APAC OTC Sleep Aid Products Market 2023 Share, Size, Key Players, Revenue Analysis | Prudent Markets

The APAC OTC Sleep Aid Products Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global APAC OTC Sleep Aid Products market. This report explores all the key factors affecting the growth of the global APAC OTC Sleep Aid Products market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Description of the OTC Sleep Aid Products Market

Research Scope and Assumption

The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)

The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis

We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses

All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis

Inflation has not been accounted for in order to estimate and forecast the market

Numbers may not add up due to rounding off

Reason to buy the report:

Facilitate decision-making based on strong current and forecast data for OTC Sleep Aid Products Market

Develop strategies based on the latest regulatory framework

Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market

Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the OTC Sleep Aid Products market

Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders

To strategically profile key players and comprehensively analyze their market shares and core competencies

We have technically sound team which do a deep dive research and also provide strategy-based consulting analysis

APAC OTC Sleep Aid Products Market Executive Summary

Asia-Pacific sleep disorder treatment market is expected to grow due the increased prevalence of sleep disorders like sleep apnea, insomnia and narcolepsy across globe. Sleep disorders are also known as somnipathy. It comprises of various medical conditions which deviates the sleeping pattern of a person negatively. Sleep disorders can also be defined as a group of disorders impacting sleep pattern of an individual on a regular basis. Various factors are responsible for the presence of sleep disorders which includes lifestyle changes and high stress among other. The sleep disorders impact the overall health of a person along with affecting their level of concentration leading to tiredness throughout the day.

Market Size and Key Findings

The APAC OTC Sleep Aid Products market size stood at around USD 11.95 billion in 2021 and is projected to reach USD 16.68 billion by 2026, exhibiting a CAGR of 6.9% during the forecast period.

APAC OTC Sleep Aid Products market is likely to grow at remarkable rate during the forecast period. Sleep aids are primary pills and medical devices enabling a person affected with sleep disorders to fall asleep. Sleep Aids are drugs or medical devices that help a person to fall asleep. Improper sleep cycles or sleep disorders have severe effects on one's work life and health. Sleep Disorders are generally caused by changes in sleeping patterns due to medical issues, psychiatric problems, and environmental issues.

Market Dynamics

Market Growth Drivers Analysis

The increased usage of caffeine, tobacco, and alcohol has been causing sleep disorders in the population is one of the major factors driving the Asia-Pacific sleep aids market. The increasing consumer awareness pertaining to quality sleep, rising size of the geriatric population will act as substantial factors for the industry expansion has led to the growing need for convenience and compliance. Further, an increase in demand for sleeping pills due to stressful modern lifestyle has also contributed to the rapid growth of the Asia-Pacific Sleep Aids market.

Market Restraints

The sleep aids market also faces some challenges and restraints, including side effects associated with sleeping aids medications and patent expiration of treatment pills for sleep disorders.

COVID-19 impact on "APAC OTC Sleep Aid Products Market

The COVID-19 pandemic took a tremendous toll on the operations of several business verticals. However, the industry for sleep aids witnessed widespread growth given the increasing consumption of sleep medications by patients affected with sleep-disordered breathing (SDB) as they are at a higher risk of suffering from the most adverse outcomes of the infection. The rising innovations in sleep medicine practices also added to the market demand amidst the crisis

Competitive Landscape

Key Players

Some of the major key players dominating the Asia Pacific Sleep Aids market are Jazz Pharmaceuticals, Inc., Pfizer Inc., Viatris Inc., Amneal Pharmaceuticals LLC, Taj Pharmaceuticals Limited, Eli Lilly and Company, Alembic Pharmaceuticals Limited, Apotex Inc., Dr. Reddys Laboratories Ltd., Koninklijke Philips N.V., ResMed, SomnoMed, Oventus and BMC Medical Co., among others.

Products in Pipeline

TS 142 is dual orexin 1/2 receptor antagonist (DORA), being developed by Taisho Pharmaceutical, for the treatment of insomnia and sleep apnoea syndrome.

