Persistence Market Research is released upcoming report on title "Sleep Aids Market - Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 01/30/2015 -- A sleep disorder is a medical condition of the sleeping patterns of a person and animal. Some sleep disorders, such as insomnia, sleep apnea, RLS, bruxism, narcolepsy and sleepwalking poise negative effects on human health. These sleeping disorders affect not only personal health; they also pose adverse effects on personal relationships and reduce neural efficiency of patients. To overcome on this problem, sleep aids play an important role for diagnosis and treatment of sleep disorders. Sleep aids include medications and sleep-aid devices for diagnosis and treatment of the disorders.
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The global market of sleep aids is categorized based on various sleep disorders and product types. The sleep disorder segment is further sub-segmented in insomnia, sleep apnea, RLS, bruxism, narcolepsy and sleepwalking. Insomnia is one of the most common sleeping disorders and its treatment holds largest share in sleeping disorders treatment market. Insomnia is characterized by a lack of sleep. It is divided into two main categories: sleep maintenance insomnia and sleep onset insomnia. Moreover, product type segmentation includes medications, sleep laboratories, mattresses and pillows and sleep apnea devices. The medication sub-segment is further sub-divided into prescription drugs, over-the-counter drugs and herbal remedies. The mattresses and pillows is the largest market sub-segment followed by sleep laboratories. Sleep apnea device is the fastest growing sub-segment in the product type segmentation.
Under geographic analysis, North America is the largest market for sleep aids followed by Europe and Asia. In North America, the U.S. represents the largest market for sleep aids. In Europe, Germany, France and the U.K. covers the major share of sleep aids market. Asia represents the fastest growing market for sleep aids, due to increasing ageing population. Sleep disorders are more common in people under the age group of 50-59.
Globally, sleep aids market is witnessing a significant growth due to ageing population, increasing cases of sleep disorders and increased demand of sleeping pills for treatment of sleep disorders. Moreover, several government associations, such as FDA and National Association of Boards of pharmacy (NABP), are also supporting in the growth of sleep aids market by providing specific guidelines for the use of sleep aids and their medications. However, several severe side effects associated with sleep aids medications impede the market growth. For instance, some of the major side effects of over-the-counter sleep aids include blurred vision, constipation and urinary retention, dry mouth and throat, dizziness and forgetfulness, severe drowsiness and clumsiness. Due to these types of side effects, many patients are not accepting sleep aids for treatment of sleep disorders.
Some of the key players operating in the sleep aids market are Cadwell Laboratories, Inc., Carefusion Corp., Cephalon Inc., Devilbiss Healthcare, Embla Systems, Fisher & Paykel, Glaxosmithkline, Johnson & Johnson, King Pharmaceuticals, Inc., Merck & Co., Inc., Natus Medical, Inc., Neurocrine Biosciences, Inc., Novadel Pharma, Inc., Pfizer, Inc., Philips Respironics, Inc., Resmed Inc., Sanofi-Aventis, Sealy Corp., Select Comfort Corp., Sepracor, Inc., Sleepmed, Inc., Somaxon Pharmaceuticals, Inc., UCB, Inc., Vanda Pharmaceuticals, Inc. and Xenoport, Inc.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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