Sleep Disorder Treatment Drugs Market Scope
Sleep disorder is also known as sominpathy or insomnia is a medical disorder in which the patient experience difficulty in sleep maintenance or sleep initiation. Symptoms for this disorder include mental, physical, social, and emotional functions. Lack of sleep has a negative impact on the health of a person. The prevalence of sleep disorders has been significantly increased which is a primary factor fostering the market growth. Reportedly, in the United States, over 75% of people aged between 20 and 59 years have sleeping difficulties frequently.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Pfizer (United States), Sanofi (France), Merck Sharp & Dohme Corporation (United States), GlaxoSmithKline (United Kingdom), Koninklijke Philips N.V. (Netherlands), Takeda Pharmaceutical Company (Japan), Leva Pharmaceutical Industries (Pakistan) and Cardinal Health, Inc. (United States) |
CAGR | 5.5% |
The Global Sleep Disorder Treatment Drugs market is fragmented with several market players who are involved in many strategic collaborations and product launch. For instance, November 2018, DNDi and Sanofi will donate the medicine in support of international efforts to eliminate the disease. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Sleep Disorder Treatment Drugs market throughout the predicted period.
Pfizer (United States), Sanofi (France), Merck Sharp & Dohme Corporation (United States), GlaxoSmithKline (United Kingdom), Koninklijke Philips N.V. (Netherlands), Takeda Pharmaceutical Company (Japan), Leva Pharmaceutical Industries (Pakistan) and Cardinal Health, 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 Becton Dickson and Company (United States) and Natus Medicalorporated (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 Sleep Disorder Treatment Drugs market by Type , by Application (Hospitals, Clinics, Research Centers and Others) and Region with country level break-up.
On the basis of geography, the market of Sleep Disorder Treatment Drugs 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 March 2019, Jazz Pharmaceuticals plc announced that the Food and Drug Administration (FDA) approved Sunosi (solriamfetol) to improve wakefulness in adult patients with excessive daytime sleepiness associated with narcolepsy or obstructive sleep apnea (OSA). and January 2019, New Drug Application for Insomnia Disorder Treatment i.e.Lemborexant Submitted to FDA. Lemborexant, an investigational agent for sleep-wake regulation, seeking approval for the treatment of insomnia, a sleep-wake disorder. This application was based on the results of two pivotal Phase 3 clinical studies in patients with insomnia.
In March 2018, Drive DeVilbiss Healthcare introduced the next generation Trotter Mobility Chair. The product offers parents and caregivers a lightweight, foldable alternative to heavier wheelchair-style mobility bases. The new generation Trotter features a padded seat and back upholstery at the same low price as the original version. New accessories include angle adjustable footplates, anti-tippers, contoured headwings, headrest extension, canopy, under-seat carrier and Poziform ankle positioners.
November 2018, the European Medicines Agency recommends fexinidazole, the first all-oral treatment for sleeping sickness. This approval is a result of clinical trials led by the non-profit research and development organization DNDi and an application submitted by Sanofi.
Influencing Trend:
Introduction of Home Sleep Test Kits and Wearable Monitors, Advent of Continuous Positive Airway Pressure (CPAP) Therapy and Affordable Reimbursement Scenario for Drugs prescribed in Insomnia Treatment
Market Growth Drivers:
Increasing Incidence of Depression & Medical Disorder, Rising Geriatric Population and Associated Sleep Disorder and High Usage of Sleep Apnea Devices and Growing Healthcare Facilities
Challenges:
Patent Expiration of Sleep Disorder Treatment Drugs
Restraints:
Side Effects Associated with the Drug used to Treat Sleep Disorder
Opportunities:
Rising Investment on Research and Development of Drugs for the Sleep disorder
Key Target Audience
Sleep Disorder Treatment Drugs Manufacturer, Industry Associations, Potential Investors, Supplier, Traders & Distributors, Government and Regulatory Bodies and Others