Insomnia is a sleep disorder wherein the person finds difficulty in sleeping or to remain asleep. Person suffers from improper sleep patterns and feels irritated, experiences low stamina, depression and sleepiness in daytime.
Insomnia is caused due to various biological, behavioral and psychological reasons such as unrhythmic heartbeat, hyperthyroidism, menopause, stress and other similar medical conditions. It affects ladies more during conditions like pregnancy, postpartum and menopause.
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KEY PREMIUM INDUSTRY INSIGHTS
- The insomnia market is bound to increase worldwide because of changes in lifestyle, increase in stress at workplace, changes in work shifts, rise in the number of people suffering from insomnia, and rise in chronic diseases. The advancement in technology is another market driving factor that is helping to explore the untapped markets creating growth opportunities for the insomnia market.
- In addition, the rise in demand for insomnia treatment options is boosting the market growth. Pharmaceutical companies are collaborating to find out newer treatment options and contributing towards the progress of the market.
- However, the side effect of drugs for insomnia is hampering the growth of the market worldwide. Moreover, the process of patent creation and the regulations are also acting as a major market restraint.
The insomnia market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the world. The North America region holds the highest market share and is the largest revenue contributor of the insomnia market.
The region continues to dominate the global market due to emergence of new technologies and new treatments for insomnia. Next in line is the Europe region which is witnessing steady growth in the insomnia market during the forecasted period because of increase in stress.
Asia-Pacific region has the least market share worldwide.
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This report analyzes the insomnia market by the following segments:
Insomnia Market, by Types of Therapy
- Pharmacological Therapy
- Non Pharmacological Therapy
Insomnia Market, by Drug Formulation
Insomnia Market, by Diseases Condition
- Poor Quality of Sleep
- Sleep Maintenance
KEY MARKET PLAYERS
Key players in the insomnia market include:
- Eisai, co.
- Merck & co inc
- Takeda Pharmaceutical Company
- Pfizer, Inc.
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