The global sleep aid market is projected to grow rapidly due to the increasing prevalence of sleep disorders such as insomnia, obstructive sleep apnea (OSA), and narcolepsy. In addition, increasing risk factors for sleep disorders such as depression, smoking, alcohol consumption, increased screen time, extended working hours, and increasing sleep awareness programs are driving the expansion of the sleep aid market.
Las Vegas, August 22, 2023 /PRNewswire/ — DelveInsight’s Insights on the sleep aid market The report provides current and projected market analysis, market shares, challenges, sleep aid market drivers, barriers and trends for each major sleep aid company, and key market sleep aid companies in the market.
Key Takeaways from the Sleep Aids Market Report
- DelveInsight estimates that North America is expected to dominate the global sleep aid market during the forecast period.
- Prominent sleep aid company Pfizer Japan Inc., Idolusia Pharmaceuticals Co., Ltd., Eisai Co., Ltd., Jazz Pharmaceuticals, Harmony Biosciences, Otsuka Holdings Co., Ltd., Procter & Co., Ltd. gamblingArlak Biotech Pvt. Ltd., Lumiera Health Inc, VedaOils, Forest Essentials, Neurim Pharmaceuticals LTD, Several companies are currently operating in the sleep aid market, such as.
- in February 2023Arlac Biotech announced the launch of superior quality Arlak Melatonin Spray, a convenient and efficient way to replenish your body’s natural production of melatonin for better sleep. India.
- in August 2021Vivos Therapeutics has received 510(k) market clearance from the US FDA for its mmRNA (Modified Mandibular Repositioning Night Appliance) device for the treatment of mild to moderate obstructive sleep apnea (OSA).
For more information on the latest highlights related to the Sleep Aids market, please view the snapshot of key highlights included in this report. Global Sleep Aid Market Report
Overview of sleep aids
A sleep aid is a substance or technology designed to help individuals obtain restful and rejuvenating sleep. These aids include a wide range of options, from over-the-counter supplements and prescription drugs to relaxation techniques and lifestyle adjustments. Sleep aids work by influencing the body’s natural sleep-wake cycle to induce sleep or improve sleep quality. It may be beneficial for those suffering from insomnia or irregular sleep patterns, but it is important to use it with caution, consulting with a medical professional and being aware of potential side effects and dependencies. Balanced sleep habits, a calming bedtime environment, and healthy sleep hygiene habits, along with sleep aids, can contribute to a sustainable and rejuvenating sleep.
Insights on the sleep aid market
North America Holding the largest share of the sleep aid market in 2021, 40.12%. This is likely due to the increased incidence of psychiatric and sleep disorders such as depression, anxiety, insomnia and obstructive sleep apnea, to name a few. In addition, rising rates of risk factors affecting sleep quality, such as obesity and stress, will influence the increase in sleep aids in the North American region.
In addition, Increased strategic behavior Approvals, launches, acquisitions, mergers, partnerships, among others, will strengthen the overall sleep aid market in the country. For example, Idorsia Ltd reports: January 2022 QUVIVIQTM (daridrexant) has been approved by the U.S. Food and Drug Administration (FDA) for the treatment of adult insomnia characterized by difficulty falling asleep and/or staying asleep.
To learn more about why North America Leading the growth of the sleep aid market. Get that snapshot. Sleep Aid Market Outlook
Sleep Aid Market Trends
In the sleep aid market, the demand for products in the sleep aid market is increasing. Increased number of risk factors Among them, sleep disorders such as depression, obesity, and smoking are becoming major market drivers for the sleep aid market. Another important factor that affects people’s sleep quality is more screen time and number of hours worked.
Similarly, Spread of portable electronic devices Also, the normalization of screen media devices in the bedroom has been associated with increased incidence of sleep deprivation, which is not only in teens, but also in the majority of toddlers, preschoolers and school-aged children. Influencing. These causes directly or indirectly contribute to worsening sleep patterns, ultimately leading to the development of significant sleep disturbances and increasing demand for sleep aids. moreover, Product development activities Approvals for new drugs are expected to contribute to the expansion of the global sleep aid market.
but Negative effects of sleeping pills and the Underdiagnosis of sleep problems That could lead to a shortage of treatments and limit the growth of the sleep aid market.
Let’s take a look at what’s happening in the sleep aid market @ Sleep Aid Market Dynamics Analysis
CAGR of sleep aid market
Sleep aid market size by 2028
leading sleep aid company
Pfizer Japan Inc., Idorsia Pharmaceuticals Co., Ltd., Eisai Co., Ltd., Jazz Pharmaceuticals, Harmony Biosciences, Otsuka Holdings Co., Ltd., Procter & Gamble, Arlac Biotech Co., Ltd., Lumiera Health Inc., VedaOils, Forest Essentials, Neurim Pharmaceuticals LTD, etc.
Evaluation of the sleep aid market
- Sleep Aid Market Segmentation
- Sleep Aids Market Segmentation by Product Type: pharmaceuticals [Prescription, Over The Counter (OTC), Herbal And Dietary Supplements]sleep aid
- Sleep Aids Market Segmentation by Application: Insomnia, obstructive sleep apnea (OSA), narcolepsy, etc.
- Regional Segmentation of Sleep Aids Market: North America, Europe, Asia Pacificand other regions
- Porter’s Five Forces Analysis, Product Profile, Case Studies, KOL Views, Analyst Views
Which MedTech players in the sleep aid market are the trendsetters exploring? sleep aid company
table of contents
Introduction to the report
Regulatory and patent analysis
Analysis of key factors
Porter’s Five Forces Analysis
Analysis of the impact of COVID-19 on the sleep aid market
Sleep Supplements Market Layout
Global Company Share Analysis – 3 to 5 Leading Companies
sleep aid Market company and product overview
Curious about the sleep aid market by 2028? Click to get a snapshot Sleep improvement drug market trends
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Source: DelveInsight Business Research, LLP