USD 78.0 billion
Sleep Aids Market Size, Share, Growth Analysis, By Product Type (Mattresses & Pillows, Medications), By Sleep Disorder (Insomnia, Sleep Apnea), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies), By End-User, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35I2107 |
Region:
Global |
Published Date: December, 2024
Pages:
244
|Tables:
67
|Figures:
76
Sleep Aids Market Insights
Sleep Aids Market size was valued at USD 78.52 Billion in 2023 and is poised to grow from USD 83.19 Billion in 2024 to USD 132.41 Billion by 2032, growing at a CAGR of 5.95% during the forecast period (2025-2032).
Sleep disorders are conditions that disrupt or weaken sleep patterns, giving rise to daytime sleepiness and other sleep aid symptoms. Inadequate sleep can cause problems in college, in addition to issues with work presentations, weight, thinking, mental health, interpersonal relationships, and the progression of heart disease and diabetes. Insomnia, sleep apnea, restless legs syndrome, and narcolepsy are some of the most widely known sleep disorders. Treatment options for sleep disorders include a variety of medicinal drugs medicines such as pitolisant, modafinil, and armodafinil, as well as supplements, therapy, and medications such as gabapentin, suvorexant, eszopiclone, zolpidem, melatonin, zaleplon, ramelteon, and Lemborexant. Some regular exercises and proper balance of light, noise, and temperature can play a vital role in sleep disorder; because exercises have a therapeutic effect on individuals who suffer from sleep disorders. However, the various side effects of sleep aids medicines on human health, as well as a vast number of patient medication expirations, are expected to impede sleep aids market growth during the forecast period.
US Sleep Aids Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Mattresses & pillows
Fastest Growth
Medications
Growth Rate
5.4% CAGR
Global Sleep Aids Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Sleep Aids Market Segmental Analysis
Global Sleep Aids Market is segmented by product type, sleep disorder, distribution channel, end-user and region. Based on product type, the market is segmented into mattresses & pillows, medications, sleep apnea devices, sleep laboratories and other products. Based on sleep disorder, the market is segmented into insomnia, sleep apnea, restless legs syndrome, narcolepsy, sleepwalking and other sleep disorders. Based on distribution channel, the market is segmented into retail pharmacies, hospital pharmacies, online pharmacies, sleep clinics and others. Based on end-user, the market is segmented into adults, children and elderly. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Sleep Aids Market Analysis by Product
Based on product, sleep aids market is segmented into mattresses & pillows, medications, sleep apnea devices, and others. The mattresses & pillows segment is anticipated to capture the sleep aid industry throughout the forecast period. The increasing developments in industrial methods are expected to influence the disposition of mattresses and pillows. Moreover, primary characteristics promoting segmental development include ease of use and accessibility of a variety of things, as well as increased awareness of the health benefits of adequate sleep. The increasing difficulties of sleeplessness will push the health association to develop new and more well-organized sleeping aids. People's changing lifestyles play an important role in the global sleep aids market growth.
Sleep Aids Market Analysis by Sleep-disorder
Based on sleep-disorder, the sleep aids market is segmented into insomnia, restless legs syndrome, sleep apnea, narcolepsy, sleep walking, and others. Because of the increasing prevalence of the disorder worldwide, the insomnia segment is expected to hold the largest sleep aids market share over the forecast period. Insomnia is a sleep disorder that makes it difficult to fall or stay asleep. Chronic stress, depression, pain, and other factors are common causes of this disorder.
During the forecast period, the sleep apnea segment is expected to grow at the fastest rate due to the rising prevalence of sleep apnea testing. Furthermore, the increasing use of CPAP (Continuous Positive Airway Pressure) devices is expected to drive segment growth. CPAP machines are devices that are used to treat sleep apnea. This device aids in the maintenance of proper sleep and provides snoring relief.
