What are Factors Fuelling Progress of Sleeping Aids Market in Asia-Pacific? Key Companies are Sanofi, Pfizer, Sleepmed Inc, Natus Medical Incorporated, Drive DeVilbiss Healthcare, Takeda Pharmaceuticals (formerly Nycomed), Compumedics Limited - Official,

One of the major factors pushing the demand for sleeping aids across the world is the soaring disposable income of the people in several countries. This global hike in the disposable income has increased the purchasing power of individuals, which has, in turn, boosted the adoption of sleeping aids, in order to treat sleep-related disorders. As per the Organisation for Economic Co-operation and Development (OECD), the household disposable income in Denmark and Germany increased from 1.2% and 1.6%, respectively, in 2014 to 2.8% and 2.5% in 2016. Further, as per the World Bank, the global net national income per capita increased to $8,826.15 in 2017 to $7,210.233 in 2009.

Global Sleeping Aids Market Key Players are:
1- Sanofi
2- Pfizer
3- Sleepmed Inc
4- Natus Medical Incorporated
5- Drive DeVilbiss Healthcare
6- Takeda Pharmaceuticals (formerly Nycomed)
7- Compumedics Limited - Official
8- Tempur Sealy International
9- Serta Simmons Bedding, LLC

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As a result of the above factors, the global sleeping aids market value is predicted to increase from $69.5 billion in 2017 to $101.9 billion in 2023, with a CAGR of 6.5% during the forecast period (2018-2023). Sleeping aids are widely used in the treatment of sleep-related problems and disorders, such as sleep apnea, insomnia, restless legs syndrome, sleepwalking, and narcolepsy. Amongst these, the highest usage of these products was recorded in the treatment of insomnia in 2017, mainly due to the soaring prevalence of insomnia cases around the world.

The biggest rage currently being witnessed in the sleeping aids market is the rising demand for home sleep tests. These assessments are being widely conducted in order to track the patients' sleep pattern, either during a series of naps taken throughout the day or overnight sleep, which helps in the diagnosis of numerous related problems. There are several major insurance companies across the world which cover the costs of these tests, such as Blue Cross Blue Shield (BCBS), Centers for Medicare & Medicaid Services (CMS), Cigna Corporation, and Aetna Inc.

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Market Segmentation by 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)
o Others
o Others
Market Segmentation by Sleep Disorder
o Insomnia
o Sleep Apnea
o Restless Legs Syndrome
o Narcolepsy
o Sleep Walking
o Others

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