- Herbal Drugs
- Prescription-based Drugs
- Over-the-counter Drugs
- Sleep Apnea Devices
- Mattresses and Pillows
Global sleep aids market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2022 to 2028. Sleep aids market includes medical devices, drugs which enables induce sleep in patients with various sleep related disorders. The sleeping aids help in diagnosis and treatment of sleep disorders. Sleeping disorder affect the ability of individuals sleeping capacities. Most of the people undergo sleeping issues owing to stress and hectic schedules. A proper sleep is the one with no interruptions, which allows the body to experience natural sleep cycle. Sleep could be affected by various factors such as time taken to fall asleep, alcohol consumption prior to sleep, and duration of sleep. While some are caused owing to hereditary factors. The sleeping disorder leads to several chronic diseases such as diabetes, obesity and cardiovascular diseases. Sleep is a biological necessity that regulates immunological function, modulates memory and other cognitive functions, and maintains metabolic balance. Drugs and medical equipment used to diagnose and treat sleep problems such as sleep apnea and insomnia are known as sleep aids. Sleep disorders are characterised by a lack of quality sleep, which can be caused by medical issues, physical disruptions, environmental issues, or psychiatric illnesses. These sleep problems are likely to have a negative impact on human health and contribute to a variety of chronic diseases, including hypertension, diabetes, arthritis, and stroke. As a result, it is critical to treat and diagnose these problems as soon as possible.
Fastest Growing Market
Burgeoning the prevalence of sleep disorders is expected to drive the growth of sleep aids market. According to Centers for Disease Control and Prevention (CDC), around 49.2 million people with sleeping disorder in the year 2017. The increasing use of the caffeine, tobacco and alcoholic products is expected to enhance the growth of sleep aids market. The stressful lifestyle, high work pressures is expected to fuel the growth of market. However, the side effects associated with the intake of the sleeping pills on regular basis is anticipated to hamper the growth of sleeping aids market. The patent expiration of several drugs related with sleeping disorder is dampen the growth of sleep aids market.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.