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Sleep Economy or Sleep Aids Market 2022 : Global Industry Size, Analysis, Trends, and Regional Forecast by 2032 | Emergen Research

Global  Sleep Economy or Sleep Aids Market research report by Emergen Research offers strategic insights into the  Sleep Economy or Sleep Aids market business sphere and in-depth analysis of the industrial chain analysis, value chain analysis, upstream raw materials, investment strategies, regional expansions, and competitive landscape. For stakeholders, field marketing executives and product owners planning to maintain a competitive edge the market assessment report brings to light essential impression about the growth rate, share and size of the industry during the estimated period. Deep dive into an array of elements including but not limited to the value proposition, product positioning, and targeting and industry segmentation have been described through resources such as charts, tables, and info graphics.

In recent years, the sleep industry has witnessed a remarkable surge, giving rise to what is now known as the sleep economy. As people become increasingly aware of the importance of a good night’s sleep, the demand for sleep aids and related products has skyrocketed. This burgeoning market offers a wide range of solutions to help individuals achieve better sleep, from innovative technologies to traditional remedies. Let’s delve into the overview, drivers, restraints, and some statistics from government organizations that shed light on this thriving industry.

The sleep economy encompasses various sectors, including sleep aids, sleep technology, sleep clinics, and sleep-related services. Sleep aids, such as over-the-counter medications, herbal supplements, and sleep-inducing devices, have become increasingly popular among individuals struggling with sleep disorders or seeking to improve their sleep quality. Additionally, the advent of sleep technology, such as smart mattresses, sleep trackers, and wearable devices, has revolutionized the way people monitor and optimize their sleep patterns.

The global sleep economy or sleep aids market size was USD 512.80 Billion in 2022 and is expected to register a revenue CAGR of 6.3% during the forecast period, according to latest analysis by Emergen Research. Several factors contribute to the rapid growth of the sleep economy. Firstly, the increasing prevalence of sleep disorders, such as insomnia, sleep apnea, and restless leg syndrome, has propelled the demand for sleep aids. According to the Centers for Disease Control and Prevention (CDC), approximately 50-70 million adults in the United States suffer from sleep disorders, highlighting the vast market potential for sleep-related products and services.

Moreover, the growing awareness of the detrimental effects of sleep deprivation on overall health and well-being has prompted individuals to seek effective solutions. Sleep aids offer a convenient and accessible means to address sleep-related issues, providing relief from insomnia symptoms and promoting restful sleep. As a result, the sleep economy has witnessed a surge in demand, with consumers actively seeking products that can enhance their sleep quality.

However, despite the promising growth prospects, the sleep economy faces certain restraints. One significant challenge is the lack of regulation and standardization in the sleep aids market. With numerous products flooding the market, consumers often find it challenging to navigate through the vast array of options and identify reliable and effective sleep aids. This lack of regulation not only poses potential health risks but also hampers the growth of the industry.

To address these concerns, government organizations have taken steps to monitor and regulate the sleep economy. For instance, the Food and Drug Administration (FDA) in the United States has implemented guidelines for the safety and efficacy of sleep aids, ensuring that manufacturers adhere to stringent quality standards. Additionally, the National Institutes of Health (NIH) has been actively funding research to better understand sleep disorders and develop innovative solutions.

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Key companies operating in the market include:

GlaxoSmithKline Plc., Merck KGaA, Amazon.com, Inc., Idorsia Pharmaceuticals Ltd., Koninklijke Philips N.V., SlimScience, BAYER AG, THE SLEEP COMPANY, Eisai Co., Ltd, and ResMed

The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

What does this Report Deliver?

