Market Overview

Rising Stress Levels to Boost the Global Sleeping Aids Market | Technavio

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Technavio
market research analysts forecast the global
sleeping aids market
to grow at a CAGR of close to 6% during the
forecast period, according to their latest report.

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Technavio has published a new market research report on the global sleeping aids market from 2017-20 ...

Technavio has published a new market research report on the global sleeping aids market from 2017-2021. (Graphic: Business Wire)

The market study covers the present scenario and growth prospects of the
global sleeping aids market for 2017-2021. The report also lists
mattress and pillows and sleep apnea devices as the two major product
segments, of which the mattress and pillows segment accounted for close
to 47% of the market share in 2016.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

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Technavio analysts highlight the following three market drivers that are
contributing to the growth of the global sleeping
aids market
:

  • Increasing technological innovations in CPAP devices
  • Growing patient-care services
  • Increase in human lifespan and working hours

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Increasing technological innovations in CPAP devices

Technological innovations have resulted in the development of improved
continuous positive airway pressure (CPAP) devices. Technological
advances have led to the development of lightweight interface masks with
soft sealing flange and fewer accessories that are easy to use and more
adaptable to different face geometries. These masks will improve the
usability of CPAP devices. The integration of IT data systems with CPAP
and associated monitoring devices helps in improving therapy for
sleep-disordered breathing by reducing cost and time. For instance, the
latest CPAP devices by ResMed include integrated humidification with
wireless connectivity so that medical equipment providers for home-care
and other healthcare providers receive regular reports on the patients'
progress.

"CPAP devices backed by IT data will allow improved patient-care and
increase the compliance rate of obstructive sleep apnea therapy. These
offer a range of opportunities for healthcare providers to stay
virtually connected to patients and train them more efficiently. The
added benefits of these products offer significant value addition to a
consumer's life. The rise of innovative products will lead to increased
adoption of these products, resulting in the growth of the global
sleeping aids market,"
says Amber Chourasia, a lead analyst at
Technavio for health
and wellness
research.

Growing patient-care services

Patient-care services are broadly classified into two types which
include healthcare-based patient-care services and home-care-based
patient-care services. Due to the increased incidence of chronic
diseases, lifestyle-related diseases, and medical emergencies, the
number of patients undergoing post-treatment patient-care has increased
substantially.

During post-treatment patient-care, the patients need to take rest for a
long duration, and they are highly prone to various skin infections and
bed sores. To avoid these post-treatment complications, pressure-relief
mattresses are used as preventive measures. These mattresses aid in
supporting the pressure points in the body, specifically the shoulders
and the hip, which are often stressed in the side-sleeping position.
Older adults are especially prone to get bed sores owing to their
vulnerable skin conditions. The increasing recommendations of these
mattresses by healthcare practitioners to avoid post-treatment
complexities are driving the growth of the global sleeping aids market.

Increase in human lifespan and working hours

The geriatric population is increasing due to the advances in medicine,
which is helping people live longer. Countries that have the highest
geriatric population include Japan, South Korea, China, Germany, Israel,
and the US. The number of people aged 60 years and above is expected to
double soon. An increasing number of people prefer to work past the
standard retirement age by either launching supplementary careers or
working longer because they are not ready for a change. Many nations are
raising the age of retirement to reduce the escalating cost of pensions
and healthcare for retirees.

Many people experience stress during a normal working week, and it is a
major cause of burnout and depression. Also, due to busy schedules, it
has become difficult to take out time for exercise and fitness
activities. The lack of proper, nutritious meals and increasing workload
elevate the level of stress among people. Increased stress levels can
raise blood pressure, resulting in faster heartbeats and narrowing of
blood vessels. High blood pressure further causes a reduction in blood
oxygen levels leading to sleep apnea.

"To relieve stress, patients use products such as foam
pressure-relief mattress and special pillows for uninterrupted sleep and
a healthy life. The global sleeping aids market is expected to grow
during the forecast period owing to the rising stress and anxiety levels
in individuals, prompting the need for sleeping aid products in the
future,"
says Amber.

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