Pune, India, May 15, 2020 / PRNewswire / - A recent Infinium Global Research report, " Sleep Aids Market (by product - mattress...
Pune, India, May 15, 2020 / PRNewswire / - A recent Infinium Global Research report, " Sleep Aids Market (by product - mattresses and pillows, sleep laboratories, drugs and sleep - apnea devices, with sleep disorders - insomnia, sleep apnea, Restless legs syndrome, narcolepsy, walking sleep and other sleep disorders): analysis of global industry, trends, size, involvement and forecasts for 2025. " The study reported that the sleeping pill market would reach $ 114,150 . Millions in 2025 with an average annual growth rate of 7.0% in the forecast period (2019-2025). The report includes an in-depth study based on a survey conducted to analyze buying patterns, consumer behavior, and the factors that influence buying decisions. The report also includes information on corporate marketing strategies and measures to maintain their position in the local and / or global market. The study also provides information about factors that affect buyer decisions, consumer preferences, and demographic factors that drive product growth in the sleeping pill market.
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Mattresses and pillows are better than other types of sleeping pills
The report includes a detailed study of consumer preference for various products on the market. According to the results of the survey, most people around the world prefer mattresses and pillows over other types of sleeping pills. The main preference for mattresses and pillows is better availability and ease of use. The mattress and pillows, which have been specially developed for the treatment of sleep disorders, are available in many department stores or specialty shops. Unlike other products, there is no special way to use mattresses and pillows. They are used like any other mattress and pillow. They are also preferred over other types of sleeping pills on a variety of mattresses and pillows available on the market.
The main players in the global sleep aid market focus on new product launches, mergers and acquisitions.
The global sleeping pills market is highly competitive and inherently consolidated. The market is given to the presence of large multinational players as well as small local players. Companies like Sanofi, GSK and Pfizer have a significant share of the global sleeping pills market. These companies own some of the key brands in the global sleeping pill market, including Ambien CR, QuilliChew ER and Sominex. These brands have a higher brand value and loyal consumers, which supports market consolidation. The main market participants focus on strategies such as launching new products and completing mergers and acquisitions. For example, Dr. Reddy launched generic Ramelteon tablets on the U.S. market in July 2019 . The tablets have a strength of 8 mg and are used to treat insomnia. In May 2018 , Philips acquired a digital healthcare pharmaceutical company called NightBalance. The acquisition is expected to expand Philips' product portfolio for sleeping pills.
The market for sleeping pills is expected to grow given the increasing frequency of sleep disorders
The increasing prevalence of sleep disorders worldwide is the main growth driver on the world market. Sleep disorders are mainly due to pre-existing health problems, mental disorders, physical disorders and environmental changes. Around 70% of adults worldwide suffer from at least one sleep disorder. Insomnia affects between 30 and 45% of the world's adult population. While obstructive sleep apnea in the US has an estimated prevalence of 17% in men and 9% in women. In 2019, almost 30% of the world's population suffered from snoring. The increasing spread of these sleep disorders increases the demand for sleeping pills.
In addition, other factors, including increased mental stress from hectic living, unhealthy habits such as smoking and alcohol consumption, and lack of physical activity are expected to increase the demand for sleeping pills. the whole world. In addition, innovations in sleep support should increase market growth in the future. Technological advances and innovations should lead to the development of new products on the market, for example CPAP (Continuous Positive Pressure on the Aviation Route).
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Insomnia medication to increase sales of sleeping pills
The insomnia segment among sleep disorders generated the highest income in the global sleep aid market in 2019. The segment's dominance has been attributed to the highest prevalence of insomnia in the world population. Around 38% of the world's population suffered from insomnia in 2018. Factors such as work stress, depression, anxiety disorders and excessive use of tobacco and alcohol can lead to insomnia. In addition, growing awareness of insomnia is driving the segment in the global sleeping pills market.
North America has the highest earnings in the global sleep medicine industry
In terms of geography, the North America region had the highest revenue in the global sleep aid market in 2018. The dominance of the North America region in the world market is attributed to a better health infrastructure and increased awareness of sleep disorders. In addition, a large population in North America has some form of sleep disorder. About 60% of the American population suffers from insomnia and more than 15% of the American population suffers from sleep apnea. The increased prevalence of these sleep disorders leads to an increased demand for their treatment. This in turn stimulates the market for sleeping pills in North America . In addition, the presence of key market players such as Merck and Pfizer in the region should increase the demand for sleeping pills in North America .
This report contains detailed market information, including:
1. Comprehensive analysis of the factors that favor the growth of the sleeping pills market.
2. Survey results for
at the. Consumer preferences
Yes. Buy models
C. Spending samples
Re. Purchase decision
me. Preferred sales channels
F. Choice of alternatives if the product is not available.
Sun. Consumer comments
H. Social listening
3. Competitive overview of the main markets in the countries of the world
4. Global competitive landscape and market trends in the sleeping pills market
5. Analysis of the world market with analysis tools such as carrying the five forces, market drivers and analyzing opportunities, the product position matrix.
Search the detailed table of contents in " Sleep Aid Market ".
Research methodology and data collection methods for the report
The reports published by Infinium Global Research are based on extensive primary and secondary research methods. The investigation begins with an in-depth study of the secondary sources, followed by a primary study. With these research methods, we can estimate the size of the sleeping pills market to identify the factors that will foster the growth of this market and the factors that will slow the growth of the market.
Secondary research mainly involves in-depth research through secondary publicly available information sources and paid sources. At Infinium Global Research, each research study is based on more than 500 hours of secondary research accompanied by primary research. The information obtained from the secondary sources is validated by cross-checking various data sources. While the primary research includes in-depth interviews and an analysis of the opinions of key informants. Primary research begins with the identification and approach of the main respondents. The most important sources of information usually include important opinion leaders from Infinium Global Research, experts for internal and external topics as well as experts and participants from LinkedIn, Hoovers, Factiva and bloggers.
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