Market Estimation for 20+ Countries

Customization on Segments, Regions, and Company Profiles

100+ tables, 150+ Figures

Global and Country Market Trends

Comprehensive Mapping of Industry Parameters

Attractive Investment Proposition

Competitive Strategies Adopted by Leading Market Participants

Market drivers, restraints, opportunities, and their impact on the market

Market growth rate till  2028

Segments Covered in this report are:

  • Product Type Outlook (Revenue, USD Billion; 2019-2032)

    • Sleep Products
      1. Mattresses and Bedding
      2. Pillows and Cushions
      3. Sleepwear and Pajamas
      4. Blankets and Comforters
      5. Sleep Accessories
    • Sleep Medications and Supplements
      • Prescription-based Drugs
        1. Benzodiazepines
        2. Non-benzodiazepines (e.g., Zolpidem, Eszopiclone)
        3. Orexin Receptor Antagonists (e.g., Suvorexant)
      • OTC Drugs
      • Herbal Drugs
    • Sleep Technology
      • Sleep Trackers and Wearables
      • Sleep Sound Machines
      • Light Therapy Devices
      • Sleep Apnea Devices
        1. Positive Airway Pressure (PAP) Devices
        2. Facial Interfaces
        3. Oral Appliances
        4. Adaptive Servo-Ventilators (ASVs)
        5. Others
    • Sleep Services
      1. Sleep Clinics and Diagnostic Centers
      2. Sleep Coaching and Therapy
      3. Sleep Retreats and Wellness Programs
      4. Sleep Consultations & Telemedicine
  • Sleep Disorder Outlook (Revenue, USD Billion; 2019-2032)

    • Insomnia
    • Sleep Apnea
    • Restless Legs Syndrome
    • Narcolepsy
    • Parasomnia
    • Others
  • Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)

    • Retail Pharmacies
    • Online Platforms
    • Supermarkets and Hypermarkets
    • Convenience Stores

The report considers the following timeline for market estimation:

  • Historical Years: 2017-2018
  • Base Year: 2019
  • Estimated Year: 2032
  • Forecast Years: 2024-2032

Each section of the report reveals critical information about the global  Sleep Economy or Sleep Aids Market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to recognize hidden business opportunities available in the global Sleep Economy or Sleep Aids Market , besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies such as manufacturing cost analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.

To learn more details about the Global  Sleep Economy or Sleep Aids Market report, visit @ https://www.emergenresearch.com/industry-report/sleep-economy-or-sleep-aids-market

Sleep Economy or Sleep Aids Market research report depicts the latest market scenario with updated trends and segmentation of the products and services. The study provides crucial information on the market situation, size, share, growth factors of the  Sleep Economy or Sleep Aids Market

Overview of the  Sleep Economy or Sleep Aids Market Report:

  • Introduction, Product Scope, Sleep Economy or Sleep Aids Market Overview, and Opportunities
  • Analysis of the Manufacturers with sales, revenue, and price analysis
  • Comprehensive analysis of the competitive landscape
  • Extensive profiling of the key competitors along with their business strategies and market size
  • Regional analysis of the market along with sales, revenue, market share, and global position
  • Country-wise analysis of the market along with types, applications, and manufacturing
  • Strategic recommendations to established players as well as new entrants
  • In-depth analysis of the risks, restraints, and limitations in the Sleep Economy or Sleep Aids Market industry

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TOC of the global Sleep Economy or Sleep Aids Market report:

Chapter 1, describes the Sleep Economy or Sleep Aids Market  Introduction, market overview, product offerings, growth opportunities, market risks, driving forces, and challenges.

Chapter 2, analyzes the key manufacturers of Sleep Economy or Sleep Aids Market , along with the sales, revenue, and price of Sleep Economy or Sleep Aids Market , in the forecast period.

Chapter 3, studies the competitive situation among the major manufacturers and vendors, with sales, revenue, and market share.

Chapter 4, analyzes the global market by regions, with sales, revenue, and market share of Sleep Economy or Sleep Aids Market, for each region, from 2020 to 2032.

Chapters 5, 6, 7, 8 and 9, analyze the Sleep Economy or Sleep Aids Market  by type, application, regions, and manufacturers, with sales, revenue, and market share by key countries in these regions…Continued

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