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Wednesday, October 27, 2021

Global Narcolepsy Drugs Market to be Driven by the Increasing Prevalence of Narcoleptic Disorders in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled, ‘Global Narcolepsy Drugs Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global narcolepsy drugs market, assessing the market based on its segments like diseases type, therapeutic type, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 2.7 Billion
• Forecast CAGR (2021-2026): 10.4%
• Forecast Market Size (2026): USD 5.9 Billion

The rising prevalence of narcoleptic diseases around the world, rising stress levels, a growing geriatric population, and increased understanding about the many treatment choices for this illness are all likely to drive the market forward. The increased number of persons suffering from a variety of narcoleptic illnesses, such as hallucinations, sleep paralysis, interrupted nocturnal sleep, and obesity, has drew the attention of governments all over the world, prompting them to act. Various networks, including as the National Center for Sleep Disorders Research, organise awareness campaigns to address the needs of people with serious or mild narcoleptic diseases. Market approvals and commercialisation of new pharmaceuticals may also play a key role in driving market expansion in the next years. The growing presence of reimbursement policies is the major factor that is accelerating the growth of the global narcolepsy drugs industry.

Industry Definition and Major Segments

Narcolepsy is a sleep disorder in which the brain's capacity to govern sleep-wake cycles is impaired. It is characterised by extreme tiredness during the day and sleep crises that come on suddenly. Narcolepsy makes it difficult for people to stay awake for lengthy periods of time and makes them sleepy for most of the day.

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By diseases type, the market includes:

• Daytime Extreme Sleepiness
• Cataplexia
• Others

The industry is broadly categorised based on its therapeutic types into:

• Central Nervous System Stimulants
• Tricyclic Antidepressants
• Sodium Oxybate
• Selective Serotonin Reuptake Inhibitor
• Others

On the basis of region, the industry is divided into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The narcolepsy drugs market is projected to be propelled by increased awareness of the number of chronic conditions among the public and the government. The narcolepsy drugs industry is being driven by the rapidly advancing technology, increasing investment in the research and development sector by leading pharmaceutical companies, and the rising awareness regarding narcolepsy and its treatment among people. The rising disposable incomes, growing investments in the pharmaceutical and biotechnology sectors, and increased health care spending by governments, particularly in developing countries, is expected to aid the narcolepsy drugs market over the forecast period. This is attributed to an increase in research and development activities and numerous collaborations between academic and commercial organisations in this region. An increase in the acquisition, product launch, and product approval by key players of this market fuels the growth of the market.

Key Market Players

The major players in the market are Arena Pharmaceutical, Inc., Jazz Pharmaceutical Plc, Bioprojet Pharma Sarl, Ligand Pharmaceuticals Incorporated, Shinogi Inc., Takeda Pharmaceutical Company, and Teva Pharmaceutical Industries Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Key Market Players

The major players in the market areHaworth Inc., Herman Miller Inc., Kinnarps Ab, Knoll Inc., Steelcase Inc., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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