Global sleeping aids market is being driven by the increasing geriatric population, rising prevalence of obstructive sleep apnea (OSA) and insomnia, and expanding healthcare sector.
Various factors positively affecting the growth of the sleep aids market market are the surging geriatric population, rising prevalence of insomnia and obstructive sleep apnea (OSA) disorders, increasing requirement for sleeping pills due to stressful modern lifestyle, growing use of portable sleep apnea devices, rising government support for startup companies, and improving healthcare facilities. The medicinal drugs and medical devices which help a person fall asleep are referred to as sleeping aids.
When offering is taken into consideration, the sleep aids market is categorized into sleep apnea devices, mattresses and pillows, medication, sleep laboratory services, and others (which include ear plugs and eye masks). Out of these, the mattresses and pillows category accounted for the largest share of 42.2% of the market in 2017 and is projected to dominate the market during the forecast period as well.
This is ascribed to the cost-effectiveness of mattresses and pillows. The sleep apnea devices category is expected to grow at the fastest pace during the forecast period.
Download sample copy of this report@ bit.ly/2V4uBRd
The increasing utilization of portable sleep apnea devices is among the major driving factor of the sleeping aids market. People are increasingly using devices for controlling and treating sleep apnea, as these devices provide support by pushing air into the back of the throat where throat tissues collapse while sleeping.
Some of the sleep apnea treatment devices act by splinting the airway open throughout the inhalation and exhalation process. These devices are safe, do not cause any side effects, and are easy to take anywhere, which is why their demand is increasing.
Another primary factor driving the growth of the sleeping aids market is the surging prevalence of insomnia and OSA disorders. Depression, anxiety, and stress are among the most common causes of chronic insomnia.
Moreover, periodic limb movement disorder, OSA, restless legs syndrome, and rapid eye movement can also lead to chronic insomnia. As per the American Sleep Association, approximately 50–70 million adults are suffering from a sleep disorder in the U.S.
Also, insomnia is the most common sleep disorder, which is why the requirement for different sleeping aids is increasing.
GLOBAL SLEEPING AIDS MARKET SEGMENTATION
Market Segmentation by Offering
- Mattresses and Pillows
- Sleep Laboratory Services
- Prescription Drugs
- OTC Drugs
- Herbal Remedies
- Sleep Apnea Devices
- Positive Airway Pressure (PAP) Devices
- Facial Interfaces
- Oral Appliances
- Adaptive Servo-Ventilators (ASVs)
Access Inquiry at@ bit.ly/2SFYMwn
Market Segmentation by Sleep Disorder
- Sleep Apnea
- Restless Legs Syndrome
- Sleep Walking
Category: Market Research Publishers and RetailersCompany about: Prescient & Strategic (P&S) Intelligence Private Limited (formerly known as P&S Market Research Private Limited) was born out of the idea of helping businesses achieve breakthroughs through intelligent decision making, underpinned by a thorough understanding of industry dynamics. As a market intelligence and consulting firm, we strive to provide our clients with first-string market insights to facilitate intelligent decision making.At P&S Intelligence, we offer a multi-dimensional analytical lan ...