Insomnia Market is expected to grow at a CAGR 4.5% during the forecast period of 2017-2023 (1)

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Insomnia Market is expected to grow at a CAGR
4.5 during the forecast period of 2017-2023
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Insomnia Market
Overview The global insomnia market is all set
to gain substantially from a moderate CAGR of
4.5 during the forecast period (2017-2023),
claims Market Research Future (MRFR) in an
extensively researched study. Insomnia, across
the world, is on the rise aggravated much by
anxiety and stress which are by-products of the
changing lifestyle. In a roundabout a way this
also triggers the global insomnia market. Drivers
and Restraints Rapid industrialization and
urbanization affected the populace adversely so
much so that physiologically people are becoming
incapable of continually updating themselves as
per the latest lifestyle changes. Along with it,
a sedentary lifestyle has chipped in with
physical ailments. Together they have a knock-on
effect on the human biological clock disturbing
sleep the most and in the process causing
insomnia. Rising geriatric population is also a
major driving factor for the market. Advanced
technologies are also giving the market a
much-needed thrust. It offers significant help in
reducing the stress level and canceling out other
factors that act as hindrances for sound sleep.
Various pharmaceuticals are also developing drugs
that can reduce the stress level Request For
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Insomnia Market
Regional Analysis Region-wise analysis covers
North America, Europe, Asia Pacific (APAC) and
the Middle East and Africa (MEA). North America
is currently leading the market. The rise in
geriatric population and growing level of stress
among the residents are the chief driving
factors.Technological advancements and
availability of the latest treatments are also
giving the region much momentum. People here are
more aware of the psychological disorders and
deficiencies due to which the market is
experiencing significant growth. Favorable
reimbursement policies are also helping the
sector work better in the region. Europe has the
second largest market. Progress in research and
development in this sector has given the regional
market enough thrust to expand appropriately. The
APAC and the MEA generate the least share of the
global market. Lack of awareness and proper
healthcare structure are acting as market
deterrents in the region. However, working in
shifts is proving daunting for the region and is
giving rise to cases of insomnia. Japan has a
high prevalence of the disease. But the APAC is
witnessing better reimbursement policies which
can boost the market in future. Check For
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Insomnia Market
Segmentation The global insomnia market can be
segmented by types of therapy, drug formulation,
and disease condition. Based on types of therapy,
the market can be further segmented into
pharmacological therapy and non-pharmacological
therapy. Pharmacological therapy includes
benzodiazepines, non-benzodiazepines, melatonin
receptor agonists and other. Non-pharmacological
includes relaxation therapy, cognitive behavioral
therapy, sleep hygiene education, stimulus
control, paradoxical intention and other.
Pharmacological therapy may witness an increase
in demand as the bioavailability of drugs are
fetching positive results. However, prolonged
usage of such medicines can cause dependency or
addiction. On the other hand, cognitive
behavioral therapy (CBT-1) can prove beneficial
for the industry in the foreseeable future. On
the basis of drug formulation, the market covers
capsules, tablets, and others. With
pharmaceutical therapy gaining the majority this
market is all set to rise higher. As per the
condition of the disease, the market can be
segmented into poor quality of sleep, sleep
maintenance and other
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