Insomnia Market Overview
Insomnia is commonly recognized and understood as a common sleep disorder common amongst people of different age groups. Also, difficulty in sleeping is often categorized as a person having insomnia. This can exist in an independent state and also, can be conjugated with other kinds of psychiatric issues. It is a lesser-known fact that insomnia is more common with females and the condition is likely to increase during life phases like pregnancy and postpartum, along with the menopause cycle. However, the exact cause of insomnia is still an unknown mystery that is yet to be discovered. There have been many types of research that show that there is an important role of the biological, psychological, alongside behavioral aspects that result at the beginning of insomnia in various individuals. There are both pharmacological, along with the non-pharmacological treatment available in the insomnia market for helping patients that suffer from insomnia.
Owing to the rate at which insomnia is being diagnosed and the demand for treatments of different kinds, the insomnia market is expected to attain a 4.5% CAGR growth during the ongoing forecast period ending in 2021.
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Segment Overview
Based on the demand for the treatment for insomnia, the insomnia market has been segmented to cater to the demands of people having different stages and symptoms of insomnia. The market segments are as follows:
By therapy
Based on the therapy for patients suffering from insomnia, both pharmacological and non-pharmacological therapy is available. Pharmacological therapy is further divided into prescription sleep aids, alongside, over-the-counter sleep aids. Further, non-pharmacological therapy includes hypnotherapy, medical devices, and cognitive behavioral therapy.
By region
Based on the regions, the insomnia market is providing its services in global regions like North America, the Middle East, and Africa, alongside Asian Pacific countries and Europe.
By drug formulation
Medicinal drugs for patients suffering from insomnia are available in the form of capsules and tablets amongst others. These can be taken on the prescription as recommended by the doctor.
Disease condition
The patients suffering from insomnia have disease conditions like poor sleep quality, maintenance of sleep, and having qualitative sleep amongst others.
Regional Analysis
As mentioned, the global insomnia industry is functional in four major geographies of the world. The North American region is expected to have the highest growth in the global insomnia market. The reason behind this splendid growth resulting in domination for the insomnia market is the timely introduction of new technologies for the potential customers in the market. A similar trend has been adopted by the European countries which are promising a good return for their efforts in the future. However, the APAC region, along with the Middle East and African regions have the lowest market for Insomnia patients and a lot of investment and efforts are required for the insomnia market growth here by the end of the forecast period in 2021.
Competitive Landscape
The report discusses the scope of the global insomnia market by analyzing the recent developments of the key market players in several locations across the globe. Also, to draw the competitive market landscape, it is important to know the key market players. These are as follows:
- Vanda Pharmaceuticals Inc. (US)
- Neurim (Switzerland)
- Eisai, Co. (Japan)
- Purdue Pharma L.P. (US)
- Merck & Co Inc (US)
- Pfizer, Inc. (US)
- Astellas (UK)
- Flynn Pharma (UK)
- Takeda Pharmaceutical Company (Japan)
- SkyePharma (UK)
- Meda Consumer Healthcare Inc (US)
- Sanofi (France)
- Biocodex S A (France)
- Pernix Therapeutics (US)
- Consumer Healthcare Inc. (Canada)
- Purdue Pharma L.P. (US)
- Dainippon Sumitomo (Japan)
- ECR Pharmaceuticals (US)
- Johnson & Johnson (US)
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