Press release
Insomnia Market to Observe Utmost CAGR of 5.4% by 2029, Size, Share, Demand, Key Drivers, Development Trends and Competitive Outlook
The Insomnia Market survey report has provided crucial information about the elements that are impacting and driving the sales of the market. The report suggests that several macroeconomic factors such as gross domestic product (GDP) and the increasing inflation rate are expected to affect directly or indirectly in the development of the market. The section of competitive landscape holds utmost importance in the report which consists of key market players functioning in the worldwide Healthcare industry. Insomnia market analysis report has been formulated with the proper research methodology and validated from the professionals and analysts to ensure the distinguished quality.Insomnia is a professional and comprehensive report covering market parameters about the Healthcare industry. Even more, the report consists of market evolution, market shares, associations and level of investments with other leading companies, monetary settlements impacting the Insomnia market in recent years are also analyzed. The report pinpoints on the leading market competitors with explaining company profile depending on SWOT analysis to illustrate the competitive nature of the market internationally. Global Insomnia market analysis report also provides insights about import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
Insomnia market is expected to gain market growth in the forecast period of 2022-2029. Data Bridge Market Research analyses the market to account to grow at a CAGR of 5.4% in the above mentioned forecast period. The factors driving this market's growth are emerging markets and massive investment in research and development.
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Market Overview
Insomnia is a sleep disorder in which a person finds it difficult to sleep or stay asleep. Low stamina, daytime sleepiness, depression, and irritability are among the symptoms. It is a very common disorder that affects millions of people all over the world. Circadian rhythm disruption, chronic pain, hyperthyroidism, menopause, psychological stress, and other medical conditions all contribute to insomnia. Furthermore, excessive use of drugs such as caffeine, alcohol, and nicotine may result in insomnia. Various diagnostic devices are used in sleep laboratories to diagnose this disorder.
Rising stress levels, the presence of patented molecules in the market, potential drugs in the clinical pipeline, the introduction of technologically advanced medical devices, and the growing geriatric population are all factors influencing the growth of the insomnia therapeutics market. Growing awareness about the impact of sleep deprivation on daily life is expected to increase the adoption rate of various insomnia treatments, resulting in revenue growth for the insomnia therapeutics market.
Other factors, such as side effects from certain over-the-counter and prescription medications, arthritis, and excessive use of media devices before bed, are increasing the number of people suffering from insomnia, boosting market growth prospects. Furthermore, the rise in psychological disorders and the ever-increasing noise levels in cities will drive the insomnia treatment market during the forecast period. Furthermore, emerging markets and significant investment in research and development are driving this market's growth.
Global Insomnia Market Scope And Market Size
The insomnia market is segmented on the basis of therapy type, drug class, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
• On the basis of therapy type, the global insomnia market is segmented into non-pharmacological and pharmacological therapy
• Based on drug class, the global insomnia market is segmented into melatonin antagonist, antidepressants, benzodiazepines, non-benzodiazepines and others.
• Route of administration segment for global insomnia market is categorized into oral, parenteral and others.
• On the basis of end-users, the global insomnia market is segmented into hospitals, homecare, specialty clinics and others.
• On the basis of distribution channel, the global insomnia market has been bifurcated into hospital pharmacy, online pharmacy and retail pharmacy.
Some of the major players operating in the insomnia market are Takeda Pharmaceutical Company Limited., Dr. Reddy's Laboratories Ltd., Pfizer Inc., Endo International plc, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Mylan N.V., Novartis AG, Lupin., Cipla Inc., Aurobindo Pharma., Torrent Pharmaceuticals Ltd, Alvogen., Merck Sharp & Dohme Corp., Apotex Inc., Zydus Cadila., Saneca Pharmaceuticals, Unichem Laboratories, Neuland Laboratories Ltd., Divi's Laboratories Limited and HIKAL Ltd. among others.
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