Insomnia is a common sleep disorder characterized by difficulties in sleep. Insomnia can exist as it’s alone or conjugated with other psychiatric problems. Insomnia is most common is women and the severity may increase in conditions like pregnancy, postpartum, and menopause. The exact cause of insomnia is still a mystery. Many research has shown that biological, behavioural and psychological factors are responsible for initiating of insomnia.
The global market for insomnia has a chance to make a move ahead with a 4.5% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) made an attempt to take a closer look at various factors that can transform the market. Among the major thrust providers, the rising rate of anxiety among people, side-effects of other treatments, social stress, work-related pressure, unhealthy lifestyle, the impact of the social media on sleep patterns, and others can trigger substantial changes in the market outcome.
Rising demand for OTC drugs, and rising approval from regulatory bodies are also fuelling the market growth. According to the CDC study, it says that American do sleep for 7hrs and 36min in working days while 40min more on non-working days. The insomnia is majorly seen in American women, data says that 24 percent of women have woken up with no well rest, while the 16 percent of men have experienced same. This percentage is very less in contrast to people who suffers from insomnia.
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The global insomnia market, as studied by MRFR experts, has been segmented by types, drug formulation, and conditions of diseases. These segments and their related data on factors are expected to help in gaining insights, which will later pave the way for a better market understanding to develop profit-making strategies.
By therapy, the study on the global insomnia market relies on a segmentation that includes pharmacological and non-pharmacological therapies. Pharmacological therapy includes non-benzodiazepines, melatonin receptor agonists, benzodiazepines, and others. The non-pharmacological therapy segment comprises sleep hygiene education, stimulus control, paradoxical intention, relaxation therapy, cognitive behavioral therapy, and others. The cognitive-behavioral therapy can play a crucial role in taking the market ahead.
By drug formulation, the study comprising details of the insomnia market reveals capsules, tablets, and others.
Companies playing a crucial role in taking the insomnia market ahead are Merck & Co Inc (US), Eisai, Co. (Japan), Pfizer, Inc. (US), Meda Consumer Healthcare Inc (US), Sanofi (France), Takeda Pharmaceutical Company (Japan), Consumer Healthcare Inc. (Canada), Pernix Therapeutics (US), Purdue Pharma L.P. (US), SkyePharma (UK), Flynn Pharma (UK), Dainippon Sumitomo (Japan), ECR Pharmaceuticals (US), Neurim (Switzerland), Johnson & Johnson (US), Astellas (UK), Biocodex S A (France), and Vanda Pharmaceuticals Inc. (US).
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These companies are making their presence felt by incorporating various tactical means. These often encompass mergers, acquisitions, collaborations, and innovations. Spurring the research-related investment, improvisation on branding and launching strategies and others are also a part of methods to expand the portfolio and create an edge to outdo peers. MRFR recorded some of these recent achievements to understand the flow of the market.
North America has the chance to score high in the insomnia market due to the wide-scale availability of various treatment methods. People are also aware of the issue and have the expenditure capacity to address the problem, which widens the market’s operational scope.
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