Kenya Sleep Management Market Analysis

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  • Type: Therapeutics Area
  • Published : June 2021
  • Region: Africa
  • Country: Kenya
  • Report ID : 4832

  • Format: PPT, PDF

Kenya Sleep Management Drugs Market: Segmented by Sleep Disorders (Insomnia, Sleep Apnoea, Narcolepsy, Parasomnia, Restless Leg Syndrome, and Other Applications), Drug Class (Sedatives and Hypnotics, Benzodiazepines, Melatonin-Receptor Agonists, Orexin-Receptor Antagonists, Antidepressants and Other Drug Classes), Mode of Prescription (Prescription-Based Drugs and OTC Drugs) and Distribution Channels (Hospital Pharmacies, Retail Pharmacies, Online and Others) – Growth, Trends, and Forecasts (2019 – 2028)

 

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Report Overview

The Kenya Sleep Management Drugs market size stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Kenya is undergoing rapid demographic and epidemiological transition, and incidence of sleep disorders is increasing due to the transition. Sleep disorders are a group of conditions that affect the ability to sleep well on a regular basis. The lack of sleep can have a negative impact on energy, mood, concentration, and overall health. The most common sleep disorder is insomnia.  It can be caused by stress and anxiety, hormones, digestive problems, or underlying chronic diseases. In a study conducted in Kenya, the prevalence of self-reported sleep problems was consistently higher in women than men. There are a number of potential explanations for these sex differences in sleep problems, such as different physiology, greater burden of psychologic comorbidity (anxiety, depression) in women, gender-specific roles such as mothering and related stresses, disparities in socioeconomic status and social role.

Market Drivers

The market is majorly driven by the rise in the incidence of sleep disorders in low- and middle- income countries like Kenya. This can be attributed to lifestyle changes due to rapid urbanization and increase in smoking among young population that disturbs the circadian cycle of the body. Kenya saw Prevalence Rate of Sleep disorders between 8.3 percent and 12.7 percent.

Loss in nocturnal sleep may also be due to the presence of chronic pain conditions like osteoarthritis, rheumatoid arthritis, and cancer pain. Sedatives induce calming effects and are usually prescribed to help patients suffering from chronic illnesses sleep.

Growing interest of industry players for developing superior quality sleep inducing drugs will elevate the sleep management drugs market growth. Key players such as Merck & Co. and others have focused on launching new formulations that will enhance the sleep activity in individuals suffering from chronic sleeping disorders such as insomnia sleep apnoea and narcolepsy. For instance, Merck introduced new drug (Belsomra) for treating insomnia that gained momentum and was highly prescribed by the healthcare professionals for treating insomnia.

The aforementioned factors will escalate growth in the sleep management drugs market in Kenya in the forecast period.

However, Sedatives and Antidepressants tend to develop dependence on the drugs among patients and also have side-effects like stroke and heart attack may hamper growth of the sleep management drugs market.

1. Kenya Sleep Management Drugs Market Overview……………………………….
A. Market Size
2. Market Growth Drivers……………………………………………………………
A. Increase in Incidence of Sleep Disorders due to lifestyle changes
B. Increase in Prevalence of Chronic Diseases that Cause Loss of Nocturnal Sleep
C. Development of New Formulations that Enhance Sleep by Leading Pharmaceutical Companies
3. Major Sleep Disorders……………………………………………………………
A. Insomnia
B. Sleep Apnoea
C. Parasomnia
D. Restless leg Syndrome
E. Narcolepsy
F. Others
4. Sleep Management Drugs Market Segmentation………………………………….
A. Drug Class
I. Sedatives and Hypnotics
II. Benzodiazepines
III. Melatonin Receptor Agonists
IV. Orexin Receptor Antagonists
V. Antidepressants
VI. Others
B. Mode of Prescription
I. Prescription Based Drugs
II. OTC Drugs
C. Distribution Channels
I. Hospital Pharmacies
II. Retail Pharmacies
III. Online
IV. Others
5. Sleep Management Major Products Market Share…………………………
A. Key Findings
B. Market Analysis, Insights and Forecast – By Drug Type
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. Merck & Co. Company overview, Product & Services, Strategies & Financials
B. Sanofi SA Company overview, Product & Services, Strategies & Financials
C. Johnson & Johnson Company, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth……………………………………………………
A. New Trends and Development of Sleep Management drug market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Indication:

On the basis of indication, the sleep management drugs market in Kenya can be segmented into Insomnia, Sleep Apnoea, Parasomnia, Restless Leg Syndrome, Narcolepsy and Others.

By Drug Class:

On the basis of drug class, the Sleep Management Drugs market can be segmented into Sedatives and Hypnotics, Benzodiazepines, Melatonin Receptor Agonists, Orexin Receptor Antagonists, Antidepressants and other drug classes.

Antidepressant segment of the sleep management drugs market held considerable revenue share in 2018 and is projected to foresee exceptional growth during the analysis period.

By Distribution Channels:

On the basis of distribution channels, the market can be segmented into hospital pharmacies, retail pharmacies, online and others.

Retail pharmacies account for the highest market share based on revenues generated.

Some of the Online Pharmacy Platforms in Kenya are MYDAWA, PharmaShop, Goodlife Pharmacy and Portal Pharmacy.

By Mode of Prescription:

On the basis of mode of prescription, the market can be segmented into Prescription-Based drugs and Over the Counter Drugs.

 Major Players

Merck & Co., Sanofi SA, Johnson & Johnson and GlaxoSmithKline (GSK) are some of the major market players involved in the sleep management drugs market in Kenya.

Domestic Pharmaceutical Companies like Dawa Pharmaceutical Limited, Didy Pharmaceuticals, Cosmos Limited and Beta Healthcare are also leading the sleep management market in Kenya.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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