Worldwide Sleeping Aids Demand to Grow by 7.5% and Reach $122 Billion by 2027, Owing to Robust Increase in Sleep Disorder Insomnia – Market Research Report (2022-2027) by Industry Experts, Inc
Tuesday 08 Feb 2022
Industry Experts, Inc. released the market research report on Sleeping Aids. The report entitled "Sleeping Aids – A Global Market Overview" reveals that the sleep disorder Insomnia will lead the global Sleeping Aids market with a projected CAGR of almost 9% between the period 2022 and 2027. While North America is the largest market for Sleeping Aids, Asia-Pacific is expected to grow faster with over 9% CAGR during the aforementioned period.
The COVID-19 pandemic that struck the world towards end-2019 and beginning-2020 left a telling adverse impact on several sectors, though the Sleeping Aids market was able to maintain some semblance of equanimity. One of the most critical outcomes of the pandemic was the widespread announcement of lockdowns across the globe, due to which people were compelled to work from home and several individuals also lost their jobs, as companies resorted to cost-cutting measures to maintain some level of profitability in business. These factors have played a crucial in altering what can be called the human psyche, leading to more and more events of insomnia/sleeplessness among people.
Disorders in sleep can have serious consequences for a person's health, safety and quality of life, along with playing havoc with cognitive wellbeing. A number of sleep disorders have been identified and researched upon, the prominent ones among which include insomnia, sleep apnea, restless legs syndrome, narcolepsy and sleepwalking. The growing prevalence of such conditions has been instrumental in propelling the demand for Sleeping Aids products and services, which comprise Mattresses & Pillows, Medications, Sleep Apnea Devices and Sleep Laboratories. Medications is estimated the largest product type of Sleeping Aids market in 2021 worth US$26.6 billion and forecast to be US$28.4 billion in 2022.
Worldwide market for Sleeping Aids product types analyzed in this study include Mattresses & Pillows, Medications, Sleep Apnea Devices and Sleep Laboratories. Sleeping Aids Medications is further drilled down by its sub-products market including Herbal Remedies, Prescription Drugs and Over-the-Counter (OTC). The global Sleeping Aids Disorders market is explored in this report for Insomnia, Narcolepsy, Restless Legs Syndrome, Sleep Apnea and Sleepwalking.
The report reviews, analyzes and projects the Sleeping Aids market for global and the regional markets including the North America, Europe, Asia-Pacific and Rest of World for the period 2018-2027 in terms of value in USD. These regional markets further analyzed for 11 independent countries across North America – the United States, Canada and Mexico, Europe – France, Germany, Italy, and the United Kingdom; and Asia-Pacific – China, India, Japan and South Korea.
This 274 page global sleeping aids market report includes 161 charts (includes a data table and graphical representation for each table), supported with meaningful and easy to understand graphical presentation, of market numbers. The report profiles 22 key global players and 33 major players across North America – 22; Europe – 4; Asia-Pacific – 6; and Rest of World – 1. The study also provides the listing of the companies engaged in research & development, manufacturing and supply of sleeping aids. The global list of companies covers the address, contact numbers and the website addresses of 122 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/healthcare-and-pharma/global-sleeping-aids-market