Press release
Insomnia Market Size, Outlook, Key Players, Revenue, Latest Trends, and Forecast 2032
According to Report Ocean , the global market is witnessing a significant rise in revenue from US$ million in 2023 to US$ million by 2032. The market will grow at a significant compound annual growth rate (CAGR) of % during the forecast period from 2023 to 2032.
Introduction
In 2021, the global insomnia market reached a valuation of US$ 4.3 billion, poised for further growth with an estimated market size of US$ 6.0 billion by 2030. This anticipated expansion, marked by a Compound Annual Growth Rate (CAGR) of 3.9%, underscores the pervasive impact of insomnia-a prevalent sleep disorder affecting the ability to initiate or maintain restful sleep.
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Unraveling the Web of Insomnia
Understanding the Struggles of Sleep
Insomnia, a widespread sleep ailment, disrupts sleep patterns, making it challenging to fall asleep, stay asleep, or maintain a consistent sleep schedule. Rooted in various causes, including stress, mental health disorders, inadequate sleeping habits, physical ailments, anxiety, and depression, insomnia poses a significant health concern globally.
Factors Influencing Market Growth
Navigating the Path to Serenity
Diverse Sleep Disturbances: The rise in various sleep disturbances, including parasomnias and insomnia, and an increase in mental depression and painful diseases, drive overall market growth.
Global Rise in Mental Depression: The surge in mental depression worldwide contributes significantly to the expansion of the global insomnia market.
Chronic Diseases: The prevalence of chronic diseases, such as cancer, fuels market growth as insomnia becomes intertwined with these conditions.
Advanced Diagnosis and Support: The impact of advanced software on diagnosis and sleep support adds momentum to market expansion, enhancing accessibility to sophisticated tools.
Study of the COVID-19 Pandemic
Awakening to New Challenges
The COVID-19 pandemic has paradoxically exerted a positive influence on the insomnia market. Job losses, disruptions, and the fear of the pandemic led to heightened stress and depression, increasing the demand for insomnia drugs. The consequent surge in insomnia-related issues propelled overall market growth.
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Regional Insights
North America Taking the Lead
North America: Recorded the highest market share in 2020 and is expected to maintain leadership from 2022 to 2030. Factors include a high incidence of insomnia, work-related stress, and robust healthcare infrastructure, including specialized insomnia centers.
Asia-Pacific: Anticipated to witness the highest Compound Annual Growth Rate (CAGR) during the forecast period. This growth is attributed to a rising geriatric population, a substantial population base, and unconventional work shifts prevalent in the region.
Leading Competitors
Pioneering the Path to Restful Sleep
Zydus Cadila
VIATRIS
Vanda Pharmaceuticals
Takeda Pharmaceutical
Sanofi
MINERVA NEUROSCIENCES
Germany
Pfizer
CURRAX PHARMACEUTICALS
EISAI
Others (Note: List not exhaustive; request a free sample for a complete list.)
Segmentation Analysis
Customizing Therapeutic Approaches
Therapy Type:
Pharmacological Therapy
Non-pharmacological Therapy
Geographical Segmentation:
North America
Europe
Asia Pacific
Middle East & Africa (MEA)
South America
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Table of Contents:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Key Reasons to Purchase this Report:
Strategic Direction
Comprehensive Analysis
Growth Opportunities
Competitive Landscape
Detailed Company Profiles
Future Market Outlook
Industry Analysis
Value Chain Insights
About Report Ocean
Report Ocean is a renowned market research reports provider, known for its informative research reports. They offer both quantitative and qualitative research results, leveraging the latest technology and analysis tools. Their global network and industry coverage provide in-depth knowledge for informed and strategic business decisions.
Contact Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
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Website: https://reportocean.us
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