Sleep disorder or insomnia is a medical disorder in which the patient has difficulty with sleep maintenance or sleep initiation. This disorder causes irregular mental, physical, social, and emotional functions.
Factors such as increasing incidences of depression & other medical disorders, late night working schedule, busy lifestyle, lack of quality sleep, and rising geriatric population drive the market growth. However, patent expirations of major sleep disorder treatment drugs and side effects associated with these drugs such as restlessness & nausea restrain the market growth. Moreover, introduction of home sleep test kits and utilization of wearable monitors & continuous positive airway pressure (CPAP) therapy increase opportunities for the market growth.
Pfizer Inc, Sanofi, Merck & Co Inc, GlaxoSmithKline plc, Koninklijke Philips N.V., Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Cardinal Health, Becton Dickson and Company, and Natus Medical Incorporated.
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The major strategies adopted by the established players for a better penetration in the global Sleep Disorder Treatment Drugs market also form a key section of this study. These strategies can be employed by the upcoming vendors for a better penetration in the market. The global market on Incinerator has also been analyzed in terms of revenue. The market dynamics such as market drivers, challenges, opportunities, and trends have been presented coupled with their respective impact analysis. The impact analysis helps in gathering information on the future development of the market.
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