(PharmaNewsWire.Com, June 02, 2017 ) Market Data Forecast recently published a report on the North America Sleep aids Market which estimates the market to grow from USD 30.9 billion from 2016 to USD 41.16 billion with a high CAGR of 5.9%.
Sleep aids refers to treatment for sleeping disorders such as insomnia, sleep apnea, sleepwalking, restless leg syndrome and narcolepsy. These disorders affect the health directly in a negative manner.
To give an idea in depth, most of the serious sleeping disorders are left undiagnosed and with no treatment which thereby, not only affects the personal health and relations of a person but also reduces working productivity. This market is essential for the purpose of rising awareness with regards to sleep aids and its existing treatment. Research and development on the working of the brain in relation with sleeping phenomena is one of the advancements of this market. , USA is set to devote around 20% of its GDP on healthcare facilities by 2017, which is the highest proportion in comparison with other developed countries.
The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Few factors analysed in the section are increasing prevalence of sleeping disorders, rising geriatric population, rising sleeping pills demand due to stressful lives, increasing government and non-government awareness institutions, side effects involved with sleep aids and expiration of patents of major sleeping drugs.
The products are segmented based on sleep disorder, product and medication and studied for a deep-level understanding of the Sleep aids market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Based on Sleep disorder:
Insomnia
Sleep Apnea
Restless legs syndrome
Narcolepsy
Sleep Walking
Based on Product:
Mattresses & Pillows
Sleep Laboratories
Medications
Sleep apnea devices
Based on Medication:
Prescription-based Drugs
OTC Drugs
Herbal Drugs
North American Market is studied in geographic perspective by segregating the market shares between USA and Canada. The study identifies USA as the predominant market in the North American region and it also holds well in the Global Market.
As per the report, companies like Sanofi, Pfizer, Koninklijke Philips N.V. (Philips), Merck & Co., Cadwell, Care Fusion Corporation and GlaxoSmithKline Plc are contributing a fair share to the North American Sleep Aids Market. However, due to advancements in the technology and improvements being made in healthcare facilities there is an intense competition among the players in the market.
Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
To detect major focus areas of industrial growth Segment-level analysis on basis of sleep disorder, product and medication along with market size forecasts and y-o-y estimations are provided
Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
PESTLE and Porters Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the clients research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well.
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