Overview and Scope
A sedative-hypnotic drug refers to a chemical substance utilized to alleviate
tension and anxiety, promote a sense of calm (sedative effect), or facilitate
sleep induction (hypnotic effect). Sedatives or hypnotics act to suppress the
limbic system of the brain, which governs emotional and behavioral reactions,
as well as the reticular formation, responsible for regulating sleep patterns
and overall consciousness.
Sizing and Forecast
The sedative-hypnotic drugs market size has grown strongly in recent years. It
will grow from $3.29 billion in 2023 to $3.57 billion in 2024 at a compound
annual growth rate (CAGR) of 8.6%. The
growth in the historic period can be attributed to the expansion of direct-to-consumer
advertising, increased stress levels, higher prevalence of sleep disorders,
expansion of direct-to-consumer advertising, and aging populations.
The sedative-hypnotic drugs market size is expected to see strong growth in the
next few years. It will grow to $5.00 billion in 2028 at a compound annual
growth rate (CAGR) of 8.8%. The growth
in the forecast period can be attributed to growing healthcare infrastructure,
rising disposable incomes, rising incidence of lifestyle-related disorders,
growing consumer interest in natural and herbal sleep aids, and expansion of
telemedicine services. Major trends in the forecast period include a growing
preference for non-benzodiazepine sedative-hypnotic drugs, innovations in drug
delivery technologies, increasing focus on personalized medicine, incorporation
of digital health tools, and advent of benzodiazepines.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/sedative-hypnotic-drugs-global-market-report
Segmentation & Regional Insights
The sedative-hypnotic drugs market covered in this report is segmented –
1) By Drug Class: Benzodiazepines, Barbiturates, Antihistamines,
Nonbenzodiazepine, Other Drug Classes
2) By Route of Administration: Oral, Parenteral, Other Routes of Administration
3) By Disease Type: Sleep Disorders, Anesthesia, Pain, Other Disease Types
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online
Pharmacy, Other Distribution Channels
5) By End-Users: Hospitals, Specialty Clinics, Homecare, Other End-Users
North America was the largest region in the sedative-hypnotic drugs market in
2023. The regions covered in the sedative-hypnotic drugs market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the
report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15666&type=smp
Major Driver Impacting Market Growth
The increased stress levels are expected to propel the growth of the
sedative-hypnotic drugs market going forward. Stress levels refer to the mental
or emotional exhaustion individuals experience as a result of unavoidable or
challenging circumstances. Several driving factors for stress levels include
struggling to balance work responsibilities with personal life, inadequate
coping mechanisms, and increasing work pressure among employees.
Sedative-hypnotic drugs serve as pharmacological agents primarily intended to
induce a state of calmness, diminish anxiety levels, and alleviate tension
within individuals, often through their tranquilizing effects on the central
nervous system. For instance, in December 2022, according to a survey of 2,212
American adults conducted by the American Psychiatric Association, a US-based
national medical specialty organization, over 26% (more than one in four) of
respondents indicated they expected to encounter increased stress at the beginning
of 2023, marking a rise from the 20% reported in the previous year. Therefore,
the increased stress levels are driving the growth of the sedative-hypnotic
drugs market.
Key Industry Players
Major companies operating in the sedative-hypnotic drugs market are Sun Pharmaceutical Industries Inc., Pfizer
Inc., F. Hoffmann-La Roche Ltd., Merck And Co. Inc., Bayer AG, Novartis AG,
Sanofi-Aventis AG, AstraZeneca Plc, Abbott Laboratories, GlaxoSmithKline plc,
Takeda Pharmaceutical Company Limited, Boehringer Ingelheim International GmbH,
Teva Pharmaceutical Industries Ltd., Mylan N.V., Fresenius Kabi AG, Eli Lilly
and Co., Aurobindo Pharma Limited, Cipla Inc., Dr. Reddy’s Laboratories Ltd.,
Hikma Pharmaceuticals plc, Lupin Pharmaceuticals Inc., Allergan Pharmaceuticals
Inc., Glenmark Pharmaceuticals Inc., Torrent Pharmaceuticals Ltd.
The sedative-hypnotic drugs market report table of contents includes:
1. Executive Summary
2.
Sedative-Hypnotic Drugs Market Characteristics
3.
Sedative-Hypnotic Drugs Market Trends And Strategies
4.
Sedative-Hypnotic Drugs Market - Macro Economic Scenario
5. Global
Sedative-Hypnotic Drugs Market Size and Growth
.
32. Global
Sedative-Hypnotic Drugs Market Competitive Benchmarking
33. Global
Sedative-Hypnotic Drugs Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Sedative-Hypnotic Drugs Market
35.
Sedative-Hypnotic Drugs Market Future Outlook and Potential Analysis
36.
Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model:
https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment