Global Insomnia Market Projected to Surpass $6.62 Billion by 2029 with 6% Annual Growth

Which drivers are expected to have the greatest impact on the over the insomnia market's growth?
The rise in stress related to work is anticipated to push forward the expansion of the insomnia market. Work-related stress encompasses damaging emotional and physical reactions that occur when a worker's resources, abilities, or knowledge do not align with the demands and pressures of their job. This type of stress can lead to adverse health effects, including insomnia. Treatment for insomnia depends on its severity and can range from medication to cognitive-behavioral therapies, and more. Consequently, the increase in stress related to work is enhancing sales in the insomnia market. For example, in October 2022, the American Psychological Association, a US-based association of psychologists, reported that job stress remains a significant concern: 77% of employees admitted experiencing work-related stress in the past month. Furthermore, 57% indicated having felt negative impacts, such as emotional exhaustion at 31%, which is frequently connected to job burnout. Hence, the climbing rate of work-related stress is fueling the growth of the insomnia market.

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What is the future CAGR of the insomnia market, and how will it impact industry expansion?
The dimension of the insomnia market has been progressively expanding in the past few years. The advancement from $5 billion in 2024 till $5.24 billion in 2025 will happen at a compound annual growth rate (CAGR) of 4.7%. The expansion during the historical phase can be linked with the upsurge in stress levels, dominance of mental health disorders, adjustments in working hours due to shift work, greater understanding and identification of the issue, and the excessive use of stimulants.

The market for insomnia treatments is predicted to witness a significant increase in the coming years. The market is expected to expand to a value of $6.62 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%. Factors contributing to this growth during the forecast period include the effects of the global health crisis, heightened awareness about maintaining sleep hygiene, focus on mental health and wellness, governmental efforts promoting sleep health, and social determinants. Foreseen trends for the forecast period encompass digital solutions for sleep monitoring, cognitive behavioral therapy for insomnia, utilising telehealth for sleep-related consultations, integrating sleep health into primary care, and novel therapeutic targets' research.

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What are the most significant trends transforming the insomnia market today?
Product innovation is emerging as a significant trend in the insomnia market. Major players in the insomnia therapeutics market are creating inventive treatments to maintain their market standing. For instance, WELT, a medical device company based in Korea, in April 2023, was granted approval by the Ministry of Food and Drug Safety (MFDS) for its innovative digital device for insomnia treatment, known as WELT-I. The WELT-I device was recognized as an innovative medical device designed to address behavior, psychology, and cognition factors that exacerbate or maintain insomnia. It provides treatment following cognitive behavioral therapy (CBT), which is a primary treatment in clinical instructions for insomnia. Classified as a software as a medical device (SaMD), the device enhances insomnia by customizing the sleep time, assessing sleep disturbance habits, intervening in the patient's behavior to improve sleep quality, and delivering eight weeks of relaxation therapy to reduce tension and anxiety.

Which key market segments comprise the insomnia market and drive its revenue growth?
The insomnia market covered in this report is segmented -

1) By Therapy Type: Non-Pharmacological Therapy, Pharmacological Therapy
2) By Drug Class: Anti-Depressants, Melatonin Antagonist, Benzodiazepines, Nonbenzodiazepines, Orexin Antagonist, Other Drug Classes
3) By Route Of Administration: Oral, Parenteral, Other Route Of Administration
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

Subsegments:
1) By Non-Pharmacological Therapy: Cognitive Behavioral Therapy For Insomnia (CBT-I), Sleep Hygiene Education, Relaxation Techniques, Stimulus Control Therapy, Sleep Restriction Therapy
2) By Pharmacological Therapy: Prescription Medications, Over-The-Counter, Herbal Supplements

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What regions are at the forefront of insomnia market expansion?
North America was the largest region in the insomnia market in 2024. The regions covered in the insomnia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the insomnia market?
Major companies operating in the insomnia market include Pfizer Inc., Merck & Co Inc., Sanofi S.A., GlaxoSmithKline plc., Takeda Pharmaceutical Company Limited, Koninklijke Philips N.V., Viatris Inc., Astellas Pharma Inc., Sun Pharmaceutical Industries Limited, Eisai Co.Ltd., UCLA Health Insomnia Clinic, Jazz Pharmaceuticals PLC, Aurobindo Pharma Limited, Purdue Pharma LP, Cipla Inc., Dr. Reddy's Laboratories Ltd., Zydus Lifesciences Limited, Lupin Limited, Mallinckrodt Pharmaceuticals Plc., Fisher & Paykel Healthcare Corporation Limited, ResMed Inc., Sunovion Pharmaceuticals Inc., Casper Sleep Inc., Biocodex Inc., Vanda Pharmaceuticals Inc., Pernix Therapeutics Holdings Inc., SleepScore Labs, Alpha-Stim, Neurim Pharmaceuticals Ltd., NightWare Inc.

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What Is Covered In The Insomnia Global Market Report?

• Market Size Forecast: Examine the insomnia market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the insomnia market for a structured understanding.
• Key Players Overview: Analyze major players in the insomnia market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the insomnia market.
• Segment Contributions: Evaluate how different segments drive overall growth in the insomnia market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the insomnia market.
• Industry Challenges: Identify potential risks and obstacles affecting the insomnia market.
• Competitive Landscape: Review strategic developments in the insomnia market, including expansions, agreements, and new product launches.

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