Insomnia Market Competitors Analysis: Till 2023

The global insomnia market is growing mainly due to the stressful work conditions. According to a recent study report published by the Market Research Future, The global insomnia market is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).

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Insomnia is a common sleep disorder characterized by difficulties in sleep. Insomnia can exist as it’s alone or conjugated with other psychiatric problems. Insomnia is most common is women and the severity may increase in conditions like pregnancy, postpartum, and menopause. The exact cause of insomnia is still a mystery. Many research has shown that biological, behavioural and psychological factors are responsible for initiating of insomnia. Different types of treatment are available in the market- Pharmacological and non-pharmacological treatment. According to a study published in 2017, it is found that prevalence of insomnia in China was around 15.0% which is lower than the other countries such as 27.1% in USA, 37.2% in France and Italy, 50.5% in Poland, 17.3% in Singapore, and 15.3% in Japan.

Global Insomnia Market – Competitive Analysis

The global insomnia treatment market is currently dominated by few players.

Merck & Co., Inc. is one of them by holding a strong share in the market. The company’s stronghold is largely attributed to its innovative and sustainable products. On August 14, 2014 Merck received FDA approval for its insomnia drug i.e. Belsomra (suvorexant). The FDA has approved this drug in four different strengths i.e. 5 mg, 10 mg, 15 mg and 20 mg.

Meda Consumer Healthcare Inc. is also one of the leading player in insomnia market. The company has three medicine known as MidNite Sleep aid, MidNite PM for Pain and MidNite for Menopause. The company has significantly expanded its leadership in sleep and alertness aid segment and Vivarin alertness aid. The company has also acquired the MidNite brand.

Vanda Pharmaceuticals Inc., a US based biopharmaceutical company, focuses on the development of commercialization of innovative therapy and is constantly working for the unmet need and for the improvement of the patients’ lives.  In January, 2014, the company has received approval for insomnia product i.e. Helitoz trasimelteon. The medicine is used to treat 24- hours sleep wake disorder. Also the other product Hetlioz got approval from European Commission in July 2015 to launch the product in European market.

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Eisai, Co. is an old company which into making medicine for the insomnia. Company is a larger player in the Japanese market. Company has acquired the manufacturing rights to make API and as well the IPR right from Chugai and Roche to treat insomnia. The marketing authorization are transferred as well as the transition of marketing activities for Rohypnol from Chugai to Eisai and are applicable from April 1, 2017.

Eisai, Co. Ltd. (Japan), Pfizer (US), Merck & Co Inc (US), Sanofi (France), Takeda Pharmaceutical Company (Japan),  Meda Consumer Healthcare Inc (US), Pernix Therapeutics (US), Purdue Pharma L.P. (US), Johnson & Johnson (US),  Astellas (UK), Biocodex S A (France), and Vanda Pharmaceuticals Inc. (US) are some of the prominent players at the forefront of competition in the insomnia market and are profiled in MRFR Analysis.

Global Insomnia Market – Regional Analysis

On regional basis the global insomnia market is segmented into four regions- North America, Europe, Asia Pacific and Middle East and Africa.  Due to introduction of new technology and new treatments North America is has the highest market for insomnia followed by Europe. Increasing stress is the major problem for increasing the insomnia market in North America and Europe. Asia Pacific and Middle East and Africa has the lowest market for insomnia.

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Global Insomnia Market – 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, and 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.

TABLE OF CONTENTS

1 INTRODUCTION

1.1 DEFINITION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS & LIMITATIONS

1.2.2.1 ASSUMPTIONS

1.2.2.2 LIMITATIONS

1.3 MARKET STRUCTURE:

2 RESEARCH METHODOLOGY

2.1 RESEARCH PROCESS:

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH:

3 MARKET DYNAMICS

3.1 DRIVERS

3.2 RESTRAINTS

3.3 OPPORTUNITIES

3.4 MACROECONOMIC INDICATORS

4 MARKET FACTOR ANALYSIS

Continued…

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