Number of pages: 100 | Report Format: PDF | Published date: 01 March, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 5.46 million |
Revenue forecast in 2030 |
US$ 9.14 million |
Growth Rate |
CAGR of 5.9% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast Period |
2022-2030 |
Historical Year |
2020 |
Segments covered |
Treatment Type, Distribution Channel, and Region |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global excessive daytime sleepiness treatment market was valued at US$ 5.46 million in 2021 and is expected to register a revenue CAGR of 5.9% to reach US$ 9.14 million by 2030.
Market Fundamentals
Excessive daytime sleepiness is characterized by an overwhelming feeling of tiredness and the inability to stay awake during the day, even after sufficient sleep at night. Excessive daytime sleepiness can significantly impact the quality of life, leading to decreased productivity, impaired cognitive function, and increased risk of accidents and injuries. Excessive daytime sleepiness can be caused by various factors, including sleep disorders such as sleep apnea and narcolepsy, as well as lifestyle factors like poor sleep habits and chronic stress.
Diagnosing excessive daytime sleepiness typically involves a thorough evaluation of a person's sleep history and habits and physical and neurological exams. Treatment options for excessive daytime sleepiness vary depending on the underlying cause. However, they may include medications, lifestyle modifications, and behavioral therapies. Some medications used to treat excessive daytime sleepiness include stimulants, such as modafinil and armodafinil, antidepressants and sodium oxybate. Lifestyle modifications that may help reduce symptoms of excessive daytime sleepiness include maintaining a regular sleep schedule, avoiding caffeine and alcohol, and engaging in regular exercise and relaxation techniques like yoga and meditation. Behavioral therapies such as cognitive-behavioral therapy for insomnia (CBT-I) can also effectively manage excessive daytime sleepiness by addressing underlying psychological factors contributing to sleep disturbances.
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Market Dynamics
The increasing prevalence of sleep disorders such as sleep apnea, narcolepsy, restless leg syndrome, and insomnia are the key drivers of the excessive daytime sleepiness treatment market. For instance, according to the American Academy of Sleep Medicine factsheet of July 2022, while insomnia affects one in every 2,000 individuals, it is frequently undetected or misdiagnosed, leading to poor sleep quality and a lower quality of life. The development of new and effective pharmacological treatments, such as wake-promoting agents and stimulants, is also driving the global excessive daytime sleepiness treatment market. These treatments help to alleviate symptoms of excessive daytime sleepiness and improve the quality of life for patients. Moreover, greater awareness and diagnosis of sleep disorders and excessive daytime sleepiness also fuel the global excessive daytime sleepiness treatment market. As more people become aware of the importance of sleep and its impact on overall health, there is a greater demand for treatment options for sleep disorders and excessive daytime sleepiness. However, side effects of sleep disorder drugs and the limited availability of treatments are the major restraints impeding the overall excessive daytime sleepiness treatment market.
Market Ecosystem
The global excessive daytime sleepiness treatment market is analyzed from three perspectives: Treatment Type, Distribution Channel, and Region.
Excessive Daytime Sleepiness Treatment Market by Treatment Type
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Based on the treatment type, the global excessive daytime sleepiness treatment market is segmented into antidepressants, stimulants, sodium oxybate, and others.
The sodium oxybate segment dominated the market with the principal revenue share in 2021, as its an important drug for treating excessive daytime sleepiness. Sodium oxybate is a medication used in the treatment of excessive daytime sleepiness (EDS) associated with narcolepsy. It is a central nervous system depressant that increases slow-wave sleep and improves nighttime sleep quality, thereby reducing daytime sleepiness. Sodium oxybate is usually taken in two doses at night. The second dose is taken 2.5 to 4 hours after the first dose. Ongoing research is also being conducted to evaluate sodium oxybate’s efficacy and safety. These factors are attributed to boosting the overall sodium oxybate segment market.
Excessive Daytime Sleepiness Treatment Market by Distribution Channel
Based on the distribution channels, the global excessive daytime sleepiness treatment type market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies.
The hospital pharmacy segment dominated the market with the largest revenue share in 2021, owing to the large footfall of patients. Hospital pharmacies are often responsible for preparing and dispensing complex medications used to treat excessive daytime sleepiness, such as sodium oxybate. Hospital pharmacies may also play a role in educating patients about using excessive daytime sleepiness medications and monitoring their treatment progress. They may work with other healthcare professionals, such as sleep specialists and neurologists, to develop comprehensive treatment plans for patients with excessive daytime sleepiness. In addition, hospital pharmacies may be involved in managing side effects associated with excessive daytime sleepiness medications. For example, they may provide medications to help manage nausea or other symptoms that can occur as a result of treatment. These factors contribute to the hospital pharmacy segment growth.
Excessive Daytime Sleepiness Treatment Market by Region
Geographically, the global excessive daytime sleepiness treatment market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominated the global excessive daytime sleepiness treatment market with the largest revenue share in 2021, attributed to increasing research & development activities, rising healthcare expenditure, and the presence of major key players. Additionally, companies across the region are involved in partnerships, and mergers & acquisitions activities are also helping the growth of the regional market. For instance, in May 2022, Axsome Therapeutics, Inc., a biopharmaceutical company researching innovative therapeutics for the treatment of central nervous system (CNS) diseases, announced the completion of its purchase of Sunosi (solriamfetol) from Jazz Pharmaceuticals in the United States. Sunosi is a dual-acting dopamine and norepinephrine reuptake inhibitor (DNRI) that has been shown to enhance alertness in adult patients with narcolepsy or obstructive sleep apnea (OSA). Sunosi had shown great effectiveness in both subjective and objective markers of drowsiness in individuals with narcolepsy and obstructive sleep apnea in multiple clinical studies.
Competitive Landscape
The prominent players operating in the global excessive daytime sleepiness treatment market are:
Strategic Developments
The estimated market size of the global excessive daytime sleepiness treatment market in 2030 is US$ 9.14 million.
The revenue CAGR of the excessive daytime sleepiness treatment market during the forecast period will be 5.9% from 2022 to 2030.
The greater awareness and diagnosis of sleep disorders, increasing prevalence of sleep disorders, and development of new and effective pharmacological treatments are driving the growth of the global excessive daytime sleepiness treatment market.
The side effects of sleep disorder drugs and the limited availability of treatment are factors restricting the global market growth to its full potential.
Some prominent players operating in the global excessive daytime sleepiness treatment market areTakeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Fisher & Paykel Healthcare Limited, Drive DeVilbiss Healthcare LLC, and Merck & Co. Inc., among others.
*Insights on financial performance are subject to availability of information in the public domain
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