Global Insomnia Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Insomnia, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global insomnia market size was US$ 4.3 billion in 2021. The global insomnia market size is estimated to reach US$ 6.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.9% during the forecast period from 2022 to 2030.
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Insomnia is a popular sleep ailment that can make it difficult to fall asleep, remain asleep, or rise too early and sleep back. The common reasons for insomnia contain inconsistent sleep schedules, stress, mental health disorders, inadequate sleeping habits like physical sickness and pain, anxiety, and depression, specific sleep disorders and medications, and neurological problems.
Factors Influencing Market Growth
? The growth in the majority of various types of sleep disturbances, like parasomnias and insomnia, and a rise in mental depression, and other painful diseases propel the overall market growth.
? The rise in mental depression around the world population drives the expansion of the global market.
? The rise in the majority of chronic diseases, like cancer, propels the overall market growth.
? The advanced software has observed an impact on diagnosis and support in the sleep of users. Hence, the convenient availability of such advanced software and machines drives the overall market expansion.
Study of the COVID-19 Pandemic
The COVID-19 outbreak is expected to have a positive influence on overall market growth. The pandemic resulted in job losses for several workers as industries were not functioning adequately, which contributed to an increase in stress among individuals. Also, fear of the pandemic led to depression in some individuals worldwide. Thus, a rise in stress, and depression related to COVID-19, increases the need for insomnia drugs and propels the overall market growth.
Regional Insights
North America recorded the highest market share in 2020 and is anticipated to lead the global market in 2022 to 2030, due to an increase in the majority of insomnia, a high incidence of work-related stress, and proper healthcare infrastructure, like the existence of insomnia centers in the region.
Asia-Pacific is anticipated to record the highest CAGR during the forecast period due to a rise in the geriatric population, a high population base, and odd-time work shifts.
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Leading Competitors
The prominent players in the global insomnia market are:
? Zydus Cadila
? VIATRIS
? Vanda Pharmaceuticals
? Takeda Pharmaceutical
? Sanofi
? MINERVA NEUROSCIENCES
? Germany
? Pfizer
? CURRAX PHARMACEUTICALS
? EISAI
? Others
Segmentation Analysis
The global insomnia market segmentation focuses on Therapy Type and Region.
Segmentation on the basis of Therapy Type
? Pharmacological Therapy
? Non-pharmacological Therapy
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Segmentation on the basis of Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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