Nonprescription sleep aids consider as natural, which encourage relaxation, ease anxiety, and promote sleep and linked to other health-promoting behaviors like improved digestion and pain relief. Sleep aids are the biological requirement that maintains metabolic homeostasis, influence memory, and regulate immune function. Lack of quality sleep leads to sleep disorders, which are caused by medical issues, physical disturbance, etc. Sleep aids are drugs, and medical devices help in diagnose and treat various sleep disorders. Natural sleep aids with minimal unwanted effects have preferred for the treatment of acute and/or mild insomnia, with additional benefits of overall health promotion.
Global natural sleep aids market projected to grow with a significant rate during the forecast period, 2020-2027. The lack of quality sleep leads to sleep disorders, which are caused due to medical issues, physical disturbances, environmental problems, and psychiatric orders. These sleep disorders estimated to drive the growth of the global natural sleep aids market in the upcoming periods. Additionally, changes in lifestyle, disturb an individual’s sleep patterns, which, in turn, leads to disrupted sleep. These disrupted sleep leads to influence natural sleep aids industry in the future time. According to the Centers for Disease Control and Prevention (CDC), more than one in three Americans does not get enough sleep.
Furthermore, continuing sleeplessness can harm health, resulting in an increased risk of depression and high blood pressure, which led to trigger the demand for natural sleep aids worldwide. Also, the surge in innovations in sleep aid devices, developing the drug for inappropriate and rising utilization of compact sleep apnea devices will accelerate the growth of global natural sleep aids in the forecast span. The rise in the geriatric population and the increase in the population of obesity impact various sleepiness’s diseases, which lead to a huge demand for natural sleep aid devices and drugs in the projected period. The surge in disposable incomes around the world and the rising awareness among peoples regarding the importance of sleep in healthy lifestyles will lead the demand for a natural sleep aid in the forthcoming periods.
Sleep inefficiency has increased more serious health implications such as obesity, diabetes, high blood pressure, heart disease, stroke, and mental distress. To reduce the impact of this disease, there is a surge in demand for natural sleep aids worldwide.
Sleep insufficiency can weaken the immune system and impair cognitive performance sleep-deprived people mild cognitive impairment, which can lead to both a decrease in work performance and decision making. The Automobile Association of America has found that a driver’s risk of getting in an accident increases exponentially with levels of sleep insufficiency.
Based on product type, the global Natural Sleep Aids market classified into Sleep Laboratories, Mattresses & Pillows, Medications (Herbal drugs), Sleep Apnea Devices (Facial Interfaces, Oral Appliances, Adaptive Servo-Ventilators (ASVs) and Others)). The Sleep Apnea Devices segment will witness significant growth in the forecast period. It is primarily attributed to its help in providing support by pushing air into the back of the throat where throat tissues collapse during sleep. The sleep apnea devices include facial Interfaces, Oral Appliances, Adaptive Servo-Ventilators (ASVs), and others.
The Mattresses & Pillows segment will rise with a lucrative rate in the forecast periods due to the surge in awareness among people about the health benefits of quality sleep, and technological advancements in manufacturing techniques.
Based on sleep disorder, the global natural sleep aids market segregated into Insomnia, Narcolepsy, Sleep Walking, Sleep Apnea, Restless Legs Syndrome, and Others. Insomnia held a lucrative share in 2019 and projected to dominate the natural sleep aids market as it causes due to stress-related to big life events, mental health issues like depression and anxiety, pain or discomfort at night, etc. Insomnia affects women more than men and older people more than younger ones.
The Sleep Apnea segment will grow with an influence rate in the analysis period as it causes morning headache, excessive daytime sleepiness, high blood pressure, etc.
Based on the distribution channel, the global natural sleep aids market classified into Offline (Drug Stores, Retail Pharmacies, and Hospital Pharmacies) and Online. The Offline segment generated the highest revenue and estimated to continue its dominance by 2027. It is due to offline stores like drug stores, retail pharmacies, and hospital pharmacies provide cost-effective drugs and easily availability of drugs and medical devices at these stores.
The online segment will be the fastest-growing segment in the forecast period due to the rise in smartphone users and growth in the e-commerce sector.
Based on geography, the global natural sleep aids market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America estimated to occupy the lion’s share in the natural sleep aids market share by 2027, owing to the high prevalence of sleep disorders, the presence of high disposable income, and technological advancements in the healthcare industry in the region.
The Asia Pacific will witness the highest CAGR in the forecast period due to an increase in awareness among people the harmful effects of sleep disorders and financial aid by the government to modernize healthcare infrastructure.
Companies such as Sanofi, Cadwell Industries Inc., Koninklijke Philips N.V, Pfizer Inc., Drive DeVilbiss Healthcare, Natus Medical Inc., and Compumedics Limited are the key players in the global natural sleep Aids Market.
By Product Type
By Sleep Disorder
By Distribution Channel