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Sleep Aid Supplements Market Segmentation By Sleep Disorders (Insomnia, Sleep Apnea, Restless Legs Syndrome, Narcolepsy, and sleep walking), By Product Type (Matresses and Pillows, Sleep Laboratories, Medication, and Sleep Apnea Devices) By Medication Type (Prescription-based Drugs, OTC Drugs and Herbal Drugs)– Global Demand Analysis and Opportunity Outlook 2021-2029

Buy Now Report ID: 3014 | Published Date: Feb 13, 2023

Market Segmentation

Our in-depth analysis of the global sleep aid supplements market includes the following segments:

By Sleep Disorders

  • Insomnia
  • Sleep Apnea
  • Restless Legs Syndrome
  • Narcolepsy
  • sleepwalking

By Product Type

  • Mattresses and Pillows
  • Sleep Laboratories
  • Medication
  • Sleep Apnea Devices

By Medication Type

  • Prescription-based Drugs
  • OTC Drugs
  • Herbal Drugs

Growth Drivers

  • Lifestyle changes, work load, stressful and hectic life.
  • Rise in awareness about sleeping disorders and technological advancements.
  • Rise in geriatric and obese population fuels the market growth.

Challenges

  • Stringent rules and regulations by government on pharmaceutical companies.
  • Patent Expiration.
  • Adverse side-effects of sleep aid medication.


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Sleep Aid Supplements Market
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Global Sleep Aid Supplements Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the increasing awareness about sleeping disorders, rise in the change in lifestyle, and rise in research for the development of various sleeping aids. For instance, Dr. Reddy’s Laboratory in 2019 launched generic Ramelteon tablets of 8mg strength to treat insomnia. CLICK TO DOWNLOAD SAMPLE REPORT 

Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the quick adoption of the latest technology and focus on developing new techniques with the involvement of natural products and herbs for lesser or no side effects. Sandland Sleep, a US-based company, on 5th April launched a non-pharmaceutical line of sleep aid products, “Fall Sleep and Stay Asleep” harnessing the power of the cannabinoid CBN. A natural, hemp-derived ingredient, CBN is scientifically proven to build up the body's natural ability to sleep without a high or hangover.

Europe holds second place in the market due to rising cases of sleep apnea and increasing awareness about various treatment available for sleeping disorders.

Global Sleep Aid Supplements Market

The global sleep aid supplements market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Global Sleep Aid Supplements Market
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Top Featured Companies Dominating the Market

top-features-companies
    • Teva Pharmaceutical Industries Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Koninklijke Philips N.V.
    • Merck & Co.
    • Sanofi
    • eVilbiss Healthcare LLC.
    • Pfizer Inc.
    • SleepMed Inc.
    • Cadwell Laboratories Inc.
    • Compumedics Limited
    • Natus Medical Incorporated, and
    • GlaxoSmithKline plc

In-the-news

In The News


preview-analysis

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Radhika Gupta, Shivam Bhutani


Key Questions Answered in the Report

1) What are the major factors driving the growth of the global sleep aid supplements market?

Ans: Rising prevalence of sleeping disorder is the key factors driving market growth.

2) What would be the CAGR of global sleep aid supplements market over the forecast period?

Ans: The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the global sleep aid supplements market growth?

Ans: Strict government laws and adverse side-effects of sleep aid medication are estimated to hamper market growth.

4) Which region will provide more business opportunities for growth of global sleep aid supplements market in future?

Ans: The market in Asia Pacific region will provide ample growth opportunities owing to the increasing innovation in the sleeping aid technology.

5) Who are the major players dominating the global sleep aid supplements market?

Ans: The major players dominating the global sleep aid supplements market are Teva Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, CareFusion Corporation, Tempur-Pedic Management Inc., Serta International, Compumedics Limited, Natus Medical Incorporated, GlaxoSmithKline plc. and among others.

6) How are the company profiles selected?

Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the global sleep aid supplements market?

Ans: The market is segmented by sleep disorders, by product, by medication type and region.

8) Which segment under the application segment captures the largest market size in the global sleep aid supplements market?

Ans: With respect to application, mattresses and pillows hold the largest market share owing to the easy availability and cost effectiveness.

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