Circadian Rhythm Sleep Treatment Market

Circadian Rhythm Sleep Treatment Market Outlook (2022 - 2026)

Circadian Rhythm Sleep Treatment Market witnessed a CAGR of 4.6% between 2013 and 2021. The global Circadian Rhythm Sleep Treatment Market is expected to witness a 4.7%CAGR between 2022 and 2026. In 2022, the global Circadian Rhythm Sleep Treatment Market size was US$ 714.7 million, which is projected to reach US$ 857.8 million by the year 2026.

Circadian Rhythm Sleep Treatment Market Demand Analysis (2013-2021) v/s Market Outlook (2022-2026)

Circadian Rhythm Sleep Treatment Market is expected to witness at a CAGR of 4.7% during the forecast period between 2022 and 2026. The rise in sleep disorders and rapidly changing lifestyle are contributing to the increasing demand for Circadian Rhythm Sleep Treatments. Furthermore, product development in therapeutic devices and drug adoption for circadian rhythm sleep treatment is expected to drive the global Circadian Rhythm Sleep Treatment Market.

What is expected to keep the Hopes High for Circadian Rhythm Sleep Treatment Market?

• An increase in the number of sleep disorders

The need for proper sleep treatment has increased due to the growing prevalence of sleep disorders such as Delayed Sleep Phase Syndrome, Advanced Sleep Phase Syndrome, Non–24-h sleep-wake syndrome, and others, is contributing to significant growth in the Circadian Rhythm Sleep Treatment Market growth globally. Furthermore, product development in therapy devices and adoption of drugs for circadian rhythm sleep treatment are the factors expected to boost the circadian rhythm sleep treatment market.

• Increased risk of fatal accidents due to a disrupted sleep pattern

Accidents and human mishaps are commonly related to sleep issues. The number of people killed in car accidents is expected to double to 2.3 million globally, with 230,000–345,000 deaths caused by exhaustion or drowsiness. Similarly, disrupted sleep is projected to increase the chance of a deadly workplace accident. As a result of the increased risk of fatal accidents caused by disrupted sleep, the treatment rate rises, driving the worldwide circadian rhythm sleep treatment market forward.

What restraints is the Circadian Rhythm Sleep Treatment Market subject to?

• “Lack of awareness”

The lack of awareness about the key concerns associated with circadian rhythm sleep disorders among people in underdeveloped nations may stifle the expansion of the circadian rhythm sleep treatment market. Furthermore, carelessness towards drug side effects and sleep problems might impede the growth of the circadian rhythm sleep treatment market.

How has Covid-19 affected the Circadian Rhythm Sleep Treatment Market?

“Decrease in demand due to lockdown”

The COVID-19 pandemic had a negative impact on the global economy, and it had a significant impact on the Circadian Rhythm Sleep Treatment Market. Due to strict lockdown, doctors shifted to tele-medicine as the hospitals were flooded with virus patients. Apart from this due to the stringent lockdown regulations and disruptions in the supply chain activities there was a decrease in the availability and sales of Circadian Rhythm Sleep Treatment devices around the world. However, the global Circadian Rhythm Sleep Treatment industry stabilized after 2021.

Competitive Landscape

The Circadian Rhythm Sleep Treatment industry is very competitive and highly consolidated due to the presence of several large players. Key players in the market are focusing on mergers and acquisitions as the industry is in the growth phase. Companies are making strategic decisions to engage in mergers and acquisitions in order to expand their product portfolios and grow their market share.

• Natus Medical Incorporated, USA has its Embla N7000 system doing the rounds. It is used for performing overnight PSG, i.e. between 10 p.m. and 6 a.m. The supervision happens at the hands of well-experienced sleep physicians as per the AASM manual 2.5.

Along with inorganic modes of expansion, organic modes are also being looked upon as feasible means. Continuous innovation is actually the lifeline of circadian rhythm sleep treatment market and the status quo is expected to remain the same even in the forecast period (2022-2026).

Circadian Rhythm Sleep Treatment Industry Report Scope

Circadian Rhythm Sleep Treatment Market Categorization

Circadian Rhythm Sleep Treatment Market by Disorder

• Delayed Sleep Phase Syndrome
• Advanced Sleep Phase Syndrome
• Non–24-h sleep-wake syndrome
• Irregular Sleep-Wake Disorder
• Shift Work Disorder
• Jet Lag

Circadian Rhythm Sleep Treatment Market by Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)

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