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What key factors are powering the surge in the sleeping aids market right now?

The market for sleep aids has seen considerable growth in the recent past. From an estimated worth of $89.05 billion in 2024, it is projected to expand to $95.75 billion in 2025, signaling a compound annual growth rate (CAGR) of 7.5%. This substantial growth in the previous years can be associated with factors such as increasing stress levels and sleeping disorders, an aging demographic, changes in lifestyle, awareness and education regarding sleep health, alongside a consumer preference leaning towards natural remedies.

How fast Is the sleeping aids market expected to grow, and what’s its future value?

The market size for sleeping aids is projected to witness considerable expansion in the upcoming years, escalating to a value of $135.66 billion by 2029, growing at a compounded annual growth rate (CAGR) of 9.1%. The projected growth during the forecast period can be associated with trends in wellness and self-care, awareness about mental health, solutions for sleep that can be carried out at home, bespoke sleep solutions, and selection of natural and non-intrusive methods. The prediction period is expected to be characterized by a stronger focus on wellness and self-care, incorporation of technology, education around sleep hygiene, and regulatory attention towards safety.

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What are the leading drivers of growth in the sleeping aids market?

The escalating occurrence of sleep-related issues is anticipated to push the growth of the sleeping aids market in the future. Sleep disorders, which denote conditions arising from insufficient sleep, can impact a person’s overall health, making sleeping aids popular as they cannot only mitigate the cognitive impairment caused by sleep deprivation but also enhance sleep over a short period. As stated by the National Center for Biotechnology Information, a government department in the US, in January 2022, sleep disorders were predicted to affect 52.39% of COVID-19 patients, 45.96% of children and adolescents, 42.47% of healthcare workers, 41.50% of special populations with healthcare requirements, 41.16% of university students, and 36.73% of the general population. This underscores the rising prevalence of sleep disorders, hence spurring demand in the sleeping aids market.

What are the key segments defining the sleeping aids market?

The sleeping aids market covered in this report is segmented –

1) By Product: Mattresses And Pillows, Sleep Laboratories, Medications, Prescription-Based Drugs, OTC Drugs, Herbal Drugs, Sleep Apnea Devices

2) By Indication: Insomnia, Sleep Deprivation, Narcolepsy, Sleep Apnea, Other Indications

3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, E-Commerce, Drug Stores, Other Distribution Channels

Subsegments:

1) By Mattresses And Pillows: Memory Foam Mattresses, Latex Mattresses, Airbed Mattresses, Waterbed Mattresses, Cervical Pillows, Contoured Pillows

2) By Sleep Laboratories: Sleep Disorder Diagnostic Services, Polysomnography, Home Sleep Testing Services

3) By Medications: Prescription-Based Drugs, Over-The-counter (OTC) Drugs, Herbal And Natural Remedies

4) By Prescription-Based Drugs: Benzodiazepines, Non-Benzodiazepines, Antidepressants, Antihistamines

5) By OTC Drugs: Antihistamines (Diphenhydramine, Doxylamine), Melatonin Supplements, Herbal Sleep Aids

6) By Herbal Drugs: Valerian Root, Chamomile, Lavender, Passionflower, Lemon Balm

7) By Sleep Apnea Devices: Continuous Positive Airway Pressure (CPAP) Devices, Bi-level Positive Airway Pressure (BiPAP) Devices, Adaptive Servo-Ventilation (ASV) Devices, Oral Appliances, Masks

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Who are the key players steering the development of the sleeping aids market?

Major companies operating in the sleeping aids market are Cadwell Industries Inc., Compumedics Limited, DeVilbiss Healthcare Pvt. Ltd., Merck & Co. Inc., Natus Medical Incorporated, Novartis AG, Pfizer Inc., Sanofi SA, Sleepmed Inc., Eisai Co. Ltd., ResMed Inc., Fisher & Paykel Healthcare Corporation Limited, Braebon Medical Corporation, Löwenstein Medical GmbH & Co. KG, Takeda Pharmaceutical Company Limited, Koninklijke Philips N.V., AstraZeneca PLC, Apnea Sciences Corp., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Vanda Pharmaceuticals Inc., Cadila Healthcare Limited, Johnson & Johnson Services Inc., BMC Medical Co. Ltd., Cleveland Medical Devices Inc., Serta Simmons Bedding LLC, Tempur Sealy International Inc., Sleep Number Corporation, Casper Sleep Inc., Purple Innovation Inc., Leesa Sleep LLC

What emerging trends are influencing the growth of the sleeping aids market?

A prominent trend emerging in the sleeping aids market is the emphasis on product enhancements. Renowned companies in this market are creating fresh items such as wearable sleep aids to maintain their market presence. An illustration of this is StimScience, a US-based firm specializing in sleep aids, which in March 2022 launched a wearable sleep aid named Somnee. This item is the initial electronic sleep aid headband that offers customized non-invasive brain stimulation, enhancing sleep quality and reducing overnight movement by more than a third as revealed in a 1,500-night home trial study.

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Which regions are most influential in expanding the sleeping aids market?

North America was the largest region in the sleeping aids market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sleeping aids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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