Global Sleep Aids Market

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.

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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).

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. '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)', '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.'

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-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.

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.

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Global Sleep Aids Market

Report ID: SQMIG35I2107

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