Anxiety and Related Sleep Disorders - Jordan

Jordan

Revenue in the Anxiety and Related Sleep Disorders market is projected to reach US$6.63m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.30%, resulting in a market volume of US$6.53m 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$9.85 are generated in 2024.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Anxiety and Related Sleep Disorders market in Jordan is experiencing significant growth due to increasing customer awareness and preferences for mental health and well-being.

Customer preferences: Customers in Jordan are increasingly prioritizing their mental health and well-being, leading to a growing demand for products and services related to anxiety and sleep disorders. This shift in customer preferences can be attributed to several factors, including the rising awareness of the importance of mental health, increased stress levels, and a desire for a better quality of life. As a result, there is a growing demand for medications, therapy sessions, and alternative treatments that address anxiety and related sleep disorders.

Trends in the market: One of the key trends in the Anxiety and Related Sleep Disorders market in Jordan is the increasing adoption of alternative treatments. Customers are seeking non-pharmaceutical options such as herbal remedies, acupuncture, and meditation to manage their anxiety and sleep disorders. This trend is driven by a desire for natural and holistic approaches to mental health, as well as concerns about the potential side effects of pharmaceutical medications.Another trend in the market is the growing availability of online mental health services. Customers are increasingly turning to online platforms to access therapy sessions, counseling, and self-help resources. This trend is particularly relevant in Jordan, where there may be limited access to mental health professionals in certain areas. Online services provide a convenient and accessible option for individuals seeking support for their anxiety and sleep disorders.

Local special circumstances: Jordan has a relatively young population, with a high proportion of individuals in the working-age group. This demographic factor contributes to the demand for anxiety and sleep disorder treatments, as individuals in this age group may experience higher levels of stress and pressure. Additionally, the cultural and social norms in Jordan place importance on mental well-being, further driving the demand for products and services in this market.

Underlying macroeconomic factors: The growing Anxiety and Related Sleep Disorders market in Jordan can also be attributed to underlying macroeconomic factors. The country has been experiencing steady economic growth, which has led to an increase in disposable income for many individuals. This allows customers to allocate more resources towards their mental health and well-being, including seeking treatment for anxiety and sleep disorders. Furthermore, the government of Jordan has been actively promoting mental health awareness and providing support for mental health services, which has contributed to the growth of the market.In conclusion, the Anxiety and Related Sleep Disorders market in Jordan is witnessing significant growth due to increasing customer preferences for mental health and well-being. Customers are seeking alternative treatments and online mental health services, driven by a desire for natural approaches and accessibility. The young demographic, cultural norms, and favorable macroeconomic factors also contribute to the growth of the market.

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.