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(GlamourNewsWire.com, May 19, 2017 ) Asia-Pacific Sleep Aids Market research report, published by Market Data Forecast estimates that the market is growing with a CAGR of 6.9% to reach USD 13.8 billion by 2021, from USD 9.89 billion in 2016, which amounts to a cumulative growth of USD 3.91 billion.
Sleep Aids are drugs or medical devices which help a person to fall asleep. Improper sleep cycle or sleep disorders have severe effects on ones work life and health. Sleep Disorders are generally cause by changes in sleeping patterns as a result of medical issues, psychiatric problems, and environmental issues. The increased usage of caffeine, tobacco and alcohol has been causing sleep disorders in the population.
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The market is expected to show evident potential in the mentioned forecast period. The market is growing, as a result of the rising geriatric population and increasing awareness among various organizations about sleep disorders. With increase in the number of professionals working in night shifts and rescheduling their sleeping time, sleeping aids are likely to gain traction in the coming few years.
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The report also presents detailed analysis of multitude of factors affecting Asia-Pacific Sleep Aids Market bearing either positive or negative outcomes. Some of those factors are
Increase in demand for sleeping pills as a result of stressful modern lifestyle
Awareness initiative for sleep disorder by various organization ese,
Side effects associated with sleeping aids medications for sleep disorders
Patent expiration of treatment pills for sleep disorders.
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For granular level understanding the Asia-Pacific Sleep Aids Market is segmented based on Sleep disorders, Products and Medication types each being provided with Market Size Estimations and Y-o-Y Forecasts. Based on sleep disorder the sleep aids market is segmented under Insomnia, Sleep Apnea, Narcolepsy, Restless legs syndrome and Sleep walking. By product the Asia-Pacific Sleep Aids market is segmented into Sleep Laboratories, Mattresses & Pillows, and Medication and Sleep apnea devices. On the basis of Medication types the segmentation is done under Prescription-based Drugs, OTC drugs and Herbal Drugs.
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On the basis of geographical analysis, the Asia-Pacific Sleep Aids market is segmented under various countries namely China, India, Japan, Australia and South Korea. China and India are anticipated to grow fast due to increase in population in these countries.
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The major companies dominating the Asia Pacific Sleep Aids market are Pfizer, Cadwell, Merck & Co., Koninklijke Philips N.V. (Philips), Sanofi, Care Fusion Corporation, GlaxoSmithKline Plc, Natus Medical manufactures, SleepMed, DeVilbiss Healthcare LLC.
Sleep apnea remains to be the fastest growing segment compared to other sleep disorders, whereas Mattresses and pillows are expected to continue leading the Asia-Pacific Sleep Aids market in coming years. On the basis of medication type, prescription medications hold the largest share in the Sleep Aids market.
The Asia-Pacific Sleep Aids Market report offers wide-range of scope:
Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
Know more about key areas of industry growth via detailed Segment-level analysis on basis of Sleep disorders, Products and Medication types along with market size forecasts and y-o-y estimations
Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
Strategic Analyses containing PESTLE and Porters Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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