Sleep Aid Devices Market Sales to Top US$ 29,200 Mn with CAGR of 4.9% by 2026

Sleep Aid Devices Market 2022

The global Sleep Aid Devices Market is estimated to grow at the rate of 4.9% in the upcoming period, reaching US$ 29,200 Mn by the year 2026. Integration with virtual reality solutions is expected to rule the roost in the forecast period. Augmented reality could be used for accessing information as well as reports while handling patients or without having to leave their existing operations, that too, in a completely hands-free mode, through voice command, or making supportive data appear automatically. This would be the healthcare vertical in future.

According to the American Sleep Association, around 50-70 million adults in the U.S. are suffering from sleep disorders, 48.0% of the U.S. adults report snoring, and approximately 5.9 million U.S. adults were diagnosed with obstructive sleep apnea (OSA). In Latin America, the prevalence of OSA was 23.5% in 2013. Sleep aid devices are considered as useful tools for the treatment of sleep disorders.

Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/25411

According to the latest research by Persistence Market Research (PMR), the global sleep aid devices market is anticipated to account for over US$ 29,200 Mn, in terms of value, by 2026 end. The report on the sleep aid devices market further projects significant growth potential with CAGR at 4.9% through 2026.

Company Profiles:

ResMed Inc.
Fisher & Paykel Healthcare Limited
Drive DeVilbiss Healthcare LLC
Koninklijke Philips N.V.
Sleep Number Corporation
Responsive Surface Technology LLC
Eight Sleep Inc.
Simmons Bedding Company LLC
Electromedical Products International, Inc.
Kingsdown, Inc.
Ebb Therapeutics
Sleepace Inc.

Request for Methodology@ https://www.persistencemarketresearch.com/methodology/25411

Rising stress levels and the rapid increase in sleep disorders such as, insomnia, sleep apnea, restless legs syndrome, narcolepsy, and sleep deprivation have created a need for more advanced sleep aid devices. Various government and non-government organizations such as Circadian Sleep Disorders Network and American Sleep Apnea Association (ASAA) are conducting various awareness programs to increase awareness regarding the importance of ample sleep and usage of sleep aid devices.

The initiatives taken by sleep associations and government authorities are promoting the demand for sleep disorder treatment. This would result in an increasing wave of demand for sleep aid devices.

The rise in geriatric population is expected to contribute to the growth of sleep aid devices market. As per the NIH-funded Census Bureau report in 2016, around 8.5% of the world population was aged 65 or above and by 2050 this percentage is expected to grow to around 17%. The prevalence of several lifestyle diseases such as atherosclerosis, heart disease, stroke, obesity, type 2 diabetes, and diseases associated with smoking, alcohol and drug abuse is rising globally. The rise in geriatric population and other lifestyle-related diseases is consequently expected to impact the growth of the sleep aid devices market in a positive way.

Disposable income in developing economies is increasing, as a result, people are opting for safe and advanced sleep aid devices. Moreover, due to the rise in disposable income, people now can afford the high-cost devices. Such favorable conditions have provided an excellent growth opportunity for the manufacturers of sleep aid devices to connect with potential customers.

Persistence Market Research (PMR) has segmented the sleep aid devices market based on product type, indication, end user, and region.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/25411

The product type segment of the sleep aid devices market is segmented into Positive Air Pressure Devices, Adaptive Servo-Ventilation (ASV) Devices, Mattresses and Pillows, Smart Sleeping Equipment, and Other Sleep Solutions. Smart sleeping equipment are technologically-advanced sleep aid devices, which track sleep and give information about the quality of sleep a person had with the help of a mobile application.

Along with sleep data, they also have some additional features such as onboard temperature control, smart home integration, and can analyze heart and breathing rate to help a person sleep properly. The smart sleeping equipment segment in the sleep aid devices market is expected to witness noteworthy growth in terms of revenue owing to the rapid increase in demand for safe sleep aid devices.

By indication, sleep aid devices can be segmented as sleep aid devices for insomnia, sleep aid devices for sleep apnea, sleep aid devices for restless leg syndrome, sleep aid devices for narcolepsy, and sleep aid devices for sleep deprivation. Insomnia is the most common sleep disorder among these, with short-term issues reported by about 30% of adults and chronic insomnia by 10% in the U.S.

North America and Europe sleep aid devices markets will continue to dominate owing to favorable reimbursement coverage and increasing per capita healthcare expenditure. The Asia Pacific and Latin America sleep aid devices market is expected to grow at a high growth rate due to active healthcare landscape and favorable government policies for startup companies.

Access Related Reports-

Gastrointestinal Stromal Tumor Market - https://www.persistencemarketresearch.com/market-research/gastrointestinal-stromal-tumor-market.asp

Global market for gastrointestinal stromal tumors will be worth over US$ 1.5 Bn. during the forecast period, 2017-2026, it will expand at a robust CAGR of 6.6%.

Life Sciences Aggregate-Spending Market- https://www.persistencemarketresearch.com/market-research/life-sciences-aggregate-spending-sunshine-law-tracking-and-reporting-market.asp

The global life sciences aggregate-spending market was pegged at US$ 974.2 Mn in 2021, with a projected CAGR of 10% for the forecast period (2022-2032).

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

About us: 

PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

This release was published on openPR.