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

The Japan 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 Japan OTC Sleep Aid Products market. This report explores all the key factors affecting the growth of the global Japan 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 Japan OTC Sleep Aid Products Market Analysis

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

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

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

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

Japan OTC Sleep Aid Products Market Analysis Executive Summary

Sleep Aids Market size is slated to grow significantly from 2021 to 2028 on account of rising number of sleeping disorders and growing obese population. The swiftly changing consumer lifestyles along with the scaling stressful working hours have led to the mount in several chronic conditions, followed by delayed diagnosis. The increasing intake of preventive and curative medicines coupled with the higher alcohol and tobacco consumption across Japan will influence the product demand.

Market Size and Key Findings

The Japan OTC Sleep Aid Products Market Analysis size stood at around USD xx billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

The demand for sleeping aids has been rising in the region due to high consumption of sleeping pills owing to changing lifestyle, growing awareness about sleep disorders and other related problems, long working hours, and growing aging population. Some of the sleeping aids products available in the market include mattress & pillow, sleep laboratories, medication, sleep apnea devices and others. Due to rising aging population in the region, more number of people have been dealing with sleep related problems, thus leading to increase in the sale of sleeping aids products.

Market Restraints

Side-effects associated with sleeping aid medications such as drug dependence and withdrawal symptoms are the some of the factors negatively impacting the demand of the sleeping aids products, thereby hindering the development of the market. Patent expiration of treatment pills for sleep disorders is another key factor that impedes the growth of the market.

COVID-19 impact on Japan OTC Sleep Aid Products Market

The COVID-19 pandemic led to a slight decline in the demand for sleep aids due to widespread financial distress, limited production, closure of manufacturing facilities to protect workers, transportation-related delays owing to travel restriction, and driver shortages. Quarantine measures made it difficult for freight service providers to keep freight moving smoothly. Major disruptions in the global supply chain impacted the market negatively.

Competitive Landscape

Key Players

Some of the other key players operating in the sleeping aids industry include Sanofi S.A., Koninklijke Philips N.V., GlaxoSmithKline PLC, Merck & Co. Inc., Teva Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Compumedics Limited, Becton, Dickinson and Company, Eisai Co., Ltd. and Drive Medical Ltd.

Products in Pipeline

In October 2016, Eisai Co., Ltd. announced the initiation of a Phase II clinical study of its internally-discovered oral dual orexin receptor antagonist lemborexant in patients with Irregular Sleep-Wake Rhythm Disorder (ISWRD) and mild to moderate Alzheimer's disease (AD) dementia. Lemborexant is being jointly developed by Eisai and Purdue Pharma L.P.

In May 2019, Mercks BELSOMRA (suvorexant) C-IV met primary efficacy endpoint in phase-3 trial for the treatment of insomnia in people with mild-to-moderate Alzheimers disease and dementia.

Notable Recent Deals

Sumitomo Mitsui Trust Bank extended its nine-hour minimum to all employees, including contract staff, in December 2016.

In Sept 2018, Tris Pharma acquired NextWave Pharmaceuticals (NextWave), a wholly-owned subsidiary of Pfizer Inc. The acquisition expanded Tris' portfolio of products for the treatment of patients with ADHD.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

The Japanese government has set aside about 400 million for the year 2017 for an incentive program to encourage small and medium-sized companies to adopt minimum rest periods to ensure better productivity. All such initiatives by the governments in various countries in the region, eventually leads to the high demand of products in the sleeping aids market in the region.
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Japan OTC Sleep Aid Products Market Analysis Segmentation

By Sleep Disorders:

The sleep aids market is segmented into insomnia, sleep apnea, restless legs syndrome, narcolepsy, sleepwalking and other sleep disorders. Among these, the insomnia segment is anticipated to capture a significant market share due to rising prevalence of the disease.

By Product:

The sleep aids market is bifurcated into mattresses & pillows, medications, sleep apnea devices, and others. The mattresses & pillows is expected to see inclination driven by the rising developments in manufacturing techniques. The increasing consumer awareness pertaining to quality sleep has led to the growing need for convenience and compliance. The rising size of the geriatric population and the ease of access to a wide range of products will act as substantial factors for the industry expansion.

By Medications:

Sleep aids are primary pills and medical devices enabling a person affected with sleep disorders to fall asleep. The rising usage of OTC drugs and devices will also lead to the market progression.

Highlighted Segments of Japan OTC Sleep Aid Products Market:

Industry Overview: The first section of the research study covers an overview of the global Japan 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 Japan 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 Japan 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 Japan 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 Japan OTC Sleep Aid Products Market.

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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 Japan 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 Japan OTC Sleep Aid Products Market:

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