Sleep disorder, also known as somnipathy, is a medical condition wherein a disorder is generated in the sleep pattern. It can also be defined as a group of disorders that impact the sleep pattern on a regular basis. Presence of sleep disorders can be attributed to various factors including health issues and high stress. Lack of sleep has a negative impact on the overall health of a person and his/her level of concentration. It leads to tiredness throughout the day. Common types of sleep disorder prevalent include sleep apnea, insomnia, narcolepsy, sleep walking, and restless leg syndrome. The prevalence of sleep disorders has been significantly growing over the years, which is a primary factor driving the market. For instance, in the U.S., over 75% of people aged between 20 and 59 years have sleeping difficulties frequently.

The sleep disorders market is anticipated to expand at a robust pace during the forecast period, owing to significant rise in the prevalence of sleep disorders. According to the American Sleep Association, in 2015, over 21% of women in the U.S. were suffering from obstructive sleep apnea and over 34% of men were suffering from sleep apnea. The increasing usage of social media and growing addiction of gadgets such as smartphones and laptops augment the market. In addition, the rise in public and private health coverage, covering the sleep clinics are fueling the market. Furthermore, ongoing research on ill-effects of sleep deprivation and the growing adoption of sleep clinics are boosting the market. However, increase in patent expirations, emergence of generics, and side-effects associated with sleep disorder drugs may hamper the market in the near future. 

The global sleep disorders market can be segmented based on category, treatment, and region. Based on category, the market can be segmented into insomnia, hypersomnia, sleep apnea, sleep breathing disorders, circadian rhythm disorders, parasomnia, and sleep movement disorders. The hypersomnia segment includes insufficient sleep syndrome and narcolepsy.  The circadian rhythm disorders segment can be sub-divided into delayed sleep–wake phase, shift work, non-24 hour sleep–wake rhythm, irregular sleep-wake rhythm, and others. The parasomnia segment can be sub-segmented into sleep eating disorder, sleep terror, REM sleep behavior disorder, and others. The sleep movement disorders segment can be further divided into restless leg syndrome, sleep leg cramps, and others. Based on treatment, the market can be segregated into psychiatric treatment, behavioral treatment, cognitive behavioral therapy, medication therapy, and others. Medications include prescription drugs, OTC drugs, and herbal drugs. Along with therapies, certain devices such as sleep apnea devices, sleep laboratories and mattresses, and pillows are employed in the treatment of sleep disorders.

Geographically, the global sleep disorders market can be segmented into five regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America accounted for the maximum share of the global market in terms of revenue in 2016 and the trend is anticipated to continue during the forecast period. Strong growth of the market in the region can be attributed to well-established health care infrastructure, rise in awareness among people, and increase in the prevalence of sleep disorders. Europe is expected to be the second leading market for sleep disorders. However, sluggish growth of the economy in the region is likely to negatively impact the market in Europe during the forecast period. The market in Asia Pacific is anticipated to register a significantly high CAGR during the forecast period, owing to factors such as increasing patient population and growing government focus on enhancing health care facilities in the region.

Leading players operating in the global sleep disorders market are GlaxoSmithKline plc, Becton Dickson and Company, Natus Medical Incorporated, Cardinal Health, Koninklijke Philips N.V., Teva Pharmaceutical Industries Ltd., and Takeda Pharmaceutical Company Limited.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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