Sleep Aid Devices Market Value is expected to US$ 29,200 Mn by end of 2026

Sleep Aid Devices Market Value is expected to US$
29,200 Mn by end of 2026
Healthcare, Pharmaceuticals & Medical Devices
February 2019
Report Id : REP-GB-8956
Status : Publish
Category : Healthcare, Pharmaceuticals & Medical Devices
©2015 Future Market Insights, All Rights Reserved
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Sleep Aid Devices Market Analysis
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
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.
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Sleep Aid Devices Market Analysis
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
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Sleep Aid Devices Market Analysis
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.
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Sleep Aid Devices Market Analysis
Key companies such as Tempur Sealy International, Simmons Bedding Company LLC, Sleep Number
Corporation, Dreams, ResMed, and Koninklijke Philips N.V. procure a major share in the sleep aid devices
market. Aforementioned manufacturers are endeavoring into developing new products for diversifying
their portfolio in the sleep aid devices market. Key manufacturers of sleep aid devices market are
collaborating with retailers, distributors, and local wholesalers, in order to expand their operations
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Domestic companies are competing depending on their channel management and pricing of the sleep aid
devices. On the other hand, key players in the sleep aid devices market are concentrating their efforts on
devising effective marketing strategies in order to increase the penetration of their products.
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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.

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