The analysis of the Global Sedative Market by Value Market Research reveals that the sedative industry is growing at a moderate rate and is likely to gain strong growth over the study period from 2017 to 2024. Despite patent expiries and generic substitution, the market for sedatives will continue to grow, as they are used for treating various psychological disorders that are increasing in prevalence. Therefore, rising cases of various psychological disorder among people, sedentary lifestyle along with the growing number of surgeries worldwide are the major reason driving the demand of sedative drugs. The global sedatives market was valued USD 3.20 Billion (by revenue) in 2017 and is anticipated to reach USD 4.14 Billion by 2024 with a CAGR of 3.7%.
Sedatives are among those class of drugs that moderate anxiety and induce sleep in patients suffering from the psychological disorder. They depress the activity of CNS and interact with the brain to decelerate its activity. They are beneficial for the treatment of a variety of disorder related to the central nervous system such as acute and chronic anxiety, anesthesia, seizure control, and insomnia. This medicine act as tranquilizers and helps to relieve insomnia and severe states of emotional distress, and result in drowsiness and impaired coordination by producing feelings of relaxation and sleepiness. Among this class of drugs benzodiazepines and barbiturates are the common type of sedative drugs.
The report "Global Sedatives Market By Type (Barbiturates, Benzodiazepines, Non-Benzodiazepine Sedative-Hypnotics, Anesthetics, Antihistamines, Opioid Narcotics, and Herbal Compounds), Application (Pediatrics and Non-pediatrics) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2017-2024" covers all the latest developments along with the overview of the key products of the market. It’s a complete study which is written with the aim to enrich the reader with complete knowledge about the current market trend and future growth.
The study divides the market based on type, application, and region. The various types of sedative drugs include barbiturates, benzodiazepines, non-benzodiazepine sedative-hypnotics, anesthetics, antihistamines, opioid narcotics, and herbal compounds. Benzodiazepines type are gaining hype in the market owing to rising usage of the drug for the treatment of various mood disorder such as anxiety disorders, stress-related conditions, insomnia and others. Sedatives have found application across pediatrics and non-pediatrics. Out of which, non-pediatrics is dominating the segment owing to rising cases of depression, anxiety, stress, insomnia, and mental disorder among the non-pediatrics population.
The research analyzes top 5 geographies which include, North America, Europe, Asia-Pacific, Latin America, ad Middle East & Africa. From the geographical perspective, North America is ruling the global sedative market owing to changing work environment leading to psychological disorder among the adult population & rising number of surgeries is driving demand of the product in the region.
The Report Segments Global Sedative Market
• Non-Benzodiazepine Sedative-Hypnotics
• Opioid Narcotics
• Herbal Compounds
• North America
• Latin America
• Middle East & Africa
Profile Of Top Players Provided Below:
Advicenne Pharma, AstraZeneca Plc, Concert Pharmaceuticals, Inc., Drawbridge Pharmaceuticals Pty Ltd., NanoMedex Pharmaceuticals, Inc., Paion AG, Takeda Pharmaceutical, and The Medicines Company.
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