Marketplace Logo Donate

Daily business news and economic stories from Marketplace

Price of sleep

Subscribe to our Newsletters

TEXT OF STORYLISA NAPOLI: We spend a lot of time here on the morning shift at Marketplace talking about what we do to in order to get some sleep. A new report says drug companies sold more than $6 billion worth of sleep aids last year, and that figure is growing. From the Marketplace Innovations Desk at North Carolina Public Radio, Janet Babin reports.

JANET BABIN: The report from Datamonitor studied seven major markets, including the U.S., France, Germany and Japan. It predicts that sleep aids sales will reach nearly $8 billion by 2016.

Dr. Rafael Pelayo says the number could go even higher. He’s with the Stanford Sleep Disorders Clinic and also consults for drug companies.

RAFAEL PELAYO: Insomnia is not gonna go away because the population is aging. As people get older, they have more insomnia and there’s greater demand on our time. There’s more 24/7 society.

Pelayo says a lot of people don’t even see a doctor for insomnia because they don’t want to get addicted to a pill. And he says there are things people can do to enhance sleep without medication.

But a new class of sleep drugs holds great potential because they’re less addictive. Sanofi-Aventis, the current sleep drug leader, has two of these drugs that are close to hitting the market.

I’m Janet Babin for Marketplace.

What's Next

Latest Episodes From Our Shows

4:34 PM PDT
3:39 PM PDT
1:47 PM PDT
7:31 AM PDT
Jun 6, 2023
Jun 1, 2023
May 30, 2023
Exit mobile version