Press release
Europe, the Middle East and Africa Insomnia Market Set For Rapid Growth by 2023; Says Astellas, Biocodex S A, Neurim
Insomnia is the most common disorder in Europe, Middle East and Africa. Large number of people suffer from insomnia in these regions. Europe, the Middle East and Africa insomnia market is driven mainly because of increasing insomnia patients principally due to increasing workload and pressure, changing lifestyle and high incident of mental disorders which favor the growth of this market. Anxiety and depression also contribute to an increase in the market of insomnia. Increasing prevalence of neurological disorders favor the growth of the market. Emphasis on awareness and education of insomnia regarding its symptoms and causes also boost this market.
Competitive Analysis:
Pfizer Inc. (U.K), Sanofi (France), GlaxoSmithKline Plc. (UK), Astellas (UK), Biocodex S A (France), Neurim (Switzerland). Others players are Flynn Pharma (UK) CAD Middle East Pharmaceutical Industries LLC (Saudi Arabia), Tabuk Pharmaceutical (Jordan).
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Pfizer develops and produces medicines and vaccines for a wide range of medical disciplines, including cardiology, oncology, diabetology, neurology and immunology. Indiplon is a drug manufactured by Pfizer for insomnia. Pfizer, Inc. is a US headquartered pharmaceutical company. SONATA is one of the major product of this company. Company is focusing on the development of the new sleeping pills. Company has successfully completed the phase 4 study of Pristiq for the treatment of depressive disorders.
Sanofi is a global life science company. It manufactures drugs for immunology, cardiology, diabetes, oncology and other healthcare specialties. Zolpidem is a drug manufactures by the company for insomnia. The study of effect of this drug on people with insomnia was carried by the company in 2007.
GlaxoSmithKline Plc. is a global pharmaceutical company manufacturing and marketing the products and solutions in healthcare industry. In 2008. The company collaborated with Acetelion to conduct clinical trials on orexin receptor antagonist for insomnia. In 2011, the company stopped these trails as a safety concern as the subjects were unable to tolerate the dose of medicine.
Neurim is a drug discovery and development company. The company mainly focuses on insomnia and neurogenetic diseases to improve the quality of life of the patients. “Circadin”” was the first approved drug for insomnia.
Regional Analysis
On regional basis, Europe accounts for accounts the largest share in the Europe, the Middle East and Africa insomnia market. France accounts for the largest market share in insomnia market in Europe. Middle East is the second largest market for insomnia followed by Africa. Increase in prevalence of insomnia, thus resulting in increasing consumption of sleeping pills is the major driving factor for the market in Europe, the Middle East and Africa region.
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