Research Nester has released a report titled “Therapeutic Weighted Blankets Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global therapeutic weighted blankets market in terms of market segmentation by size, by weight, by filling type, by end user, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global therapeutic weighted blankets market is segmented by distribution channel into online and offline, out of which, online distribution channel segment is anticipated to hold the largest market share owing to increasing penetration of the e-commerce industry amongst individuals backed by the convenience of use for shopping on the internet, along with the rising smartphone and internet users around the globe. Additionally, growing number of online shoppers around the globe is also anticipated to promote towards the growth of the segment in the global therapeutic weighted blanket market. In the statistics by the International Telecommunication Union (ITU), total numbers of individuals using the internet peaked to 4031 million from 2035 million in-between 2010-2019.
The global therapeutic weighted blankets market is anticipated to record a robust CAGR during the forecast period, i.e. 2020-2028. Rising awareness amongst people for the critical relationship between sleep, good health and quality of life obtained from a good night’s sleep, coupled with the growing bedding and sleeping products industry are some of the factors anticipated to bolster the growth of the global therapeutic weighted blankets market over the forecast period. In the statistics by the Centers for Disease Control and Prevention (CDC), to maintain good health and wellbeing, adults need 7 or more hours of sleep per night.
Regionally, the global therapeutic weighted blankets market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is anticipated to hold the largest market share owing to the presence of numerous patients with issues of sleep deprivation along with the rising awareness for such issues and the need for non-drug solutions amongst the people. Moreover, presence of several key players in the region, who are into the promotion of the benefits associated of using therapeutic weighted blankets, coupled with the rising concern for diseases such as Alzheimer’s, Autism and others amongst people are some of the factors anticipated to promote the growth of the therapeutic weighted blankets market in the region.
The Rising Geriatric Population and the Concern for Sleep Deprivation
In the statistics by the World Bank, prevalence of geriatric population aged 65 and above around the world peaked to 8.87% of total population from 7.57% of total population in-between 2010-2018.
It is observed most often that the elderly population face sleep deprivation issues. With the growing geriatric population along with the concern for diseases such as Alzheimer’s and dementia, which causes older adults to feel agitated, anxious or have disturbed sleep, there is a rising need for non-drug solutions which can provide them the comfort of having a good night sleep so as to help build their strength, lift their mood and increase the fighting ability of their body against infections. Therapeutic weighted blankets work on the principle of Deep Touch Pressure (DTP). Using the blanket by the seniors helps to relax and improve their sleep quality as the body feels the gentle pressure of the blanket and produces a chemical known as serotonin, which is considered as a natural mood stabilizer.
However, concerns regarding high price of therapeutic weighted blankets which might impact the sales of the manufacturers is anticipated to limit the growth of the global therapeutic weighted blankets market.
This report also provides the existing competitive scenario of some of the key players of the global therapeutic weighted blankets market, which includes company profiling of SensaCalm, Mosaic Weighted Blankets, Merrylife, Luna Wellness LLC, Layla, Helix Sleep, Harkla, Gravity Blankets, Calm Blanket and Baloo Living. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global therapeutic weighted blankets market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.