Industry Experts - Market Research Reports, Industry Analysis, Custom Research

The latest version of the report from Industry Experts, Inc., on Sleeping Aids Market estimates that demand for the same is estimated at US$85.5 billion in 2024 and is likely to maintain a 2024-2030 CAGR of 6.9% in reaching a projected US$128.8 billion by 2030. The global sleeping aids market is experiencing steady growth, driven by the rising incidence of sleep disorders such as insomnia, sleep apnea, and restless leg syndrome. Increasing awareness of the significance of quality sleep for overall well-being, along with lifestyle-related stress, anxiety, and irregular routines, has resulted in increased demand for both pharmaceutical and non-pharmaceutical sleep solutions. The growing aging population and rising obesity rates, which both contribute to chronic sleep issues, further enhance the market’s progress. The mattresses & pillows segment dominates the sleeping aids market in 2024, accounting for 42.7% of the market share, owing to their essential role in delive...

Industry Experts, Inc. released the market research report on Sleeping Aids. The report entitled " Sleeping Aids – A Global Market Overview " reveals that the sleep disorder Insomnia will lead the global Sleeping Aids market with a projected CAGR of almost 9% between the period 2022 and 2027. While North America is the largest market for Sleeping Aids, Asia-Pacific is expected to grow faster with over 9% CAGR during the aforementioned period. The COVID-19 pandemic that struck the world towards end-2019 and beginning-2020 left a telling adverse impact on several sectors, though the Sleeping Aids market was able to maintain some semblance of equanimity. One of the most critical outcomes of the pandemic was the widespread announcement of lockdowns across the globe, due to which people were compelled to work from home and several individuals also lost their jobs, as companies resorted to cost-cutting measures to maintain some level of profitability in business. These factors hav...