Global Sleep Aids Market - North America has the largest market
2014 to 2020
Persistence Market Research
Global Sleep Aids Market is expected to
grow at a CAGR of 5.7% to account for
US$80.8 Bn by 2020 - Persistence Market
Research
Persistence Market Research
1
Global Sleep Aids Market - North America has the largest market
2014 to 2020
Persistence Market Research Released New Market Report “Global Market Study on
Sleep Aids: Sleep Apnea to Witness Highest Growth by 2020”, the global sleep aids
market was valued at US$ 58.1 Bn in 2014 and is expected to expand at a CAGR of 5.7% to
account for US$80.8 Bn by 2020.
Sleep aids are drugs and medical devices that help a person to fall asleep. Lack of quality
sleep leads to a medical condition known as a sleep disorder. Sleep disorder occurs due to
changes in sleeping pattern of a person which can be caused by physical disturbances,
medical issues, psychiatric problems, and environmental issues.
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Globally, the sleep aids market is witnessing significant growth due to rising incidence of
sleep disorders due to growing geriatric population, increasing demand for sleeping pills due
to stressful modern lifestyle and rising initiatives by various health organizations to increase
awareness about sleep disorders. However, factors such as side effects associated with
sleep aids medications and patent expiration of major sleep drugs are key restraints for the
growth of the global sleep aids market. The global sleep aids market was valued at US$ 58.1
Bn in 2014 and expected to account for US$ 80.8 Bn by 2020 at a CAGR of 5.7%.
North America has the largest market for the global Sleep Aids market. This is due to
technological advancements in the region. The North American sleep aids market was
valued at US$ 31.9 Bn in 2014 and is expected to account for US$ 44.5 Bn by 2020 at a
CAGR of 5.7%. In terms of sleep disorders, sleep apnea is the fastest...