The Sleep Aids market size is increasing, due to the rising geriatric population and increasing sense of awareness
Hyderabad, India -- (SBWIRE) -- 03/19/2018 -- According to a new market research report " Sleep Aids Market by Sleep Disorder (Insomnia, Sleep Apnea, Restless legs syndrome, Narcolepsy and Sleep walking), by Product (Mattresses & Pillows, Sleep Laboratories, Medication and Sleep apnea devices), by Medication (Prescription-based Drugs, OTC drugs and Herbal Drugs), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", published by MarketDataForecast™, the Sleep Aids market is expected to reach USD 83.8 Billion by 2021 from USD 59.6 Billion in 2016, at a CAGR of 6.32%. Factors driving the growth of this market include increased usage of caffeine, alcohol & cigarettes as they cause disorders in sleeping.
Browse Market Data Tables and Figures spread through 173 Pages and in-depth TOC on " Sleep Aids Market"
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Sleep apnea segment accounted for the largest market share in 2016
By sleep disorder, the Sleep Aids Market is classified into Insomnia, Sleep Apnea, Restless legs syndrome, Narcolepsy and Sleep walking. The sleep apnea segment dominated the global Sleep Aids Market in 2016. Factors driving the growth of this segment since sleep apnea is the most occurring disorder and this segment growth is expected to increase even further.
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By product, Mattresses & Pillows segment is expected to dominate the market in 2016
By product, the market is segmented into Mattresses & Pillows, Sleep Laboratories, Medication and Sleep apnea devices. The Mattresses & Pillows segment is accounted for the largest share of the global Sleep Aids Market in 2016 and is expected to continue the trend.
By Medication, the Prescription-based Drugs segment commanded the largest share of the market in 2016
On the basis of medication, the Sleep Aids Market is categorized into Prescription-based Drugs, OTC drugs and Herbal Drugs. The Prescription-based Drugs segment accounted for the largest share of the global Sleep Aids Market in 2016 and is expected to follow during the forecast period.
North America commanded the largest share of the market in 2016
Based on region, the Sleep Aids Market is segmented into North America, Europe, Asia, and Rest of the World (RoW). North America dominated the Sleep Aids Market in 2016 occupying more than 50% of the global market share.
The major companies dominating the market are Sanofi, Care Fusion Corporation, Merck & Co., Natus Medical manufactures, GlaxoSmithKline Plc, Pfizer, Koninklijke Philips N.V. (Philips), Cadwell, SleepMed, DeVilbiss Healthcare LLC.
The scope of the report provides:
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Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
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