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Sleeping Aid Market - Global Industry Analysis,Trends And Forecast 2015 - 2023

A new Upcoming market report by Transparency Market Research is Sleeping Aid Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2015 - 2023
Published 08 October 2015

Abnormal sleep patterns are referred as sleep disorders or somnipathy. Sleep disorders include symptoms such as feeling sleepy or irritable during day, waking up frequently during night, dependency on pills for sleep, difficulty in staying awake while sitting still and driving, slow reactions, and difficulty in concentration. Commonly observed sleep disorders include sleep apnea, restless legs syndrome (RLS), Narcolepsy, and Circadian rhythm sleep disorders. 

Factors such as increasing prevalence of chronic diseases, sedentary life style, irregular work shifts, and increased inter time zone travel are resulting in increased incidences of sleep disorders.As a result, rising incidences of sleep disorders are fueling the demand for sleeping aids. Moreover, consistent technological advances coupled with increased investments by several key market players in the development of efficient platforms would further accelerate the market growth. While on the other hand, high cost of diagnostic procedures and high level of patient discomfort during diagnosis, lack of awareness about symptoms of sleeping disorders, stigma associate with psychiatric treatments and delayed diagnosis are some of the factors challenging the growth of the global sleeping aids market.Furthermore, lack of proper accessibility and labor intensive procedures are some of the factors that are anticipated to hinder the growth of the market. 

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Based on the device type, the global sleeping aid market has been segmented as follows: 

  • Therapeutic Devices
    • Adaptive Servo Ventilation
    • Airway Clearance Systems
    • Positive Airway Pressure Devices
    • Oral Appliances
    • Oxygen Systems
    • Others
  • Diagnostic Devices
    • Actigraphy Systems
    • Polysomnography Systems
    • Respiratory Polygraph
    • Single Channel Screening Device
    • Others

Based on the treatment type, the global sleeping aid market has been segmented as follows: 

  • Psychiatric Therapy 
    • Light Therapy
    • Relaxation techniques
    • Stimulus control
    • Others
  • Medication Therapy
    • Doxepin
    • Estazolam
    • Eszopiclone
    • Ramelteon
    • Temazepam
    • Triazolam
    • Zaleplon
    • Others

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Geographically, the global sleeping aid market has been segmented into North America, Europe, Asia Pacific, Latin America and Rest of the World (RoW). North America comprises sleeping aid market for the U.S and Canada. Europe comprises cumulative market of sleeping aid in Germany, Italy, France, Spain, and Rest of Europe (RoE). Asia Pacific comprises cumulative market of sleeping aid in China, India, and rest of Asia Pacific (RoAPAC). Latin America includes market analysis of Brazil and Rest of Latin America. Rest of the World (RoW) comprises sleeping aid market in Middle East and Russia. Presently, North America and Europe are dominating the global sleeping aid market. Availability of well structured regulatory framework, high healthcare expenditure and high awareness about availability of treatments are some of the factors that are driving the sleeping aid market in Europe and North America. Developing countries of Asia Pacific are expected to show swift growth in the demand for sleeping aids. Factors such as rapidly growing medical tourism, increasing population working in shifts, rising work pressure, and increasing disposable income are some of the factors that are anticipated to boost the growth of sleeping aid market in Asia Pacific. Countries namely, Australia, China, New Zealand, India, Japan, Malaysia and Singapore are expected to fuel the demand for sleeping aid market in Asia Pacific region. 

CareFusion Corporation, Fisher & Paykel Healthcare, GE Healthcare, ImThera Medical, Inc., Philips Healthcare, ResMed, Inc., Teleflex, Inc., Pfizer, Inc., Abbott Laboratories, Novartis, Inc. and Teva Pharmaceutical are some of the players operating in the global sleeping aids market. 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of 

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

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