Circadian Rhythm Sleep Disorders Market Size, Share, Growth, and Industry Analysis, By Type (Delayed Sleep Phase Disorder (DSP), Jet Lag Disorder, Irregular Sleep-Wake Rhythm, Free-Running (nonentrained) Type, Shift Work Disorder and Advanced Sleep Phase Disorder (ASP)), By Application (Hospitals, Sleep Centers and Home Care Settings) Regional Forecast to 2028

Updated On: 13 November 2023

REPORT OVERVIEW

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The global circadian rhythm sleep disorders market size was USD 0.844 billion in 2022. As per our research, the market is expected to reach USD 1.1046 billion in 2028, exhibiting a CAGR of 4.2% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre- pandemic levels once the pandemic is over.

Circadian rhythm sleep disorders (CRSD) are a group of conditions that affect the normal sleep-wake cycle or circadian rhythm. The circadian rhythm is the body's internal clock that regulates various physiological processes, including sleep and wakefulness. When the circadian rhythm is disrupted, it can lead to difficulties falling asleep, staying asleep, or waking up at the desired times.

COVID-19 Impact: Delayed Diagnosis and Treatment to Challenge the Market Demands

Due to the focus on COVID-19, many individuals may have experienced delays in the diagnosis and treatment of circadian rhythm sleep disorders. The diversion of healthcare resources and the reluctance of patients to visit healthcare facilities during the pandemic have led to postponed or missed diagnoses, affecting the overall market. The pandemic has caused significant disruptions in daily routines and sleep patterns for many people. Changes in work schedules, increased stress levels, and social isolation have contributed to irregular sleep-wake cycles. While these disruptions may have exacerbated existing sleep disorders, they have also highlighted the importance of addressing circadian rhythm issues.

LATEST TRENDS

Non-Pharmacological Interventions to Augment the Market Growth

While medications are available for some CRSDs, there has been a growing focus on non-pharmacological interventions. Light therapy, for example, is commonly used to regulate circadian rhythms in conditions such as delayed sleep phase disorder. Cognitive-behavioral therapy for insomnia (CBT-I) has also been effective in treating CRSDs by addressing sleep habits and behaviors. As our understanding of circadian rhythms and their impact on health improves, there is an increasing emphasis on personalized medicine for CRSDs. Genetic testing and biomarker analysis are being explored to identify specific genetic variations and abnormalities that may contribute to circadian rhythm disruptions. This information can help tailor treatment plans to the individual needs of patients. Employers are recognizing the importance of circadian rhythms in employee well-being and productivity. As a result, there is a growing trend of workplace interventions aimed at supporting healthy sleep-wake cycles. This includes measures such as flexible work schedules, ergonomic improvements, and lighting adjustments to create an environment that aligns with natural circadian rhythms.

Segmentation

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• By Type Analysis

By type, market is segmented into delayed sleep phase disorder (DSP), jet lag disorder, irregular sleep-wake rhythm, free-running (nonentrained) type, shift work disorder and advanced sleep phase disorder (ASP). The delayed sleep phase disorder (DSP) type segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into hospitals, sleep centers and home care settings. The hospitals segment will lead the global share through 2028.

DRIVING FACTORS

Rising Prevalence of Sleep Disorders to Push the Market

Growing awareness among individuals about the importance of maintaining a healthy sleep-wake cycle and the impact of circadian rhythm disorders on overall health has led to an increased demand for diagnosis and treatment options. This awareness has driven the growth of the market. Advances in medical technology, particularly in the field of sleep medicine, have improved the diagnosis and treatment of circadian rhythm sleep disorders. Innovative tools and devices for sleep monitoring and assessment, such as actigraphy, polysomnography, and wearable devices, have contributed to the market's expansion. The prevalence of circadian rhythm sleep disorders is increasing worldwide, primarily due to modern lifestyle factors such as shift work, jet lag, and excessive exposure to artificial light at night. This rise in the number of individuals affected by sleep disorders has fueled the demand for effective interventions and treatment options.

Increasing Research and Development Activities to Boost the Market Demands

There has been a significant increase in research and development activities focused on circadian rhythm sleep disorders. This has led to the development of new drugs, therapies, and treatment approaches, including light therapy, melatonin supplementation, and chronotherapy. The ongoing research efforts have positively impacted the growth of the market. As the global population continues to age, the prevalence of sleep disorders, including circadian rhythm sleep disorders, tends to increase. Older adults are more susceptible to disruptions in their sleep-wake cycle, which has created a substantial market demand for interventions that address these issues. Governments and healthcare organizations across the world have recognized the significance of sleep disorders and their impact on public health. Consequently, there has been an increase in initiatives to promote awareness, improve diagnosis, and ensure effective management of circadian rhythm sleep disorders. Such support from the government has propelled the growth of the market.

RESTRAINING FACTORS

Lack of Standardized Treatment Guidelines to Slow the Market Growth

Some treatments for circadian rhythm sleep disorders, such as light therapy devices or specialized sleep clinics, can be costly and may not be readily accessible to all individuals. The financial burden and limited availability of these treatments can hinder their adoption and limit market growth. Like any medical intervention, pharmacological treatments for circadian rhythm sleep disorders carry potential risks and side effects. Safety concerns associated with medications, particularly when used long-term, can impact patient acceptance and create a barrier to market expansion. The absence of widely accepted and standardized treatment guidelines for circadian rhythm sleep disorders may lead to variations in clinical practices and treatment approaches. This lack of consensus can create confusion among healthcare professionals and impede the adoption of specific treatments.

REGIONAL INSIGHTS

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North American Market to Grow Exponentially with the Forecasted Period

North America has been a prominent market for circadian rhythm sleep disorders due to the high prevalence of sleep disorders in the region. The presence of key market players, research institutions, and advanced healthcare infrastructure contributes to the growth of the market. The United States, in particular, has a well-established healthcare system and a significant patient population, driving market growth.

KEY INDUSTRY PLAYERS

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Arena Pharmaceuticals (U.S.)
• Boehringer Ingelheim (Germany)
• Fabre-Kramer Pharmaceuticals (U.S.)
• Jazz Pharmaceuticals (Ireland)
• Merck & Co (U.S.)
• Glaxo Smith Kline (UK.)
• Respirerx Pharmaceuticals (U.S.)
• Neurocrine Biosciences (U.S.)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.