Research and Markets has announced the addition of the “Global Market Study on Sleep Aids: Sleep Apnea to Witness Highest Growth by 2020” report to its offering.
The global sleep aids market was valued at US$58,080.0 Mn in 2014 and expected to account for US$80,814.7 Mn by the end of 2020 at a compound annual growth rate (CAGR) of 5.7%.
North America was the largest market for sleep aids in 2014, mainly due to technological advancements in the region, the report states. The North American market for sleep aids was valued at US$31,944.0 Mn in 2014 and is expected to account for US$44,523.8 Mn by 2020 at a CAGR of 5.7%. In terms of sleep disorders, sleep apnea is the fastest growing segment. In terms of product, mattresses and pillows are the largest segment in sleep aids market. In terms of medications, prescription medications are the largest segment in the market.
The latest trends the report has observed in the global sleep aids market includes increasing usage of home sleep test for diagnosis of sleep apnea, CPAP therapy to treat sleep apnea, and wearable monitors and passive-off body sensors.
