Global Market For Sleep Aids To Be Worth $33 Billion In 2014
April 29, 2010
Wellesley, Mass. – According to a new technical market research report, SLEEP AIDS: TECHNOLOGIES AND GLOBAL MARKETS (HLC081A) from BCC Research (www.bccresearch.com), the value of the global market for sleep aids was an estimated $25 billion in 2009, but is expected to increase to more than $33 billion in 2014, for a 5-year compound annual growth rate (CAGR) of 5.8%.
The largest segment of the market, mattresses and pillows, is projected to increase at a CAGR of 3.3%, rising to nearly $12.5 billion in 2014, after being valued at nearly $10.6 billion in 2009.
The second-largest segment, sleep laboratories, is estimated at $6.7 billion in 2009, and is expected to increase at a 5-year CAGR of 6.5% to reach more than $9.2 billion in 2014.
The medications segment is expected to reach $7.7 billion in 2014, after rising at a CAGR of 8.3% from its 2009 value of nearly $5.2 billion.
The smallest segment, sleep apnea devices, was valued at nearly $2.6 billion in 2009, and is projected to increase to nearly $3.8 billion in 2014, for a CAGR of 7.8%.
PERCENT OF TOTAL WORLWIDE MARKET FOR SLEEP AIDS: TECHNOLOGIES AND MARKETS BY REGION, 2014
Source: BCC Research
Due to the stressors of modern-day life, sleep disorders are a growing health concern. Several factors can influence the quality and quantity of both sleep and rest. These factors include comfort level, anxiety or stress, environment, lifestyle, hormones, nutrition and diet, medications and drugs, and developmental stage.
The objectives of this report are to present a comprehensive look at sleep disorders and treatments available to ameliorate these disorders. An overall discussion is presented along with an in-depth analysis of the various methods used to treat the disorders. Markets are divided according to product type because several products are used in many different disorders.
The report identifies the different disorders that manifest with sleep disorder symptoms; gives an explanation of the disorders; cites incidence; identifies drugs; presents current device treatments, laboratory testing, market size, and market participants; and presents potential treatments in research and development.
Sleep Aids: Technologies and Global Markets( HLC081A )
Publish Date: April 2010
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