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Rapid Industrialization to Boost Insomnia Therapeutics Market Growth by 2021
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Increased stress factors such as job loss, family disharmony and loss of a loved person may also be the causative factors for insomnia. The geriatric population is more prone for insomnia as compared to young people this is due to drug side-effects arising from treatment of chronic diseases.
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There have been several drugs available for the treatment of short and chronic insomnia. The most common drugs used for treatment include benzodiazepines, Zolpidem, Zaleplon, Tricyclic Antidepressants, Trazodone and several new generation antidepressants. The benzodiazepine class of drugs are used especially for short term treatment option and is commonly recommended for active persons and the elderly as they are easily eliminated from the body. The other class of insomnia drugs are myorelaxant along with anxiolytic properties. Prolong use of these drugs may cause dependency and addiction. Hence, these drugs must be taken under medical supervision.
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The major factors driving the growth of this market is rise in geriatric population, rise in number of mental disorders, growing stress levels among the younger generation coupled with rise in chronic and long lasting diseases such as cancers, Alzheimer’s and Parkinson’s disease that require sedatives as one of the drug needed to be administered. Geographically, the North America accounts for the largest market in terms of consumption followed by Europe. However, rise in chronic diseases in the Asian region along with rising disposable income has boosted the market for insomnia therapeutics market. The significant players of this market include Eli Lilly, Takeda, Sanofi Aventis and others.
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