Global Sleeping Aids Market 2013-2018 & Forecast to 2023 - Market is Forecasted to Attain Revenue of $101.9 Billion
DUBLIN, Aug 8, 2018 /PRNewswire/ --
The "Sleeping Aids Market by Offering, by Sleep Disorder, by Geography - Global Market Size, Share, Development, Growth and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.
Global sleeping aids market is forecasted to attain revenue of $101.9 billion by 2023.
Growing prevalence of insomnia and obstructive sleep apnea (OSA) disorders, rising use of portable sleep apnea devices, increasing government support for start-up companies, growing healthcare facilities, surge in the demand for sleeping pills attributed to stressful modern lifestyle, and increasing geriatric population are the key factors driving the growth of the market.
Insights on market segments
Based on offering, the sleeping aids market has been categorized into mattress and pillows, sleep laboratory services, medication, sleep apnea devices and others. Sleep apnea devices are predicted to be the fastest growing product category in this market, witnessing CAGR of 7.4% during the forecast period. This growth is characterized by technology advancements and increasing number of OSA cases, globally.
The medication category is further classified into prescription drugs, over-the-counter drugs and herbal remedies. Among these, prescription drugs held the largest share in the sleeping aids medication market, with 65.7% share in 2017. Based on the sleep disorder, the sleeping aids market has been categorized into insomnia, sleep apnea, restless legs syndrome, narcolepsy, sleep walking and others. Among these, insomnia held the largest share in this market, with 31.2% contribution in 2017, mainly due to rise in the prevalence of the number of insomnia cases over the years.
Globally, key players in the sleeping aids industry are developing new devices and products for the treatment of sleeping disorders. For instance, in March 2018, Drive DeVilbiss Healthcare introduced the next generation Trotter Mobility Chair. The product offers parents and caregivers a lightweight, foldable alternative to heavier wheelchair-style mobility bases. The new generation Trotter features a padded seat and back upholstery at the same low price as the original version. New accessories include angle adjustable footplates, anti-tippers, contoured headwings, headrest extension, canopy, under-seat carrier and Poziform ankle positioners.
Some of the other players in sleeping aids industry are Sanofi, Merck KGaA, Koninklijke Philips N.V., Pfizer Inc., SleepMed Inc., Takeda Pharmaceutical Co. Ltd., Cadwell Laboratories Inc., Natus Medical Inc., and Compumedics Limited.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
Chapter 5. Global Market Size And Forecast
Chapter 6. North America Market Size And Forecast
Chapter 7. Europe Market Size And Forecast
Chapter 8. Apac Market Size And Forecast
Chapter 9. Latam Market Size And Forecast
Chapter 10. Mea Market Size And Forecast
Chapter 11. Competitive Landscape
Chapter 12. Company Profiles
- Sanofi
- Merck & Co. Inc.
- Koninklijke Philips N.V.
- Pfizer Inc.
- Sleepmed Inc.
- Cadwell Laboratories Inc.
- Natus Medical Incorporated
- Devilbiss Healthcare Llc
- Takeda Pharmaceutical Company Limited
- Compumedics Limited
- Tempur Sealy International Inc.
- Glaxosmithkline Plc
- Serta Simmons Bedding Llc
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