Oct 9, 2020 11:29 AM ET
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iCrowd Newswire – Oct 9, 2020

The increasing incidence of obstructive sleep apnea and insomnia, surging geriatric population, ballooning number of healthcare centers, and soaring policies being implemented by the governments of various countries for supporting startups are the major factors propelling the advancement of the global sleeping aids market. As a result, the market will attain a valuation of $162.5 billion in 2030, demonstrating a CAGR of 7.1% from 2020 to 2030.

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Under the offering segmentation, the sleeping aids market is divided into sleep laboratory services, sleep apnea devices, medication, mattresses and pillows, and others. Out of these, the highest market share was held by the mattresses and pillows category during 2014—2019 (historical period). Moreover, this category will dominate the market in the future years. This is ascribed to the availability of numerous pillows and mattresses, made by north contract and local manufacturing companies at affordable prices for improving the quality of sleep.

The objective of this research includes;

  • Major factors driving the sleeping aids market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the sleeping aids market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
  • Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
  • Major players operating in the sleeping aids market and their service offerings

Globally, the North American sleeping aids market is predicted to demonstrate substantial growth in the upcoming years, primarily because of the rising prevalence of sleep ailments, rapid technological advancements and innovations, increasing research and development (R&D) projects, and surging number of initiatives and measures being taken by many non-government organizations as well as the governments of various North American countries for creating public awareness about different sleep disorders and sleep hygiene.

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Some of the prominent sleeping aids market players are Merck & Co. Inc., Sanofi, Pfizer Inc., Koninklijke Philips N.V., Natus Medical Incorporated, SleepMed Inc., Takeda Pharmaceutical Company Limited, Drive DeVilbiss Healthcare, Cadwell Industries Inc., GlaxoSmithKline plc, Fisher & Paykel Healthcare Limited, Compumedics Limited, Serta Simmons Bedding LLC, BRAEBON Medical Corporation, SomnoMed Limited, BMC Medical Co. Ltd., Löwenstein Medical GmbH & Co. KG, Tempur Sealy International Inc., and ResMed Inc.

The research includes detailed analysis of;

Based on Offering

  • Mattresses and Pillows
  • Sleep Laboratory Services
  • Medication
  • Sleep Apnea Devices

Based on Sleep Disorder

  • Insomnia
  • Sleep Apnea
  • Restless Legs Syndrome (RLS)
  • Narcolepsy
  • Sleep Walking

More Reports of Life Sciences by P&S Intelligence

Sleep Apnea Devices Market- http://www.psmarketresearch.com/market-analysis/sleep-apnea-devices-market

Asia-Pacific Sleeping Aids Market – https://www.psmarketresearch.com/market-analysis/asia-pacific-sleeping-aids-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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