Insomnia Therapeutics Market Scope
Insomnia is a sleep disorder in which the person has difficulty sleeping or sleeping. Symptoms are low stamina, daytime sleepiness, depression, and irritability. It is a common disease affecting millions of people around the world. Insomnia-related disorders are caused by disorders of the circadian rhythm, chronic pain, hyperthyroidism, menopause, psychological stress, and other disorders. In addition, excessive consumption of drugs like caffeine, alcohol, and nicotine can lead to insomnia. This disorder can be diagnosed in sleep laboratories with a variety of diagnostic equipment. Depending upon the duration of the disorder, insomnia is thereby divided into three types, namely transient, acute and chronic insomnia. In transient insomnia, symptoms persist for a few days to a few weeks; acute insomnia lasts for several weeks and chronic insomnia lasts for months to several years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Eisai, Co. Ltd. (Japan), Merck & Co., Inc. (United States), Mylan N.V. (United States), Meda Consumer Healthcare Inc. (United States), Eli Lilly and Company (United States), Pfizer, Inc. (United States), Sanofi (France), Takeda Pharmaceutical Company Ltd. (Japan), Pernix Therapeutics (United States), Sumitomo Dainippon Pharma Co., Ltd. (Japan), ECR Pharmaceuticals (United States), Purdue Pharma L.P. (United States) and Vanda Pharmaceuticals, Inc. (United States) |
CAGR | 5.5% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Insomnia Therapeutics market throughout the predicted period.
Eisai, Co. Ltd. (Japan), Merck & Co., Inc. (United States), Mylan N.V. (United States), Meda Consumer Healthcare Inc. (United States), Eli Lilly and Company (United States), Pfizer, Inc. (United States), Sanofi (France), Takeda Pharmaceutical Company Ltd. (Japan), Pernix Therapeutics (United States), Sumitomo Dainippon Pharma Co., Ltd. (Japan), ECR Pharmaceuticals (United States), Purdue Pharma L.P. (United States) and Vanda Pharmaceuticals, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Ebb Therapeutics (United States), Fidia Farmaceutici (Italy) and Paratek Pharmaceuticals Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Insomnia Therapeutics market by Type , by Application (Clinics and Hospitals) and Region with country level break-up.
On the basis of geography, the market of Insomnia Therapeutics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2023, dsm-Firmenich partnered with Bod Science to advance the science behind the first-ever CBD-based treatment for insomnia.
In March 2020, Pear Therapeutics launched Somryst, a prescription digital therapeutic for adults with chronic insomnia. The product, which provides cognitive behavioral therapy and personalized sleep restriction recommendations, received marketing authorization from the FDA.
Influencing Trend:
The Emergence of Newer Therapeutics with Lesser Adverse Effects, The Rise in Constantly Improving Healthcare Reimbursement Policies and A Paradigm Shift Due To Rising Awareness among Patients
Market Growth Drivers:
Increasing Prevalence of Insomnia across the World, Rising Stress Level, A Rise in Shift-Work Sleep Disorder and Increased Stress Level, Growing Geriatric Population, Increasing Awareness about Various Treatment Options and Growing Awareness about the Advantages of Melatonin and Valerian Roots
Challenges:
Higher Adoption of Generic Products That Are Available In Cheaper Price
Restraints:
Prolonged Use of These Drugs May Lead To Resistance
Opportunities:
Growing Demand for Sleep Disorder Treatment in the Emerging Economies, High Healthcare Spending and Development of New Technologies and Introduction of Medical Devices
Key Target Audience
Providers of Insomnia Therapeutics, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others