No notable innovations or changes have taken place in the sleep aids market over the past year. However, it will be interesting to observe if products like melatonin undergo a switch from prescription-only to OTC availability.
The competitive landscape in sleep aids is expected to remain relatively unchanged in the short term, characterised by fragmentation. While Abbott’s Soñax is the top positioned brand, domestic laboratories such as Laboratorio de Farmacología Vegetal SA (Labfarve), Laboratorios Naturfar SAS, and Funat, amongst others, enjoy significant recognition and collectively hold a substantial market share.
CBD has been approved in Colombia since 2017, and CBD oil is available. Amongst its various therapeutic applications, aiding in sleep regulation and promoting mood relaxation are notable.
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Understand the latest market trends and future growth opportunities for the Sleep Aids industry in Colombia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Sleep Aids industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
These aids include combinations of active ingredients (e.g. diphenhydramine + acetaminophen) and single ingredient (e.g. doxylamine succinate). Herbal remedies made with valerian root, passionflower, and others, are included. This category also tracks melatonin products - a hormone, even if they are classified as a dietary supplement in some countries.
See All of Our DefinitionsThis report originates from Passport, our Sleep Aids research and analysis database.
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