Sleep Aids Market, Industry Trends, Size, Competitive Analysis and Forecast 2019-2025

The global sleep aid market is expected to grow at a CAGR of 6.1% during 2018-2023, owing to various pivotal factors such as rising geriatric population and increasing incidences of sleep disorders. Increasing incidences of lifestyle diseases are also stimulating the market growth positively. Furthermore, excessive usage of digital devices is also expected to boost market growth during the forecasted period.

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However, patient safety concerns and risks of side effects of sleep disorder medication such as dizziness, diarrhea, constipation, daytime drowsiness are some of the inhibiting factors in this market. With rapidly ageing population, North America leads the market due to rising healthcare investments and government initiatives are fuelling the growth of Sleep Aid Market in this region.

However, APAC is expected to be the fastest growing market owing to increasing healthcare expenditures and increasing patient awareness.
Global rise in awareness about sleep disorders and easy availability of sleep aid devices are expected to create significant scope for global sleep aid market. Untapped regions such as China, Japan, Korea and India are expected to create massive opportunity for global sleep technology market.

The demand for global sleep aid market by product are expected to increase significantly due to growing online sales and rising internet penetration across the globe. Technological advancement and innovation in sleep aid market is expected to boost the market growth. Global Sleep Aid market players such as Apnex Medical, Cadwell Laboratories, GE Healthcare, Glaxosmithkline Plc, Koninklijke Philips, Merck & Co., Pfizer, Sanofi, Sleepmed, Takeda Pharmaceutical Company and Teva Pharmaceutical are contributing significantly into the growth of the sleep aid market.

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Global Sleep Aid Market Segmentation

By Sleep Disorder
o Insomnia
o Sleep Apnea
o Narcolepsy
o Sleep Walking
o Restless Legs Syndrome

By Products
o Sleep Laboratories
o Specialty Mattresses And Pillows
o Medication
o Prescription Based Drugs
o OTC Drugs
o Herbal Drugs

o Sleep Apnea Devices
o Diagnostic Devices
o Therapeutic Devices

Company Profiles
o Apnex Medical
o Braebon Medical
o Cadwell Laboratories
o Carefusion Corporation
o Compumedics
o Devilbiss Healthcare Llc
o Fisher & Paykel Healthcare
o Ge Healthcare
o Glaxosmithkline Plc
o Invacare Corporation
o Koninklijke Philips
o Merck & Co.

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