The Excessive Daytime Sleepiness Market drowsiness was projected to be worth US$4.9 billion in 2022. With an expected CAGR of 8.8% from 2023 to 2033, this market is expected to earn US$ 5.33 billion by 2023 and US$ 12.39 billion by 2033. Hypersomnia, often known as excessive daytime sleepiness, is a sleep disorder that involves persistent daytime sleepiness. Obstructive sleep apnea (OSA), Narcolepsy, and other sleep-altering/-depriving habits, medical or mental illnesses are the main causes of excessive daytime sleepiness.
OSA is brought on by airway blockages, whereas narcolepsy is a neurological disorder with long-term decreased regulation of the sleep-wake cycle. The National Sleep Foundation estimates that 40% of people worldwide struggle with excessive daytime sleepiness. Daytime extreme drowsiness, low energy, and frustration are symptoms of this condition. Stimulants, antidepressants, amphetamine salts, and sodium oxybate are examples of therapeutic drugs.
Devices such as continuous positive airway pressure (CPAP) machine are used for Excessive daytime sleepiness therapies and Nocturnal polysomnography, polysomnography and other devices are used for Excessive daytime sleepiness diagnostics. Coronavirus and lockdown has propelled the global excessive daytime sleepiness market by the economic crisis, work-from-home stress and disrupted circadian cycle has surged the excessive daytime sleepiness market.
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The devices for OSA, including CPAP, BiPAP devices and special ventilators were deliberated with massive production to meet the unprecedented demands of increasing Coronavirus patients. The overall global market of Excessive daytime sleepiness market is growing at lucrative rate.
Excessive daytime sleepiness Market: Drivers and Restraints
The drivers of global excessive daytime sleepiness market include increase of population, awareness, healthcare expenditure diverse drug array and Government reimbursement policies. The advancing R&D and technology of manufacturers and academics rocket the excessive daytime sleepiness market by developing novel therapeutics and unraveling the pathogenesis.
Several targeted drugs and devices for Excessive daytime sleepiness diagnosis and therapies are in pipelines and clinical trials to hit the market. However, the global excessive daytime sleepiness market is constrained by stringent drug regulations of the government, lack of acceptance of OSA masks and wearable because of their discomfort and higher cost.
Although the advancing technologies are propelling the global excessive daytime sleepiness market and open the vast horizon of opportunities of future growth, coupled with the emerging telemedicine technology and mobile health with improved convenience of treatment with the facility of video visiting sleep doctors.
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Excessive daytime sleepiness Market: Overview
The global Excessive daytime sleepiness market is expected a growth revamp driven by the increasing Excessive daytime sleepiness disorders, therapy demands and the advancing R&D. By Diseases, OSA dominates the market of excessive daytime sleepiness market with its giant market of devices and drugs.
The segment of Narcolepsy is expanding at a faster pace. By treatment, devices for excessive daytime sleepiness market rules the segment with its diverse and massive market of masks, wearable sleep trackers, cushions, Positive Airway Pressure Devices, CPAPs and others.
The segment of Therapeutic drugs is growing at a faster pace of sodium oxybate market. By Distribution channels, Hospitals and sleep centers occupy the largest segment of excessive daytime sleepiness market, propelled by the advanced diagnostics, precision therapies and government reimbursements. The Home Care Settings segment is growing at a faster rate with affordability and comfort.
Excessive daytime sleepiness Market: Regional Outlook
North America dominates the global excessive daytime sleepiness market with rising patients, key players, advanced healthcare and research. Europe holds the second-largest excessive daytime sleepiness market due to its high prevalence of excessive daytime sleepiness and advanced healthcare.
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The Asia-Pacific excessive daytime sleepiness market is revamping with the highest growth rate, driven by its rising Excessive daytime sleepiness cases, advancing therapies and technology. South Asian regions including India, where Government and healthcare institution provide aid for awareness and therapies for excessive daytime sleepiness.
Latin America excessive daytime sleepiness market is also growing with the surging cases of OSA and improving healthcare. Middle East & Africa excessive daytime sleepiness market is also elevating due to the surging cases of OSA, narcolepsy and increase in awareness.
Excessive daytime sleepiness Market: Key Players
The key players of global excessive daytime sleepiness market include
- Teva Pharmaceutical Industries Ltd.
- GE Healthcare
- Jazz Pharmaceuticals
- Compumedics
- Fisher & Paykel Healthcare
- BIOPROJET
- BMC Medical Co. Ltd.
- Avadel Pharmaceuticals plc
- Cadwell Laboratories Inc. Ltd
- GlaxoSmithKline plc
- Braebon Medical Corporation
- Pfizer
- Becton Dickinson
- Theranexus
- LivaNova PLC and Merck & Co.
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The report also maps the qualitative impact of various market factors on market segments and geographies.
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
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