In-Depth Insights into the Insomnia Market: Growth, Trends, and Opportunities for 2025-2034
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How has the insomnia market grown over the years?
In recent times, the market size of insomnia has experienced a consistent expansion. The growth is projected to rise from $5 billion in 2024 to $5.24 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. This development during the historical period may be credited to escalating stress levels, the occurrence of mental health disorders, the practice of shift work and inconsistent work hours, improved awareness and diagnosis, as well as an elevated intake of stimulants.
What Is the forecasted market size and growth rate for the insomnia market?
Predictions show significant growth in the insomnia market size in the upcoming years. It’s projected to reach $6.62 billion by 2029 with a compound annual growth rate (CAGR) of 6.0%. This surge during the forecast period can be credited to factors such as the effect of the global health crisis, heightened awareness about sleep hygiene, increased focus on mental health and wellness, government-led sleep health initiatives, and social determinants’ influence. The forecast period will likely see major trends like digital health solutions for sleep monitoring, cognitive behavioral therapy for insomnia, telehealth for sleep consultations, incorporation of sleep health into primary healthcare, and exploration of new therapeutic targets.
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What are the major factors driving growth in the insomnia market?
The rising number of employees struggling with Stress linked to their employment is anticipated to fuel the expansion of the insomnia market. Work-related Stress involves detrimental mental and physiological responses that occur when the worker’s abilities, assets, or knowledge do not meet the work requirements or pressures. Insomnia, being one of the adverse health effects from job stress, is being treated based on its severity with medication or cognitive behavioural therapies, among others. Hence, the escalation in work-related Stress contributes to more sales in the insomnia market. To illustrate, as per the American Psychological Association in October 2022, work-related Stress is becoming a substantial concern with 77% of workers acknowledging experiencing stress from work in the preceding month. Additionally, 57% reported negative impacts like emotional exhaustion (31%), a common trigger for workplace burnout. Consequently, the rise in work-related Stress is augmenting the insomnia market’s development.
What key areas define the segmentation of the global insomnia Market?
The insomnia market covered in this report is segmented –
1) By Therapy Type: Non-Pharmacological Therapy, Pharmacological Therapy
2) By Drug Class: Anti-Depressants, Melatonin Antagonist, Benzodiazepines, Nonbenzodiazepines, Orexin Antagonist, Other Drug Classes
3) By Route Of Administration: Oral, Parenteral, Other Route Of Administration
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Non-Pharmacological Therapy: Cognitive Behavioral Therapy For Insomnia (CBT-I), Sleep Hygiene Education, Relaxation Techniques, Stimulus Control Therapy, Sleep Restriction Therapy
2) By Pharmacological Therapy: Prescription Medications, Over-The-Counter, Herbal Supplements
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What are the top market players propelling the growth of the insomnia industry?
Major companies operating in the insomnia market include Pfizer Inc., Merck & Co Inc., Sanofi S.A., GlaxoSmithKline plc., Takeda Pharmaceutical Company Limited, Koninklijke Philips N.V., Viatris Inc., Astellas Pharma Inc., Sun Pharmaceutical Industries Limited, Eisai Co.Ltd., UCLA Health Insomnia Clinic, Jazz Pharmaceuticals PLC, Aurobindo Pharma Limited, Purdue Pharma LP, Cipla Inc., Dr. Reddy’s Laboratories Ltd., Zydus Lifesciences Limited, Lupin Limited, Mallinckrodt Pharmaceuticals Plc., Fisher & Paykel Healthcare Corporation Limited, ResMed Inc., Sunovion Pharmaceuticals Inc., Casper Sleep Inc., Biocodex Inc., Vanda Pharmaceuticals Inc., Pernix Therapeutics Holdings Inc., SleepScore Labs, Alpha-Stim, Neurim Pharmaceuticals Ltd., NightWare Inc.
What are the key trends shaping the future of the insomnia market?
Product invention is an emerging trend being observed in the insomnia market, with leading firms in the insomnia therapeutics landscape focusing on the development of innovative solutions to stay relevant. In accordance with this trend, WELT, a Korean medical equipment company, earned approval for its novel insomnia treatment device, WELT-I, from the Ministry of Food and Drug Safety (MFDS) in April 2023. WELT-I, tagged as an inventive medical, is aimed to address behavioral, psychological, and cognitive elements that either maintain or amplify insomnia. It provides treatments rooted in cognitive behavioral therapy (CBT) which is recommended as the primary strategy in clinical guidelines for managing insomnia. Classified as a Software as a Medical Device (SaMD), WELT-I enhances insomnia handling via personalised sleep time execution, sleep disruption habit analysis, patient behavior intervention for sleep quality improvement, and eight-week relaxation therapy for anxiety and tension reduction.
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What regions are dominating the insomnia market growth?
North America was the largest region in the insomnia market in 2024. The regions covered in the insomnia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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