An Incisive, In-depth Analysis on the Sleep Aid Devices Market
This study offers a comprehensive, 360 degree analysis on the Sleep Aid Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Sleep Aid Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Demand for sleep aid devices is widely prevalent, owing to the increasing sleep disorders such as insomnia, obstructive sleep apnea, and central sleep apnea. Severe side effects of sleeping sedatives such as allergy, hypnotics, hematologic reactions, and hepatotoxic, have influence the individuals to favor sleep aid devices over sleeping pills.
There has been a significant surge in the demand for sleep aid devices ascending from the rising geriatric population, by the dent of insomnia being common in this demography. Pervasiveness of polypharmacy and multimorbidity in the elderly population have a strong impact on their sleeping patterns, which is further anticipated to drive the growth of sleep aid devices. Comorbidities such as type 2 diabetes, obesity, stroke, heart diseases, and atherosclerosis, along with the diseases caused by smoking, drug of abuse, and alcohol have affected the sleep of individuals.
With the considerable rise in the disposable incomes of the individuals, affording these sleep aid devices is possible for the consumers. This in turn, offers a lucrative growth opportunity to the sleep aid devices market at the global level. A host of these factors have contributed to the affluent growth of sleep aid devices market, which is projected to clock an impressive CAGR of over 4% by the end of 2026.
Increasing Awareness of Disorders Pertaining to Sleep is Anticipated to Trigger the Growth of Sleep Aid Devices Market
Various government & non-government groups like Circadian Sleep Disorders Network & American Sleep Apnea Association (ASAA) are organizing numerous programs for increasing awareness of the significance of sound sleep and the utilization of sleep aid devices. Another centralized organization, National Sleep Foundation dedicated an entire week by celebrating sleep cognizance week, in the bid to create cognizance of sleep disorders.
Such thoughtful initiatives taken by the government and private organizations have contributed to the growing inclination of people towards sleep aid devices. On the back of these factors, the global sleep aid devices market is growing at an accelerated pace.
Mergers and Acquisitions Prevailing in Sleep Aid Market to Fortify the Growth of Sleep Aid Devices Market
Key insights derived from the report comprises of an incisive view of the leading players working towards transforming the existing scenario of sleep aid devices market. The report profiles players such as ResMed Inc., Sleep Number Corporation, Koninklijke Philips N.V., Responsive Surface Technology LLC, Simmons Bedding Company LLC, Eight Sleep Inc., Electromedical Products International, Inc., Ebb Therapeutics, Sleepace Inc., Kingsdown, Inc., Drive DeVilbiss Healthcare LLC, SleepMed Inc., Cadwell Laboratories Inc., Teva Pharmaceutical Industries Ltd., Drive Medical Ltd., and RESPeRATE.
Key players such as Tempur Sealy International, Simmons Bedding Company LLC., Sleep Number Corporation, Dreams, ResMed, and Koninklijke Philips N.V. enjoy a significant share in the global sleep aid devices market. These players are putting their efforts into developing new products and diversifying their portfolio in sleep aid devices market. With a view to expanding their operations, manufacturers of sleep aid devices market are collaborating with retailers, distributors, and local wholesalers.
Regional players are competing in sleep aid devices market on the basis of their even distribution of channel and pricing of sleep aid devices. On the contrary, the leading players in sleep aid devices market are focusing on effective marketing strategies to increase the penetration of their product. Strategic mergers and acquisitions happening in sleep aid devices market have been a robust growth driver for the sleep aid devices market. Recent developments and business strategies adopted by these leading firms are projected to fortify the growth of the global sleep aid devices market by 2026 end. A decisive view on each of these players and their participation in the global sleep aid devices market growth is encapsulated in the report.
Report Description
A recently published research report by Future Market Insights (FMI), lends a holistic view of the crucial market dynamics affecting the growth of sleep aid devices market. A precise information on the growth possibilities of market has been obtained by analyzing various historic and existing growth parameters. The market study offers an in-depth information on the present as well as future growth opportunities of the market in an elaborative way, in order to provide better understanding to the stakeholders.
Chapter 1: An Executive Summary
This descriptive market study begins with an executive summary, which comprises a gist of major statistics and key findings of sleep aid devices market. Market value has been evaluated in terms of revenue (US$ Mn). The report also provides market value of the major market segments.
