North America Sleep Aids Market Outlook (2018 to 2032)
Synopsis
The above chart is North America Sleep Aids Market Outlook (2018 to 2032)
Market Dynamics
.
the north america sleep aids market is a highly competitive and innovative industry which is continuously delivering improved products and services to consumers. the ever-changing demands of consumers, coupled with innovation in the market, have driven the industry to develop products that are specifically designed to improve sleep quality, promote relaxation, and assist in the diagnosis and treatment of existing and potential sleep-related disorders.
sleep disorders are increasing among the north american population due to an increasingly sedentary lifestyle, mental stress, and the overuse of technology. it has been estimated that 30-40% of the us population suffers from sleep disturbances, making it the most commonly diagnoses medical disorder in this region. according to research conducted by the american sleep association, excessive daytime sleepiness affects approximately 70 million people in the us alone.
the market for sleep aids in north america is being propelled by the rising focus of consumers on health and wellness, as well as the broadening range of lifestyle choices available in terms of products and services. the market has evolved to include a range of products and services, from over-the-counter medications to doctor-recommended treatments. the range of products available includes sedatives & hypnotics, cognitive enhancement drugs, natural sleep aids and over-the-counter sleep aids such as melatonin, benzodiazepines, and herbal supplements. additionally, greater awareness of sleep disorders and their impact on health is driving the demand for sleep aids, as well as contributing to the industry’s growth.
the market for sleep aids in north america is largely driven by consumer demand for convenience, accessibility, and affordability. online and mobile purchase options are now an integral part of the industry, allowing consumers to access products quickly and conveniently. it is estimated that the online sales of sleep aids in north america account for an estimated five to ten percent of total market sales. additionally, in-store purchases of sleep aids are also influencing industry trends, with many retailers now stocking multiple options for consumers, such as melatonin, which can be purchased in pill formats, drinkable drops, and other convenient forms.
finally, sleep aids companies in north america are increasingly shifting their focus to developing products that embed relaxation technologies such as biofeedback and devices cycles tracking. this shift is being driven by the needs of consumers who seek more personalised treatments for their sleep problems, while also enabling them to track and monitor their sleep patterns via mobile apps.