MRC Announces the Publication of its Research Report – Global Sleeping Aids Market 2017-2021
MRC recognizes the following companies as the key players in the global sleeping aids market: GlaxoSmithKline, Hill-Rom, Koninklijke Philips, and Merck
Other Prominent Vendors in the market are: Abecca Healthcare, Becton Dickinson, Betterlifehealthcare, Cadwell Laboratories, Compumedics, Lifeline Corporation, Medical Depot, Natus Medical, Pfizer, Talley Group, and Teva Pharmaceuticals.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Use of the Internet to create awareness. The emergence of the Internet allows consumers to glance through and request from a range of products and services offered by the vendors through their online websites and portals. The Internet has made it easy for the patients to get information on new and improved products and compare a product with its competitors before making the final purchase decision. The use of the Internet also aids in brand retention and visibility. The capacity of vendors to showcase their services online allows them to capture a large market share and helps in higher revenue generation.”
Further, the report states that one of the major factors hindering the growth of this market is High cost of products. Pressure-relief mattresses and CPAP devices are some of the products used for the treatment of sleeping disorders such as sleep apnea. Pressure-relief mattresses are considered a lifestyle product and are not purchased frequently. On an average, a pressure-relief mattress will cost anywhere between $530 to $4,000, depending on the type and features of the product. Unlike other lifestyle products, pressure-relief mattresses do not require regular maintenance or service to ensure optimal performance and functioning. Given, the relatively long life and the high price of these mattresses, the chances of repurchase by customers are reduced considerably. As product lifespans are also dependent on the advances of parallel product features, they become obsolete after the introduction of new products in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Check Discount on Report @ https://marketreportscenter.com/request-discount/565015
MRC recognizes the following companies as the key players in the global sleeping aids market: GlaxoSmithKline, Hill-Rom, Koninklijke Philips, and Merck
Other Prominent Vendors in the market are: Abecca Healthcare, Becton Dickinson, Betterlifehealthcare, Cadwell Laboratories, Compumedics, Lifeline Corporation, Medical Depot, Natus Medical, Pfizer, Talley Group, and Teva Pharmaceuticals.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Use of the Internet to create awareness. The emergence of the Internet allows consumers to glance through and request from a range of products and services offered by the vendors through their online websites and portals. The Internet has made it easy for the patients to get information on new and improved products and compare a product with its competitors before making the final purchase decision. The use of the Internet also aids in brand retention and visibility. The capacity of vendors to showcase their services online allows them to capture a large market share and helps in higher revenue generation.”
Get sample copy of this report @ https://marketreportscenter.com/reports/565015/global-sleeping-aids-market-2017-2021#
According to the report, one of the major drivers for this market is Increasing technological innovations in CPAP devices. Technological innovations have resulted in the development of improved CPAP devices as per the end-user requirements. Vendors are focusing on R&D activities to design and develop innovative CPAP devices and accessories. 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 last two series of full-face masks by Hans Rudolph have all the features to address the latest market demands globally. Also, the latest CPAP devices by ResMed include the integrated humidification with wireless connectivity so that medical equipment providers for home-care and other healthcare providers receive regular reports on patients' progress.Further, the report states that one of the major factors hindering the growth of this market is High cost of products. Pressure-relief mattresses and CPAP devices are some of the products used for the treatment of sleeping disorders such as sleep apnea. Pressure-relief mattresses are considered a lifestyle product and are not purchased frequently. On an average, a pressure-relief mattress will cost anywhere between $530 to $4,000, depending on the type and features of the product. Unlike other lifestyle products, pressure-relief mattresses do not require regular maintenance or service to ensure optimal performance and functioning. Given, the relatively long life and the high price of these mattresses, the chances of repurchase by customers are reduced considerably. As product lifespans are also dependent on the advances of parallel product features, they become obsolete after the introduction of new products in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Check Discount on Report @ https://marketreportscenter.com/request-discount/565015
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