Press release
Insomnia Therapeutics Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Insomnia Therapeutics
What Is the Projected Growth of the Insomnia Therapeutics Market?
The market size for insomnia treatments has seen significant growth recently, expanding from $3.03 billion in 2024 to an expected $3.21 billion in 2025. This growth represents a compound annual growth rate (CAGR) of 6.0%. The growth during this historical phase is due to a range of factors, including a surge in insomnia cases, enhanced understanding of sleep disorders, the increased use of cognitive behavioural therapy for insomnia (CBT-I), expansion in pharmaceutical remedies, and a rise in the consumption of over-the-counter sleep aids.
Expectations are high for substantial growth within the insomnia therapeutics market over the coming years. The market's estimated value is anticipated to hit $4.01 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.7%. Factors contributing to this projected growth during the forecast period include the rise in AI-fuelled sleep monitoring techniques, the burgeoning demand for customized treatments, a growing elderly population suffering from sleep disorders, enhanced mental health awareness, and an escalating influx of innovative insomnia drugs. Significant trends during the predicted period encompass the inclusion of digital therapeutics in insomnia management, an amplified preference for non-drug therapies, accelerated adoption of wearable sleep monitoring devices, the formulation of advanced generation sleep medications, and the proliferation of telemedicine in managing sleep disorders.
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What Are the Different Insomnia Therapeutics Market Segments?
The insomnia therapeutics market covered in this report is segmented -
1) By Treatment Type: Drugs, Medical Devices
2) By Formulation: Tablets, Capsules, Liquid Solutions, Patches
3) By Route Of Administration: Oral, Intravenous, Transdermal, Other Routes Of Administration
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Clinics, Wellness Centers
Subsegments:
1) By Drugs: Benzodiazepines, Nonbenzodiazepines, Antidepressants, Orexin Antagonists, Melatonin Antagonists, Other Drugs
2) By Medical Devices: Cognitive Behavioral Therapy Devices (CBT-I Devices), Polysomnography Devices, Sleep Tracking Devices, Neurostimulation Devices, Light Therapy Devices
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What Are the Primary Drivers Shaping the Insomnia Therapeutics Market?
The surge in stress and modifications in lifestyle are projected to boost the expansion of the insomnia therapeutics market. Such stress and alterations in lifestyle are attributed to psychological and behavioral changes in daily activities and obligations, leading to emotional tension and disturbed sleep schedules. The pervasive digital connectivity spurs these increasing stress levels and lifestyle changes, blurring the lines between work and home life, thereby restricting time for genuine mental relaxation. Insomnia therapeutics plays a pivotal role here by providing efficient, research-based treatment strategies that help regain normal sleep cycles, alleviate sleep-related anxiety, and foster mental health in the face of contemporary stress factors. For instance, as per the American Psychiatric Association (APA), a US-based psychiatrist organization, a percentage of U.S. adults reported higher anxiety levels, with an increase from 32% in 2022 to 37% in 2023 and finally hitting 43% in 2024. Consequently, these rising stress levels and changes in lifestyle are promoting the growth of the insomnia therapeutics market.
Which Companies Are Leading in the Insomnia Therapeutics Market?
Major companies operating in the insomnia therapeutics market are Pfizer Inc., Sanofi S.A., Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Merck KGaA, Eisai Co. Ltd., Sumitomo Pharma Co. Ltd., Aurobindo Pharma, Astellas Pharma Inc., Acadia Pharmaceuticals Inc., Vanda Pharmaceuticals Inc., Idorsia Ltd, Minerva Neurosciences, Big Health, Neurovalens, Electromedical Products International Inc., Neurim Pharmaceuticals Ltd., Innovative Neurological Devices (IND), Blake Insomnia Therapeutics Inc., Cerêve Inc.
What Insomnia Therapeutics Market Trends Are Gaining Traction Across Different Segments?
Leading businesses in the insomnia therapeutics market are making strides to create advanced treatments, like dual orexin receptor antagonists (DORAs), that offer safer, more targeted solutions with fewer side effects. DORA is a medication type that obstructs both the orexin-1 and orexin-2 brain receptors, thus promoting sleep by suppressing the wakefulness signaling channel-making it popular for insomnia treatment. For example, in June 2023, QUVIVIQ (daridorexant), a pioneering dual orexin receptor antagonist (DORA), was introduced by Idorsia Pharmaceuticals Ltd., a pharmaceutical firm from Switzerland, to treat chronic insomnia disorder. This therapy is calibrated to limit nocturnal wakefulness without disrupting natural sleep pattern, facilitating enhanced sleep induction, sustenance, and daily functioning for patients. The approval of this therapy signifies a major progression in the intervention of insomnia owing to its unique mode of operation differing from conventional sedative-hypnotic agents and furnishing an essential solution for long-lasting, non-addictive therapeutic options.
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What Are the Top Revenue-Generating Geographies in the Insomnia Therapeutics Market?
North America was the largest region in the insomnia therapeutics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the insomnia therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Insomnia Therapeutics Market?
2. What is the CAGR expected in the Insomnia Therapeutics Market?
3. What Are the Key Innovations Transforming the Insomnia Therapeutics Industry?
4. Which Region Is Leading the Insomnia Therapeutics Market?
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