Global Insomnia Treatment Market 2021 is expected to register a CAGR of 5.5%, during forecast period with Impact of Covid 19 Analysis

Insomnia

Global “Insomnia Treatment Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Insomnia Treatment in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Insomnia Treatment Market report categorizes the market based on manufacturers, regions, type, and application. Insomnia Treatment Market reports offer a detailed assessment of the Insomnia Treatment including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Insomnia Treatment market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Insomnia Treatment Market Overview

The Insomnia Treatment Market is expected to grow, at a CAGR of approximately 5.5% during the forecast period. The insomnia drugs comprise of a wide range of patented drugs as well as generics. The patented drugs hold the larger share of the revenue in developed regions due to better reimbursement policies. On the other hand, generics & branded generics accounted for the largest revenue in developing and underdeveloped regions. Zolpidem is the highest selling insomnia treatment drug, owing to its effectiveness and easy availability. In terms of sales channel distribution, the prescription segment accounted for the largest share of over 80% of the total market revenue in 2017. This segment is expected to maintain its dominance throughout the forecast period owing to an increase in the use of prescription pharmaceuticals.

Increasing Stress Due to Highly Active Lifestyle of Individuals to Induce a Surge in the Insomnia Treatment Market

In a study published in PMC in 2015 by “Hindawi Journal” (by Timothy Fitzgerald and Jeffrey Vietri), it was revealed that approximately 25% of US adults have conveyed discontent regarding their sleep, of which 10 to 15% claim to experienced insomnia symptoms and 6–10% suffer from insomnia. The study also shows that approximately 70% of patients suffering from partial stages of insomnia also end up reporting insomnia disorder within one year, and 50% of that population continues to suffer from the symptoms for the next three years. The study suggests that insomnia has become one of the most prevalent disorders being reported in the primary care setup. Also, a high comorbidity rate has been observed between insomnia and medical or some psychiatric disorders. These statistics are more or less a direct consequence of the increasing stress due to the current lifestyle of the urban population. The other factors such as side effects due to certain OTC and prescription medication, arthritis, high usage of media devices before sleep, are driving the number of people suffering with insomnia, thus boosting the market growth prospects. Moreover, the growth of psychological conditions and constantly increasing noise levels in the urban areas will also propel the insomnia treatment market, during the forecast period.

Patient Non-Adherence due to Characteristic Side Effects of Sleeping Pills to Impede the growth of Insomnia Treatment Market

Insomnia drugs have certain well recognized characteristic side effects which include, drowsiness, light-headedness, memory loss and poor concentration, hallucinations and nightmares, worsening sleep apnea, drug dependence and addiction and drug interactions. Other serious side effects of insomnia drugs include parasomnia and withdrawal symptoms. The most commonly faced side effect of insomnia drugs is daytime drowsiness in patients. This can cause confusion and thereby hamper simple daily tasks like driving. Decision making and concentration also become challenging. Drugs like zaleplon, zopiclone, and zolpidem which are prescribed for a short duration of 15 to 30 days, can cause delusions or hallucinations in certain patients. Some patients complain of nightmares after using insomnia drugs. In a study published on PMC by “PLOS Journal” in 2015 it was found that in patients suffering from insomnia using prescription insomnia drugs, 39.7% reported non-adherence due to forgetfulness and/or inconvenience. Furthermore, 13.6% of the surveyed population reported being non-adherent due to other adverse effects in US. The above-discussed factor along with misconceptions about the seriousness of insomnia will lead to the restricted growth of the Insomnia Treatment Market.

North America to Maintain Lead as the Largest Shareholder

North America leads the Insomnia Treatment market and accounted for about half of the total market share in 2017. Growing need for sleep disorder treatment in the U.S. and Canada coupled with the growing prevalence of sleep disorders is a driving factor for the market in this region. Along with this, the rise in awareness and high health care spending are also expected to drive the market. Other factors that will promote the demand for insomnia drugs include the high prevalence of this illness among the geriatric population and rapidly growing geriatric population in the US.

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The global Insomnia Treatment market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Insomnia Treatment Market Report covers the Top Key-players in 2021:-

  • Ebb Therapeutics
  • Merck & Co.
  • Mylan N.V.
  • Paratek Pharmaceuticals
  • Inc.
  • Pfizer Inc.
  • Sanofi S.A.
  • Sumitomo Dainippon Pharma Co.
  • Ltd
  • Takeda Pharmaceutical Company Ltd.
  • Teva Pharmaceutical Industries Ltd.
  • and Vanda Pharmaceuticals Inc. among others

Highlighted points of Insomnia Treatment Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Insomnia Treatment Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Insomnia Treatment? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Insomnia Treatment Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Insomnia Treatment Market? What Was Capacity, Production Value, Cost and PROFIT of Insomnia Treatment Market?
  • What Is Current Market Status of Insomnia Treatment Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Insomnia Treatment Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Insomnia Treatment Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Insomnia Treatment Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Insomnia Treatment Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Insomnia Treatment Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Insomnia Treatment Industry?

Key Developments in the Insomnia Treatment Market: in the Insomnia Treatment Market:

  • Jan 2017: Cerêve Inc., a privately-held healthcare company is preparing to launch its FDA-cleared insomnia device. The company announced today the closing of a $38 million Series B round of financing led by KKR, a leading global investment firm. Also participating in the financing are existing shareholders Versant Ventures, Arboretum Ventures, and Partner Ventures.

    Reasons to Purchase the Insomnia Treatment Market Report

  • Current and future Insomnia Treatment Market outlook in the developed and emerging markets
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-months analyst support, along with the market estimation sheet (in Excel)

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    Finally, the report Global Insomnia Treatment Market 2021 describes the Insomnia Treatment industry expansion game plan, the Insomnia Treatment industry knowledge supply, appendix, analysis findings, and the conclusion.

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