Sleeping Aids Market to Witness 7.1% CAGR During 2020–2030

iCrowdNewswire Oct 9, 2020 11:29 AM ET

The increasing incidence of obstructive sleep apnea and insomnia, surging geriatric population, ballooning number of healthcare centers, and soaring policies being implemented by the governments of various countries for supporting startups are the major factors propelling the advancement of the global sleeping aids market. As a result, the market will attain a valuation of $162.5 billion in 2030, demonstrating a CAGR of 7.1% from 2020 to 2030.

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Under the offering segmentation, the sleeping aids market is divided into sleep laboratory services, sleep apnea devices, medication, mattresses and pillows, and others. Out of these, the highest market share was held by the mattresses and pillows category during 2014—2019 (historical period). Moreover, this category will dominate the market in the future years. This is ascribed to the availability of numerous pillows and mattresses, made by north contract and local manufacturing companies at affordable prices for improving the quality of sleep.

The objective of this research includes;

Major factors driving the sleeping aids market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the sleeping aids market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
Major players operating in the sleeping aids market and their service offerings

Globally, the North American sleeping aids market is predicted to demonstrate substantial growth in the upcoming years, primarily because of the rising prevalence of sleep ailments, rapid technological advancements and innovations, increasing research and development (R&D) projects, and surging number of initiatives and measures being taken by many non-government organizations as well as the governments of various North American countries for creating public awareness about different sleep disorders and sleep hygiene.

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Some of the prominent sleeping aids market players are Merck & Co. Inc., Sanofi, Pfizer Inc., Koninklijke Philips N.V., Natus Medical Incorporated, SleepMed Inc., Takeda Pharmaceutical Company Limited, Drive DeVilbiss Healthcare, Cadwell Industries Inc., GlaxoSmithKline plc, Fisher & Paykel Healthcare Limited, Compumedics Limited, Serta Simmons Bedding LLC, BRAEBON Medical Corporation, SomnoMed Limited, BMC Medical Co. Ltd., Löwenstein Medical GmbH & Co. KG, Tempur Sealy International Inc., and ResMed Inc.

The research includes detailed analysis of;

Based on Offering

Mattresses and Pillows
Sleep Laboratory Services
Medication
Sleep Apnea Devices

Based on Sleep Disorder

Insomnia
Sleep Apnea
Restless Legs Syndrome (RLS)
Narcolepsy
Sleep Walking

More Reports of Life Sciences by P&S Intelligence

Sleep Apnea Devices Market- http://www.psmarketresearch.com/market-analysis/sleep-apnea-devices-market

Asia-Pacific Sleeping Aids Market – https://www.psmarketresearch.com/market-analysis/asia-pacific-sleeping-aids-market

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