Global Insomnia Therapy Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.7 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
The Insomnia Therapy Market has seen a significant rise in recent years, driven by the increasing awareness of sleep disorders and a growing number of people suffering from insomnia. As of 2024, the market is expected to continue its rapid expansion, fueled by advancements in both pharmaceutical and non-pharmaceutical treatments. Various therapies, including cognitive behavioral therapy (CBT-I), sleep aids, and innovative technologies such as wearable devices, are reshaping the insomnia treatment landscape.
Insomnia is not just a trivial issue; it affects millions globally. The World Health Organization reports that over 30% of adults suffer from some form of insomnia. This statistic has led to an influx of treatments designed to help individuals overcome sleepless nights. The market's growth is also attributed to a rising demand for personalized and digital treatments that cater to an increasingly health-conscious society.
Recent market research reveals that the insomnia therapy market is segmented into several treatment modalities. Pharmaceutical solutions, such as melatonin supplements and prescription sleep aids, dominate the market. However, therapies like CBT-I have been gaining momentum due to their long-term benefits and non-addictive nature. Moreover, advancements in digital health, including mobile apps for sleep tracking and virtual therapy sessions, are becoming popular solutions for people seeking to improve their sleep quality.
The market is also being influenced by increasing consumer spending on wellness and mental health, with individuals willing to invest in therapies that improve their quality of life. In fact, reports show that the global insomnia therapy market is expected to surpass $7 billion by 2027. Companies are actively launching new products, with some focusing on holistic approaches combining both therapeutic and lifestyle solutions.
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Merck & Co.
Sanofi
Pfizer
Takeda Pharmaceutical Company Ltd.
Purdue Pharmaceuticals L.P.
Eisai
Co. Ltd.
Meda Consumer Healthcare
Pernix Therapeutics
Vanda Pharmaceuticals
ECR Pharmaceuticals
Fidia Farmaceutici
Dainippon Sumitomo
Biocodex
Eli Lilly and Company
Ebb Therapeutics
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Insomnia Therapy Market
Hospital
Ambulatory Surgical Center
Home Care
Based on Types the Market is categorized into Below types that held the largest Insomnia Therapy market share In 2023.
Non-pharmacological Therapy
Pharmacological Therapy
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Insomnia Therapy Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Insomnia Therapy Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Insomnia Therapy Market, By Type
6. Global Insomnia Therapy Market, By Application
7. Global Insomnia Therapy Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Insomnia Therapy Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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