The world sleep aids market is expected to register substantial growth in the near future attributed to stressful lifestyle and work schedule, rising aging population becoming susceptible to sleep disorders and increased awareness about sleep disorders. Other factors that drive the sleep aids market are increased intake of tobacco, caffeine and alcohol which causes sleep disorders. However, side effects of drugs such as head ache, vomiting and constipation are likely to restrain the growth of the market. Moreover, the patent expiration of the major sleeping drugs causes huge financial loss to the sleep aids market.
Sleeps aids are drugs and medical devices that treats sleep disorder or insomnia. Sleep disorder or insomnia is generally caused due to change in sleeping pattern, substance misuse and work issues. Most recent development in sleep aids involves the use of specialty mattresses, high-tech pillows, drugs and at-home tests.
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The concept of sleep aids have outpaced the traditional methods as they are effective in reducing the time taken to fall asleep and even increase the duration of sleep thereby proving better sleep inducers than traditional aids.
Further advancements such as increased usage of home sleep test and continuous positive airway pressure (CPAP) therapy for diagnosis of sleep apnea and growing adoption of wearable monitors and passive-off body sensors have propelled the growth of the market. In addition the growing acceptance of mattresses and pillows, sleeping aid medications (sleeping drugs), sleep laboratories, sleep apnea devices have increased the demand for sleeping aids.
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SLEEP AIDS MARKET SEGMENTS:
By Sleep Disorders
- Sleep Apnea
- Restless Legs Syndrome
- Sleep Walking
- Mattresses and pillows
- Sleep laboratories
- Sleep apnea devices
- Prescription based drugs
- OTC drugs
- Herbal drugs
- North America
- South Africa
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