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Global Sleeping Aids Market (Size Of $61,798 Million in 2015) to Witness 6.3% CAGR During 2016 – 2022

June 2016

The global sleeping aids market was valued at $61,798.0 million in 2015, and it is expected to grow at a CAGR of 6.3% during the period 2016 - 2022. The global sleeping aids market is increasing, due to growing geriatric population and increasing awareness about sleep disorders by various organizations. Older people are more prone to sleep disorders, such as obstructive sleep apnea and insomnia. In addition, the lifestyle changes are leading to sleep disorder, due to the increased usage of caffeine, tobacco and alcohol. This has generated the demand for sleeping aids products. The long working hours and hectic work environment further hampers the quality of sleep, which is leading to an increased consumption of OTC drugs, thus encouraging the growth of the global sleeping aids market.

Explore Detailed TOC at: https://www.psmarketresearch.com/market-analysis/sleeping-aids-market

Among the various sleep disorders, the sleep apnea market segment is expected to witness the fastest growth in the global market during the forecast period. Among the various sleeping aids products, the mattress and pillows segment had the largest market size in the global market during 2015; however the sleep apnea devices segment is expected to witness fastest growth, at 6.9% CAGR during the period 2016 – 2022.

The information and data in the publication “Global Sleeping Aids Market Size, Share, Development, Growth and Demand Forecast to 2022” represent the research and analysis of data from various primary and secondary sources. The bottom-up approach has been used to calculate the global sleeping aids market size by sleep disorders and sleeping aids products. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with the authorities from leading companies of the concerned domain, to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

The various government and non-government organizations are taking initiatives to spread awareness about the importance of sound sleep and use of sleep aids products. The governments of various countries are taking initiatives to encourage the use of sleeping aids products, as these products help patients to reduce sleeping disorders. The increasing initiative to create awareness about the importance of adequate sleep and educating people about sleep disorders are also driving the growth of the global market.
However, the side effects of sleeping aids, such as headache, stomach ache, constipation and dry mouth, are hindering the growth of the global market. In addition, the patent loss of the major sleeping aids medications is also restraining the growth of the global market. The rural areas in the developing countries are providing ample opportunities for the growth of the global market. The increasing awareness about sleeping disorders and sleeping aids products (medications and sleep devices) in developing countries, such as China and Brazil, are laying significant opportunities for the growth of the global market. The Asian market is expected to witness fastest growth, growing at a CAGR of 6.6% during the period 2016 – 2022.

The key companies operating in the global sleeping aids market include Sanofi, Merck & Co., Pfizer Inc., Koninklijke Philips N.V, GlaxoSmithKline PLC, SleepMed Inc., Cadwell Laboratories Inc., Drive Medical Ltd., Natus Medical Incorporated, Takeda Pharmaceutical Company Limited, Compumedics Limited, CareFusion Corporation, and Teva Pharmaceutical Industries Ltd. 


By Sleep Disorders

  • Insomnia
  • Sleep Apnea
  • Restless Legs Syndrome
  • Narcolepsy
  • Sleep Walking
  • Others

By Products

  • Sleep Medication
    • Prescription Drugs
    • OTC Drugs
    • Herbal Drugs
  • Sleep Laboratories
  • Mattresses and Pillows
  • Sleep Apnea Devices
  • Others

By Geography

  • North America- The U.S., and Rest of North America
  • Europe- The U.K., Germany, France, and Rest of Europe
  • Asia- Japan, China, and Rest of Asia
  • Rest of the World (RoW) – Brazil, Australia and Others

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