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Sleeping Aids Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : AstraZeneca Plc, Cadwell Industries Inc., Compumedics Limited, CSL Limited, Devilbiss Healthcare Pvt Ltd
Sleeping Aids Global Market Report
The Business Research Company's Sleeping Aids Global Market Report 2023 identifies the increasing incidence of sleep disorders is expected to propel the growth of the sleeping aids market going forward. Sleep disorders refer to disorders that occur because of a lack of sleep. Sleep disorders affect the overall health of the person, and hence sleeping aids are widely used as medications for reducing the cognitive impairment brought on by sleep deprivation in addition to enhancing sleep in the short term.
The global sleeping aids market size is expected to grow from $77.66 billion in 2022 to $83.45 billion in 2023, at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sleeping aids market is expected to grow to $110.22 billion in 2027 at a CAGR of 7.2%.
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Major players in the market are AstraZeneca Plc, Cadwell Industries Inc., Compumedics Limited, CSL Limited, Devilbiss Healthcare Pvt Ltd., Emergent Biosolutions Inc., F.Hoffmann-La Roche Ltd., Gamma Vaccines Pty Ltd., GlaxoSmithKline Plc, Koninklijke Philips N.V., Merck & Co. Inc., Natus Medical Incorporated, Novartis AG, Pfizer Inc., Sanofi, Sinovac Biotech Ltd., Sleepmed Inc., Acelity L.P. Inc., Eisai Co., Ltd., ResMed Inc., Fisher & Paykel Healthcare Lcorporation Limited, Braebon Medical Corporation, Löwenstein Medical GmbH & Co. KG, and Takeda Pharmaceutical Company Limited.
A key trend in the Sleeping Aids market includes the product innovations are a key trend gaining popularity in the sleeping aids market. Major market players are developing new products to sustain their position in the sleeping aids market, such as wearable sleep aids.
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The Sleeping Aids market is segmented -
1) By Product: Mattresses And Pillows, Sleep Laboratories, Medications, Prescription-based Drugs, OTC Drugs, Herbal Drugs, Sleep Apnea Devices
2) By Indication: Insomnia, Sleep Deprivation, Narcolepsy, Sleep Apnea, Other Indications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, E-Commerce, Drug Stores, Other Distribution Channels
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Sleeping Aids market.
The Business Research Company's "Global Sleeping Aids Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Sleeping Aids Market Include:
1. Executive Summary
2. Sleeping Aids Market Characteristics
3. Sleeping Aids Market Trends And Strategies
4. Sleeping Aids Market - Macro Economic Scenario
5. Sleeping Aids Market Size And Growth
……
27. Sleeping Aids Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sleeping Aids Market
29. Sleeping Aids Market Future Outlook and Potential Analysis
30. Appendix
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