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What Is The Projected Market Size And Growth Rates of The Global Sleeping Aid Market?
The sleeping aids market has demonstrated robust growth in recent years, escalating from $89.05 billion in 2024 to $95.75 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth during the historic period can be attributed to factors such as increased stress and sleep disorders, an aging population, lifestyle changes, increased awareness and education, and a preference for natural remedies among consumers. The sleeping aids market is poised for significant expansion over the coming years, with forecasts suggesting a rise to $135.66 billion in 2029, growing at a CAGR of 9.1%. Wellness and self-care trends, mental health awareness, the increasing popularity of home-based and personalized sleep solutions, and a preference for natural and non-invasive options are forecasted to drive market growth. Major trends expected in this period include a greater emphasis on wellness and self-care, integration of technology, sleep hygiene education, and a regulatory focus on safety.
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What Are The Major Drivers For The Global Sleeping Aid Market?
Increasing incidence of sleep disorders is expected to drive the growth of the sleeping aids market. Sleep disorders, characterized by lack of sleep, can significantly impact the person’s overall health, prompting the use of sleeping aids to counter cognitive impairment induced by sleep deprivation and enhance sleep quality in the short term. For instance, in January 2022, the US-based National Center for Biotechnology Information projected sleep problems to be prevalent in 52.39% of COVID-19 patients, 45.96% of children and adolescents, 42.47% of healthcare workers, 41.50% of special populations with healthcare needs, 41.16% of university students, and 36.73% of the general population. This indicates a growing incidence of sleep disorders, serving as a key driver for the sleeping aids market.
How Is The Global Sleeping Aids Market Segmented?
The sleeping aids market covered in this report is segmented as follows:
– By Product: Mattresses And Pillows, Sleep Laboratories, Medications including Prescription-Based Drugs, Over-The-Counter (OTC) Drugs, Herbal Drugs, and Sleep Apnea Devices.
– By Indication: Insomnia, Sleep Deprivation, Narcolepsy, Sleep Apnea, and Other Indications.
– By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, E-Commerce, Drug Stores, and Other Distribution Channels.
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Which Are The Major Players In The Global Sleeping Aid Market?
Major companies operating in the sleeping aids market include 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., and Leesa Sleep LLC.
What Trends Are Emerging In The Global Sleeping Aid Market?
Product innovations have emerged as a key trend in the sleeping aids market. Major companies in the industry are developing new products such as wearable sleep aids to maintain their position in the market. For example, in March 2022, StimScience, a US-based company launched Somnee, the first wearable sleep aid headband which employs personalized, non-invasive brain stimulation to improve sleep quality. The company claimed that the use of Somnee reduced overnight tossing and turning by more than a third in a 1,500-night home pilot study.
Which Region Is Anticipated To Grow The Fastest In The Global Sleeping Aid Market?
In 2024, North America was the largest region in the sleeping aids market. Nevertheless, Asia-Pacific is projected to be the fastest-growing region in the forecast period. The sleeping aids market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Sleeping Aids Market Report 2025 Offer?
Sleeping aids refer to psychoactive medications used in treating insomnia and sporadic sleeplessness. These aids can help mitigate daytime fatigue and cognitive impairment induced by sleep loss. The Sleeping Aids Market research report from The Business Research Company provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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