The market is predicted to show immense potential in the given forecast period. The market is rising, due to the increase geriatric population and increasing awareness among various organizations for sleep disorders. With increasing number of professionals rescheduling their sleeping time due to working in night shifts, sleeping aids are likely to gain interest in the next few years.
Sleep Aids are drugs or medical devices that help a person in getting proper sleep. Lack of proper sleep cycle or sleep disorders have various negative effects on a person’s health and work life. Sleep Disorders are usually caused due to changes in sleeping patterns caused by medical issues, psychiatric problems and environmental issues.
Increase in usage of alcohol, caffeine, and tobacco has been leading to sleep disorders in the population. This has been one of the major factors driving the market for sleeping aids. Further, Increased demand for sleeping pills as a result of stressful modern lifestyle, sleep disorder awareness initiative by various organization have also contribute in the rapid growth of the market. Apart from the drivers, the Middle East & Africa Sleep Aids Market also faces some challenges and restraints which include, side effects associated with sleeping aids medications and patent expiration of treatment pills for sleep disorders.
The Middle East & Africa Sleep Aids Market is segmented on the basis of Sleep disorders, Products and Medication types. Based on sleep disorder the market is segmented under Insomnia, Sleep Apnea, Restless legs syndrome, Narcolepsy and Sleep walking. By product the market is segmented into Mattresses & Pillows, Sleep Laboratories, Medication and Sleep apnea devices. On the basis of Medication types the segmentation is done under Prescription-based Drugs, OTC drugs and Herbal Drugs. Sleep apnea remains to be the fastest growing segment compared to other sleep disorders, whereas Mattresses and pillows are expected to continue leading the market in coming years. On the basis of medication type, prescription medications hold the largest share in the market. On the basis of geographical analysis, the Middle East & Africa sleep aids market is segmented under two regions namely Middle East and Africa.
Based on geography, the report contains a wide array of countries covering all around the globe. Countries like USA, Canada, U.K., Spain, Germany, Italy, India, China, South Africa, Israel and Brazil are identified as the predominant markets for Sleep Aids . For more of regional analysis check out the following reports.
North America Sleep Aids Market Europe Sleep Aids Market Asia-Pacific Sleep Aids Market Latin America Sleep Aids Market Middle East and Africa Sleep Aids Market
The major companies discussed in the report which have the largest impact on the global market for Sleep aids devices include Sanofi, Pfizer, Koninklijke Philips N.V. (Philips),Merck & Co., GlaxoSmithKline Plc, Cadwell, SleepMed, Natus Medical manufactures, Care Fusion Corporation, DeVilbiss Healthcare LLC.
The Sleep Aids Market study offers the following deliverables: • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming • Segment-level analysis on basis of Sleep disorder, Product, Medication along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses • A comprehensive listing of key 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 • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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