An Opportunity to Grow Sleep Aids Market, Raising by CAGR of 6.9%
The global sleep aids market size is projected to reach $111,920.10 million by 2030, registering a CAGR of 6.9% from 2021 to 2030.
PORTLAND, OREGON, UNITED STATES, June 8, 2023/EINPresswire.com/ -- Sleep aids are medications or techniques designed to promote better sleep and alleviate sleep-related issues. They can be classified into different categories, including prescription sleep medications, over-the-counter (OTC) sleep aids, and natural remedies. The global sleep aids market size was valued at $59,815.10 million in 2020, and is projected to reach $111,920.10 million by 2030, registering a CAGR of 6.9% from 2021 to 2030.
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Prescription sleep medications, such as benzodiazepines and non-benzodiazepine sedative-hypnotics, are often used for short-term management of sleep disorders. These medications work by targeting specific receptors in the brain to induce sleep and promote a more restful sleep cycle. However, they should be used with caution due to the potential for dependence and side effects.
Major market players covered in the report -
Cadwell Industries, Inc.
Compumedics Limited
Drive DeVilbiss Healthcare Inc.
GlaxoSmithKline Plc
Merck& Co., Inc.
Natus Medical Inc.
Koninklijke Philips N.V.
PFIZER, INC.
Sanofi S.A.
SleepMed Inc.
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OTC sleep aids typically contain antihistamines, which have sedative properties. These medications are generally milder than prescription sleep aids and are used to address occasional sleeplessness or mild sleep disturbances. It is important to follow the recommended dosage and precautions when using OTC sleep aids to avoid potential side effects and interactions with other medications.
Natural remedies for sleep, such as herbal supplements (e.g., valerian root, melatonin) and relaxation techniques (e.g., meditation, aromatherapy), are also commonly used. These approaches aim to promote better sleep without relying on pharmaceutical interventions. However, it is essential to consult with a healthcare professional before using any natural sleep aid to ensure safety and effectiveness.
It is crucial to note that sleep aids should be used judiciously and under the guidance of a healthcare professional. Addressing the underlying causes of sleep disturbances, such as lifestyle changes, sleep hygiene practices, and stress management, is often recommended as the first line of treatment. Sleep aids should be considered as a temporary solution for managing sleep difficulties and not as a long-term solution.
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