The latest report by IMARC Group, titled “Insomnia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global insomnia market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global insomnia market size reached US$ 5.1 billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 6.1 billion by 2028, exhibiting a growth rate (CAGR) of 3% during 2023-2028.
insomnia market Overview
Insomnia refers to a sleep disorder that can lower energy levels and affect the mood, health, work performance and overall life quality of an individual. Its causes include stress, long travels, hectic work schedules, poor sleep habits, binge eating, etc., and excessive consumption of nicotine, caffeine, alcohol, etc. Insomnia can also be associated with mental health disorders, including post-traumatic stress and the use of drugs, such as antidepressants for asthma or blood pressure, and over-the-counter (OTC) for pain relief, allergies, colds, etc. Its treatment options, including cognitive-behavioral therapy (CBT), over-the-counter (OTC) sleep aids, and prescription medications, such as Eszopiclone and Ramelteon, are currently available across various countries.
Market Trends in the Insomnia Market
The increasing prevalence of social isolation, work challenges, and family obligations, owing to the sudden outbreak of the COVID-19 pandemic, is among the key factors stimulating the insomnia market. Apart from this, the rising incidences of stressful events that impact the sleep patterns of individuals are also propelling market growth. Besides this, the inflating cases of medical conditions, such as chronic pain, cancer, diabetes, heart disease, asthma, gastroesophageal reflux disease (GERD), overactive thyroid, Parkinson’s disease, and Alzheimer’s disease, are further fueling the global market. Additionally, hormonal shifts during the menstrual cycle and menopause can lead to the risk of developing insomnia, which is also driving market growth. Moreover, the elevating investments in testing new treatments, interventions, and tests to prevent, detect, treat, and manage insomnia are expected to positively influence the insomnia market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
- Astellas Pharma Inc.
- Aurobindo Pharma Limited
- Biocodex, Eisai Co. Ltd.
- Mallinckrodt Pharmaceuticals
- Merck & Co. Inc.
- Neurim Pharmaceuticals Inc.
- Pfizer Inc., Sanofi S.A.
- Sumitomo Dainippon Pharma Co. Ltd. (Sumitomo Chemical Co. Ltd.),
- Takeda Pharmaceutical Company Limited
- and Vanda Pharmaceuticals Inc.
Report Segmentation:
The report has segmented the market on the basis of Type, Drug Class, Distribution Channel, and Region industry.
Breakup by Therapy Type:
Non-Pharmacological Therapy
- Hypnotherapy
- Cognitive Behavioral Therapy
- Medical Devices
- Others
Pharmacological Therapy
- Prescription Sleep Aids
- Over-The-Counter Sleep Aids
Breakup by Drug Class:
- Antidepressants
- Melatonin Antagonist
- Benzodiazepines
- Nonbenzodiazepines
- Orexin Antagonist
- Others
Breakup by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request a free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 |
Exclusive For You!
🚀 Ready to take your business to the next level? Look no further than Walltronix! We're your go-to experts for all things digital, dedicated to helping businesses of all sizes thrive. 🌟 Imagine a future where innovation and creativity reign supreme. That's what we're all about. 🎨 From jaw-dropping design and development to turbocharged SEO services, we've got your digital needs covered. 💻✨ Join us on this exciting journey to digital success! 🌐💼
Walltronix core services encompass:
- Digital & Social Media Marketing
- Website Design & Development
- E-commerce Development
- Native Mobile Applications
- Web & SaaS Applications
- SEO & Backlink Generation
- Content Management
- Blog creation & monetization
Unlocking Your Potential with Walltronix:
Discover a range of Free invaluable tools, thoughtfully crafted to enhance your digital journey:
- Bolt: Website audit & SEO report generator Tool
- The SMS City: Premium WhatsApp & SMS messaging Platform
- Sizzly: Advanced URL shortner, Custom CTA, Bio Pages & much More
- Optimus: Track live website visitors & traffic
- Mosh: Ultimate website widgets & conversion generator
Elevate your digital presence and engage your audience effectively with Walltronix. Join hands with us, and let's shape your digital future together.
Visit Website
Mail Us
WhatsApp Us
Our Portfolios
