Wilmington, Delaware, United States, Transparency Market Research Inc.: A recent study showed that nearly 20% people across the world are sleep-deprived, and this means that there will be more people in the coming years who could be victims of acute or chronic insomnia.
Wilmington, Delaware, United States, Transparency Market Research Inc.: A recent study showed that nearly 20% people across the world are sleep-deprived, and this means that there will be more people in the coming years who could be victims of acute or chronic insomnia. This trend is sublime for players in the global insomnia market as there will be a larger audience to cater and of course, the need for producing alternative treatment methods to suit the varying needs of the patient population.
A trickle-down effect of this trend is quite evident in the U.S. as one out of four Americans are affected by insomnia. And, another harsh statistic from healthcare point of view is that 25% of these insomnia cases in the U.S. are of acute insomnia, which means a large share of the population is affected by chronic insomnia or other forms of the condition which usually affect the individual for longer time.
Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=20246
As these trends become more evident, the global insomnia market will grow at moderately strong CAGR of 6.6% during the forecast period, finds a recent report by Transparency Market Research. As a result, the global insomnia market is expected to reach US$ 4 bn by the end of 2026, predict TMR analysts.
Economic Disparity and Cumbersome Work Habits Primary Causes
Across the world, there is one trend that has been worrying economists- the rich is becoming richer and the poor only poorer. This forces people below the economic strata to strive harder to fend for themselves. With low-paying jobs and ever-increasing inflation, the poor and the lower middle class struggle to make ends meet.
Request Sample of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=20246
As a result, they take up more than one job and a consequence of it is evident on their health. Most individuals eventually suffer from insomnia when they end up going to bed late and waking up early only to be able to manage the long working hours. This unfortunate trend will steer growth in the global insomnia market in the coming years.
On the other hand, a thriving corporate sector in developed and developing nations is another trend that directly stems growth for the global insomnia market. While most corporates attempt to provide a comfortable and healthy working environment, it is the pressure to meet deadlines and achieve targets that takes a toll on employees. And, eventually people are expected to work long hours stretching to midnight.
Request for Analysis of COVID-19 Impact on Insomnia Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=20246
Another factor is the long-drawn travelling that employees, especially in the business development teams are expected to pursue that kindles insomnia. As the number of people joining the corporate workforce grow, it will have an impact on the growth of global insomnia market.
High Cost of Treatment to Create Opportunities for Research
A well-established concern in the global insomnia market is the cost of treatment that deters a large section of the patient population. It is here that the opportunities for tomorrow lie where companies in the global insomnia market can look at developing new treatment options that are pocket-friendly and effective at the same time.
Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=20246
The top players in the global insomnia market Pfizer Inc., Sanofi, and Merck & Co. are expected to venture into research projects aiming to find new treatment options in the coming years. It will be crucial to witness if these projects are able to yield successful results at the clinical trials, and if that happens, the market might garner more growth opportunities.
More Trending Reports by Transparency Market Research –
Antihypertensive Drugs Market: Antihypertensive Drugs Market (Therapy Type: Diuretics, Angiotensin Converting Enzyme Inhibitor, Angiotensin Receptor Blockers, Beta-blockers, Vasodilators, Calcium Channel Blockers, Renin Inhibitors, Alpha-blockers, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031
U.S. Controlled Substance Market: Controlled Substance Market (Product Type: Opioids, Stimulants, Depressants, and Cannabinoids) - U.S. Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031
Tablet Coatings Market: Tablet Coatings Market (Polymer Type: Cellulosic Polymers, Vinyl Derivatives, Acrylic Polymers, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031
Cannabinoids Market: Cannabinoids Market (Product Type: Cannabinoids, Tetrahydrocannabinol, Cannabinol, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031
India Animal Health Care Market: Animal Healthcare Market (Animal Type: Bovine, Porcine, Ovine, and Poultry; Therapeutic Type: Drugs and Vaccines) - India Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031
Albumin Market: Albumin Market (Product Type: Human Serum Albumin and Recombinant Albumin; Application: Human Serum Albumin Application and Recombinant Albumin Applications; and End-user: Pharmaceutical & Biotechnology Companies, Research Institutes, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031
Saudi Arabia Veterinary Therapeutics Market: Veterinary Therapeutics Market (Product: Drug, Vaccines, and Medicated Feed Additives; Animal Type: Companion Animals and Livestock Animals; Route of Administration: Oral, Parenteral, and Others; and Distribution Channel: Veterinary Hospitals & Clinics, Pharmacies & Drug Stores, and Others) - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031
Geriatric Care Services Market: Geriatric Care Services Market (Type: Home Care, Adult Day Care; and Institutional Care [Nursing Homes, Hospital Based, Assisted Living, and Independent Senior Living) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2028
About Us
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com