The global natural sleep aids market is estimated to reach USD 112,820 million by 2030 with a CAGR of 6.4% during the forecast period of 2022-2030, and it was valued at USD 60,807.44 million in 2022.
Nonprescription sleep aids are considered natural, which encourage relaxation, ease anxiety, and promote sleep, and are linked to other health-promoting behaviors like improved digestion and pain relief. Sleep aids are the biological requirement that maintains metabolic homeostasis, influences memory, and regulates 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 machines that help diagnose and treat various sleep disorders. Natural sleep aids with minimal avoided effects are chosen for treating acute and mild insomnia, with additional benefits of overall health promotion.
The global natural sleep aids market is projected to grow significantly during the forecast period, 2020-2027. The lack of quality sleep leads to sleep disorders, which are caused by medical issues, physical disturbances, environmental problems, and psychiatric orders. These sleep disorders are estimated to drive the growth of the global natural sleep aids market in the upcoming periods. Additionally, lifestyle changes disturb an individual’s sleep patterns, which, in turn, leads to disrupted sleep. These disrupted sleep will influence the 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 growing risk of depression and high blood pressure, which has triggered the demand for natural sleep aids worldwide. Also, the surge in innovations in sleep aid devices, the development of drugs for inappropriate use, and the 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 diseases, which lead to a huge demand for natural sleep aid devices and drugs in the projected period. The surge in disposable incomes worldwide and the rising awareness among people regarding the importance of sleep in healthy lifestyles will lead to 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 is 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 at 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, the global natural sleep aids market is segregated into Insomnia, Narcolepsy, Sleep Walking, Sleep Apnea, Restless Legs Syndrome, and Others. Insomnia held a lucrative share in 2019 and is projected to dominate the natural sleep aids market as it is 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 headaches, excessive daytime sleepiness, high blood pressure, etc.
Based on the distribution channel, the global natural sleep aids market is classified into Offline (Drug Stores, Retail Pharmacies, and Hospital Pharmacies) and Online. The Offline segment generated the highest revenue and is estimated to continue its dominance by 2030. This is due to offline stores like drug stores, retail pharmacies, and hospital pharmacies providing cost-effective drugs and the easy 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 is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to occupy the lion’s share in the natural sleep aids market by 2030 owing to the high prevalence of sleep disorders, high disposable income, and technological advancements in the region’s healthcare industry. The Asia Pacific will witness the highest CAGR in the forecast period due to increased awareness among people of the harmful effects of sleep disorders and financial aid by the government to modernize healthcare infrastructure.
Competitor Analysis
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.
Recent Development
Report Attribute | Details |
---|---|
Market size value in 2021 | USD million |
The revenue forecast in 2028 | USD 7,807.44 million |
Growth Rate | CAGR of 6.4 % from 2022 to 2028. |
Historical data | 2017 – 2020 |
Base Year | 2021 |
Forecast period | 2022 – 2028 |
Region covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
Key companies Profiled | 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
By Region
Global Natural Sleep Aids Market
Nonprescription sleep aids are considered natural, which encourage relaxation, ease anxiety, and promote sleep, and are linked to other health-promoting behaviors like improved digestion and pain relief. Sleep aids are the biological requirement that maintains metabolic homeostasis, influences memory, and regulates immune function.
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.
The rapid surge in the chronic diseases and rising immune health and performance problems of people who are facing the sleeping problems, these acts as a problem solver or as a growth driver to the global natural sleep aids market.
North America is expected to have the largest share in the global natural sleep aids market.
The global natural sleep aids market is expected to reach USD 60,807.44 million in 2022 and is estimated to reach USD 112,820 million by 2030, with a CAGR of 6.4% during the forecast period of 2022-2030.
Analyst support
After evaluating your requirements and addressing your technical problems, the expert analyst will resolve your query directly.
Customer satisfaction
According to your needs, our expert team will assist you with the capabilities, services, and proper research needs to be required and customize the report accordingly.
Inimitable expertise
Our expert team will create unrivaled reviews to provide you with a deep understanding of the reports.
Assured quality
We have created a systematic way to determine standards and satisfy your expectations.
Instant delivery
Unlike others, we provide you a great deal of instant delivery in the form of PDF/PPT/Word Doc directly to your email address within 24 hours after receiving full payment.
Privacy policy
We understand the inkling of your privacy, we will never misuse your email address.
Custom research service
We are giving you an opportunity through which you can directly ask our expert analyst to customize an exclusive study of the report to serve your research needs.
Quality & accuracy
We provide you with the accurate quality of the customized study of an exclusive report according to your research need.
Data visualization
As the business world’s growing faster every day, we understand the value of data management. We will create the reports by keeping all the visual data sets and metrics in the charts.
Information security
We truly respect your privacy and promise to keep your personal and confidential information safe and secure.