PUBLISHER: The Business Research Company | PRODUCT CODE: 1695918
PUBLISHER: The Business Research Company | PRODUCT CODE: 1695918
Sleeping Aids Global Market Opportunities And Strategies To 2034
Sleeping aids refer to a range of products, devices and solutions designed to assist individuals in achieving better sleep quality, whether by addressing specific sleep disorders or enhancing overall restfulness. They are used to manage or alleviate sleep disturbances, such as insomnia or difficulty maintaining restful sleep.
The sleeping aids market consists of sales, by entities (organizations, sole traders or partnerships), of sleeping aids that are commonly employed when individuals experience difficulties falling asleep, staying asleep or achieving restorative sleep. They are often used at home, in medical facilities such as hospitals or sleep laboratories and in specialized wellness centers.
The global sleeping aids market was valued at $71,284.49 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 4.00%.
Increased Prevalence Of Sleep Disorders
The increased prevalence of sleep disorders propelled the growth of the sleeping aids market in the historic period. Sleep disorders refer to medical conditions that disrupt normal sleep patterns, such as insomnia, sleep-disordered breathing and circadian rhythm sleep disorders. The prevalence of sleep disorders is due to stress, unhealthy lifestyles, chronic conditions, mental health issues and increased awareness, with better diagnostics. Sleeping aids are commonly used to manage sleep disorders by helping individuals fall asleep, stay asleep or improve sleep quality. These aids include over-the-counter medications, prescription drugs, melatonin supplements and natural remedies that can be effective for conditions such as insomnia, sleep-disordered breathing and circadian rhythm disturbances. For instance, in March 2023, according to a report published by the American Academy of Sleep Medicine, a US-based professional association, obstructive sleep apnea affects 30 million Americans, with 80% undiagnosed (23.5 million cases), leading to $149.6 billion in annual costs from health issues, accidents and lost productivity. Therefore, the increased prevalence of sleep disorders drove the growth of the sleeping aids market. Therefore, the increased prevalence of sleep disorders supported the growth of the sleeping aids market.
AI-Powered Personalization In The Sleeping Aids Market
Companies in the sleeping aids market are increasingly focusing on offering personalized sleep solutions with smart devices, such as AI integration in sleep technology, that adjust based on user feedback and apps that provide detailed sleep analytics and advice for better sleep hygiene. This personalization helps cater to a wider range of individual sleep needs. AI integration in sleep technology involves using advanced algorithms and data analytics to personalize sleep solutions, track sleep patterns and provide actionable insights to improve sleep quality. For instance, in November 2024, The Sleep Company (TSC), an India-based mattress developer, unveiled the 'SensAI Sleep Analyzer Pillow', the world's first AI (Artificial Intelligence)-powered SmartGRID pillow. The pillow aims to address the limitations of wearable sleep trackers. Equipped with a non-intrusive sleep tracker, the pillow features a sensor strip placed under the pillow and mattress to monitor sleep duration, quality (including deep and REM (Rapid Eye Movement) stages), body movements and restorative metrics, such as heart rate and breathing rate. All data is transmitted to an interactive app, offering users detailed insights, sleep scores and personalized recommendations to improve sleep health. The product range aims to educate users and help them optimize their sleep cycles for better well-being.
The global sleeping aids market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 39.8% of the total market in 2023.
Sleeping Aids Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global sleeping aids market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
The report covers the following chapters
Markets Covered:
Table of Contents
1 Executive Summary
- 1.1 Sleeping Aids - Market Attractiveness And Macro economic Landscape
2 Table Of Contents
3 List Of Tables
4 List Of Figures
5 Report Structure
6 Market Characteristics
- 6.1 General Market Definition
- 6.2 Summary
- 6.3 Sleeping Aids Market Definition And Segmentations
- 6.4 Market Segmentation By Product
7 Major Market Trends
8 Sleeping Aids Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Sleeping Aids Market Segmentation
11 Sleeping Aids Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape And Company Profiles
20 Company Profiles
21 Competitive Benchmarking
22 Competitive Dashboard
23 Key Mergers And Acquisitions
24 Opportunities And Strategies
25 Sleeping Aids Market, Conclusions And Recommendations
26 Appendix
