Sleep Aids - Mauritius

Mauritius

Highlights

Revenue in the Sleep Aids market amounts to US$140.30k in 2024. The market is expected to grow annually by 5.02% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$2bn in 2024).
In relation to total population figures, per person revenues of US$0.11 are generated in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Sleep Aids market in Mauritius has been experiencing steady growth over the past few years, driven by changing customer preferences and increasing awareness about the importance of sleep.

Customer preferences: In line with global trends, customers in Mauritius are becoming more conscious about their sleep patterns and are seeking solutions to improve their sleep quality. Sleep aids such as herbal supplements, sleep masks, and white noise machines have gained popularity among consumers who are looking for natural and non-invasive ways to enhance their sleep. Additionally, there is a growing demand for sleep aids that are portable and can be easily used during travel.

Trends in the market: One of the key trends observed in the Sleep Aids market in Mauritius is the increasing popularity of herbal sleep aids. Customers are showing a preference for natural and plant-based products that have minimal side effects. This trend is in line with the global shift towards natural remedies and wellness products. Manufacturers and retailers are capitalizing on this trend by introducing a wide range of herbal sleep aids that cater to different customer needs. Another trend in the market is the rise in demand for sleep aids that help with specific sleep disorders such as insomnia and sleep apnea. As awareness about these sleep disorders increases, customers are seeking targeted solutions to address their specific sleep issues. This has led to the development of specialized sleep aids that are designed to alleviate symptoms and improve sleep quality for individuals with sleep disorders.

Local special circumstances: Mauritius is a popular tourist destination, attracting visitors from around the world. Many tourists suffer from jet lag or have difficulty adjusting to the new time zone, which can disrupt their sleep patterns. As a result, there is a demand for sleep aids that can help travelers overcome jet lag and ensure a good night's sleep during their stay in Mauritius. This has led to the availability of a wide range of sleep aids in hotels, airports, and tourist areas.

Underlying macroeconomic factors: The growth of the Sleep Aids market in Mauritius is also influenced by underlying macroeconomic factors. The country's growing middle class and increasing disposable income have contributed to higher consumer spending on health and wellness products. Additionally, the government's focus on promoting tourism and wellness has created a favorable environment for the growth of the Sleep Aids market. With more tourists visiting the country and an increasing emphasis on wellness, the demand for sleep aids is expected to continue to rise in Mauritius. In conclusion, the Sleep Aids market in Mauritius is witnessing growth due to changing customer preferences, increasing awareness about sleep health, and favorable macroeconomic factors. The market is characterized by a preference for natural and herbal sleep aids, as well as targeted solutions for specific sleep disorders. The presence of a thriving tourism industry further contributes to the demand for sleep aids in the country.

Data coverage:

Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.