Global Sleep Aids Market By Product, 2021 (%)
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Sleep Aids Market Regional Insights
North America is anticipated to witness the largest sleep aids market share during the forecast timeframe owing to the high prevalence of sleeping disorders in the region as a result of the excessive consumption of alcohol and cigarettes. Furthermore, the participation of major manufacturers in the United States, as well as changing lifestyle awareness about sleep patterns and sleeping aids products, are expected to drive sleep aids market growth. In addition, the rising obesity and geriatric populations in the United States are anticipated to fuel the growth of sleeping aid medication and devices.
Over the forecasted years, the Asia Pacific sleeping aids market is projected to grow at the highest growth rate owing to the rising per capita income and growing public awareness of the adverse effects of sleeping disorders. Furthermore, the constantly evolving lifestyle, which has resulted in longer and more hectic working hours, as well as an increasing younger population, is expected to provide enormous potential for market growth.
Global Sleep Aids Market By Geography, 2021-2028
- Largest
- Fastest
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Sleep Aids Market Dynamics
Sleep Aids Market Driver
- The changing sleep habits of the global population as a result of modern lifestyles is the primary contributor to the growth of the sleeping aids market. Furthermore, the increasing wealth of consumers coupled with improved access to medical facilities as a result of the increasing demand for quality health care is expected to drive market growth during the forecast period.
Sleep Aids Market Restraint
- The increased use of innovative technologies has increased the difficulty in treating sleeping aids conditions. In addition, the lack of appropriate documents for the use and authority of sleeping medications, as well as inappropriate equipment settings related to sleep devices, are responsible for lower market growth.
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Sleep Aids Market Competitive Landscape
Global sleep aids market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Sleep Aids Market Top Player's Company Profiles
- Merck & Co., Inc. (USA)
- Sanofi (France)
- Koninklijke Philips N.V. (Netherlands)
- Pfizer Inc. (USA)
- GlaxoSmithKline PLC (UK)
- SleepMed Inc. (USA)
- Cadwell Laboratories Inc. (USA)
- Natus Medical Incorporated (USA)
- Fisher & Paykel Healthcare (New Zealand)
- ResMed Inc. (USA)
- Teva Pharmaceutical Industries Ltd. (Israel)
- AstraZeneca (UK)
- Takeda Pharmaceutical Company Limited (Japan)
- Vanda Pharmaceuticals Inc. (USA)
- Mylan N.V. (USA)
- Koninklijke Philips N.V. (Netherlands)
Sleep Aids Market Recent Developments
- In November 2022, Natrol, America's leading drug-free sleep aid brand, introduces MelatoninMax, the only sleep supplement product with 10 milligrams of melatonin in a single gummy.
- In October 2022, Pascoe Canada introduces Pascoflair Night, a sleep aid formulated with three medicinal herbs to promote restful sleep.
Sleep Aids Key Market Trends
- Sleep-inducing pillows and mattresses are becoming increasingly popular around the world, which has directly influenced the growth of the sleeping aids market. Increased cases of restless leg syndrome and sleep walking have also resulted in the arrival of massive revenues in the global sleeping aid industry. Narcolepsy is a sporadic condition that can be treated and managed with the help of sleep medications.
Sleep Aids Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global sleep aids market analysis, the growth of the Asia-Pacific market is being driven by an increase in the number of hospitals equipped with advanced instruments, improvements in the research & development activities, and expansion in healthcare reforms. The growing geriatric and obese populations have resulted in an increase in sleep disorder scenarios, which is estimated to rise the patients with sleep disorders, leading to market growth over the analysis period. However, rising concerns about the complexity of sleep disorder treatment as a result of the advent of new products are expected to hamper the market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 78.52 Billion |
| Market size value in 2032 | USD 132.41 Billion |
| Growth Rate | 5.95% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Sleep Aids Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sleep Aids Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sleep Aids Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sleep Aids Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sleep Aids Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sleep Aids Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sleep Aids Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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