Narcolepsy market Professional Survey Report 2019: Trends, Sales, Share, Growth, Industry Analysis, Forecast Till 2027

The global narcolepsy market accounted to US$ 2,026.8 Mn in 2018 and is expected to grow at a CAGR of 9.5% during the forecast period 2019 – 2027, to account to US$ 4,537.9 Mn by 2027.

The Asia Pacific narcolepsy market is expected to grow at highest rate during the forecast period owing higher number of research & development and increasing investments on sleep related neurological disorders. In addition, emergence of new local players with competitive drug portfolio are expected to fuel the market growth in Asia Pacific region.

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The range of sleep disorders that are treated by neurologists is wide and includes conditions such as insomnia, sleep apnea, restless legs syndrome, and narcolepsy. These disorders cause disruptions in the normal sleep-wake mechanisms causing endogenous abnormalities. Neurological sleep related disorders is an emerging problem as the population is ageing at a rapid rate. According to the National Institute of Health (NIH), approximately 40 million Americans suffer from neurological diseases in the US, whereas additional 20 million people experience occasional sleeping problems. Over the last decades, much has been learnt about the pathophysiology of narcolepsy. According to the National Center for Biotechnology Information, the prevalence of narcolepsy with cataplexy has been examined in many studies and falls between 25 and 50 per 100,000 people. Moreover, according to the Narcolepsy Network 2017, the condition affects 1 in every 2,000 people in the United States. That’s 200,000 Americans and approximately 3 million worldwide. Moreover, the American Sleep Apnea Association reports that sleep-related problems affect 50 to 70 million Americans of all ages and socioeconomic classes. Sleep disorders are common in both men and women; however, important disparities in prevalence and severity of certain sleep disorders have been identified in minorities and underserved populations. More than 50 million Americans already suffer from over 80 different sleep disorders and another 20 to 30 million suffer intermittent sleep problems each year. The increasing prevalence of neurological sleep disorders and narcolepsy is likely to foster the growth of market in the coming years.

Leading Narcolepsy Market Players:

  • Bioprojet
  • Teva Pharmaceutical Industries Ltd.
  • Jazz Pharmaceuticals, Inc.
  • Graymark Healthcare, Inc.
  • Arena Pharmaceuticals, Inc.
  • Shire (Acquired by Takeda)
  • Ligand Pharmaceuticals, Inc.
  • Novartis AG, Mylan N.V.
  • Shionogi Inc.

The narcolepsy market by type is segmented into narcolepsy with cataplexy, narcolepsy without cataplexy, and secondary cataplexy. In 2018, the narcolepsy with cataplexy segment held a largest market share of 65.1% of the narcolepsy market, by type. This segment is also expected to dominate the market in 2027 owing to its significant prevalence among patients suffering with narcolepsy. Episodes of cataplexy are reported to be encountered among 55-60% of patients suffering with narcolepsy. Moreover, the similar segment is anticipated to also witness the fastest growth rate of 9.7% during the forecast period, 2019 to 2027 owing to the increasing demand for drugs to treat the disease.

The target audience for the report on the Narcolepsy market
• Manufactures
• Market analysts
• Senior executives
• Business development managers
• Technologists
• R&D staff
• Distributors
• Investors
• Governments
• Equity research firms
• Consultants

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The global Narcolepsy market is segmented on the basis of service, and end user. Based on service, the market is segmented as bioanalysis & DMPK studies, toxicology testing, and others. On the basis of end user, the global Narcolepsy market is segmented in to biopharmaceutical companies, government & academic institutes, and medical device companies.

 

The report analyzes factors affecting Narcolepsy market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Narcolepsy market in these regions.

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Posted by on Tuesday July 16 2019, 1:46 AM EDT. All trademarks acknowledged. Filed under Biotechnology, Diagnostics, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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