According to a new report published by Allied Market Research, titled, “Sleep Aids Market by Product and Sleep Disorders: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global sleep aids market size was valued at $59,815.10 million in 2020, and is projected to reach $111,920.10 million by 2030, registering a CAGR of 6.9% from 2021 to 2030.
♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
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Key Findings of the Study –
- On the basis of product, the mattress & pillows segment held majority share in the global sleep aids market in 2020.
- On the basis of sleep disorders, the insomnia segment held largest sleep aids market share in 2020, and is expected to remain dominant throughout the forecast period.
- Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 9.2% during the forecast period.
The sleep aids market is segmented based on product, sleep disorder, and region. By product, the market is segmented into mattresses and pillows, sleep labs, medications and sleep apnea devices. The pharmaceutical sector is further divided into prescription drugs and over-the-counter (OTC) drugs. Depending on the sleep disorder, it is divided into insomnia, sleep apnea, restless legs syndrome, narcolepsy, sleep walking, and other sleep disorders. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of product, the global sleep aids market is segmented into mattresses and pillows, sleep labs, drugs and sleep apnea devices. The Mattresses & Pillows segment is the largest contributor to the global market in 2020 and is expected to dominate during the forecast period due to technological advancements in sleep aid devices, increase in sleep aid adoption of devices, increase of sleep disorders. such as insomnia, and the increase in the number of product launches is high and effective.
♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
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North America accounted for the largest share of the global sleep aids market in 2020 and is expected to remain dominant during the forecast period. This is due to the increase in sleep disorders such as sleep apnea, the proliferation of sleep aid devices, the availability of high-quality medical facilities and qualified medical professionals, the increasing number of R&D and the presence of significant of the main players and the increase in investment made by the government in the health system. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period. In addition, Japan and China are expected to grow at a high CAGR in the Asia Pacific sleep aid market, driven by better healthcare infrastructure, increasing medical equipment availability, regional R&D development, health care and technological change. advances in the field of sleep medicine.
Key Market Players –
Major key players that operate in the industry are Cadwell Industries, Inc. Compumedics Limited Drive DeVilbiss Healthcare Inc. GlaxoSmithKline Plc Merck& Co., Inc. Natus Medical Inc. Koninklijke Philips N.V. PFIZER, INC. Sanofi S.A. SleepMed Inc.
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
♦ 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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Frequently Asked Questions?
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