Narcolepsy Drugs Market, Size, Global Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

Narcolepsy Drugs Market, Size, Global Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

Global Narcolepsy Drugs Market will reach US$ 5.63 Billion by 2027. Narcolepsy is primarily a long-term neurological disorder characterized by a classic tetrad of extreme daytime sleepiness with cataplexy (sudden bilateral loss of muscle tone), irresistible sleep attacks, hypnagogic hallucination, and sleep paralysis. According to Narcolepsy Statistics and Facts, in 2021, narcolepsy has affected 1 out of 2,000 Americans and 3 million people worldwide. Thus the demand for narcolepsy drugs will be driven up because of the improving diagnostics around the condition, which renders the excessively sleepy during the day.

Global Narcolepsy Drugs Industry will grow with a CAGR of 10.4% from 2021-2027

An increasing stress level among individuals leads to a stressful lifestyle, and an expansion in consumption of tobacco, alcohol, and other toxic additives raises narcolepsy risk. In current years, drug development for narcolepsy treatment has gained immense momentum. Additionally, governments in the regions such as North America, Europe, and Asia-Pacific boost narcolepsy drug products based on the health benefits, which will compel the narcolepsy drug market growth during the forecast period. An upsurge in disposable income and awareness about the benefits of narcolepsy drugs will propel market growth.

Further, the narcolepsy drug pipeline has been dotted with drugs that can target several symptoms of a neurological sleep disorder. These symptoms are indicated notably under narcolepsy type 1 and narcolepsy type 2. An array of psychostimulants has gained vogue among clinicians as third-line therapy.

Worldwide Narcolepsy Drugs Market Size was US$ 3.11 Billion in 2021

By therapeutic type, the narcolepsy drugs market is segmented into central nervous system stimulants, tricyclic antidepressants, sodium oxybate, selective serotonin reuptake inhibitor, and another therapeutic type. The sodium oxybate segment towered the narcolepsy drugs market, owing to its widespread usage in treating narcolepsy symptoms. Its dual-pronged approach in treating Daytime Extreme Sleepless and cataplexy is driving this drug segment's development.

COVID – 19 Impacts on Narcolepsy Drugs Industry

The COVID-19 pandemic brought a range of sleep disorders, emphasizing the need to treat them to better daytime sleeplessness and productivity. Narcolepsy with type 1 or cataplexy narcolepsy is to maintain a market share in 2021. As the variety of two ensures a conclusive diagnosis, the segment is to lead the global narcolepsy drugs industry. The report indicates that despite receiving medicine for narcolepsy, patients can develop cataplexy at later stages. As per the National Sleep Foundation, more than 60% of narcoleptic patients suffer from type 1 narcolepsy.

North America Represents the Largest Market

Geographically, North America has conquered the narcolepsy drugs market, and it is expected to resume its stronghold in the forecast period. The growing demand for sleep disease medicine in the US and Canada, coupled with the increasing prevalence of narcoleptic diseases, raised awareness, and high healthcare spending, is anticipated to propel the market. Furthermore, favourable refund policies for therapeutic products, a vital clinical pipeline, and increasing stress levels are the other factors that promote revenue growth.

Meanwhile, Asia Pacific will demonstrate lucrative for the narcolepsy drugs market. Increasing stress levels, sleep disorders due to shift-based work timings, and a more heightened reach of medical attention have prompted an interest in Daytime Extreme Sleepless and cataplexy disease. As the younger demographic is battling sleep issues, it is anticipated to emphasize the often missed out narcolepsy in youthful patients. Populous economies such as China, India, and Japan will be prospering markets for narcolepsy.

Competitive Landscape

Key companies operating in the global narcolepsy drugs market are Teva Pharmaceutical Industries, Jazz Pharmaceuticals Plc, Ligand Pharmaceuticals Inc, Hikma Pharmaceuticals PLC, Takeda Pharmaceutical Company Limited, Harmony Biosciences, Johnson & Johnson, Arena Pharmaceuticals Inc.

Renub Research report titled “Narcolepsy Drugs Market & Global Forecast By Therapeutic Analysis (sodium oxybate, tricyclic antidepressants, selective serotonin reuptake inhibitor, central nervous system stimulants,and other therapeutic type), Disease (Daytime Extreme Sleepless, Cataplexia, Other Disease), Region (North America, Europe, Asia-Paacific, Latin America, MEA), Company Analysis (Teva Pharmaceutical Industries, Jazz Pharmaceuticals Plc, Ligand Pharmaceuticals Inc, Hikma Pharmaceuticals PLC, Takeda Pharmaceutical Company Limited, Harmony Biosciences, Johnson & Johnson, Arena Pharmaceuticals Inc.)” provides a complete analysis of Global Narcolepsy Drugs Industry

Therapeutic Analysis – Market has been covered from 4viewpoints

1. Central Nervous System StimulantsTricyclic Antidepressants
2. Sodium Oxybat
3. Selective Serotonin Reuptake Inhibitor
4. Other Therapeutic Type

Disease - Market has been covered from 3 viewpoints

1. Daytime Extreme Sleepless
2. Cataplexia
3. Other Disease

Region – Market has been covered from 5 viewpoints

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa (MEA)

All the major players have been covered 3 Viewpoints

• Initiative / Strategy
• Product Development
• Net Sales

Company Analysis

1. Teva Pharmaceutical Industries
2. Jazz Pharmaceuticals Plc
3. Ligand Pharmaceuticals Inc
4. Hikma Pharmaceuticals PLC
5. Takeda Pharmaceutical Company Limited
6. Harmony Biosciences
7. Johnson & Johnson
8. Arena Pharmaceuticals Inc