Daridorexant is a dual orexin receptor antagonist (DORA) designed and developed for the treatment of insomnia. Daridorexant reduces overactive wakefulness associated with insomnia by blocking the activity of orexin. Idorsia's research team has designed daridorexant to have a rapid onset of effect and a duration of action sufficient to cover the night but short enough to avoid any negative next-morning residual activity at optimally effective doses. The US Food and Drug Administration (FDA) has accepted the new drug application (NDA) for review of Idorsia's investigational dual orexin receptor antagonist, daridorexant, for the treatment of adult patients with insomnia.

Notable Recent Deals

Pfizer, Inc. announced that its division named Upjohn is combined with Mylan N.V. and formed a new company named Viatris. This combination of the business division of the company with Mylan N.V. has increased its product portfolio leading to increased demand for its product in the market.

This new product launched by the company has increased its protein estimation portfolio in the market. Collaboration, joint ventures and other strategies by the market player is enhancing the company market in the sleep disorder treatment market which also provides the benefit for organization to improve their offering for sleep disorder treatment market.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

Chinas stringent regulatory framework, specifically regarding product registration (under Chinas Food and Drug Administration - CFDA), and competition from cheap local brands are considerable challenges.

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OTC Sleep Aid Products Market Segmentation

By Sleep Disorder Type:

Based on sleep disorder, the sleep aids market is segmented under Insomnia, Sleep Apnea, Narcolepsy, Restless legs syndrome, and Sleepwalking. Sleep apnea remains to be the fastest-growing segment compared to other sleep disorders

Insomnia
Sleep Apnea
Restless legs Syndrome
Narcolepsy
Sleep Walking

By Product Type:

The Asia-Pacific Sleep Aids market is segmented into Sleep Laboratories, Mattresses & Pillows, Medication, and Sleep apnea devices by product. Mattresses and pillows are expected to continue leading the Asia-Pacific Sleep Aids market in coming years

Mattresses and Pillows
Sleep Laboratories
Medications
Sleep Apnea Devices

By Medication Type:

Based on Medication types, the segmentation is done under Prescription-based Drugs, OTC drugs, and Herbal Drugs. The prescription medications hold the largest share in the Sleep Aids market

Prescription based Drugs
OTC Drugs
Herbal Drugs

By Country Type:

The Asia-Pacific Sleep Aids market is segmented under various countries, namely China, India, Japan, Australia, and South Korea

India
China
Japan
South Korea
Australia
New Zealand
Thailand
Malaysia
Vietnam
Philippines
Indonesia
Singapore

Rest of APAC
Highlighted Segments of APAC OTC Sleep Aid Products Market:

Industry Overview: The first section of the research study covers an overview of the global APAC OTC Sleep Aid Products Market, market status and prospects, and product range. In addition, it provides highlights of the major segments of the global Market, i.e., region, type, and application segments.

Competitive Analysis: This report illuminates important mergers and acquisitions, business expansion, product or service differences, market concentration, the competitive status of the global APAC OTC Sleep Aid Products Market, and market size by player.

Company Profiles and Key Data: This section covers companies profiling the major players in the global APAC OTC Sleep Aid Products Market based on the aforementioned revenue, products, business, and other factors.

Market size by type and application: In addition to providing an in-depth analysis of the industry size by type and application, this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends, and opportunities of the global APAC OTC Sleep Aid Products Market. This section also includes Porter's analysis of five forces.

Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global APAC OTC Sleep Aid Products Market.

Prudent Markets provides attractive discounts that fit your needs. Customization of the reports as per your requirement is also offered. Get in touch with our sales team, who will guarantee you a report that suits your needs.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global APAC OTC Sleep Aid Products Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global APAC OTC Sleep Aid Products Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the APAC OTC Sleep Aid Products market
Chapter 2: Exclusive Summary - the basic information of the APAC OTC Sleep Aid Products Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the APAC OTC Sleep Aid Products
Chapter 4: Presenting the APAC 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 APAC 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

Why should you purchase this report?

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-An extra edge in the competitive market could be obtained from this elaborative research report
-The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.

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In conclusion, the APAC OTC Sleep Aid Products Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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