Asia-Pacific Sleeping Aids Market Insights, Share, Growth Driver and Forecast by 2023
The Asia-Pacific sleeping aids market size was $9.3 billion in 2015 and is forecasted to grow at a CAGR of 6.6% during the period 2016-2022. Various type of sleeping disorders such as sleep apnea, insomnia, restless legs syndrome, narcolepsy and sleep walking require some or the other type of sleeping aids intervention. Sleeping aids for sleep apnea held the largest share in the Asia-Pacific market in 2015, since an increasing number of people in the region suffer from breathing problems while sleeping.
Request for report sample at: https://www.psmarketresearch.com/market-analysis/asia-pacific-sleeping-aids-market/report-sample
The demand for sleeping aids has been rising in the region due to high consumption of sleeping pills owing to changing lifestyle, growing awareness about sleep disorders and other related problems, long working hours, and growing aging population. Some of the sleeping aids products available in the market include mattress & pillow, sleep laboratories, medication, sleep apnea devices and others. Amongst these, mattress & pillows held the highest share in the regional market, standing at 41% in 2015, since they have a direct impact on the sleeping condition of a person.
Also, there are many organizations that have been creating awareness about sleep disorders such as Indian Sleep Disorder Association, Hong Kong Society of Sleep Medicine, Asia-Pacific Pediatric Sleep Alliance Asia-Pacific and others. Indian Sleep Disorders Association (ISDA) conducts a conference namely, Sleepcon conducted every year to update the society on current trends and concepts in the management of sleep disorders.
Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=asia-pacific-sleeping-aids-market
Long working hours often lead to sleep issues and the government agencies and other firms are taking action against it to improve the conditions of workers in the region. For instance, Sumitomo Mitsui Trust Bank extended its nine-hour minimum to all employees, including contract staff, in December 2016. The Japanese government has set aside about ¥400 million for the year 2017 for an incentive program to encourage small and medium-sized companies to adopt minimum rest periods to ensure better productivity. All such initiatives by the governments in various countries in the region, eventually leads to the high demand of products in the sleeping aids market in the region.
Browse report at: https://www.psmarketresearch.com/market-analysis/asia-pacific-sleeping-aids-market
Some of the other key players operating in the Asia-Pacific sleeping aids industry include Sanofi S.A., Koninklijke Philips N.V., GlaxoSmithKline PLC, Merck & Co. Inc., Teva Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Compumedics Limited, Becton, Dickinson and Company, Eisai Co., Ltd. and Drive Medical Ltd.
About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
