The global sleeping aids market size is expected to grow from $77.66 billion in 2022 to $83.45 billion in 2023, at a compound annual growth rate (CAGR) of 7.5%.
The sleeping aids market is expected to grow to $110.22 billion in 2027 at a CAGR of 7.2%.
The increasing incidence of sleep disorders is expected to propel the growth of the sleeping aids market going forward. Sleep disorders refer to disorders that occur because of a lack of sleep. Sleep disorders affect the overall health of the person, and hence sleeping aids are widely used as medications for reducing the cognitive impairment brought on by sleep deprivation in addition to enhancing sleep in the short term.
For instance, in January 2022, according to the National Center for Biotechnology Information, a US-based government department, sleep problems were projected to be present in 52.39% of COVID-19 patients, 45.96% of children and adolescents, 42.47% of healthcare workers, 41.50% of special populations with healthcare needs, 41.16% of university students, and 36.73% of the general population. This indicates that there is an increasing incidence of sleep disorders. Therefore, the increasing incidence of sleep disorders drives the sleeping aids market.
Sleeping aids refer to a class of psychoactive medications that are used to treat insomnia and sporadic sleeplessness. Sleeping aids can help decrease daytime tiredness and impaired thinking caused by sleep loss.
The main types of sleeping aids are mattresses and pillows, sleep laboratories, medications, prescription-based drugs, OTC drugs, herbal drugs, and sleep apnea devices. "Medications" refer to a formulation containing one or more active and/or inactive ingredients. The various indications include insomnia, sleep deprivation, narcolepsy, sleep apnea, and others. These are distributed through hospital pharmacies, retail pharmacies, e-commerce, sleep aids, drug stores, and others.
The sleeping aids market research report is one of a series of new reports from The Business Research Company that provides sleeping aids market statistics, including sleeping aids industry global market size, regional shares, competitors with a sleeping aids market share, detailed sleeping aids market segments, market trends and opportunities, and any further data you may need to thrive in the sleeping aids industry. This sleeping aids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Product innovations are a key trend gaining popularity in the sleeping aids market. Major market players are developing new products to sustain their position in the sleeping aids market, such as wearable sleep aids. For instance, in March 2022, StimScience, a US-based company operating in sleeping aids launched the wearable sleep aid Somnee. This product is the first electronic sleep aid headband with personalized non-invasive brain stimulation that improves sleep quality and reduces overnight tossing and turning by more than one-third in a 1,500-night home pilot study.
In August 2022, ResMed Inc., a US-based company for the treatment of sleep apnea, chronic obstructive pulmonary disease, and other respiratory conditions, acquired Mementor for an undisclosed amount. With this acquisition, the goal of the digital health application is to help people sleep better by offering an alternative to traditional pharmacological therapy. Mementor is a Germany-based consumer software developer that offers sleep medicine.
Major players in the market are
AstraZeneca Plc, Cadwell Industries Inc., Compumedics Limited, CSL Limited, Devilbiss Healthcare Pvt Ltd., Emergent Biosolutions Inc., F.Hoffmann-La Roche Ltd., Gamma Vaccines Pty Ltd., GlaxoSmithKline Plc, Koninklijke Philips N.V., Merck & Co. Inc., Natus Medical Incorporated, Novartis AG, Pfizer Inc., Sanofi, Sinovac Biotech Ltd., Sleepmed Inc., Acelity L.P. Inc., Eisai Co., Ltd., ResMed Inc., Fisher & Paykel Healthcare Lcorporation Limited, Braebon Medical Corporation, Löwenstein Medical GmbH & Co. KG, and Takeda Pharmaceutical Company Limited.
North America was the largest region in the sleeping aids market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sleeping aids report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the sleeping aids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The sleeping aids market consists of sales of insomnia treatment drugs, quazepam, narcolepsy treatment drugs, modafinil, and sodium oxybate. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The global sleeping aids market is segmented -
1) By Product: Mattresses And Pillows, Sleep Laboratories, Medications, Prescription-based Drugs, OTC Drugs, Herbal Drugs, Sleep Apnea Devices
2) By Indication: Insomnia, Sleep Deprivation, Narcolepsy, Sleep Apnea, Other Indications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, E-Commerce, Drug Stores, and Other Distribution Channels
2. Sleeping Aids Market Characteristics
3. Sleeping Aids Market Trends And Strategies
4. Sleeping Aids Market - Macro Economic Scenario
4.1. COVID-19 Impact On Sleeping Aids Market
4.2. Ukraine-Russia War Impact On Sleeping Aids Market
4.3. Impact Of High Inflation On Sleeping Aids Market
5. Sleeping Aids Market Size And Growth
5.1. Global Sleeping Aids Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Sleeping Aids Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Sleeping Aids Market Segmentation
6.1. Global Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Mattresses And Pillows
Sleep Laboratories
Medications
Prescription-based Drugs
OTC Drugs
Herbal Drugs
Sleep Apnea Devices
6.2. Global Sleeping Aids Market, Segmentation By Indication, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Insomnia
Sleep Deprivation
Narcolepsy
Sleep Apnea
Other Indications
6.3. Global Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Hospital Pharmacies
Retail Pharmacies
E-Commerce
Drug Stores
Other Distribution Channels
7. Sleeping Aids Market Regional And Country Analysis
7.1. Global Sleeping Aids Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Sleeping Aids Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Sleeping Aids Market
8.1. Asia-Pacific Sleeping Aids Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Sleeping Aids Market
9.1. China Sleeping Aids Market Overview
9.2. China Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Sleeping Aids Market
10.1. India Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Sleeping Aids Market
11.1. Japan Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Sleeping Aids Market
12.1. Australia Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Sleeping Aids Market
13.1. Indonesia Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Sleeping Aids Market
14.1. South Korea Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Sleeping Aids Market
15.1. Western Europe Sleeping Aids Market Overview
15.2. Western Europe Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Sleeping Aids Market
16.1. UK Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Sleeping Aids Market
17.1. Germany Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Sleeping Aids Market
18.4. France Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.5. France Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Sleeping Aids Market
19.1. Eastern Europe Sleeping Aids Market Overview
19.2. Eastern Europe Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Sleeping Aids Market
20.1. Russia Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Sleeping Aids Market
21.1. North America Sleeping Aids Market Overview
21.2. North America Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Sleeping Aids Market
22.1. USA Sleeping Aids Market Overview
22.2. USA Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Sleeping Aids Market
23.1. South America Sleeping Aids Market Overview
23.2. South America Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Sleeping Aids Market
24.1. Brazil Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Sleeping Aids Market
25.1. Middle East Sleeping Aids Market Overview
25.2. Middle East Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Sleeping Aids Market
26.1. Africa Sleeping Aids Market Overview
26.2. Africa Sleeping Aids Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Sleeping Aids Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Sleeping Aids Market Competitive Landscape And Company Profiles
27.1. Sleeping Aids Market Competitive Landscape
27.2. Sleeping Aids Market Company Profiles
27.2.1. Cadwell Industries Inc
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Compumedics Limited
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Devilbiss Healthcare Pvt Ltd
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. F.Hoffmann-La Roche Ltd
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. GlaxoSmithKline Plc
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Sleeping Aids Market
29. Sleeping Aids Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer
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