New York, NY -- (SBWIRE) -- 03/21/2016 -- Sleep aids are pills and medical devices that enable a person suffering from sleep disorder to fall asleep. Sleep aids consist of various products such as medications, sleep laboratories, sleep apnea devices, and mattresses & pillows.

Globally, the sleep aids market is witnessing significant growth due to growing aging population, increasing demand for sleeping pills due to stressful modern lifestyle, and rising initiatives by various health organizations to increase awareness about sleep disorders. However, factors such as side effects associated with sleep aids medications and patent expiration of major sleep drugs are key restraints for the growth of the global sleep aids market. The global sleep aids market was valued at US$ 58,080.0 Mn in 2014 and expected to account for US$ 80,814.7 Mn by the end of 2020 at a CAGR of 5.7%.

Interested in report: Please follow the below the links to meet your requirements; Request for the Report Sample: http://www.persistencemarketresearch.com/samples/2832

North America was the largest market for sleep aids in 2014, mainly due to technological advancements in the region. The North American market for sleep aids was valued at US$ 31,944.0 Mn in 2014 and is expected to account for US$ 44,523.8 Mn by 2020 at a CAGR of 5.7%. In terms of sleep disorders, sleep apnea is the fastest growing segment. In terms of product, mattresses and pillows are the largest segment in sleep aids market. In terms of medications, prescription medications are the largest segment in the market.

The North America sleep aids market was valued at US$ 31,944.0 Mn in 2014 and is expected to account for US$ 44,523.8 Mn by 2020 at a CAGR of 5.7%. The latest trends that have been observed in the global sleep aids market includes increasing usage of home sleep test for diagnosis of sleep apnea, continuous positive airway pressure (CPAP) therapy to treat sleep apnea, and wearable monitors and passive-off body sensors.

View TOC (table of content), Figures and Tables of the Report: http://www.persistencemarketresearch.com/toc/2832

Sanofi, Merck & Co., Pfizer, Koninklijke Philips N.V. (Philips), GlaxoSmithKline Plc, Takeda Pharmaceutical Company Limited, Care Fusion Corporation, Teva Pharmaceutical Industries Ltd. are some of the leading players in the global market for Sleep Aids market. Some of the other major players in Sleep Aids market are; Cadwell, SleepMed, Inc, Natus Medical manufactures, DeVilbiss Healthcare LLC and Compumedics Limited.

For more Info: http://www.persistencemarketresearch.com/contact-us.asp

About Persistence Market Research (PMR)
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.