The Global Sleep economy or sleep aids Market research study published by Emergen Research is an extensive collection of insightful information about the Sleep economy or sleep aids Market industry. The report provides comprehensive coverage of the Sleep economy or sleep aids Market scenario for the current period and forecast timeline of 2020- 2032 . The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.
The global sleep economy or sleep aids market size was USD 512.80 Billion in 2022 and is expected to register a revenue CAGR of 6.3% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of sleep disorders, growing investments and funding by the government toward promoting sleep health, and recent trends and innovations in sleep technology are some of the major factors driving revenue growth of the sleep economy or sleep aids market. The global sleep economy includes everything from beds and pillows to medical equipment. The sleep economy is composed of three components including ambiance modification such as bedding, lighting, and temperature control, routine management such as sleep monitoring or meditation apps, and treatment such as over-the-counter or prescription drugs and sleep apnea devices.
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Covid 19 impact analysis:
The Global Sleep Economy or Sleep Aids Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2020-2027. The report studies the historical data of the Sleep Economy or Sleep Aids market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Sleep Economy or Sleep Aids industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Sleep Economy or Sleep Aids market.
Major companies profiled in the market report include
GlaxoSmithKline Plc., Merck KGaA, Amazon.com, Inc., Idorsia Pharmaceuticals Ltd., Koninklijke Philips N.V., SlimScience, BAYER AG, THE SLEEP COMPANY, Eisai Co., Ltd, and ResMed..
Research objectives:
The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
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Emergen Research has segmented the global sleep economy or sleep aids market on the basis of product type, sleep disorder, distribution channel, and region:
· Product Type Outlook (Revenue, USD Billion; 2019-2032)
o Sleep Products
1. Mattresses and Bedding
2. Pillows and Cushions
3. Sleepwear and Pajamas
4. Blankets and Comforters
5. Sleep Accessories
o Sleep Medications and Supplements
o Prescription-based Drugs
1. Benzodiazepines
2. Non-benzodiazepines (e.g., Zolpidem, Eszopiclone)
3. Orexin Receptor Antagonists (e.g., Suvorexant)
o OTC Drugs
o Herbal Drugs
o Sleep Technology
o Sleep Trackers and Wearables
o Sleep Sound Machines
o Light Therapy Devices
o Sleep Apnea Devices
1. Positive Airway Pressure (PAP) Devices
2. Facial Interfaces
3. Oral Appliances
4. Adaptive Servo-Ventilators (ASVs)
5. Others
o Sleep Services
0. Sleep Clinics and Diagnostic Centers
1. Sleep Coaching and Therapy
2. Sleep Retreats and Wellness Programs
3. Sleep Consultations & Telemedicine
· Sleep Disorder Outlook (Revenue, USD Billion; 2019-2032)
o Insomnia
o Sleep Apnea
o Restless Legs Syndrome
o Narcolepsy
o Parasomnia
o Others
· Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)
o Retail Pharmacies
o Online Platforms
o Supermarkets and Hypermarkets
o Convenience Stores
Regional Outlook:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Global Sleep Economy or Sleep Aids Market Report:
· Analysis and estimation of the Sleep Economy or Sleep Aids market size and share for the projected period of 2020-2027
· Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
· Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Sleep Economy or Sleep Aids market
· Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
· Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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