DUBLIN--(BUSINESS WIRE)--Jan 14, 2022--
The "Narcolepsy Drugs Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
This report indicates that the global narcolepsy drugs market will reach a valuation of US$6,588 Mn by 2025 from US$3,875.1 Mn in 2021.
- Jazz Pharmaceuticals, Inc.
- Harmony Biosciences
- Avadel Pharmaceuticals plc
- Axsome Therapeutics, Inc.
- Arena Pharmaceuticals, Inc.
- Graymark Healthcare, Inc.
- Teva Pharmaceutical Industries Ltd.
- Shionogi Inc.
- Ligand Pharmaceuticals, Inc.
The demand for these drugs will be pushed up due to the improving diagnostics around the condition, which renders the excessively sleepy during the daytime. Although a relatively rare disorder, analysts predict that the demand for the same will be driven by higher awareness about the medical condition. Its symptoms such as cataplexy and hallucinations, which can be life-threatening have prompted players to invest in the research and development of drugs. Between the forecast years of 2021 and 2025, the global narcolepsy drugs market is expected to surge at a CAGR of 11.2%, indicating steady growth.
Conclusive Diagnosis of Narcolepsy that Manifests with Cataplexy to Lead Global Narcolepsy Drugs Market
The COVID-19 pandemic brought with it a range of sleep disorders, highlighting the need to treat them to better daytime wakefulness and productivity. Narcolepsy with cataplexy or type 1 narcolepsy is expected to hold a market share of 68.8% in 2021. As the combination of two ensure a conclusive diagnosis, the segment is expected to lead the way in the global narcolepsy drugs market. The report indicates that despite receiving treatment for narcolepsy, patients can develop cataplexy at later stages. According to the National Sleep Foundation, more than 60% of narcoleptic patients suffer from type 1 narcolepsy. Thus, the segment is expected to dominate the global market during the forecast period.
Sodium Oxybate to Dominate as it Remains Critical in Managing EDS and Cataplexy
The demand for stimulants and selective serotonin to manage narcolepsy will dominate the global narcolepsy drugs market. Sodium oxybate, selective serotonin, is expected to lead the way. Its dual-pronged approach in treating EDS and cataplexy are driving the growth of this drug segment. According to Narcolepsy UK, it is only licensed to UCB Pharma Ltd., in Europe. Retailed under the name Xyrem, its demand is expected to hold a market share of 52% in 2021. It remains an FDA-approved treatment for cataplexy and is best known to allow patients to have an improved lifestyle whilst living with the neurological disorder.
Developed Regions Lead While Young Demographics of Asia Pacific Offers Lucrative Opportunities
Presently, the global narcolepsy drugs market is dominated by developed regions such as Europe and North America. Improved awareness, better medical care infrastructure, and higher healthcare infrastructure will allow Europe and North America to stay ahead of other regions. The recent outbreak of the COVID-19 pandemic has highlighted the issues of sleep disorder, which is also seen as an undercurrent to the demand for narcolepsy drugs. The North America narcolepsy drugs market is expected to showcase a CAGR of 11.3% between 2021 and 2026.
Meanwhile, Asia Pacific will prove to be a lucrative ground for narcolepsy drugs over the forecast period. Growing stress levels, sleep disorders due to shift-based work timings, and higher reach of medical awareness have prompted an interest in this disorder. As the younger demographic finds itself battling sleep issues, it is expected to highlight the often missed out narcolepsy in young patients. Populous economies such as India, China, and Japan are expected to be thriving markets for narcolepsy drugs between the forecast years of 2021 and 2025.
Key Topics Covered:
1. Executive Summary
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Market Drivers
2.2.2. Market Restraints
2.2.3. Market Opportunities
2.3. Narcolepsy Drugs Pipeline Analysis
3. Global Narcolepsy Drugs Market Outlook, 2018 - 2026
4. North America Narcolepsy Drugs Market Outlook, 2018 - 2026
5. Europe Narcolepsy Drugs Market Outlook, 2018 - 2026
6. Asia Pacific Narcolepsy Drugs Market Outlook, 2018 - 2026
7. Rest of World Narcolepsy Drugs Market Outlook, 2018 - 2026
8. Competitive Landscape
8.1. Market Share Analysis, 2021
8.2. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/gjkyhs
View source version on businesswire.com:https://www.businesswire.com/news/home/20220114005347/en/
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INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL
SOURCE: Research and Markets
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PUB: 01/14/2022 10:48 AM/DISC: 01/14/2022 10:48 AM