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Sleep Aids Market 2027: Production, Revenue, Growth Rate, Price and Gross Margin

Sleep aids are pills and medical devices that are used in the diagnosis and treatment of sleep disorders. Sleep aids consist of various products such as medications, sleep laboratories, sleep apnea devices, and mattresses & pillows.

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Sleep Aids Market 2027: Production, Revenue, Growth Rate, Price and Gross Margin

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  1. Sleep Aids Market 2027: Production, Revenue, Sleep Aids Market 2027: Production, Revenue, Growth Rate, Price and Gross Margin Growth Rate, Price and Gross Margin Sleep aids are pills and medical devices that are used in the diagnosis and treatment of sleep disorders. Sleep aids consist of various products such as medications, sleep laboratories, sleep apnea devices, and mattresses & pillows. Medications generally include drugs, which help induce sleep by restraining activities in the central nervous system. The global sleep aids market is estimated to account for US$ 80,814.7 Mn and is expected to reach US$ 118,825.4 Mn US$ 118,825.4 Mn by the end of 2027 US$ 80,814.7 Mn in terms of value 2027. Request For PDF Brochure Of This Report: Request For PDF Brochure Of This Report: https://www.coherentmarketinsights.com/insight/request-pdf/1059 https://www.coherentmarketinsights.com/insight/request-pdf/1059 Global Sleep Aids Market: Drivers Global Sleep Aids Market: Drivers Increasing prevalence of sleep disorders is expected to propel growth of the global sleep aids market over the forecast period. For instance, according to the study, ‘Worldwide and Regional Prevalence Rates of Co-Occurrence of Insomnia and Insomnia Symptoms With Obstructive Sleep Apnea: A Systematic Review and Meta-Analysis’ published in February 2019, the overall prevalence rates of insomnia, any insomnia complaints, difficulty falling asleep, difficulty maintaining sleep, and early morning awakening found in obstructive sleep apnea patients were 38%, 36%, 18%, 42%, and 21%, respectively. Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.      Insomnia held dominant position in the global sleep aids market in 2019, accounting for 30.1% share in terms of value, followed by sleep apnoea and restless legs syndrome, respectively. 30.1% Global Sleep Aids Market: Restraints Global Sleep Aids Market: Restraints Side effects associated with sleep aid medications are expected to hinder growth of the market.  The most common side effects associated with sleep aids medication are constipation, dizziness,

  2. headache, heartburn, dry mouth, and stomach pain. These side effects are associated with OTC as well as prescription-based sleep aids. Moreover, patent expiration of major sleep disorder drugs is also expected to limit growth of the market.  Patent expiration is one of the major concerns for pharmaceutical companies, as loss of patents of various major drugs result in heavy decline in sales revenue. Global Sleep Aids Market: Opportunities Global Sleep Aids Market: Opportunities Increasing prevalence of lifestyle disorders is expected to offer lucrative growth opportunities for players in the global sleep aids market. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045. Moreover, increasing funding in sleep aids is also expected to aid in growth of the market. For instance, in June 2019, CVS Health, a US-based pharmacy benefit manager, announced to fund Sleepio app, an insomnia app, developed by Big Health. The global sleep aids market was valued at US$ 80,814.7 Mn value of US$ 118,825.4 Mn US$ 118,825.4 Mn by 2027 at a CAGR of 5.7% US$ 80,814.7 Mn in 2019 and is forecast to reach a 5.7% between 2020 and 2027. Market Trends/Key Takeaways Market Trends/Key Takeaways The marker is witnessing increasing adoption of sleep apps. For instance, in May 2020, Kaiser Permanente Corporate Office Headquarters announced it has added Calm, an app for mindfulness meditation and sleep, to its digital self-care portfolio. The market is also witnessing development and launch of products that comply with regulatory guidelines. For instance, in May 2020, Sommetrics, Inc., a provider of products for the treatment of airway obstruction during sleep and in acute care settings, announced that its quality management system has been certified to the rigorous ISO 13485:2016 standard. Report includes chapters which deeply display the following deliverable about industry : Report includes chapters which deeply display the following deliverable about industry : • Sleep Aids Market Research Objective and Assumption • Sleep Aids Market Purview - Report Description, Executive Summary, and Coherent Opportunity Map (COM)

  3. • Sleep Aids Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis • Global Sleep Aids Market, By Regions • Sleep Aids Market Competition by Manufacturers including Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type. • Sleep Aids Market Manufacturers Profiles/Analysis including Company Basic Information, Manufacturing Base and Its Competitors. • Sleep Aids Market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers of Raw Materials. • Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials Sourcing and Downstream Buyers • Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning and Distributors/Traders List. • Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer Preference Change and Economic/Political Environmental Change. • Sleep Aids Market Forecast including Production, Consumption, Import and Export Forecast by Type, Applications and Region. • Research Findings and Conclusion Apply Promo Code “ Apply Promo Code “CMIFIRST1000 CMIFIRST1000” ” And Get Instant Discount Of And Get Instant Discount Of   USD 1000 USD 1000 Buy Now This Premium Report To Grow Your Business @ Buy Now This Premium Report To Grow Your Business @ https://www.coherentmarketinsights.com/insight/buy-now/1059 https://www.coherentmarketinsights.com/insight/buy-now/1059 Global Sleep Aids Market: Competitive Landscape Global Sleep Aids Market: Competitive Landscape Major players operating in the global sleep aids market include, Sanofi S.A., Merck & Co., Inc., Pfizer, Inc., Koninklijke Philips N.V., GlaxoSmithKline Plc, Sommetrics, Inc., ResMed Inc., Cadwell Laboratories, Inc., Therapix Biosciences Ltd., SleepMed, Inc., Natus Medical Incorporated, DeVilbiss Healthcare LLC, and Compumedics Limited. Global Sleep Aids Market: Key Developments Global Sleep Aids Market: Key Developments

  4. Major players in the market are focused on launching new products to expand their product portfolio. For instance, in January 2020, ResMed Inc. launched AirFit F30i, its first tube-up full face CPAP mask. Major players in the market are also focused on R&D of new products to expand their product portfolio.  For instance, in November 2019, Therapix Biosciences Ltd. announced topline results from its Phase IIa clinical study that demonstrated positive endpoints for THX-110, a combination of dronabinol (? -9-tetrahydracannabinol and CannAmide (palmitoylethanolamide), for treatment of obstructive sleep apnea. About Coherent Market Insights About Coherent Market Insights Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us Contact Us Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Phone: US +12067016702 / UK +4402081334027 Email: Email: sales@coherentmarketinsights.com sales@coherentmarketinsights.com

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