In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global sleep mask market considering 2014-2018 as the historic year and 2019–2029 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting sleep mask market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
Amidst increasing cases of sleep apnea and insomnia, the global sleep mask market is growing at a CAGR of more than 3.5% between 2019 and 2029. The market is getting tailwinds from changing consumer trends that favor alternative techniques to cure sleep related diseases. Sleep masks offer an ideal way to battle sleep related ailments. With research and development in material, design, and comfort features, manufacturers are differentiating products in a highly competitive market. Market players are mining opportunities in luxury travel segment and medical treatments of sleep diseases by forging strategic partnerships with travelling service providers and sleep science professionals.
Key Takeaways of Global Sleep Mask study
- Regular sleep masks are projected to grow 1.5X during the forecast period. This is closely followed by contour sleep masks. On the other hand, wrap-around sleep masks are offering lucrative opportunities for leading stakeholders in the market
- Offline channels of distribution are set to capture 75% market share. Online channels of distribution show healthy growth opportunities with 1.6 X gains through 2029.
- North America holds majority of market share, the region will 1.3X growth during the forecast period. This is followed by Europe and East Asian countries where consumer awareness about importance of sleep is driving sleep mask adoption.
Smart sleep mask technologies such as IOT sleep masks and REM sleep masks are garnering a lot og consumer traction. For instance, IoT sleep masks can switch on/off lights and control room temperature based on sleep data of the user. Similarly, smart sleep masks emit a dim orange light that induces melatonin production to help consumers fall asleep naturally. Scientists and R & D departments are developing sleep mask technology that promotes health.
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Find More Valuable Insights on Sleep Mask Market
FactMR, in its new offering, provides an in-depth analysis of the global sleep mask market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2029. The study provides readers with compelling insights on the global sleep mask market on the basis of product type (Regular, Contoured, Wrap around, and Others), distribution channels (offline and online), and regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
The global sleep mask market size is expected to reach USD 18.6 million by 2025, expanding at a CAGR of 4.2%, according to a new report by Radiant Insights, Inc.
The rising prevalence of sleeping disorders on account of fluctuating climate patterns and hectic lifestyle is expected to expand market scope.
Over the past few years, the number of international travelers has grown considerably.
For instance, in June 2019, Earth Therapeutics introduced a new website in order to improve consumers' shopping experience.
The key sleep mask manufacturers include Dream Essentials, LLC; Alaska Bear; Sleep Master; LC Industries, Inc.; HappyLuxe; Earth Therapeutics; Sonoma Lavender Co.; LumosTech, Inc.; Nidra Goods; EcoTools; Bedtime Bliss; Napiform; and PrettyCare.
Market estimates and forecast, 2015 - 2025 (USD '000) Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/personal-care About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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With 1000+ market research reports and 1 billion+ data points, Fact.MR serves each and every requirement of the clients operating in the global packaging industry.
Fact.MR deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis.
Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.Fact.MR, in its upcoming business report, elaborates on the historical and current scenario of the global Sleep Mask Market demand in terms of production, consumption, volume, and value.
The report scrutinizes the market into various segments, regions, and players on the basis of demand patterns and growth prospects.Crucial information and forecast statistics covered in the Sleep Mask market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.To Get the Sample Copy of the Report visit @ https://www.factmr.com/connectus/sample?flag=S_id=4523 COVID-19 Impact Analysis on Sleep Mask MarketThe recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Sleep Mask market is no exception.
Products that are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.Following the government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Sleep Mask market have put their production on a halt.
Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
