Number of pages: 100 | Report Format: PDF | Published date: March 01, 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 |
CAGR |
5.9% |
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, Latin America, and the Middle East & Africa |
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.
Excessive Daytime Sleepiness Treatment Market Fundamentals
Excessive daytime sleepiness (EDS) is characterized by an overwhelming feeling of tiredness and the inability to stay awake during the day, even after sufficient sleep at night. EDS can significantly impact the quality of life, leading to decreased productivity, impaired cognitive function, and increased risk of accidents and injuries. EDS can be caused by various factors, including sleep disorders, such as sleep apnea and narcolepsy, as well as lifestyle factors, such as poor sleep habits and chronic stress.
Diagnosing EDS typically involves a thorough evaluation of a person’s sleep history and habits and physical and neurological exams. Treatment options for EDS vary depending on the underlying cause. However, they may include medications, lifestyle modifications, and behavioral therapies. Some medications used to treat EDS include stimulants, such as modafinil and armodafinil, antidepressants, and sodium oxybate. Lifestyle modifications that may help reduce symptoms of EDS include maintaining a regular sleep schedule, avoiding caffeine and alcohol, and engaging in regular exercise and relaxation techniques, such as yoga and meditation. Behavioral therapies, such as cognitive-behavioral therapy for insomnia (CBT-I), can also effectively manage EDS by addressing underlying psychological factors contributing to sleep disturbances.
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Excessive Daytime Sleepiness Treatment Market Dynamics
The increasing prevalence of sleep disorders, such as sleep apnea, narcolepsy, restless leg syndrome, and insomnia, is the key driver 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 augmenting the global excessive daytime sleepiness treatment market. These treatments help to alleviate symptoms of EDS and improve the quality of life for patients. Moreover, greater awareness and diagnosis of sleep disorders and EDS 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 EDS.
However, the side effects of sleep disorder drugs and the limited availability of treatments are the major restraints impeding the overall EDS treatment market revenue growth.
Excessive Daytime Sleepiness Treatment 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 it is an important drug for treating EDS. Sodium oxybate is a medication used in the treatment of EDS associated with narcolepsy. It is a central nervous system (CNS) 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 contributing to significant revenue growth in the sodium oxybate segment.
Excessive Daytime Sleepiness Treatment Market by Distribution Channel
Based on the distribution channel, the global excessive daytime sleepiness treatment market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies.
The hospital pharmacies segment dominated the market with the highest revenue share in 2021, owing to the large footfall of patients in hospitals. Hospital pharmacies are often responsible for preparing and dispensing complex medications, such as sodium oxybate, used to treat EDS. Hospital pharmacies may also play a role in educating patients about using EDS 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 EDS. In addition, hospital pharmacies may be involved in managing side effects associated with EDS medications. For instance, 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 revenue 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 and development activities, rising healthcare expenditure, and the presence of major key players. Additionally, the rise in the participation of regional companies in partnerships, mergers, and acquisitions activities is also helping the development of the regional market. For instance, in May 2022, Axsome Therapeutics, Inc., a biopharmaceutical company researching innovative therapeutics for the treatment of 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 showed great effectiveness in both subjective and objective markers of drowsiness in individuals with narcolepsy and OSA in multiple clinical studies.
Excessive Daytime Sleepiness Treatment Market Competitive Landscape
The prominent players operating in the global excessive daytime sleepiness treatment market are:
Excessive Daytime Sleepiness Treatment Market Strategic Developments
The global excessive daytime sleepiness treatment market is expected to reach US$ 9.14 million by 2030.
The excessive daytime sleepiness treatment market is expected to register a revenue CAGR of 5.9% during the forecast period from 2022 to 2030.
A rise in awareness and diagnosis rates of sleep disorders, increase in the prevalence of sleep disorders, and the development of new and effective pharmacological treatments are driving the revenue growth of the global excessive daytime sleepiness treatment market.
The side effects of sleep disorder drugs and the limited availability of treatment are restricting the global market revenue growth to its full potential.
Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Fisher & Paykel Healthcare Limited, and Drive DeVilbiss Healthcare LLC are among the top market players.
*Insights on financial performance are subject to availability of information in the public domain