Europe, the Middle East and Africa Insomnia Market 2022
Europe, the Middle East and Africa insomnia market is expected to grow at a CAGR of 4.28% during forecasted period of 2017-2023.
Insomnia is a sleep disorder which can be caused by unhealthy sleep habits, specific substances, biological factors, psychiatric and medical conditions. Medical conditions that can cause insomnia are gastrointestinal problems, sinus, endocrine problems, arthritis, asthma, chronic pain and neurological disorders. Insomnia is found to be more prevalent in women as compared to men which can be due to stress. Insomnia can be treated by improving sleeping habits, cognitive behavior therapy and medications like sedatives, antihistamine and antidepressant. However, prolonged use of these medications can cause dependency and addiction hence needs to be taken under medical supervision. Insomnia can be diagnosed in sleep laboratories using various diagnostics devices.
The growing incidence of psychiatric conditions like clinical depression and neurological disorders favor the growth of this market. Additionally, work related stress, lifestyle changes, use of sleeping pill and other personal issues causes insomnia which leads to increase growth of this market. Lack of awareness about insomnia in some developing countries and side effects of certain treatment medications are major restraints in growth of insomnia market.
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Major Key Players:
Pfizer Inc. (U.S.), Sanofi (France), GlaxoSmithKline Plc. (UK), Astellas (UK), Biocodex S A (France), Teva (Israel), Neurim (Switzerland) are key players for Insomnia Market in Europe, the Middle East and Africa. Others players are Rythm (France), Flynn Pharma (U.K), Tabuk Pharmaceutical (Jordan), Actelion Pharmaceuticals (Switzerland) and CAD Middle East Pharmaceutical Industries LLC (Saudi Arabia) are some of the player at the forefront of the competition in insomnia market.
Regional Analysis
Europe accounts for largest share in Europe, the Middle East and Africa insomnia market. France dominates the insomnia market in Europe. The Middle East is second growing market for insomnia. Africa is has the least market share in this market. Increasing prevalence of psychiatric and neurological conditions causing insomnia and hence increasing use of sleeping pills drives the insomnia diagnosis and treatment market in Europe, the Middle East and Africa.
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