Sleeping Aids Market by Offering, by Sleep Disorder, by Geography - Global Market Size, Share, Development, Growth and Demand Forecast, 2013 - 2023

  • ID: 4600389
  • Report
  • Region: Global
  • 141 pages
  • P&S Market Research
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Global sleeping aids market is forecasted to attain revenue of $101.9 billion by 2023.

Growing prevalence of insomnia and obstructive sleep apnea (OSA) disorders, rising use of portable sleep apnea devices, increasing government support for start-up companies, growing healthcare facilities, surge in the demand for sleeping pills attributed to stressful modern lifestyle, and increasing geriatric population are the key factors driving the growth of the market.

Insights on market segments

Based on offering, the sleeping aids market has been categorized into mattress and pillows, sleep laboratory services, medication, sleep apnea devices and others. Sleep apnea devices are predicted to be the fastest growing product category in this market, witnessing CAGR of 7.4% during the forecast period. This growth is characterized by technology advancements and increasing number of OSA cases, globally.

The medication category is further classified into prescription drugs, over-the-counter drugs and herbal remedies. Among these, prescription drugs held the largest share in the sleeping aids medication market, with 65.7% share in 2017. Based on the sleep disorder, the sleeping aids market has been categorized into insomnia, sleep apnea, restless legs syndrome, narcolepsy, sleep walking and others. Among these, insomnia held the largest share in this market, with 31.2% contribution in 2017, mainly due to rise in the prevalence of the number of insomnia cases over the years.

Sleeping aids market to witness fastest growth in Asia-Pacific (APAC)

During the forecast period, the sleeping aids market is projected to witness the fastest growth in APAC, with a CAGR of 7.1%, owing to the growing geriatric population, increasing prevalence of sleep disorders, and surging awareness about sleeping aids products in the region. According to the World Bank, life expectancy at birth of people in India increased from 67 years in 2010 to 69 years in 2016, representing growth in the geriatric population of the country. With the growing geriatric population, the frequency of sleep disorders is increasing, which further creates demand for these products.

Key market players are introducing technologically advanced products

Globally, key players in the sleeping aids industry are developing new devices and products for the treatment of sleeping disorders. For instance, in March 2018, Drive DeVilbiss Healthcare introduced the next generation Trotter Mobility Chair. The product offers parents and caregivers a lightweight, foldable alternative to heavier wheelchair-style mobility bases. The new generation Trotter features a padded seat and back upholstery at the same low price as the original version. New accessories include angle adjustable footplates, anti-tippers, contoured headwings, headrest extension, canopy, under-seat carrier and Poziform ankle positioners.

In May 2017, Drive DeVilbiss Healthcare introduced, the P903 Full Electric Expandable Width Low Height Long-Term Care (LTC) bed, to its premium line of beds and bedding products. It is equipped with a wide selection of features, making it capable to support up to 600 lbs. weight and can help to reduce resident falls and staff injuries. The bed features various expansion options that would provide comfort to the people, according to their positioning needs and also has a variety of options including various headboard and footboard styles.

Some of the other players in sleeping aids industry are Sanofi, Merck KGaA, Koninklijke Philips N.V., Pfizer Inc., SleepMed Inc., Takeda Pharmaceutical Co. Ltd., Cadwell Laboratories Inc., Natus Medical Inc., and Compumedics Limited.

Global Sleeping Aids Market Segmentation

Market Segmentation by Offering

Mattresses and Pillows
Sleep Laboratory Services
Medication
Prescription Drugs
OTC Drugs
Herbal Remedies
Sleep Apnea Devices
Positive Airway Pressure (PAP) Devices
Facial Interfaces
Oral Appliances
Adaptive Servo-Ventilators (ASVs)
Others

Market Segmentation by Sleep Disorder

Insomnia
Sleep Apnea
Restless Legs Syndrome
Narcolepsy
Sleep Walking
Others

Market Segmentation by Geography

North America Sleeping Aids Market

By offering
By sleep disorder
By country

U.S. Sleeping Aids Market

By offering
By sleep disorder

Canada Sleeping Aids Market

By offering
By sleep disorder

Europe Sleeping Aids market

By offering
By sleep disorder
By country - Germany, U.K., France, Italy, Spain and Rest of Europe

Asia-Pacific (APAC) Sleeping Aids market
By offering
By sleep disorder
By country - Japan, China, Australia and Rest of APAC

