Insomnia Market is estimated to be US$ 6.13 billion by 2030 with a CAGR of 5.30% during the forecast period

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Published Date: March 2024

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 “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 “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:

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 Insomnia Market is segmented into Pharmacological Therapy and Non Pharmacological Therapy.
By Drug Formulation, the Insomnia Market is segmented into Capsules and Tablets.
By Type of Diseases, the Insomnia Market is segmented into Poor Quality of Sleep and Sleep Maintenance.
By region, the 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 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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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered