According to FutureWise analysis the market for sedative-hypnotic drugs in 2023 is US$ 3.07 billion, and is expected to reach US$ 4.78 billion by 2031 at a CAGR of 5.7%.
The sedative-hypnotic drugs market is expected to expand due to the rising prevalence of insomnia. Insomnia symptoms include frequent awakenings, difficulties falling asleep, early awakenings, or both. A good hypnotic-sedative will assist the patient in falling asleep fast and sleeping through the night, allowing them to wake up refreshed the following day. Approximately 30% of adults in the United States have insomnia symptoms, and nearly 10% of the adult population is likely to suffer from chronic insomnia. Over 83 percent of people who suffer from depression experience insomnia. The cost of lost productivity due to insomnia is estimated to be around USD 63 billion per year in the United States. Sedative-hypnotics are a type of drug that is used to maintain or induce sleep. The brain is calmed and activity is reduced when you take a sedative medicine. A hypnotic medication, on the other hand, induces drowsiness to aid in the development and maintenance of a sleep state akin to natural sleep. Sedative hypnotics include benzodiazepines, sedating antihistamines, barbiturates, and z-drugs. Prescription hypnotic-sedative drugs include Ambien, Estazolam, Edluar, Silenor, Butisol, Intermezzo, Restoril, Flurazepam, and Zolpimist.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Sedative-Hypnotic Drugs Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Sedative-Hypnotic Drugs Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.