The global Excessive Daytime Sleepiness Market is expected to be valued US$ 4.9 billion in 2022. This market is expected to produce US$ 5.33 billion in 2023 and US$ 12.39 billion in 2033, with a CAGR of 8.8% from 2023 to 2033.
Following the COVID-19 epidemic, the percentage of complaints about sleeping disorders has significantly increased. Sleep disorders were classified as intrinsic (originating inside the body), extrinsic (induced by external stimuli), or circadian rhythm abnormalities. People’s psychological stress levels have increased as a result of the COVID-19 lockdown’s social isolation and disruption of daily routines, which has resulted in an increase in global sleep issues.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Excessive Daytime Sleepiness Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Excessive Daytime Sleepiness market.
Key Excessive Daytime Sleepiness Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2033.
- Germany Excessive Daytime Sleepiness market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2023 to 2033.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Excessive Daytime Sleepiness Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Excessive Daytime Sleepiness market. It also studies the impact of these dynamics on the market for the previous assessment period 2018 to 2022 to forecast the scope of market growth over the coming forecast period 2023 to 2033.
- Excessive Daytime Sleepiness Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Excessive Daytime Sleepiness market. As per the survey, Excessive Daytime Sleepiness sales will project steady growth over the forecast period.
- Excessive Daytime Sleepiness Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Excessive Daytime Sleepiness market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Excessive Daytime Sleepiness Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Excessive Daytime Sleepiness market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Excessive Daytime Sleepiness market.
Some of the prominent market players are profiled by FMI are:
- Teva Pharmaceutical Industries Ltd.
- GE Healthcare
- Jazz Pharmaceuticals
- Compumedics
- Fisher & Paykel Healthcare
- BIOPROJET
- BMC Medical Co. Ltd.
- Others
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Excessive Daytime Sleepiness Market: Segmentation
The global Excessive Daytime Sleepiness market is segmented into diseases, treatment, distribution channels, and regions.
Diseases:
- Obstructive Sleep Apnea (OSA)
- Narcolepsy
Treatment:
- Devices (Diagnostics, Therapy)
- Therapeutic Drugs (Stimulants, Anti-Depressants, Amphetamine salts, Sodium oxybate)
Distribution channels:
- Hospitals & Sleep Laboratories
- Home Care Settings
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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