The Global Insomnia Market accounted for US$ 3.79 billion in 2020 and is estimated to be US$ 6.13 billion by 2030 and is anticipated to register a CAGR of 5.30%. Insomnia is a disorder characterized by lack of sleep or inability to sleep. People with insomnia often experience fatigue, low energy, difficulty concentrating, mood disturbances, and decreased performance overall. Insomnia-related conditions are caused due to disruption in circadian rhythm, chronic pain, hyperthyroidism, menopause, and psychological stress. Excessive use of drugs, such as caffeine, alcohol, and nicotine could also lead to insomnia.
The report “Global Insomnia Market By Therapy Type (Pharmacological Therapy and Non Pharmacological Therapy), By Drug Formulation (Capsules and Tablets), By Type of Diseases (Poor Quality of Sleep and Sleep Maintenance), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
- In 2017, The European Sleep Research Society has laid down guidelines for the diagnosis alongside the treatment of patients suffering from insomnia. The guidelines laid further talk about the use of light therapy and exercise that are seen as potential and useful getaways to treat insomnia. However, the evidence for the same is weak and low as of now.
Analyst View:
Surging number of insomnia patient across the globe is the primary factor driving the market. Technological advances in the treatment drugs are also fuelling the target market growth currently. In addition, increasing number of people working in shifts and stressful conditions is also supporting the global market growth. However, lack of education and awareness about the disorder is a major restraining factor for the growth of the market. Factors like presence of large undiagnosed insomnia population pool and untapped markets in developing economies present lucrative opportunities for the market growth.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Insomnia Market By Therapy Type (Pharmacological Therapy and Non Pharmacological Therapy), By Drug Formulation (Capsules and Tablets), By Type of Diseases (Poor Quality of Sleep and Sleep Maintenance), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030”
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Key Market Insights from the report:
The Global Insomnia Market accounted for US$ 3.79 billion in 2020 and is estimated to be US$ 6.13 billion by 2030 and is anticipated to register a CAGR of 5.30%. The global insomnia market has been segmented into therapy type, drug formulation, type of diseases and region.
- By Therapy type, the Global Insomnia Market is segmented into Pharmacological Therapy and Non Pharmacological Therapy.
- By Drug Formulation, the Global Insomnia Market is segmented into Capsules and Tablets.
- By Type of Diseases, the Global Insomnia Market is segmented into Poor Quality of Sleep and Sleep Maintenance.
- By region, the Global Insomnia Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is dominating the global market as it accounts for the highest percentage of insomnia-affected patients among all regions.
Competitive Landscape:
Key players operating in the global insomnia market include Eisai, Co., Pfizer, Inc., Merck & Co Inc., Sanofi SA, Takeda Pharmaceutical Company, Meda Consumer Healthcare Inc., Pernix Therapeutics, Purdue Pharma L.P., Consumer Healthcare Inc., and Dainippon Sumitomo Pharma Ltd.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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