Thursday, August 7, 2014

Global market for sleep aids technologies to $76.7 billion by 2019

Sleep disorders can not only take a toll on personal health but can also have adverse effects on personal relationships and reduce worker productivity. Insomnia, sleep apnea, restless leg syndrome (RLS), bruxism, narcolepsy and sleepwalking are all serious sleep disorders that bring about negative health consequences. As sleep disorder is a universal problem affecting millions of people of different ages and genders, customers are prepared to spend millions of dollars for their seven to nine hours a day.

The United States is the single largest market for sleep aids such as mattresses, sleep apnea devices, sleep laboratories and medications, with a major share of 65.7% of the global market. The discovery of new mechanisms and chemicals in the brain has provided expanding avenues for research and development (R&D) of products that are likely to alter the course of sleep disorders or modify the outcome. This will, consequently, pave the way for steady growth of this market in the foreseeable future.

BCC Research provides a comprehensive study of the global market for sleep aids and related technologies through its report, Sleep Aids: Technologies and Global Markets. According to the report, this market was valued at $54.9 billion in 2013. This is estimated to reach $76.7 billion by 2019, registering a compound annual growth rate (CAGR) of 5.6% from 2014 to 2018.

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Use this report for, but not limited to, the following reasons:
  • Gain an overview of the global market for sleep aids and related technologies
  • Analyze global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019
  • Identify the different disorders that manifest with sleep disorder symptoms
  • Access information on different methods used to enhance sleep including medications, devices, and laboratories
  • Review details on emerging technologies and developing trends 
To order your copy of this report (or any of its chapters) or to download the report overview, click here.

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