The forecast for hypnotic and sedative medicine sales in Canada shows a declining trend from 2024 to 2028. In 2023, the market held at a certain value which has become the basis for the forecasted decline.

Year-on-year analysis indicates a consistent reduction in sales percentage: from 0.4% of total sales in 2024 to 0.2% by 2028. This represents a significant decreasing trend over this five-year period, suggesting a Compound Annual Growth Rate (CAGR) that reflects this negative trajectory.

Future trends to watch for:

Regulatory changes that can impact prescription limits or availability of sedatives.
Potential shifts towards alternative therapies and wellness practices.
Evolution in healthcare practices focusing on mental health and sleep disorders.