Chapter 2: Introduction to the Market
In this section of the report, the stakeholders of the market can find comprehensive taxonomy as well as the related market definition.
Chapter 3: Opportunity Analysis for Sleep Aid Devices Market
In this section of the report, an explanation on how the market could grow in the geographies – North America, Europe, Latin America, China, Asia-Pacific except China, and Middle East and Africa (MEA) is included.
Chapter 4: Economic Outlook At the Global Level
This chapter of the market study sheds light on the economic factors affecting the growth of sleep aid devices market including the health expenditure on the basis of the country, political scenario, business environment, and economic scenario.
Chapter 5: Background of the Market
The stakeholders can discover the value chain of sleep aid devices market, besides the market dynamics comprising drivers, market opportunities, market trends, and restraints.
Chapter 6: Major Inclusions
This section of the report elucidates regulatory landscape of the global sleep aid devices market, statistics, disease epidemiology, white-space opportunities narcolepsy & OSA diseases, pricing analysis and technology assessment.
Chapter 7: Market Analysis for North America (2013–2017 and the Forecast for 2018–2026)
In this chapter, a comprehensive analysis of market growth of North American sleep aid devices market is included, besides a region-wise study consisting of Canada and the U.S. Stakeholders can find local trends, regulations, and the market growth depending on the product type, key indication, and the end-user.
Chapter 8: Market Analysis for Latin America (2013–2017 and the Forecast for 2018–2026)
This chapter consists of an in-depth analysis of market growth of Latin America Sleep Aid Devices Market apart from a region-wise assessment comprising Mexico, Brazil, and the Rest of Latin America.
Chapter 9: Market Analysis for Europe (2013–2017 and the Forecast for 2018–2026)
In this chapter, a comprehensive analysis of market growth of European sleep aid devices market is included, besides a region-wise study consisting of Germany, France, the U.K., Italy, Russia, Spain, Poland and the Rest of the Europe.
Chapter 10: Market Analysis for Asia-Pacific Except China (2013–2017 and the Forecast for 2018–2026)
In this chapter, a comprehensive analysis of market growth of Asia Pacific except China’s sleep aid devices market is included, besides a region-wise study consisting of China, India, ASEAN, ANZ, and the Rest of the APAC.
Chapter 11: Market Analysis for China (2013–2017 and the Forecast for 2018–2026)
In this chapter, a comprehensive analysis of market growth of Chinese sleep aid devices market is included.
Chapter 12: Market Analysis for Middle East and Africa (2013–2017 and the Forecast for 2018–2026)
This chapter consists of an in-depth analysis of market growth of the Middle East and African Sleep Aid Devices Market apart from a region-wise assessment comprising South Africa, Rest of the MEA, and GCC Countries.
Chapter 13: The Forecast Factors Based on Relevance & Impact
This section elaborates the influence of various forecast factors in the global sleep aid devices market.
Chapter 14: Assumptions for the Forecast
This sections describes effect of various factors on the sleep aid devices market size along with its relative weightage.
Chapter 15: Structure Analysis of the Market
In this section, the stakeholders can find in-depth explanation of sleep aid devices market structure on the basis of tier, its market share (2017) by region of the top players, and the product intensity mapping with the help of key manufacturers.
Chapter 16: Competitive Landscape
This chapter comprises competition dashboard, profitability, gross margin analysis, and competition benchmarking on the basis of competition and the profile of the players.
Chapter 17: Market Analysis by Region (2013-2017 and the Forecast for 2018–2026)
This section incorporates a comprehensive analysis of sleep aid devices market besides, the regional study comprising of the North America, CIS and Russia, Europe, Asia Pacific Except China, Latin America, China, and the Middle East &Africa.
Chapter 18: Market Analysis by Indication, Product, and the End User (2013-2017 and the Forecast for 2018–2026)
The market is divided on the basis of indication, product, and the end user.
Chapter 19: Market Analysis (2013-2017 and the Forecast for 2018–2026)
This section consists of an analysis by segments, y-o-y growth analysis based on segments, and the absolute dollar ($) opportunity.
Chapter 20: Assumptions & Acronyms
This section includes various acronyms as well as assumptions as a base to information and the statistics incorporated in this report.
Chapter 21: Methodology
This section helps explains the research methodology in order to obtain conclusions, crucial qualitative information, as well as quantitative information.
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