Latin America (LATAM) Sleeping Aids market

By offering
By sleep disorder
By country - Brazil, Mexico and Rest of LATAM

Middle East and Africa (MEA ) Sleeping Aids market

By offering
By sleep disorder
By country - Saudi Arabia, U.A.E, South Africa and Rest of MEA
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Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Offering
1.3.2 Market Segmentation By Sleep Disorder
1.3.3 Market Segmentation By Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.2.1.2 By Industry Participant
2.2.1.3 By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Offering
4.1.1.1 Mattresses And Pillows
4.1.1.2 Sleep Laboratory Services
4.1.1.3 Medication
4.1.1.3.1 Prescription Drugs
4.1.1.3.2 Over-The-Counter (Otc) Drugs
4.1.1.3.3 Herbal Remedies
4.1.1.4 Sleep Apnea Devices
4.1.1.4.1 Positive Airway Pressure (Pap) Devices
4.1.1.4.2 Facial Interfaces Devices
4.1.1.4.3 Oral Appliances
4.1.1.4.4 Adaptive Servo Ventilation(Asvs)
4.1.1.4.5 Others
4.1.1.5 Others
4.1.2 By Sleep Disorder
4.1.2.1 Insomnia
4.1.2.2 Sleep Apnea
4.1.2.3 Restless Legs Syndrome
4.1.2.4 Narcolepsy
4.1.2.5 Sleep Walking
4.1.2.6 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Shifting Consumer Preference Toward Herbal Otc Drugs
4.2.1.2 Growing Adoption Of Wearable Monitors And Sensors
4.2.1.3 Increasing Demand For Home Sleep Test
4.2.1.4 Increased Usage Of Cpap Therapy Devices
4.2.2 Drivers
4.2.2.1 Growing Prevalence Of Insomnia And Osa Disorders
4.2.2.2 Rising Use Of Portable Sleep Apnea Devices
4.2.2.3 Increasing Government Support For Startup Companies
4.2.2.4 Growing Healthcare Facilities
4.2.2.5 Surge In Demand For Sleeping Pills Attributed To Stressful Modern Lifestyle
4.2.2.6 Increasing Geriatric Population
4.2.2.7 Impact Analysis Of Drivers On Market Forecast
4.2.3 Restraints
4.2.3.1 Long Wait Time For Sleep Care Services
4.2.3.2 Shortage Of Skilled Medical Professionals
4.2.3.3 Patent Expiration Of Sleep Disorder Medications
4.2.3.4 Side Effects Associated With Sleeping Aids Medications
4.2.3.5 Impact Analysis Of Restraints On Market Forecast
4.2.4 Opportunities
4.2.4.1 Rising Disposable Income
4.2.4.2 Increasing Patient Pool In Emerging Economies
4.2.4.3 Sleep Disorder Awareness Initiatives By Various Organizations
4.3 Porter’S Five Forces Analysis
4.3.1 Bargaining Power Of Buyers
4.3.2 Bargaining Power Of Suppliers
4.3.3 Intensity Of Rivalry
4.3.4 Threat Of New Entrants
4.3.5 Threat Of Substitutes

Chapter 5. Global Market Size And Forecast
5.1 By Offering
5.1.1 Sleeping Aids Medication Market By Type
5.1.2 Sleep Apnea Devices Market By Type
5.2 By Sleep Disorder
5.3 By Region

Chapter 6. North America Market Size And Forecast
6.1 By Offering
6.1.1 Sleeping Aids Medication Market By Type
6.1.2 Sleep Apnea Devices Market By Type
6.2 By Sleep Disorder
6.3 By Country
6.3.1 U.S. Sleeping Aids Market
6.3.1.1 By Offering
6.3.1.1.1 Sleeping Aids Medication Market By Type
6.3.1.1.2 Sleep Apnea Devices Market By Type
6.3.1.2 By Sleep Disorder
6.3.2 Canada Sleeping Aids Market
6.3.2.1 By Offering
6.3.2.1.1 Sleeping Aids Medication Market By Type
6.3.2.1.2 Sleep Apnea Devices Market By Type
6.3.2.2 By Sleep Disorder

Chapter 7. Europe Market Size And Forecast
7.1 By Offering
7.1.1 Sleeping Aids Medication Market By Type
7.1.2 Sleep Apnea Devices Market By Type
7.2 By Sleep Disorder
7.3 By Country

Chapter 8. APAC Market Size And Forecast
8.1 By Offering
8.1.1 Sleeping Aids Medication Market By Type
8.1.2 Sleep Apnea Devices Market By Type
8.2 By Sleep Disorder
8.3 By Country

Chapter 9. LATAM Market Size And Forecast
9.1 By Offering
9.1.1 Sleeping Aids Medication Market By Type
9.1.2 Sleep Apnea Devices Market By Type
9.2 By Sleep Disorder
9.3 By Country

Chapter 10. MEA Market Size And Forecast
10.1 By Offering
10.1.1 Sleeping Aids Medication Market By Type
10.1.2 Sleep Apnea Devices Market By Type
10.2 By Sleep Disorder
10.3 By Country

Chapter 11. Competitive Landscape
11.1 Product Benchmarking Of Key Players
11.2 Global Strategic Developments Of Key Players
11.2.1 Mergers And Acquisitions
11.2.2 Product Launches And Approvals
11.2.3 Partnerships And Collaboration
11.2.4 Other Developments

Chapter 12. Company Profiles
12.1 Sanofi
12.1.1 Business Overview
12.1.2 Product And Service Offerings
12.2 Merck & Co. Inc.
12.2.1 Business Overview
12.2.2 Product And Service Offerings
12.3 Koninklijke Philips N.V.
12.3.1 Business Overview
12.3.2 Product And Service Offerings
12.4 Pfizer Inc.
12.4.1 Business Overview
12.4.2 Product And Service Offerings
12.5 Sleepmed Inc.
12.5.1 Business Overview
12.5.2 Product And Service Offerings
12.6 Cadwell Laboratories Inc.
12.6.1 Business Overview
12.6.2 Product And Service Offerings
12.7 Natus Medical Incorporated
12.7.1 Business Overview
12.7.2 Product And Service Offerings
12.8 Devilbiss Healthcare Llc
12.8.1 Business Overview
12.8.2 Product And Service Offerings
12.9 Takeda Pharmaceutical Company Limited
12.9.1 Business Overview
12.9.2 Product And Service Offerings
12.10 Compumedics Limited
12.10.1 Business Overview
12.10.2 Product And Service Offerings
12.11 Tempur Sealy International Inc.
12.11.1 Business Overview
12.11.2 Product And Service Offerings
12.12 Glaxosmithkline Plc
12.12.1 Business Overview
12.12.2 Product And Service Offerings
12.13 Serta Simmons Bedding Llc
12.13.1 Business Overview
12.13.2 Product And Service Offerings

Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources And References
13.3 Related Reports
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