A recent
report published by Infinium Global Research on narcolepsy treatment market
provides in-depth analysis of segments and sub-segments in the global as well
as regional narcolepsy treatment market. The study also highlights the impact
of drivers, restraints, and macro indicators on the global and regional
narcolepsy treatment market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global narcolepsy treatment market. According to the report, the global
narcolepsy treatment market is projected to grow at a CAGR of 7.8% over the
forecast period of 2019-2025.
Narcolepsy is a neurological disorder characterized by excessive daytime sleepiness, sleep paralysis, disrupted nighttime sleep, hallucinations, and in some cases episodes of cataplexy. Narcolepsy occurs equally in women and men and is assumed to affect roughly 1 in 2,000 people. Generally, narcolepsy begins between the ages of 15 and 25, but it can become actual at any age. Narcolepsy is identified by taking a medical history, physical exam as well as conducting sleep studies. There are three approaches to the treatment of narcolepsy includes modern medications, lifestyle adjustments, and complementary therapy.
The global
narcolepsy treatment market has driven by increasing prevalence’s of narcolepsy
due to a surge in stress levels and unhealthy lifestyle. As per the narcolepsy
network, it is estimated that only 25% of people who have narcolepsy have been
diagnosed and are receiving treatment. Furthermore, growing research and
development activities to find a cure for narcolepsy is another factor augments
the growth of narcolepsy treatment market. Additionally, increasing demand for
advanced therapies for sleeping disorder coupled with rising health care
expenditure and reimbursement policies is escalating the growth of the
narcolepsy treatment market during the forecast period. However, low awareness
among patients about narcolepsy treatment in developing countries is likely to
hamper the growth of the global narcolepsy treatment market.
Geographically,
the global narcolepsy treatment market is bifurcated into North America,
Europe, Asia Pacific, and RoW. North America held a maximum share in the global
narcolepsy treatment market. This is due to well-developed infrastructures
coupled with rising awareness about the narcolepsy treatment. Moreover, Europe
is also anticipated to contribute a significant share in this market due to a
rise in R&D activities. Furthermore, the Asia Pacific region is projected
to witness the fastest growth rate during the forecast period. The factors such
as growing focus on healthcare expenditures, occurrences of lifestyle-related
diseases increased investment in the pharmaceutical sector coupled with growth
in awareness about health.
The report on
global narcolepsy treatment market covers segments such as drug class,
narcolepsy type, and end-user. On the basis of drug class, the sub-markets
include vasopressors, CNS stimulants, decongestants, and serotonin reuptake
inhibitors. On the basis of narcolepsy type, the sub-markets include narcolepsy
type 1, and narcolepsy type 2. On the basis of end-user, the sub-markets
include retail pharmacies, drug stores, and e-commerce.
The report
provides profiles of the companies in the market such as Ligand
Pharmaceuticals, Shire Plc, Teva Pharmaceutical Industries Ltd., Graymark
Healthcare Inc., Arena Pharmaceuticals, Inc., Jazz Pharmaceuticals plc, and
Other Companies.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of narcolepsy treatment market. Moreover, the
study highlights current market trends and provides forecast from 2019-2025. We
also have highlighted future trends in the market that will affect the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight into the market share of the leading players.
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