The Sleeping Aids Global Market Report 2023, provides comprehensive information on the sleeping aids market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global sleeping aids market size is expected to grow from $77.66 billion in 2022 to $83.45 billion in 2023, at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the sleeping aids market is expected to grow to $110.22 billion in 2027 at a CAGR of 7.2%.
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Product innovations are a key trend gaining popularity in the sleeping aids market. Major market players are developing new products to sustain their position in the sleeping aids market, such as wearable sleep aids. For instance, in March 2022, StimScience, a US-based company operating in sleeping aids launched the wearable sleep aid Somnee. This product is the first electronic sleep aid headband with personalized non-invasive brain stimulation that improves sleep quality and reduces overnight tossing and turning by more than one-third in a 1,500-night home pilot study.
The sleeping aids market is segmented:
1) By Product: Mattresses And Pillows, Sleep Laboratories, Medications, Prescription-based Drugs, OTC Drugs, Herbal Drugs, Sleep Apnea Devices
2) By Indication: Insomnia, Sleep Deprivation, Narcolepsy, Sleep Apnea, Other Indications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, E-Commerce, Drug Stores, Other Distribution Channels
North America was the largest region in the sleeping aids market in 2022.
The table of contents in TBRC’s sleeping aids market report includes:
1. Executive Summary
2. Sleeping Aids Market Characteristics
3. Sleeping Aids Market Trends And Strategies
4. Sleeping Aids Market – Macro Economic Scenario
5. Sleeping Aids Market Size And Growth
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26. Africa Sleeping Aids Market
27. Sleeping Aids Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sleeping Aids Market
29. Sleeping Aids Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- AstraZeneca Plc
- Cadwell Industries Inc
- Compumedics Limited
- CSL Limited
- Devilbiss Healthcare Pvt Ltd
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