Press release
Impact of COVID-19 Outbreak on US OTC Sleep Aid Products Market to Witness a Pronounce Growth During Forecast 2023-2028
Report OverviewUS OTC Sleep Aid Products market would approximately reach XX billion by 2028 from USD 35 billion in 2019 and is estimated to be growing at a CAGR of XX% during the forecast period
The OTC sleep aid products market will demonstrate huge expansion in the US between 2019 and 2028 due to the rising prevalence of sleep disorders in the region. In the US OTC Sleep Aid Products market, an increase in alcohol consumption, caffeine, and tobacco are the primary reasons for sleep disorders. Insomnia and OSA treatment involve sleeping aids, which, in turn, is driving the growth of the sleep aids products market. This disruption in sleep can cause various disorders, which lead to a high demand for sleeping pills. Besides, stressful modern life and awareness programs on sleep disorders increased demand for sleep pills, thus, fueling up the market. According to the American Sleep Apnea Association, more than 50 million Americans already suffer from over 80 different sleep disorders, and 20-to-30 million suffer from intermittent sleep problems each year. Further, insomnia is the most common specific sleep disorder, with short-term issues reported by about 30% and chronic insomnia by 10% of the adults in the country. Between 6 and 12 percent of Americans use over-the-counter (OTC) sleep aid products specifically. While OTC sleep aids are non-habit forming, they still need to be used with care. Theyre meant to be taken on a short-term basis and are not a substitute for more long-term treatment of insomnia or other sleep issues
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The report delivers the challenges in front of the US OTC Sleep Aid Products Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the US OTC Sleep Aid Productss Market including the current trends, growth opportunities, restraints, and market drivers.
Key Market Drivers
The increasing network of healthcare facilities, wide use of portable sleep apnea devices, surging geriatric population, growing adoption of wearable monitors and sensors, and widespread burden of insomnia and obstructive sleep apnea (OSA) are some of the key growth factors driving the sleeping aids industry. Long working hours, working in different shifts, hectic work environments, and stressful conditions, along with excess workload, also hamper the quality of sleep. All these factors are leading to an increasing adoption of OTC sleeping pills that help an individual fall asleep, which, in turn, is impacting the sleep aid products market positively
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The US OTC Sleep Aid Products Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the US OTC Sleep Aid Products market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the US OTC Sleep Aid Products Market.
International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic US OTC Sleep Aid Products market. Each section of the research study is specially prepared to explore key aspects of the global US OTC Sleep Aid Products Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global US OTC Sleep Aid Products market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.
This post-pandemic business planning research will aid clients to:
• Adjust their strategic planning to move ahead once business stability kicks in.
• Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.
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Our qualified team of researchers, analysts, and consultants use in-depth qualitative research, quantitative research, and the latest recognized research techniques to offer an unrivaled level of detail and value to your research activities. Our market and competitive intelligence can be utilized by teams across multiple departments, including sales and business development, marketing, to:
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• Compare financial trends between competitor companies
• Get to know about mergers and acquisitions
• Explore the strengths and weaknesses of companies cross-industry
• Improve your business modeling
Strategic Points Covered in Table of Content of Global US OTC Sleep Aid Products Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the US OTC Sleep Aid Products market
Chapter 2: Exclusive Summary - the basic information of the US OTC Sleep Aid Products Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the US OTC Sleep Aid Products
Chapter 4: Presenting the US OTC Sleep Aid Products Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the US OTC Sleep Aid Products market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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