Increasing Demand for Sleeping Pills Driving Sleeping Aids Market - Sanofi, Pfizer, SleepMed Inc, Natus Medical Incorporated, Drive DeVilbiss Healthcare, Takeda Pharmaceuticals (formerly Nycomed), Compumedics Limited - Official, Tempur Sealy International

In 2017, the global sleeping aids market reached a value of $69.5 billion and is predicted to register a 6.5% CAGR during the forecast period (2018-2023). The market is growing because of the surging geriatric population, increasing use of portable sleep apnea devices, surging demand for sleeping pills because of stressful modern lifestyle, increasing prevalence of obstructive sleep apnea and insomnia, and rising government support for startup companies. Sleeping aids are medical devices and medicinal drugs which help a person to fall asleep.

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On the basis of sleep disorder, the sleeping aids market is divided into sleep walking, insomnia, narcolepsy, sleep apnea, restless legs syndrome, and others (which include sleep breathing disorder, snoring, and nocturnal tooth grinding). The insomnia division accounted for the largest share of the market during the historical period (2013-2017) and is further expected to dominate the market during the forecast period. The highest CAGR of 7.2% is projected to be registered by the sleep apnea division during the forecast period because of growing prevalence of sleep apnea disorders and increasing geriatric population.

In terms of offering, the sleeping aids market is categorized into sleep apnea devices, mattresses & pillows, medication, sleep laboratory services, and others (which include ear plugs and eye masks). The mattresses & pillows category dominated the market during the historical period, contributing a revenue share of 42.2% in 2017, and is further projected to hold the largest share of the market during the forecast period, as they are the most commonly used sleeping aids. The sleep apnea devices category is predicted to grow at the fastest pace during the forecast period.

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Sleeping Aids Market Seggmentation
Based on Offering
o Mattresses and Pillows
o Sleep Laboratory Services
o Medication
o Prescription Drugs
o OTC Drugs
o Herbal Remedies
o Sleep Apnea Devices
o Positive Airway Pressure (PAP) Devices
o Facial Interfaces
o Oral Appliances
o Adaptive Servo-Ventilators (ASVs)
Based on Sleep Disorder
o Insomnia
o Sleep Apnea
o Restless Legs Syndrome
o Narcolepsy
o Sleep Walking
Geographical Analysis
o North America
o U.S.
o Canada
o Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Asia-Pacific (APAC)
o Japan
o China
o Australia
o Latin America (LATAM)
o Brazil
o Mexico
o Middle East and Africa (MEA)
o Saudi Arabia
o U.A.E
o South Africa

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