June 17, 2017 Pune, India, / Market Research Future published a half cooked research report on Global Insomnia Market which is estimated to grow at a CAGR OF 4.5% after 2023.
Market Highlights
Insomnia is a common sleep disorder. It was estimated that approximately 30 -35% of global population is suffering from this disorder. Disturbance in sleep frequently awaking or difficulty in returning to sleep after awaking are the major complication in insomnia. Treatment of insomnia is given on the basis of the condition or severity of disease. Low dose of antidepressant and no benzodiazepine are normally administer. Increasing social stress, more workload and thinking about future are the major reasons for increasing symptoms like insomnia. Women are more likely to suffer from this disorder. Global insomnia market is growing at a steady rate during past few years and is expected to grow at a CAGR of 4.5% in coming future. Insomnia drug have found its application in treatment of other diseases like Alzheimer’s and Parkinson disease which has help to boost the market of insomnia. The insomnia market is hampered due to patient expiry of Sunovion in 2014 which was a top selling insomnia drug. However the new launches of product like Belsomra by Merck & Co. Inc and E-2006 by Eisai Co. will help to increase the market in coming future. The major driving factor for the insomnia market are increasing number of mental disorder, increase in patient suffering from Alzheimer’s and Parkinson’s disease, increasing workload and stress. Lack of awareness and education, and challenge to provide a cheap drugs compare with other brand can be responsible hampering the market growth.
Figure 1- Global Insomnia Market, by region
Global Insomnia Market, by regionGlobal Insomnia market is segmented into four geographies- North America, Europe, Asia Pacific and Middle East and Africa. Due to increasing number mental and psychological disorder insomnia market has got fuel for the development. Global insomnia market is dominated by North America. US accounts the biggest market in the world which is followed by Japan. It was estimated the insomnia market in Japan will reach to 400.4 million till 2023.
Segmentation:Global Insomnia Market has been segmented on the basis of types of therapy which comprises Pharmacological therapy which is further sub segmented into benzodiazepines, non-benzodiazepines, melatonin receptor agonists and other. Non Pharmacological therapy which is sub segmented into Relaxation therapy, Cognitive Behavioral Therapy, Sleep Hygiene Education, Stimulus Control, Paradoxical Intention and Other. By drug formulation they are segmented as Capsules, Tablet and others. On the basis of condition of diseases they are poor quality of sleep, sleep maintenance and other.
Majority of market is dominated by Eisai, Co. (Japan), Pfizer, Inc. (US), Merck & Co Inc (US), Sanofi (France), Takeda Pharmaceutical Company (Japan). Other player in the global insomnia market are Meda Consumer Healthcare Inc (US), Pernix Therapeutics (US), Purdue Pharma L.P. (US), Consumer Healthcare Inc. (Canada), Dainippon Sumitomo (Japan), ECR Pharmaceuticals (US), Flynn Pharma (UK), Johnson & Johnson (US), Astellas (UK), Biocodex S A (France), Neurim (Switzerland), SkyePharma (UK), and Vanda Pharmaceuticals Inc. (US).
Competitive Analysis
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