15-Mar-2021 | Facts and Factors
As per the report published by Facts and Factors, the global Sleeping Aids market was valued at approximately USD 64.29 Billion in 2019 and is expected to generate revenue of around USD 101.7 Billion by the end of 2026, growing at a CAGR of around 6.7% between 2020 and 2026.
A sleep disorder can affect health, safety, and quality of life. Sleep depravity may affect the overall working of the human body and can severely affect one’s ability to have a healthy lifestyle along with cognitive well-being. There are many different types of sleeping disorders and some of the common among them are insomnia, sleep apnea, restless legs syndrome, and narcolepsy. Increased penetration of digital media and devices in life has also induced sleeping disorders. The rising prevalence of these conditions is fueling the market for sleep aids. Sleep aids are drugs and medical devices used to diagnose and treat various sleep disorders, such as sleep apnea and insomnia.
Some of the key vendors in the global sleep aids market are DeVilbiss Healthcare LLC., SleepMed Inc., Pfizer Inc., Cadwell Laboratories Inc., Merck, Sanofi, Pfizer, SleepMed, GSK, Natus Medical Teva Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, CareFusion Corporation, Tempur-Pedic Management Inc., Serta International, and Drive Medical Ltd. and Compumedics Limited.
Changing Lifestyles and Increased Stress Is Driving the Market for Sleep Aids
The body clock known as the circadian rhythm follows the motion of the sun and since its evolution, it has been in the harmony with day and night cycle. However, the modern lifestyle and work associated with have hampered the working of this body rhythm, and as a result, this sleeping disorder prevalence has increased. Working on the night shift and jet lag are among the major reason for disturbing sleep patterns. Lifestyle choices such as keeping the brain stimulated till late have enhanced the frequency of sleeping disorders. Penetration of smartphones has increased the screen time of individuals and late-night binging has increased which has resulted in increased cases of sleeping disorders. Increased level of stress due to workload in offices, schools, and social relationships has added to the stress level of humans. Increased intake of alcohol may also hamper the sleep cycle. Another important reason is mental health conditions like anxiety, depression, and bipolar disorder frequently give rise to serious sleeping problems
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 64.29 Billion |
Projected Market Size in 2026 |
USD 101.7 Billion |
CAGR Growth Rate |
6.7% |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Koninklijke Philips N.V., Serta International, Merck & Co., Natus Medical Incorporated, Tempur-Pedic Management, CareFusion Corporation, Drive Medical Ltd, GlaxoSmithKline plc, Sanofi, Pfizer Inc., Takeda Pharmaceutical Company Limited, SleepMed Inc., Compumedics Limited, Teva Pharmaceutical Industries Ltd, Cadwell Laboratories Inc., and eVilbiss Healthcare LLC among others. |
Key Segment |
By Offering, By Sleep Disorder, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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APAC Region Projected To Dominate Global Sleeping Aids Market Growth
Asia Pacific region is expected to be the highest market for sleeping aids owing to the increased prevalence of cases of insomnia. An increase in the young population and a change in lifestyle is driving the market for sleep aids market. Similarly, the high geriatric population in Europe and North America is expected to drive the market for sleeping aids. Sleep disorders are believed to influence 50 to 70 million Americans of all ages and social groups. Sleep disorders affect both men and women, although there are substantial variations in the incidence and seriousness of such sleep disorders among minorities and underserved groups.
Browse the full “Sleeping Aids Market by Offering (Mattresses and Pillows, Medication, Sleep Laboratory Services, and Sleep Apnea Devices) and by Sleep Disorder (Insomnia, Sleep Apnea, Sleep Walking, Restless Legs Syndrome (RLS), Narcolepsy and Other Sleep Disorders): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/sleeping-aids-market
The global Sleeping Aids market is segmented as follows:
By Product:
- Mattress & Pillow
- Sleep Laboratories
- Medications
- Sleep Apnea Devices
By Sleep Disorder:
- Insomnia
- Sleep Apnea
- Restless Leg Syndrome
- Narcolepsy
- Sleep Walking
- Other
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