openPR Logo
Press release

The Sleep Aids Market to Witness a Sea Alteration Based On Digitization

02-25-2022 11:21 AM CET | Health & Medicine

Press release from: Persistence Market Research

The Sleep Aids Market to Witness a Sea Alteration Based

As per Persistence Market Research's latest revised industry analysis, the global sleep aids market was valued at over 24.6 Bn in 2020, and is expected to exhibit a CAGR of close to 4.5% over the forecast period (2021-2031).

Increasing prevalence of sleep-related disorders, changing lifestyles, obesity, and increasing aging population, together with technology advancements with the launch of innovative devices are some of the factors driving demand for sleep aids.

How About Looking Through The Sample Of Sleep Aids Market Report? https://www.persistencemarketresearch.com/samples/2832

Increasing demand for sleeping pills due to modern lifestyles is one of the major factor driving demand for sleep aids. Stressful pace of life is found to be the main characteristic of modern lifestyle, thus increasing the incidence of sleep-related disorders. According to the Centers for Disease Control and Prevention (CDC) 2020 report, one-third of the U.S. population gets less than the recommended amount of sleep on a regular basis.

Company Profiles:

ResMed Inc.
Koninklijke Philips N.V.
Merck & Co. Inc.
Drive DeVilbiss Healthcare LLC
GlaxoSmithKline Plc.
Fisher & Paykel Healthcare Limited
Sanofi SA
Pfizer Inc

How About Step-By-Step Insights To Sleep Aids Market? Look Through The "Methodology" Employed! https://www.persistencemarketresearch.com/methodology/2832

Key Takeaways from Market Study

By product, mattresses and pillows, chin straps, mouth pieces, and nasal devices will hold a market share of 72.5% in 2021, expanding at a CAGR of around 4.3% over the forecast period.
By indication, insomnia is expected to hold well over 35% market share in 2021, and is expected to continue growing at a moderate rate over the forecast period.
By distribution channel, the e-Commerce and others segments together holds more than 50% market share, and are expected to continue a similar trend through the forecast period.
By region, North America held the highest share in the global market in 2020, with the market expanding at a CAGR of nearly 4%.

"Growing incidence of sleeping disorders and rising need for technologically advanced products for their treatment are expected to drive market growth over the forecast period," says an analyst of Persistence Market Research.

Want To Keep A Tab On The Latest Findings In The Sleep Aids Market? Purchase Our Sleep Aids Market Report Now! https://www.persistencemarketresearch.com/checkout/2832

Market Competition

New product launches and acquisitions have emerged as a key growth strategy adopted by some of the leading manufacturers of sleep aids. By focusing on these strategies, key stakeholders are expanding their geographic footprints and strengthening their existing product portfolios.

04-Feb-2020, Merck & Co/MSD claimed FDA approval for a new use of its insomnia drug Belsomra, treating sleep disruption in people with mild-to-moderate Alzheimer's disease.
In January 2019, GSK announced that it completed the acquisition of Tesaro for approximately US$ 5.1 Bn.
In 2018, Philips acquired NightBalance, a digital health company in the Netherlands, which has developed an innovative, easy-to-use device to treat positional obstructive sleep apnea and positional snoring.
In August 2017, Sanofi S.A. announced the acquisition of Protein Sciences, a vaccines biotechnology company based in Meriden, Connecticut, in the United States.

Complete Report Details@ https://www.persistencemarketresearch.com/market-research/sleep-aids-market.asp

What Does the Report Cover?

Persistence Market Research offers a unique perspective and actionable insights on the sleep aids market in its latest study, presenting historical demand assessment of 2016 - 2020 and projections for 2021 - 2031.

The research study is based on product (drugs {insomnia treatment drugs [doxepin hydrochloride, eszopiclone, ramelteon, triazolam, zaleplon, quazepam, and others], narcolepsy treatment drugs [modafinil, sodium oxybate, armodafinil, and others]}, devices {CPAP devices, BIPAP devices, and APAP devices}, others {mattresses & pillows, chin straps, nasal devices and mouthpieces}), by indication (insomnia, sleep deprivation, narcolepsy, sleep apnea, and others), and distribution channel (hospital pharmacies, retail pharmacies, e-Commerce, drug stores, and others), across five key regions of the world.

Related Reports:

Hearing Protection Devices Market - https://www.persistencemarketresearch.com/market-research/hearing-protection-devices-market.asp

Dysphagia Diet Thickening Agents Market - https://www.persistencemarketresearch.com/market-research/dysphagia-diet-thickening-agents-market.asp

Contact Us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

About Us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Sleep Aids Market to Witness a Sea Alteration Based On Digitization here

News-ID: 2564133 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Sleep

Sleep App Market Future Business Opportunities 2025-2032 | Sleep Cycle, Sleep As …
Global sleep app market was valued at US$ 1,074.1 Mn in 2025 and is expected to reach US$ 2,788.1 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 14.6% from 2025 to 2032. The qualitative latest Research report (2025-2032) on the Sleep App Market by Coherent Market Insights Provides a deep dive into key market trends, drivers, challenges, and the competitive landscape. It analyzes market size, revenue, production, and
Global Sleep App Market Booming Growth Opportunities to 2032 | Sleep Cycle, Slee …
Global sleep app market was valued at US$ 1,074.1 Mn in 2025 and is expected to reach US$ 2,788.1 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 14.6% from 2025 to 2032. Latest Qualitative Research Report on the Global Sleep App Market Size 2025, published by Coherent Market Insights, provides valuable insights into both regional and global markets projected to grow in value from 2025 to 2032. The
Sleep App Market Future Business Opportunities 2025-2032 | Sleep Cycle, Sleep As …
The Latest study titled Sleep App Market 2025, published by Coherent Market Insights, provides valuable insights into both regional and global markets projected to grow in value from 2025 to 2032. The comprehensive research delves into the evolving market dynamics, value chain analysis, prominent investment areas, competitive landscape, regional outlook, and key market segments. It also offers a thorough assessment of the global market's drivers and constraints. Additionally, the report
Sleep App Market Is Booming Worldwide 2024-2031 | Sleep Cycle, Sleep As Android, …
Sleep App Market Trends Overview 2024-2031: A new Report by Coherent Market Insights, titled "Sleep App Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Sleep App market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. This report has a complete table of contents, figures, tables, and charts, as well as insightful
Sleep App Market Future Business Opportunities 2024-2031 | Sleep Cycle, Sleep As …
Global sleep app market was valued at US$ 1,070.9 Mn in 2023 and is expected to reach US$ 2,755.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031. The Latest research report on the Sleep App Market 2024 provides a comprehensive analysis of the current market landscape, with forecasts extending to 2031. This study combines qualitative and quantitative insights to highlight significant market developments,
Sleep App Market Generated Opportunities, Future Scope 2024-2031 | Sleep Cycle, …
A new study titled Sleep App Market 2024, published by the Coherent Market Insights, offers information on regional and global markets that is expected to increase in value between 2024 and 2031. The extensive research offers important visions into the market's shifting dynamics, value chain analysis, well-known investment hotspots, competitive scenarios, regional landscape, and major segments. It also offers a whole analysis of the controls and restraints for the worldwide