The Worldwide Insomnia Drugs Industry is Expected to Reach $3.7 Billion by 2027

DUBLIN, April 6, 2021 /PRNewswire/ -- The "Insomnia Drugs - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Insomnia Drugs estimated at US $2.8 Billion in the year 2020, is projected to reach a revised size of US $3.7 Billion by 2027, growing at a CAGR of 3.9% over the period 2020-2027.

Prescription Sleep Aids, one of the segments analyzed in the report, is projected to record 3.5% CAGR and reach US $2.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Over the Counter (OTC) Sleep Aids segment is readjusted to a revised 5.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $765.1 Million, While China is Forecast to Grow at 6.9% CAGR

The Insomnia Drugs market in the U.S. is estimated at US $765.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US $785.2 Million by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.

Select Competitors (Total 31 Featured):

• Astellas Pharma, Inc.
• Eisai Co., Ltd.
• Flynn Pharma Limited
• Johnson & Johnson
• Meda AB
• Merck & Co., Inc.
• Pfizer, Inc.
• Sanofi
• Takeda Pharmaceutical Co., Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 31

For more information about this report visit https://www.researchandmarkets.com/r/so5527

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SOURCE Research and Markets