The Sleeping Aids Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Sleeping Aids Global Market Report 2024, The sleeping aids market size has grown strongly in recent years. It will grow from $83.66  billion in 2023 to $90.09  billion in 2024 at a compound annual growth rate (CAGR) of 7.7%.  The  growth in the historic period can be attributed to increased stress and sleep disorders, aging population, lifestyle changes, awareness and education, consumer preference for natural remedies..

The sleeping aids market size is expected to see strong growth in the next few years. It will grow to $124.41  billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.  The growth in the forecast period can be attributed to wellness and self-care trends, mental health awareness, home-based sleep solutions, personalized sleep solutions, natural and non-invasive options.. Major trends in the forecast period include wellness and self-care emphasis, technological integration, sleep hygiene education, regulatory focus on safety..

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. For instance, in January 2022, according to the National Center for Biotechnology Information, a US-based government department, sleep problems were projected to be present in 52.39% of COVID-19 patients, 45.96% of children and adolescents, 42.47% of healthcare workers, 41.50% of special populations with healthcare needs, 41.16% of university students, and 36.73% of the general population. This indicates that there is an increasing incidence of sleep disorders. Therefore, the increasing incidence of sleep disorders drives the sleeping aids market.

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The sleeping aids market covered in this report 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

 Top Major Players:

Cadwell Industries Inc
Compumedics Limited
DeVilbiss Healthcare Pvt. Ltd.
Merck & Co. Inc
Natus Medical Incorporated

North America was the largest region in the sleeping aids market in 2023.

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. For instance, in March 2022, StimScience, a US-based company operating in sleeping aids launched the wearable sleep aid Somnee. This product is the first electronic sleep aid headband with personalized non-invasive brain stimulation that improves sleep quality and reduces overnight tossing and turning by more than one-third in a 1,500-night home pilot study.

The sleeping aids market report table of contents includes:

1. Executive Summary
2. Sleeping Aids Market Characteristics
3. Sleeping Aids Market Trends And Strategies
4. Sleeping Aids Market - Macro Economic Scenario
5. Global Sleeping Aids Market Size and Growth
….……..
31. Global Sleeping Aids Market Competitive Benchmarking
32. Global Sleeping Aids Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Sleeping Aids Market
34.Sleeping Aids Market Future Outlook and Potential Analysis
35. Appendix

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