Sleeping Aids Market 2021 Global Competitors Strategy, Industry Trends, Segments, Size, Growth Review, Key Players Profile, Statistics and Growth to 2030

In a recent published report, Kenneth Research has updated the market report for Sleeping Aids Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Sleeping Aids Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Sleeping Aids Market is estimated to reach $96 billion by 2024; growing at a CAGR of 6.3 % from 2016 to 2024. Sleeping aids are drugs and medical devices used to identify and treat different sleeping disorders. Sleep apnea, insomnia, daytime sleepiness are indications of sleep disorder. Human health is harmfully affected by these sleep disorders which can cause various chronic diseases, such as high blood pressure, diabetes, arthritis, stroke, and obesity. It is important to treat and diagnose these sleep disorders to avoid major adverse effects on human health.

Changing consumer lifestyle, rise in demand for sleeping pills, increase in geriatric and obese population, and increasing disposable income are the factors boosting the growth of the global sleeping aids market. Moreover, advanced technologies and rising awareness about sleeping disorders would provide several market opportunities in coming years. Though, various side effects of sleep aids medication and patent expiration might hamper the growth of the market.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

The global sleeping aids market is segmented on basis of product and sleep disorder. The sleeping aids market is segmented by product as mattresses and pillows, sleep apnea devices, medication (prescription based drugs, OTC drugs, and herbal drugs), sleep laboratories, and others. Further, by sleep disorder the market is segmented as insomnia, restless legs syndrome, sleep apnea, narcolepsy, sleep walking, and other sleep disorders.

Geographically, global sleeping aids market is segmented into North America, Europe, Asia Pacific, Rest of the World (RoW) North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and others. Asia-Pacific is segmented into India, China, Japan, South Korea, and others while RoW is bifurcated into South America, Middle East, and Africa.

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The key market players include CareFusion Corporation, Pfizer, Takeda Pharmaceutical Company Limited, GlaxoSmithKline Plc, Teva Pharmaceutical Industries Limited, Natus Medical Incorporated, Compumedics Limited, Merck And Co., Sanofi, and Serta International, among others.

The key takeaways from the report
The report will provide detailed analysis of Global Sleeping Aids Market with respect to major segments such as product and sleep disorder
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Global Sleeping Aids Market has been included in the report. Profile of the key players in the Global Sleeping Aids Market will be provided, which include key financials, product & services, new developments and business strategies

Scope of Global Sleeping Aids Market
Product Segments

Mattresses And Pillows
Sleep Apnea Devices
Medication
Prescription Based Drugs
OTC drugs
Herbal Drugs
Sleep Laboratories
Others
Sleep disorder Segments

Insomnia
Restless Legs Syndrome
Sleep Apnea
Narcolepsy
Sleep Walking
Other Sleep Disorders
Geographical Segments

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North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Others
Asia-Pacific
India
China
Japan
South Korea
Others
RoW
South America
Middle East
Africa

Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
Chapter 4 Sleeping Aids Market by product: Market Size and Forecast, 2015 – 2024
4.1 Overview
4.2 Mattresses and Pillows
4.2.1 Current Trend and Analysis
4.2.2 Market Size and Forecast
4.3 Sleep Laboratories
4.3.1 Current Trend and Analysis
4.3.2 Market Size and Forecast
4.4 Medication
4.3.1 Current Trend and Analysis
4.4.2 Market Size and Forecast
4.4.3 Prescription Based Drugs
4.4.3.1 Market Size and Forecast
4.4.4 Herbal Drugs
4.4.4.1 Market Size and Forecast
4.4.5 OTC Drugs
4.4.5.1 Market Size and Forecast
4.5 Sleep Apnea Devices
4.5.1 Current Trend and Analysis
4.5.2 Market Size and Forecast
4.6 Other Products
4.6.1 Current Trend and Analysis
4.6.2 Market Size and Forecast

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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