Anxiety and Related Sleep Disorders - Croatia

Croatia

Revenue in the Anxiety and Related Sleep Disorders market is projected to reach US$8.53m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.83%, resulting in a market volume of US$8.89m by 2029.
In global comparison, most revenue will be generated in the United States (US$3,213.00m in 2024).
In relation to total population figures, per person revenues of US$43.07 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 Croatia is experiencing steady growth due to increasing customer preferences for natural remedies and a rising awareness of mental health issues.

Customer preferences: Customers in Croatia are increasingly seeking natural remedies for anxiety and related sleep disorders. They are turning to herbal supplements, such as valerian root and chamomile, as well as alternative therapies like acupuncture and meditation. This shift in preferences can be attributed to a growing concern for the potential side effects of pharmaceutical drugs and a desire for more holistic approaches to healthcare.

Trends in the market: The market for anxiety and related sleep disorder treatments in Croatia is witnessing a surge in demand for over-the-counter products. This can be attributed to the convenience and accessibility of these products, as well as the rising number of individuals seeking self-care solutions for their mental health. Additionally, there is a growing trend of online purchasing, as customers are increasingly turning to e-commerce platforms to purchase anxiety and sleep disorder products.

Local special circumstances: Croatia has a high prevalence of mental health issues, including anxiety and related sleep disorders. This can be attributed to various factors, including a stressful work environment, economic instability, and a lack of awareness and resources for mental health support. The government and healthcare organizations in Croatia are recognizing the importance of addressing these issues and are implementing initiatives to improve mental health services and support.

Underlying macroeconomic factors: The economic stability and growth in Croatia have contributed to the increasing demand for anxiety and related sleep disorder treatments. As the economy improves, individuals have more disposable income to spend on healthcare products and services. Additionally, the aging population in Croatia is also driving the demand for these treatments, as older adults are more prone to anxiety and sleep disorders.In conclusion, the Anxiety and Related Sleep Disorders market in Croatia is growing due to increasing customer preferences for natural remedies, a rise in awareness of mental health issues, and the availability of over-the-counter products. The local special circumstances, such as the high prevalence of mental health issues and the government's focus on improving mental health services, further contribute to the market growth. The underlying macroeconomic factors, including economic stability and an aging population, also play a role in driving the demand for anxiety and related sleep disorder treatments in Croatia.

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.