Anxiety and Related Sleep Disorders - Thailand

Thailand

Revenue in the Anxiety and Related Sleep Disorders market is projected to reach €55.84m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.16%, resulting in a market volume of €55.40m by 2029.
In global comparison, most revenue will be generated in the United States (€2,980.00m in 2024).
In relation to total population figures, per person revenues of €17.79 are generated in 2024.

Key regions: China, United States, Germany, India, Canada

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Analyst Opinion

The Anxiety and Related Sleep Disorders market in Thailand is experiencing steady growth due to increasing customer preferences for natural and holistic remedies, as well as the rising awareness and diagnosis of mental health conditions in the country.

Customer preferences: Thai consumers are increasingly seeking natural and holistic remedies for anxiety and sleep disorders. They are becoming more conscious of the potential side effects of medication and are looking for alternative solutions that have fewer or no adverse effects. This has led to a growing demand for herbal supplements, aromatherapy, and mindfulness practices such as meditation and yoga.

Trends in the market: The market for anxiety and related sleep disorders in Thailand is witnessing a shift towards non-pharmaceutical treatments. Herbal supplements and traditional remedies are gaining popularity as they are perceived to be safer and more sustainable in the long run. Additionally, there is a growing interest in alternative therapies such as acupuncture and traditional Thai massage, which are believed to promote relaxation and alleviate symptoms of anxiety and sleep disorders.

Local special circumstances: Thailand has a rich tradition of herbal medicine and holistic healing practices. Thai consumers have a strong cultural affinity towards natural remedies and traditional therapies. This cultural preference has contributed to the growth of the anxiety and related sleep disorders market, as consumers are more open to trying alternative treatments.

Underlying macroeconomic factors: Thailand's healthcare system is becoming more accessible and comprehensive, leading to increased awareness and diagnosis of mental health conditions. The government has been actively promoting mental health awareness and providing resources for diagnosis and treatment. This has resulted in a higher demand for anxiety and sleep disorder treatments, driving the growth of the market.In conclusion, the Anxiety and Related Sleep Disorders market in Thailand is growing due to customer preferences for natural and holistic remedies, the increasing awareness and diagnosis of mental health conditions, and the cultural affinity towards traditional therapies. With the healthcare system becoming more comprehensive and accessible, the market is expected to continue its upward trajectory in the coming years.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on companies' revenues, international institutes data, and global consumer survey data. Revenues refer to the retail value and include sales taxes.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use financial reports and third-party data. Next, we use relevant key market indicators and data from country-specific associations such as healthcare spending per capita, medical product spending per capita, and gross domestic product per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, S-Curve function, ARIMA time series model and exponential curve function. Data is modeled using current exchange rates.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. GCS data is reweighted for representativeness.