PUBLISHER: 360iResearch | PRODUCT CODE: 1492429
PUBLISHER: 360iResearch | PRODUCT CODE: 1492429
[183 Pages Report] The Brotizolam Market size was estimated at USD 329.72 million in 2023 and expected to reach USD 350.00 million in 2024, at a CAGR 6.46% to reach USD 511.05 million by 2030.
Brotizolam is a benzodiazepine derivative with potent hypnotic properties, making it primarily used in the short-term management of insomnia. It functions by enhancing the action of neurotransmitters in the brain to produce a calming effect, thereby facilitating the onset and maintenance of sleep. The increasing number of individuals suffering from sleep disorders, particularly insomnia, across the globe has accentuated the need for brotizolam. Older adults are more prone to sleep disturbances. The global increase in the elderly population has led to a higher need for hypnotic medications, including brotizolam, to manage sleep disorders effectively. However, complexities in achieving optimum quality and formulation difficulties can hamper the widespread adoption of the medicine. Potential side effects and difficulties in delivering the right dosage, coupled with other performance issues of brotizolam, hinder patient preference for the drug. Continuous research and development activities focusing on improving the efficacy and safety profile of hypnotic drugs provide a positive outlook for brotizolam, incorporating it into newer, more effective treatment regimens. There's an opportunity to explore and develop combination therapies where brotizolam is used alongside other treatments, both pharmacological and non-pharmacological, to provide a comprehensive approach to managing insomnia with potentially enhanced patient outcomes.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 329.72 million |
Estimated Year [2024] | USD 350.00 million |
Forecast Year [2030] | USD 511.05 million |
CAGR (%) | 6.46% |
Regional Insights
In the Americas region, particularly in the U.S. and Canada, there is considerable opportunity for expanding the brotizolam market, driven by the presence of a robust healthcare infrastructure, expansive insurance policies, and key pharmaceutical companies. APAC's drug development and research landscape is emerging, signifying the potential for progress in the brotizolam market. Research and investment efforts are progressively emphasizing the development of pharmaceuticals, including sleeping aids, that harmonize with local market expectations. APAC's strategic position as a pharmaceutical manufacturing hub has enabled the growth of brotizolam medication. In the EU, the market for brotizolam is characterized by stringent regulatory requirements focusing on consumer safety and product efficacy. The presence of a rapidly aging population accentuates the need for sleeping aids, including brotizolam. In the Middle East and Africa, the market dynamics and consumer behavior vastly depend on the specific country's regulatory environment, economic conditions, and cultural attitudes toward mental health and pharmaceutical interventions. Some regions within these areas are seeing increased investments in healthcare infrastructure and services, potentially opening up new avenues for medications such as brotizolam, subject to regulatory approvals.
Market Insights
The market dynamics represent an ever-changing landscape of the Brotizolam Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Brotizolam Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Brotizolam Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
SUSMED, Inc. Secures Approval for Innovative Insomnia Treatment App
SUSMED, Inc. has received approval from the Ministry of Health, Labour and Welfare (MHLW) for its SUSMED Med CBT-i App, an insomnia treatment application. The smartphone-based app is designed to offer cognitive behavioral therapy for insomnia (CBT-I) over a course of nine weeks, showing significant therapeutic benefits for individuals suffering from insomnia. By adhering to the app's guidance, users can see an improvement in their symptoms, while physicians can track their progress through an integrated management system. This approval marks a pivotal step towards the application's market launch, with SUSMED currently working towards securing insurance coverage for the product. [Published On: 2023-08-25]
Expanding Access to QUVIVIQ(R): Strategic Inclusion in CVS Coverage Enhances Insomnia Therapy Reach
Idorsia Ltd and its U.S. subsidiary have announced a significant development, that CVS would include QUVIVIQ (daridorexant) CIV in its Performance Drug List (PDL), effective immediately. This inclusion marks a pivotal moment, as it significantly broadens access to QUVIVIQ, a modern prescription insomnia treatment, by encompassing an audience of around 20 million people enrolled under CVS's plan. With this move, QUVIVIQ secures coverage by two of the United States' major insurance providers, Express Scripts and CVS, in addition to various regional plans and TRICARE, the dedicated healthcare program for U.S. military members, veterans, and their families. [Published On: 2023-07-10]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Brotizolam Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Brotizolam Market, highlighting leading vendors and their innovative profiles. These include Amneal Pharmaceuticals LLC, Aurobindo Pharma Limited, Boehringer Ingelheim International GmbH., Choseido Pharmaceutical Co., Ltd., Daiko Pharmaceutical Co.,Ltd., Delphis Pharmaceutical, Kyowa Pharmaceutical Industry Co.,Ltd., Medilux Laboratories Pvt. Ltd., Merck KGaA, Mylan N.V., Nichi-Iko Pharmaceutical Co.,Ltd., Nipro Corp., Nissin Pharmaceutical Co.,Ltd., Ohara Pharmaceutical Co.,Ltd., Sannova Analytical LLC, Tatsumi Kagaku Co.,Ltd., Teva Takeda Pharma Ltd., and Yoshindo Inc..
Market Segmentation & Coverage