Sleep Aids Market: Key Findings, Executive Summary, Investment Pockets, and Regional Analysis Forecast, 2021-2030 | AMR

According to the report published by Allied Market Research, the sleep aids market generated $59.8 billion in 2020, and is projected to reach $111.9 billion by 2030, witnessing a CAGR of 6.9% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.alliedmarketresearch.com/request-sample/1533

COVID-19 Impact Analysis (Pre & Post) -

• The outbreak of the COVID-19 pandemic led to having a negative impact on the growth of the global sleep aids market, owing to decrease in demand for sleeping aids devices for sleep disorders.
• Moreover, market players have reduced investment in raw materials and resources, owing to the closure of manufacturing facilities to protect workers in all the regions, which in turn, affected the market growth.

Sleep aids is used in the form of medications, medical devices and services to diagnose, diagnose and treat sleep disorders such as sleep apnea and sleepwalking. These should improve the quality of sleep of patients with sleep disorders. Sleep problems can affect a person's health and lead to chronic diseases such as diabetes and heart disease.

The coronavirus (COVID-19) was discovered at the end of December in the Hubei province of the city of Wuhan in China. This disease is caused by a virus, namely the severe respiratory disease coronavirus 2 (SARS-CoV-2), which is transmitted between humans. In the wake of the COVID-19 outbreak, the outlook for the sleep medicine industry has changed dramatically. The COVID-19 pandemic has led to lockdowns around the world, which has reduced trade in many products, including sleeping pills. This has affected the market by reducing the demand for sleep aids. In addition, the chaos of the monthly income, the closure of the manufacturing plant to protect the workers in all regions reduced the amount of sleep medicine production. Cargo handling restrictions at ports and widespread financial problems have also damaged commodity prices. It is because people are afraid of getting sick during the time of isolation and lockdown.

♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.alliedmarketresearch.com/purchase-enquiry/1533

Important Key Market Players Are -

• Cadwell Industries, Inc.
• Compumedics Limited
• Drive DeVilbiss Healthcare Inc.
• GlaxoSmithKline Plc
• Merck& Co., Inc.
• Natus Medical Inc.
• Koninklijke Philips N.V.
• PFIZER, INC.
• Sanofi S.A.
• SleepMed Inc.

On the basis of product, the global sleep medicine market is segmented into mattresses and pillows, sleep labs, drugs and sleep apnea devices. The Mattresses & Pillows segment is the major contributor to the global market in 2020 and is expected to remain stable during the forecast period due to technological advancements in sleep aid devices, increase in sleep aid device adoption, increase of sleep disorders. such as insomnia, and the increase in the number of product launches is high and effective.

Key Findings of The Study -

• On the basis of product, the mattress & pillows segment held majority share in the global sleep aids market in 2020.
• On the basis of sleep disorders, the insomnia segment held largest sleep aids market share in 2020, and is expected to remain dominant throughout the forecast period.
• Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 9.2% during the forecast period.

♦ 𝐒𝐢𝐦𝐩𝐥𝐲 𝐒𝐩𝐞𝐚𝐤 𝐓𝐨 𝐄𝐱𝐩𝐞𝐫𝐭 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧:
https://www.alliedmarketresearch.com/connect-to-analyst/1533

Geographic Segments Covered in the Report -

The Sleep aids market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (USA and Canada)

• Europe (UK, Germany, France and the rest of Europe)

• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)

• Latin America (Brazil, Mexico, and the rest of Latin America)

• Middle East and Africa (GCC and rest of the Middle East and Africa)

Frequently Asked Questions?

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