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Global sleep aids market accounted for $49,543 million in 2016, and is estimated to reach at $79,851 million by 2023, registering a CAGR of 7.0% from 2017 to 2023. North America is the highest contributor in the sleep aids market; however, Asia-Pacific has witnessed the highest growth rate in 2016.
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Sleep Aids Market Opportunities and Forecasts, 2014- 2022
“The presence of large number of sleep disorder cases and rise in awareness about the adverse effects of sleep disorders on human health are anticipated to attract the patients with high purchasing power and boost the market growth.” SriramRadhakrishnan, Team Lead SLEEP AIDS MARKET
SLEEP AIDS MARKET OVERVIEW • The global sleep aids market accounted for $49,543 million in 2016, and is estimated to reach at $79,851 million by 2023, registering a CAGR of 7.0% from 2017 to 2023. • Sleep aids in the form of drugs and medical devices are used for the diagnosis and treatment of sleep disorders, such as sleep apnea and sleep walking. These are expected to improve the quality of sleep for patients with sleep disorders. • Change in lifestyle, stressful working condition, other issues that interfere with the sleep habits, rise in the disposable income among the customers, and growth in awareness about the adverse effects of sleep disorder on human health are expected to boost the growth of sleep aids market. • The mattress & pillows segment was the highest revenue contributor in 2016, and is anticipated to continue this trend during the forecast period. • North America dominated global sleep aids market, and is projected to grow at a CAGR of 6.6% and China is expected to grow at the highest CAGR of 10.8%in the Asia-Pacific., • Read more: https://www.alliedmarketresearch.com/sleep-aids-market
SLEEP AIDS MARKET KEY BENEFITS • This report entails a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities. • Market estimations are based on the comprehensive analysis of the key developments in the industry. • The global market is comprehensively analyzed with respect to product, sleep disorder, and geography. • In-depth analysis based on geography assists to understand the regional market and strategic business planning. • The developmental strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
SLEEP AIDS MARKET KEY FINDINGS • The sleep laboratories segment is projected to grow at the highest rate during the analysis period. • The insomnia segment generated the highest revenue, and is expected to continue its dominance in future. • North America dominated global sleep aids market, and is projected to grow at a CAGR of 6.6%. • China is expected to grow at the highest CAGR of 10.8%in the Asia-Pacific., • The narcolepsy segment is anticipated to grow at the highest at a CAGR of 9.1%.
SLEEP AIDS MARKET BY GEOGRAPHY North America, Europe, Asia-Pacific, LAMEA,
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