Westford USA, Aug. 15, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, sleep apnea is a prevalent sleep disorder characterized by pauses in breathing during sleep, leading to fatigue and potential daytime drowsiness in the sleep patches market. In response to this condition, individuals increasingly turn to sleep patches as a possible solution. However, while sleep patches can benefit individuals with insomnia and sleep apnea, they can also assist those who struggle to sleep owing to stress or other factors.
Browse in-depth TOC on the "Sleep Patches Market"
- Pages - 157
- Tables - 89
- Figures – 76
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Sleep patches are innovative transdermal patches designed to be applied directly to the skin using their adhesive backing. These patches are formulated to release melatonin into the body as individuals fall asleep in the sleep patches market. Melatonin is a hormone naturally produced by the body to regulate sleep-wake cycles, and its supplementation through sleep patches can help promote a more restful and rejuvenating sleep experience.
Prominent Players in Sleep Patches Market
- GlaxoSmithKline
- Merck & Co., Inc.
- Procter & Gamble
- Teva Pharmaceutical Industries Ltd.
- Medline Industries, Inc.
- Hisamitsu Pharmaceutical Co., Inc.
- Johnson & Johnson
- Sanofi S.A.
- Pfizer, Inc.
- Mylan N.V.
- Purdue Pharma L.P.
- Novartis International AG
- Takeda Pharmaceutical Company Limited
- Mallinckrodt Pharmaceuticals
- Mundipharma International Limited
- AdhexPharma
- The Mentholatum Company
- Luye Pharma Group Ltd.
- Ferring Pharmaceuticals Inc.
- Alza Corporation
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Chemical Ingredients Segment is Expected to Dominate the Market Due to the Rapid Growth of Natural Ingredients
Chemical ingredients dominated the sleep patches market. However, a significant trend during the forecast period was this industry's rapid growth of natural ingredients. Using chemical-based sleep patches has been associated with various side effects, including headaches, dizziness, irritability, and temporary depressive feelings.
The markets in the North America have emerged as the leader in the global sleep patches market. This region's demand for effective sleep solutions is significant with an estimated 70 million Americans experiencing persistent sleep issues. In addition, sleep deprivation has far-reaching consequences, impacting various aspects of individuals' lives.
Online Segment is Expected to Grow the Market Due to Increasing Reliance on Digital Platforms
Online segment has demonstrated the fastest-growing rate throughout the forecast period in the sleep patches market. This trend aligns with the increasing reliance on digital platforms and e-commerce for various consumer needs. Especially, millennials between the ages of 18 and 34 have emerged as the dominant age group driving online commerce.
Regional markets in the Asia Pacific are household to a large population, including many individuals living in challenging conditions. As a result, sleep patterns and duration in this region have raised concerns, particularly in countries such as China in the sleep patches market. For instance, according to the Chinese Sleep Research Report 2022, the average sleep duration of Chinese people has declined from 8.5 hours in 2012 to 7.06 hours in 2021. This decrease of 1.5 hours is significant and highlights a growing issue of insufficient sleep.
A comprehensive analysis of the major players in the sleep patches market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
Key Developments in Sleep Patches Market
- The Natural Patch Co. unveiled a groundbreaking development in the form of sleep patches entirely free of medications, hormones, and the need for medical supervision recently. Their innovative product, Sleep Patch, is designed for children two years and older. The company has achieved this feat by harnessing the power of nature and creating a unique blend of essential oils. These essential oils work synergistically to provide a calming and soothing effect on the body and mind, promoting a restful and rejuvenating sleep experience.
- PURE BOTANICA introduced a transdermal sleep patch in 2022, perfectly timed to coincide with National Sleep Awareness Month in March. This sleep patch employs the transdermal delivery system, allowing the natural ingredients to be absorbed through the skin and into the bloodstream, ensuring maximum efficacy.
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Key Questions Answered in Sleep Patches Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?
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