About Sleep Disorder Therapeutics
Sleep disorder therapeutics market has high growth prospects wooing to increasing prevalence of insomnia and growing geriatric population. For instance, according to the data published in the report by American Sleep Association 50-70 million adults in the United States have a sleep disorder. Further, growing demand for novel treatments for sleep disorders and growing healthcare infratstrure in the developing economies expected to drive the demand for sleep disorder therapeutics market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Sleep Disorder Therapeutics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eisai Co., Ltd. (Japan), Meda Consumer Healthcare Inc. (United States), Merck & Co., Inc. (United States), Pernix Therapeutics Holdings (United States), Pfizer, Inc. (United States), Sanofi S.A. (France) and Takeda Pharmaceutical Company Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cadila Healthcare (India) and Vanda Pharmaceuticals, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Sleep Disorder Therapeutics market by Type (Drugs [Benzodiazepines, Nonbenzodiazepines, Antidepressants, Orexin Antagonists, Melatonin Antagonists, Others] and Medical Devices) and Region.
On the basis of geography, the market of Sleep Disorder 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).
Influencing Trend:
Growing Adoption of Combination of Devices & Drugs for Treating Sleep Disorder and Development of New Technologies in Sleep Disorder Therapeutics
Market Growth Drivers:
Increasing Prevalence of Insomnia and Growing Geriatric Population
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
Stringent Government Regulations Regarding Sleep Disorder Therapeutics
Opportunities:
Increasing Demand of Generics Drugs for Sleep Disorder and Growing Healthcare Infratstrure in the Developing Economies
Market Leaders and their expansionary development strategies
In February 2023, Pharmanovia has announced the expansion of its neurology portfolio through a new partnership with US-based biopharmaceutical company, Axsome Therapeutics, Inc. The acquisition gives Pharmanovia the exclusive marketing rights to Sunosi® (solriamfetol), a first in class medicine used to improve wakefulness and reduce excessive daytime sleepiness (EDS) in adults with narcolepsy or obstructive sleep apnoea (OSA)1, in Europe and MENA regions.
In October 2023, Jazz Pharmaceuticals plc, announced that the Company and its partners has presented 14 abstracts from across its sleep medicine portfolio, including two oral presentations.
“The U.S. Food and Drug Administration announced the agency is requiring a new boxed warning – the agency’s most prominent warning – on certain prescription insomnia drugs to better ensure patients and their health care professionals have the information they need when considering use of these medicines. The boxed warning follows several reports of rare, but serious injuries and deaths resulting from various complex sleep behaviors after taking these medicines. These complex sleep behaviors may include sleepwalking, sleep driving and engaging in other activities while not fully awake, such as unsafely using a stove. The new warnings will be required for eszopiclone (Lunesta), zaleplon (Sonata) and zolpidem (Ambien, Ambien CR, Edluar, Intermezzo, and Zolpimist).”
Key Target Audience
Goverment Regulatory, Research Organization, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.