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Global Sleeping Aids Market Expected to Grow at 6.3% CAGR During 2016 – 2022 by P&S Market Research
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Among the various sleep disorders, the sleep apnea market segment is expected to witness the fastest growth in the global market during the forecast period. Among the various sleeping aids products, the mattress and pillows segment had the largest market size in the global market during 2015; however the sleep apnea devices segment is expected to witness fastest growth, at 6.9% CAGR during the period 2016 – 2022.
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The various government and non-government organizations are taking initiatives to spread awareness about the importance of sound sleep and use of sleep aids products. The governments of various countries are taking initiatives to encourage the use of sleeping aids products, as these products help patients to reduce sleeping disorders. The increasing initiative to create awareness about the importance of adequate sleep and educating people about sleep disorders are also driving the growth of the global market.
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The key companies operating in the global sleeping aids market include Sanofi, Merck & Co., Pfizer Inc., Koninklijke Philips N.V, GlaxoSmithKline PLC, SleepMed Inc., Cadwell Laboratories Inc., Drive Medical Ltd., Natus Medical Incorporated, Takeda Pharmaceutical Company Limited, Compumedics Limited, CareFusion Corporation, and Teva Pharmaceutical Industries Ltd.
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