{"id":45217,"date":"2022-06-17T15:01:45","date_gmt":"2022-06-17T13:01:45","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/the-worldwide-sleep-aids-industry-is-projected-to-reach-111-billion-by-2030-researchandmarkets-com\/"},"modified":"2022-06-17T15:01:45","modified_gmt":"2022-06-17T13:01:45","slug":"the-worldwide-sleep-aids-industry-is-projected-to-reach-111-billion-by-2030-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/the-worldwide-sleep-aids-industry-is-projected-to-reach-111-billion-by-2030-researchandmarkets-com\/","title":{"rendered":"The Worldwide Sleep Aids Industry is Projected to Reach $111 Billion by 2030 – ResearchAndMarkets.com"},"content":{"rendered":"
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DUBLIN–(BUSINESS WIRE)–The “Sleep Aids Market by Product and Sleep Disorders: Global Opportunity Analysis and Industry Forecast, 2021-2030”<\/a> report has been added to ResearchAndMarkets.com’s<\/strong> offering.\n<\/p>\n

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\nThe global sleep aids market was valued at $59,815.10 million in 2020, and is projected to reach $111,920.10 million by 2030, registering a CAGR of 6.9%from 2021 to 2030.\n<\/p>\n

\nSleep is a biological requirement that maintains metabolic homeostasis, influences memory and other cognitive functions, and regulates immune function. Sleep aids are drugs, medical devices, and services that are used to diagnose and treat various sleep disorders such as sleep apnea and insomnia. Lack of quality sleep leads to sleep disorders, which are caused due to medical issues, physical disturbances, environmental problems, and psychiatric disorders.\n<\/p>\n

\nThese sleep disorders are expected to adversely affect the human health and lead to a number of chronic diseases such as high blood pressure, diabetes, arthritis, and stroke. Thus, it is important to treat and diagnose these disorders at an early stage.\n<\/p>\n

\nThe benefits of using sleep aid products and rise in disposable income drive the growth of the market. Moreover, the rise in the geriatric and obese population has led to an increase in the cases of sleep disorder, which will increase the patient population with sleep disorders also contribute toward the growth of the market. However, the side effects of sleep aid medication on human health and large number of patent expiration of medication are the major barriers for the growth of the market. The advancement of sleep aid product is anticipated to help increase the adoption rate and the untapped market in developing economies are expected to offer lucrative opportunities for market expansion during the forecast period.\n<\/p>\n

\nThe sleep aids market is segmented on the basis of product, sleep disorder, and region. By product, the market is segmented into mattress & pillows, sleep laboratories, medications, and sleep apnea devices. The medications segment is further classified into prescription-based and over-the-counter (OTC) drugs. On the basis of sleep disorders, it is categorized into insomnia, sleep apnea, restless leg syndrome, narcolepsy, sleepwalking, and other sleep disorders. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.\n<\/p>\n

\nKey Benefits<\/strong>\n<\/p>\n