With a new University of California-San Francisco study showing that taking sleeping pills may increase the risk of developing dementia, non-chemical opportunities are awakening in the sleep aid market.
Sleep Aid Market Size
The global sleep aids market is estimated to grow from $78.72 billion in 2022 to $124.97 billion in 2030, according to a Presence Research study
The report projects growth in the laboratory segment of sleep aid development will experience a compound annual growth rate (CAGR) of 8.3 percent by 2030. In addition, the Asian-Pacific region is expected to experience the greatest growth with a projected CAGR of 9.4 percent.
However, North America is expected to remain the largest market for sleep aids. Currently, that region’s CAGR is expected to be 5.95 percent through the end of the decade.
Sleep Disorders
According to the Centers for Disease Control and Prevention (CDC), adults 18 and older should get seven or more hours of sleep each day. However, CDC research shows that 36.4 percent of adults 18-44 get less than seven hours of sleep a night.
Insomnia is the leading cause of sleep problems. However, according to the Cleveland Clinic, there are 80 different sleep disorders.
Impact of Sleep Loss
Not getting enough sleep can leave you in a fog that adversely affects how you function while awake. In children, a lack of sleep can lead to learning disabilities. In adults, loss of sleep can impair judgment and reaction time. Furthermore, sleep deprivation can result in personality changes, depression, and irritability.
On the physical side, continual lack of sleep can lead to obesity and disease, such as diabetes and heart disease.
Sleep Aid Wearables and Treatment
The causes of sleep disorders are wide-ranging. They include such things as depression or anxiety, asthma, side effects from medications, a disruptive work schedule, alcohol use, and heredity (narcolepsy is genetic).
The Cleveland Clinic recommends you see a healthcare provider if you are struggling to get enough sleep.
Treatment for sleep disorders may vary depending on the causes and medications you may be taking.
Drugs and supplements for treating sleep disorders may be effective in some people. However, they may also present side effects that range from nausea to hallucinations.
Increasingly, wearable devices are being used to monitor sleep. These gadgets do not offer a solution to sleep problems. Rather they monitor sleep to give feedback on the duration and quality of sleep you experience.
Companies in the wearables space include Samsung, Garmin, Apple, and Fitbit.
Therapeutic Approach
Some sleep problems can be treated with counseling. Your doctor can provide a referral to a licensed therapist.
However, a new specialist has arisen in sleep therapy -the sleep coach. These practitioners examine your living habits with an eye to suggest behavioral changes to improve your sleep.
The use of sleep coaches has grown to the point that some companies are paying for their services to help employees. No wonder when you consider that the National Safety Council estimates that worker fatigue costs employers $136 billion dollars a year.
Currently, there are no government licensing or certifications for sleep coaches. However, again, you may be able to get a referral from your physician.
There are also DIY tactics that may help you sleep better, such as avoiding caffeinated drinks late in the day, setting a bedtime routine, and exercising regularly.
Read More:
- Tips for Preparing and Filing Your Small Business Taxes Correctly
- Effective Ways to Save Money on Business Taxes
- Should You Be Paying to File Your Taxes?
Come back to what you love! Dollardig.com is the most reliable cashback site on the web. Just sign up, click, shop, and get full cash back!