US Sleep Aid Market Analysis

US Sleep Aid Market Analysis


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US Sleep Aid Market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Sleep Aid market is growing globally due to the global population growth, increased consumer awareness of portable sleep apnea devices, rapid adoption of sensors and wearable monitors, rising personal disposable income among the big companies, rising prevalence of sleep disorders, increasing awareness about the importance of healthy sleep, lifestyle changes leading to sleep disturbances, and the growing elderly population. Koninklijke Philips N.V., Itamar Medical Ltd., Natus Medical Incorporated, CONTEC MEDICAL SYSTEMS CO., LTD, ResMed, BMC Medical Co., Ltd., SomnoMed, Fisher & Paykel Healthcare Limited, Somnowell, Compumedics Limited, APEX MEDICAL CORP., Inspire Medical Systems, Inc., NIHON KOHDEN CORPORATION, DeVilbiss Healthcare LLC, nox medical, Advanced Brain Monitoring, Inc., Cleveland Medical Devices Inc., Braebon Medical Corporation, and Löwenstein Medical Technology GmbH + Co. KG are the key global market players in Sleep Aid Market.

ID: IN10USPH399 CATEGORY: Pharmaceuticals GEOGRAPHY: US AUTHOR: Vidhi Upadhyay

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US Sleep Aid Market Analysis Summary

US Sleep Aid Market is valued at around $32024.6 Mn in 2022 and is projected to reach $48407.3 Mn by 2030, exhibiting a CAGR of 5.3% during the forecast period 2023-2030.

Sleep is an essential biological process for maintaining metabolic homeostasis, recovering from physical activity, and regulating the function of the body's organs. The medications and equipment known as sleep aids are used to identify the most common sleep disorders. Therefore, a group of medications and medical tools that assist people in bettering their sleep patterns constitute natural sleep-enhancing aids. The insomnia segment is expected to hold a significant share of the market. Koninklijke Philips N.V., Itamar Medical Ltd., Natus Medical Incorporated, CONTEC MEDICAL SYSTEMS CO., LTD, ResMed, BMC Medical Co., Ltd., SomnoMed, Fisher & Paykel Healthcare Limited, Somnowell, Compumedics Limited, APEX MEDICAL CORP., Inspire Medical Systems, Inc., NIHON KOHDEN CORPORATION, DeVilbiss Healthcare LLC, nox medical, Advanced Brain Monitoring, Inc., Cleveland Medical Devices Inc., Braebon Medical Corporation, and Löwenstein Medical Technology GmbH + Co. KG are the key global market players in Sleep Aid Market.

Market Dynamics

Market Growth Drivers

Growth and expansion of healthcare business, global population growth, increased consumer awareness of portable sleep apnea devices, rapid adoption of sensors and wearable monitors, rising personal disposable income among the big companies, rising prevalence of sleep disorders, increasing awareness about the importance of healthy sleep, lifestyle changes leading to sleep disturbances, and the growing elderly population, surging prevalence of sleep-related disorders such as sleep apnoea and insomnia and existence of medical issues, physical disturbances, environmental problems, and psychiatric disorders are all contributing factors to market growth drivers.

Market Restraints

Side effects and dependency associated with sleep aid medications, regulatory restrictions, safety concerns, and the availability of alternative therapies or treatments. Shortage of skilled medical professionals. All these factors act as market growth restraints.

Competitive Landscape

Key Players

  • Koninklijke Philips N.V.
  • Itamar Medical Ltd.
  • Natus Medical Incorporated
  • CONTEC MEDICAL SYSTEMS CO., LTD
  • ResMed
  • BMC Medical Co., Ltd.
  • SomnoMed
  • Fisher & Paykel Healthcare Limited
  • Somnowell
  • Compumedics Limited
  • APEX MEDICAL CORP.
  • Inspire Medical Systems, Inc.
  • NIHON KOHDEN CORPORATION
  • DeVilbiss Healthcare LLC
  • Nox Medical
  • Advanced Brain Monitoring, Inc.
  • Cleveland Medical Devices Inc.
  • Braebon Medical Corporation
  • Löwenstein Medical Technology GmbH + Co. KG

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Market Segmentations For US Sleep Aid Market

By Product Type

  • Drugs
  • Devices
  • Others

By Indication

  • Insomnia
  • Sleep Deprivation
  • Narcolepsy
  • Sleep Apnoea
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • E-Commerce
  • Drug Stores
  • Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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Last updated on: 27 February 2024
Updated by: Riya Doshi

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