prevalence of sleep disorders like insomnia are the primary market drivers. Increase in mental stress due to hectic life and unhealthy habits like use of caffeine, tobacco and alcohol are anticipated to further propel the growth of the sleep disorder treatment market. Furthermore, the surge in awareness is positively the market growth.

Side effects of the drugs used as sleep aids are the major restraints for this market.

 

 

1. South Korea Sleep Aid Market Overview…………………………..
A. Market Size
2. Market Growth Drivers……………………………………………………….
A. Increase in Mental Stress And Stressful Modern Lifestyle
B. Surge in Usage Of Caffeine And Alcohol
C. Rising Geriatric Population And Increasing Awareness About Sleep Disorders
3. Epidemiology of Sleep Disorders………………………………..
A. Prevalence
B. Incidence
4. Sleep Aid Market Segmentation………………………….
A. Sleep Disorder
I. Insomnia
II. Sleep Apnoea
III. Restless Leg Syndrome
IV. Narcolepsy
V. Sleepwalking
B. Product
I. Mattresses & Pillows
II. Sleep Laboratories
III. Medications
IV. Sleep Apnoea Devices
C. Medication Type
I. Prescription Drugs
II. OTC Drugs
III. Herbal Drugs
5. Sleep Aid Products Market Share………………………….
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. Huons Company Overview, Product & Services, Strategies & Financials
B. Sanofi Korea Company Overview, Product & Services, Strategies & Financials
C. Koninklijke Philips N.V Company Overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth……………………………………………………
A. New Trends and Development of Sleep Aid Market
B. Future Opportunities
10. Conclusion

 

Market Segmentation

By Sleep Disorder:

On the basis of sleep disorder market is segmented into insomnia, sleep apnoea, restless leg syndrome (RLS), narcolepsy, and sleepwalking.

By Product:

According to product market is segmented as mattresses & pillows, sleep laboratories, medications, and sleep apnoea devices.

By medication Type:

According to medication type the market is segmented as prescription-based drugs, OTC drugs and herbal drugs.

Top Players

In terms of market share, few of the major players are currently dominating the market some of them are Pfizer, GlaxoSmithKline, Sanofi Korea, Koninklijke Philips N.V, Dongkuk Pharmaceutical, Huons, and SK BioPharm.

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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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)

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