Anxiety and Related Sleep Disorders - Portugal

Portugal

Revenue in the Anxiety and Related Sleep Disorders market is projected to reach US$81.12m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.43%, resulting in a market volume of US$82.86m 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$70.12 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 Portugal has been experiencing significant growth in recent years.

Customer preferences: Customers in Portugal are increasingly seeking solutions for anxiety and related sleep disorders. This can be attributed to several factors, including the growing awareness and understanding of mental health issues, as well as the increasing prevalence of these disorders in the population. Additionally, the stressful and fast-paced nature of modern life has contributed to the rising demand for products and services that address anxiety and sleep-related issues.

Trends in the market: One of the key trends in the Anxiety and Related Sleep Disorders market in Portugal is the growing popularity of natural and holistic remedies. Customers are increasingly opting for products and services that are perceived to be more natural and have fewer side effects. This trend is driven by a desire for more sustainable and healthier lifestyle choices. As a result, there has been a surge in the demand for herbal supplements, aromatherapy, and mindfulness-based therapies.Another trend in the market is the increasing use of technology to address anxiety and sleep disorders. With the rise of digital health solutions, customers now have access to a wide range of mobile applications, wearable devices, and online platforms that offer personalized solutions for managing anxiety and improving sleep. These technological advancements have made it easier for individuals to track their symptoms, receive virtual counseling, and access self-help resources.

Local special circumstances: Portugal has a high prevalence of mental health disorders, including anxiety and related sleep disorders. This can be attributed to various factors such as economic instability, high levels of stress, and limited access to mental health services. As a result, there is a strong demand for effective solutions to manage these conditions. The Portuguese government has recognized the importance of mental health and has been taking steps to improve access to mental health services and raise awareness about mental health issues.

Underlying macroeconomic factors: The growth of the Anxiety and Related Sleep Disorders market in Portugal can also be attributed to favorable macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. As a result, individuals are more willing to invest in products and services that improve their overall well-being, including those that address anxiety and sleep disorders.In conclusion, the Anxiety and Related Sleep Disorders market in Portugal is experiencing significant growth due to increasing customer preferences for natural and holistic remedies, the adoption of technology in managing these conditions, the high prevalence of mental health disorders in the country, and favorable macroeconomic factors.

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.