Sleep Aids Market to reach USD 91.53 billion by 2023
Sleep Aids Market Value was worth USD 67.37 billion in 2018 and estimated to be growing at a CAGR of 6.32%, to reach USD 91.53 billion by 2023
(EMAILWIRE.COM, August 13, 2018 ) In the year 2018 Global Sleep Aids Market was valued at USD 67.37 billion. By the year 2023, it is predicted to reach USD 91.53 billion with pace of 6.32% CAGR.
Sleep aids are drugs and medical devices which are used to treat or diagnose various sleep disorders, like sleep apnea and insomnia. Lack of proper sleep leads to sleep disorders, which are caused due to medical issues, physical disturbances, environmental problems, and psychiatric disorders which affects the human health and leads to increase in chronic diseases, like high blood pressure, diabetes, arthritis, and stroke.
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Factors affecting market growth:
· Growing prevalence chronic diseases like insomnia, obstructive sleep apnea (OSA) disorders, and other chronic diseases across the globe. (+)
· Increasing usage of portable sleep apnea devices. (+)
· Improving healthcare facilities. (+)
· Increasing government support for start-up companies. (+)
· Growing demand for sleeping pills. (+)
· Increasing geriatric population globally. (+)
· Rising awareness about sleep disorders. (+)
· High side effects associated with sleeping aids medications. (-)
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Market Segmentation
The Global Sleep Aids Market is segmented on the basis of
Sleep Disorder
· Insomnia
· Sleep Apnea
· Restless legs syndrome
· Narcolepsy
· Sleep Walking
Product
· Mattresses & Pillows
· Sleep Laboratories
· Medications
· Sleep apnea devices
Medication
· Prescription-based Drugs
· OTC Drugs
· Herbal Drugs
Based on Sleep Disorder segment, Sleep apnea holds the largest market share in the Global Sleep Aids Market. Besides, Mattresses and pillows are expected to gain high growth rate in the Global Sleep Aids Market during the forecast period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/global-sleep-aids-market-1790/
Key players:
Leading companies for Global Sleep Aids Market Cadwell, SleepMed, Natus Medical manufactures, DeVilbiss Healthcare LLC., Sanofi, Merck & Co., Pfizer, Koninklijke Philips N.V. (Philips), GlaxoSmithKline Plc, and Care Fusion Corporation.
About Market Data Forecast
Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
Sleep aids are drugs and medical devices which are used to treat or diagnose various sleep disorders, like sleep apnea and insomnia. Lack of proper sleep leads to sleep disorders, which are caused due to medical issues, physical disturbances, environmental problems, and psychiatric disorders which affects the human health and leads to increase in chronic diseases, like high blood pressure, diabetes, arthritis, and stroke.
Request Report Sample: https://www.marketdataforecast.com/market-reports/global-sleep-aids-market-1790/request-sample
Factors affecting market growth:
· Growing prevalence chronic diseases like insomnia, obstructive sleep apnea (OSA) disorders, and other chronic diseases across the globe. (+)
· Increasing usage of portable sleep apnea devices. (+)
· Improving healthcare facilities. (+)
· Increasing government support for start-up companies. (+)
· Growing demand for sleeping pills. (+)
· Increasing geriatric population globally. (+)
· Rising awareness about sleep disorders. (+)
· High side effects associated with sleeping aids medications. (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/global-sleep-aids-market-1790/customize-report
Market Segmentation
The Global Sleep Aids Market is segmented on the basis of
Sleep Disorder
· Insomnia
· Sleep Apnea
· Restless legs syndrome
· Narcolepsy
· Sleep Walking
Product
· Mattresses & Pillows
· Sleep Laboratories
· Medications
· Sleep apnea devices
Medication
· Prescription-based Drugs
· OTC Drugs
· Herbal Drugs
Based on Sleep Disorder segment, Sleep apnea holds the largest market share in the Global Sleep Aids Market. Besides, Mattresses and pillows are expected to gain high growth rate in the Global Sleep Aids Market during the forecast period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/global-sleep-aids-market-1790/
Key players:
Leading companies for Global Sleep Aids Market Cadwell, SleepMed, Natus Medical manufactures, DeVilbiss Healthcare LLC., Sanofi, Merck & Co., Pfizer, Koninklijke Philips N.V. (Philips), GlaxoSmithKline Plc, and Care Fusion Corporation.
About Market Data Forecast
Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results