The world class Sedative-Hypnotic Drugs report contains thorough description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and porter's five force analysis. All the statistical and numerical data that has been forecasted in this business report is represented with the help of graphs, charts, or tables which makes this report more user friendly. It also encompasses analysis, estimation, and discussion of important industry trends, market size, and market share. The credible Sedative-Hypnotic Drugs market research report provides a comprehensive study on production capacity, consumption, import and export for all major regions across the world.
Data Bridge Market Research analyses that the sedative-hypnotic drugs market was valued at USD 2.9 billion in 2021 and is expected to reach USD 4.15 billion by 2029, registering a CAGR of 4.59% during the forecast period of 2022 to 2029.
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Some of the major players operating in the sedative-hypnotic drugs market are:
• Hoffmann-La Roche Ltd. (Switzerland)
• Mylan N.V. (US)
• Teva Pharmaceutical Industries Ltd.(Israel)
• Sanofi (France)
• Pfizer Inc. (US)
• GlaxoSmithKline plc (UK)
• Novartis AG (Switzerland)
• AstraZeneca (UK)
• Johnson & Johnson (US)
• Sun Pharmaceutical Industries Ltd. (India)
• Eli Lilly and Company (US)
• Cipla Inc. (US)
• Endo International plc (Ireland)
• Torrent Pharmaceuticals Ltd. (India)
• Reddy’s Laboratories Ltd. (India)
• Aurobindo Pharma (India)
• Lupin (India)
• Fresenius Kabi AG (Germany)
• Abbott (US)
Global Sedative-Hypnotic drugs Market Scope and Market Size
By Disease Type (Sleep Disorders, Anaesthesia, Pain, Others)
By Drug Class (Benzodiazepines, Barbiturates, Antihistamines, Nonbenzodiazepine, Others)
By Route of Administration (Oral, Parenteral, Others)
By End-Users (Hospitals, Specialty Clinics, Homecare, Others)
By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others)
Market Definition
A class of medications known as sedative-hypnotics is used to sustain or induce sleep. A sedative drug calms the brain and reduces activity. In contrast, a hypnotic drug causes drowsiness to aid in developing and maintaining a sleep state similar to natural sleep. Benzodiazepines, sedating antihistamines, barbiturates and z-drugs are common sedative hypnotics. Ambien, Estazolam, Edluar, Silenor, Butisol, Intermezzo, Restoril, Flurazepam and Zolpimist are some of the prescription hypnotic-sedative medications.
Sedative-Hypnotic Drugs Market Dynamics
Drivers
Increasing prevalence of insomnia
The rising prevalence of insomnia is estimated to enhance the market's growth. Frequent awakenings, difficulty going asleep, early awakenings, or both are all insomnia symptoms. A good hypnotic-sedative will help the patient fall asleep quickly and sleep all night, allowing them to wake up refreshed the next day. In America alone, almost 30% of adults suffer with insomnia symptoms, and nearly 10% of the adult population is likely to suffer from chronic insomnia. Insomnia is experienced by over 83 percent of persons who suffer from depression. The cost of missed productivity due to insomnia costs the US economy roughly USD 63 billion each year.
Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of sedative-hypnotic drugs market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
Furthermore, rising initiatives by public and private organizations to spread awareness and surging use of prescribed sleep-inducing drugs will expand the sedative-hypnotic drugs market. Additionally, changing lifestyle of people and rising number of cases of mental illness will result in the expansion of sedative-hypnotic drugs market. The rising population will enhance the growth rate of the sedative-hypnotic drugs market.
Opportunities
Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the sedative-hypnotic drugs market growth. Along with this, rising drug approvals and launches will further propel the market’s growth rate.
Global Sedative-Hypnotic drugs Market Country Level Analysis
Global sedative-hypnotic drugs market is analyzed and market size information is provided by country, disease type, drug class, route of administration, end-users and distribution channel as referenced above.
The countries covered in the sedative-hypnotic drugs market report are U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa.
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