Insomnia Therapeutics Market Emerging Trends and Growth Drivers Through 2029 | Reach $3.98 Billion
Drawing from trusted sources and expert analysis, this report helps businesses navigate the complex landscape of the insomnia therapeutics industry.
How Large Will The Insomnia Therapeutics Market Be By 2025?
The insomnia therapeutics market size has grown strongly in recent years. It will grow from $3.03 billion in 2024 to $3.2 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to the increasing prevalence of insomnia, growing awareness about sleep disorders, rising adoption of cognitive behavioral therapy for insomnia (CBT-I), expansion of pharmaceutical treatments, and growing use of over-the-counter sleep aids.
The insomnia therapeutics market size is expected to see strong growth in the next few years. It will grow to $3.98 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to advancements in AI-driven sleep monitoring, increasing demand for personalized medicine, a growing geriatric population with sleep disorders, rising mental health awareness, and an expanding pipeline of novel insomnia drugs. Major trends in the forecast period include the integration of digital therapeutics in insomnia treatment, the rising preference for non-pharmacological therapies, the increasing adoption of wearable sleep trackers, the development of next-generation sleep medications, and the growth of telemedicine for sleep disorder management.
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What Are Key Factors Driving The Demand In The Global Insomnia Therapeutics Market?
The increasing stress levels and lifestyle changes are expected to propel the growth of the insomnia therapeutics market going forward. Stress levels and lifestyle changes refer to the psychological and behavioral shifts in daily routines and responsibilities that contribute to emotional strain and disrupted sleep patterns. Rising stress levels and lifestyle changes are driven by constant digital connectivity, which erodes work-life boundaries and limits time for true mental rest. Insomnia therapeutics plays a crucial role by offering effective, science-backed treatment solutions that help restore healthy sleep patterns, reduce sleep-related anxiety, and support mental well-being amidst modern-day stressors. For instance, in May 2024, according to the American Psychiatric Association (APA), a US-based organization of psychiatrists, a share of U.S. adults reported feeling more anxious, rising from 32% in 2022 to 37% in 2023 and reaching 43% in 2024. Therefore, the increasing stress levels and lifestyle changes are contributing to the growth of the insomnia therapeutics market.
Comparative Analysis Of Leading Insomnia Therapeutics Market Segments
The insomnia therapeutics market covered in this report is segmented –
1) By Treatment Type: Drugs, Medical Devices
2) By Formulation: Tablets, Capsules, Liquid Solutions, Patches
3) By Route Of Administration: Oral, Intravenous, Transdermal, Other Routes Of Administration
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Clinics, Wellness Centers
Subsegments:
1) By Drugs: Benzodiazepines, Nonbenzodiazepines, Antidepressants, Orexin Antagonists, Melatonin Antagonists, Other Drugs
2) By Medical Devices: Cognitive Behavioral Therapy Devices (CBT-I Devices), Polysomnography Devices, Sleep Tracking Devices, Neurostimulation Devices, Light Therapy Devices
What Are The Key Trends Shaping The Insomnia Therapeutics Industry?
Major companies in the insomnia therapeutics market are focused on developing advanced therapies such as dual orexin receptor antagonists (DORAs) to provide targeted treatment options with fewer side effects and improved safety profiles. A dual orexin receptor antagonist (DORA) is a class of medication that blocks both orexin-1 and orexin-2 receptors in the brain to promote sleep by inhibiting the wakefulness signaling pathway, commonly used in the treatment of insomnia. For instance, in June 2023, Idorsia Pharmaceuticals Ltd., a Switzerland-based pharmaceutical company, launched QUVIVIQ (daridorexant), a first-in-class dual orexin receptor antagonist (DORA) for the treatment of chronic insomnia disorder. The therapy is designed to reduce nighttime wakefulness without altering natural sleep architecture, offering patients improved sleep onset, maintenance, and daytime functioning. Its approval marks a significant advancement in insomnia treatment, providing a targeted mechanism of action distinct from traditional sedative-hypnotics and addressing the unmet need for long-term, non-habit-forming therapeutic options.
Who Are The Prominent Players In The Insomnia Therapeutics Business?
Major companies operating in the insomnia therapeutics market are Pfizer Inc., Sanofi S.A., Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Merck KGaA, Eisai Co. Ltd., Sumitomo Pharma Co. Ltd., Aurobindo Pharma, Astellas Pharma Inc., Acadia Pharmaceuticals Inc., Vanda Pharmaceuticals Inc., Idorsia Ltd, Minerva Neurosciences, Big Health, Neurovalens, Electromedical Products International Inc., Neurim Pharmaceuticals Ltd., Innovative Neurological Devices (IND), Blake Insomnia Therapeutics Inc., Cerêve Inc.
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Insomnia Therapeutics Report Market 2025, Drivers & Insights 2034
Which Region Is Expected To Lead The Insomnia Therapeutics Market By 2025?
North America was the largest region in the insomnia therapeutics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the insomnia therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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