Kenneth Research, in its repository of market research reports, has recently added a report on Sleep Disorder Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Sleep Disorder Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Sleep disorder market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Industry Insights
The report covers the forecast and analysis of the Sleep disorder market on a global and regional level. The study provides historical data from 2015 to 2019 along with a forecast from 2019 to 2026 based on revenue (USD Billion). The study includes drivers and restraints of the Sleep disorder market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Sleep disorder market on a global level.
we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Sleep Disorders is a condition that affects the ability to sleep well on a regular basis, which is caused by a health problem by much stress. Similarly, it can be occasionally experience sleeping problems due to hectic schedules, stress, and another outsider influence. Sleep disorder can lead to further lead to further health consequences. This disorder is characterized by difficulty in falling asleep, daytime fatigue, lack of concentration, anxiety, and depression.
This disorder may cause severe health issues such as allergies and respiratory problem, chronic pain, nocturia, and stress & anxiety. The frequency of sleep disorders has been expressively increasing over the years, which is estimated to be the key factor driving the market growth. According to an industry report, approximately 75% population in the United States that are between 20 and 60 years old have frequent sleeping difficulties.
Asia Pacific was observed to be the fastest growing region in the market in terms of revenue. APAC has high number of people suffering from sleeping disorder. Thus, increasing demand for effective treatment is expected to provide lucrative growth opportunity in the region. Additionally, increasing awareness about sleep disorders, developing healthcare infrastructure, and changing lifestyle preferences of the population are some of the other factors anticipated to provide robust growth opportunities for the market during the forecast period.
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Sleep Disorder Market Major Key Players are mentioned in this Report:
GlaxoSmithKline plc
Becton Dickson and Company
Cardinal Health
Natus Medical Incorporated
Takeda Pharmaceutical Company Limited
Koninklijke Philips N.V.
Teva Pharmaceutical Industries Ltd
By Segmentation
By Disorder:
-Insomnia
-Hypersomnia
-Insufficient Sleep Syndrome
-Narcolepsy
-Sleep Apnea
-Sleep Breathing Disorders
-Circadian Rhythm Disorders
-Sleep Movement Disorders
-Restless Leg Syndrome
-Sleep Leg Cramps
By Devices:
-Sleep Apnea Devices
-Sleep Laboratories
-Mattresses & Pillows
By Treatment :
-Psychiatric Treatment
-Behavioral Treatment
-Cognitive Behavioral Therapy
-Medication Therapy
-Prescription Drugs
-OTC Drugs
-Herbal Drugs
By Regional Ananlysis
North America
*U.S.
*Canada
Europe
*Germany
*UK
*France
*Italy
*Spain
*Belgium
*Russia
*Netherlands
*Rest of Europe
Asia-Pacific
*China
*India
*Japan
*Korea
*Singapore
*Malaysia
*Indonesia
*Thailand
*Philippines
*Rest of Asia-Pacific
Latin America
*Brazil
*Mexico
*Argentina
*Rest of LATAM
Middle East & Africa
*UAE
*Saudi Arabia
*South Africa
*Rest of MEA
The report covers the forecast and analysis of the Sleep disorder market on a global and regional level. The study provides historical data from 2015 to 2020 along with a forecast from 2020-2025 based on revenue (USD Million). In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Sleep disorder market over the period 2020-2025.
Competitive Analysis:
The Sleep disorder market report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included in this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Key points covered in this report:
*The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
*The import and export details along with consumption value and production capability of every region is mentioned in the report.
*Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.
*The report provides the clients with the facts and figures about the market on the basis of evaluation of the industry through primary and secondary research methodologies.
The Sleep disorder market report highlight the economy, past and emerging trend of industry, and availability of basic resources. Furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Sleep disorder market before evaluating its possibility.
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