Narcolepsy Treatment Market Scope
Narcolepsy is a long-term neurological condition that causes fragmented sleep and excessive daytime sleepiness. Narcolepsy can range in severity from mild to severe. In severe cases, it can negatively impact social activities, school, work, and overall health and well-being. A person with narcolepsy may fall asleep at any time, such as while talking or driving. Symptoms tend to appear in a person’s teenage years or early 20s or 30s. In the United States, it is 50% more likely to affect females than males. Experts believe that around 1 in 2,000 people have narcolepsy. Narcolepsy is a sleep disorder that features excessive daytime sleepiness.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Teva Pharmaceutical (Israel), Shire (United States), Jazz Pharmaceuticals (Ireland) and Arena Pharmaceuticals (United States) |
CAGR | 34.8% |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Narcolepsy Treatment market throughout the predicted period.
Teva Pharmaceutical (Israel), Shire (United States), Jazz Pharmaceuticals (Ireland) and Arena Pharmaceuticals (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Graymark Healthcare(United States) and Ligand Pharmaceuticals (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Narcolepsy Treatment market by Type , by Application (Primary Narcolepsy with Cataplexy, Primary Narcolepsy without Cataplexy, Narcolepsy Due to Medical Conditions and Unspecified Narcolepsy) and Region with country level break-up.
On the basis of geography, the market of Narcolepsy Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2023, Teva Pharmaceutical Industries Ltd. announced that it has reached settlements with Sandoz, Actavis, Lupin and Apotex with respect to U.S. Patent 7,132,570 (the “570 patent”) for Teva’s wakefulness product, NUVIGIL® (armodafinil) tablets. These settlements dismiss a pending appeal with the United States Court of Appeals for the Federal Circuit of a trial court decision that found the ‘570 patent to be valid and infringed.
In June 2023, Avadel Pharmaceuticals plc announced that Lumryz—an extended-release formulation of sodium oxybate indicated to be taken once at bedtime for the treatment of cataplexy or excessive daytime sleepiness (EDS) in adults with narcolepsy—is now commercially available.
Influencing Trend:
Increase in the prevalence of narcolepsy
Market Growth Drivers:
Precision Medicine and Personalized Treatment Approaches
Challenges:
Stringent government regulation
Restraints:
lack of awareness
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Narcolepsy Treatment Manufacturer, Government Regulatory and Research Organizations and End-Use Industry