Sleep Aids Market Outlook:
The global sleep aids market generated revenue of US$ 27.2 billion in 2022, with projections showing a steady growth rate of 4.2% CAGR, reaching an estimated value of approximately US$ 43.2 billion by 2033.
According to Persistence Market Research, products such as mattresses, pillows, chin straps, and mouthpieces or nasal devices are anticipated to hold a combined market value of around US$ 30.7 billion by 2033. Sleep aids market contribute to roughly 6.0% of the global sleep market, which was valued at around US$ 450 billion in 2022.
With the growing focus on overall well-being, interest in sleep has surged. Research into sleep monitoring technologies now centers on wearable devices like fitness bands and sleep covers, analyzing sleep efficiency and stages while identifying potential sleep disorders. Several of these solutions are already available to consumers.
However, with rising demand for digital therapies, sleep engineering now calls for systems that not only monitor but also enhance sleep quality. Many individuals, whether suffering from insomnia or simply having trouble falling asleep, are increasingly interested in sleep aids.
Various audio stimuli used to facilitate sleep have been explored in experiments, assessing their effectiveness in promoting restful sleep.