What is Sleeping Pills Market?
Sleep disorder is the inability to sleep well due to some conditions. This is caused due to stress, hectic schedules or others which creates negative impact on energy, mood and overall health problems. It is also linked to the health problems such as heart disease or diabetes. The sleeping pills helps in relieving such problems. It comes in different types such as natural, prescription and over the counter.
The market study is being classified by Type (Natural, Prescription and Over the counter) and major geographies with country level break-up.
Sanofi (France), Abbott Laboratories (United States), Takeda Pharmaceutical (Japan), Apotex (Canada), Aurobindo Pharma (India), Actellon Pharmaceuticals (Switzerland), Allegiant Health (United States), Cayman Chemical (United States), Sunovion (United States) and Pharmacia & Upjohn (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Novel Laboratories Inc. (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Sleeping Pills market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sleeping Pills market by Type, Application and Region.
On the basis of geography, the market of Sleeping Pills has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing prevalence of sleep disorders is fueling the market growth. There has been stressful working conditions which in turn is increasing the consumption of alcohol and tobacco. In addition, growing cases of sleeping disorder in old age, hence increasing old age population along with these factors are contributing towards the market growth
Market Trend
- Change in lifestyle of the consumers
Opportunities
- Rising geriatric population is boosting the market growth
- Rising geriatric population in developed and developing economies
Challenges
- Side effects caused by consumption of sleeping pill
Market Leaders and some development strategies
In January 2019, Abbott has announced to acquire Cephea valve technologies Inc. This acquisition strengthen the position in structural heart therapies.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations