Press release
Insomnia Market size was valued at US$ 5.23 Bn in 2023 and the total revenue is expected to grow at 4.2 % through 2024 to 2030, reaching nearly US$ 6.97 Bn.
Insomnia Market
Insomnia Market Overview:
The global insomnia market is set to witness significant growth, with its market size valued at USD 5.23 billion in 2023. Projections indicate that the market will grow at a CAGR of 4.2% from 2024 to 2030, reaching an estimated USD 6.97 billion by the end of the forecast period.
Insomnia, a prevalent sleep disorder that affects individuals across various demographics, continues to challenge both the healthcare industry and the individuals suffering from it. This condition, characterized by difficulty falling or staying asleep, can occur independently or in conjunction with other psychological issues. Women are particularly more prone to insomnia, especially during critical life stages such as pregnancy, postpartum, and menopause. Despite extensive research, the precise cause of insomnia remains elusive.
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Drivers in the Insomnia Market :
The insomnia market is primarily driven by the introduction of innovative sleep-inducing medications, devices, and treatments. Notable advancements include a groundbreaking treatment developed by the Insomnia Clinic in Bloomsbury, which has shown an 80% success rate in clinical trials. Additionally, Eisai Inc.'s development of lemborexant, a dual orexin receptor antagonist, promises effective treatment for insomnia, particularly among the elderly population. The affordability and efficacy of these devices and medications are expected to play a pivotal role in propelling market demand.
Insomnia Market Trends:
A significant trend reshaping the dry shampoo market is the growing awareness of hair health. Consumers are increasingly seeking products that allow for extended intervals between washes while maintaining hair's natural sebum. This trend is further amplified by the rising demand for products that are free from harsh chemicals, catering to those with sensitive scalps. The emphasis on eco-friendly practices, including reduced water usage, is also driving market growth, with consumers gravitating toward brands that prioritize sustainability.
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Insomnia Market Opportunities:
Manufacturers in the insomnia market are increasingly adopting competitive pricing strategies to capture market share. Additionally, mergers, acquisitions, and technological innovations remain key focal points, positioning companies to capitalize on emerging opportunities in the market.
What is Insomnia Market Regional Insight?
North America is expected to dominate the global insomnia market throughout the forecast period, with the region accounting for the largest market share in 2023. The Asia Pacific region, excluding Japan, is also projected to experience substantial growth due to an increase in shift work and urbanization, leading to a rise in sleep disorders. Countries like Indonesia, India, and China are anticipated to drive this growth, with the United States and Canada significantly contributing to North America's market leadership. According to the Centers for Disease Control and Prevention (CDC), millions of adults in the U.S. suffer from insomnia, largely attributed to unhealthy lifestyles and rising stress levels.
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Segmentation Analysis of the Insomnia Market
by Therapy
Cognitive Behavioral Therapy for Isomnia
Hypnotherapy
Other Alternative Therapies
by Drug
Class Antidepressants
Melatonin Antagonist
Benzodiazepines
Nonbenzodiazepines
Orexin Antagonist
Others
Who is the largest manufacturers of Insomnia Market worldwide?
1. Astellas
2. Biocodex S A
3. Consumer Healthcare Inc.
4. Dainippon Sumitomo
5. ECR Pharmaceuticals
6. Eisai Co.
7. Flynn Pharma
8. Johnson and Johnson
9. Meda Consumer Healthcare Inc.
10. Merck and Co. Inc.
11. Neurim
12. Pernix Therapeutics
13. Pfizer Inc
14. Purdue Pharma L.P.
15. Sanofi Pasteur
16. SkyePharma
17. Takeda Pharmaceutical Company
18. Mallinckrodt
19. Galt Pharmaceuticals, LLC.
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Key Offerings:
Past Market Size and Competitive Landscape
Insomnia Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Insomnia Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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