The global Narcolepsy Therapeutics market size is expected to be worth around US$ 13.85 billion by 2030, according to a new report by Vision Research Reports.
The global Narcolepsy Therapeutics market size was valued at US$ 2,305.2 million in 2020 and is anticipated to grow at a CAGR of X% during forecast period 2021 to 2030.
Growth Factors
The increasing awareness about this sleep disorder among public and healthcare providers is a key factor contributing to the market growth.
The Narcolepsy Network has estimated that out of every 2,000 people 1 is afflicted by this condition. Moreover, Narcolepsy UK states that around 25% patients are identified and remaining 75% are untreated as they remain undiagnosed or are misdiagnosed, which is alarming. Some organizations and networks are constantly working to spread awareness about this condition among the patients and physicians.
Report Highlights
Narcolepsy with cataplexy segment was identified as the largest segment in terms of revenue in 2020, owing to increasing prevalence of cataplexy as a major symptom in patients. It is expected to retain its position throughout the forecast period. Moreover, cataplexy is the confirming symptom for conclusive diagnosis of narcolepsy, as observed in some cases. Although it is rarely the first symptom of narcolepsy, almost 75% of narcoleptic patients suffer from it.
Narcolepsy without cataplexy is expected to be the fastest growing segment. The major factor responsible for growth of this segment is increase in public awareness via awareness campaigns conducted by various networks, such as U.S. Narcolepsy Network and Europe Narcolepsy Network.
EDS is majorly the first clinically apparent symptom. According to the National Institute of Neurological Disorders and Stroke, sleep deprivation is the most common cause of EDS in the U.S. Apart from EDS, hallucinations, sleep paralysis, disrupted nocturnal sleep, and obesity are other symptoms observed in this condition. Increasing awareness about the disease and the available treatment options leading to early diagnosis as well as increasing healthcare expenditure are the factors anticipated to drive this segment’s growth over the forecast period.
The market comprises various classes of drugs for the disease management and associated symptoms. Sodium oxybate dominated the overall market in the year 2020. In addition, it is expected to be the fastest growing segment during the forecast period owing to the high cost of this drug, the presence of favorable reimbursement policies, and the rising awareness levels pertaining to diagnosis & associated treatments.
Xyrem is an FDA-approved drug in this category and is specially indicated for use in cataplexy and associated EDS, resulting in high prescription rate of this drug. The American Academy of Sleep Medicine (ASSM) has recommended Xyrem as standard treatment option for EDS and cataplexy related to narcolepsy.
Most of the insurance companies, including Medicare and Medicaid, offer reimbursement for Xyrem. Manufacturers also offer assistance program for patients who do not have insurance coverage and are unable to afford the drug. On the other hand, CNS stimulants are estimated to lose revenue share owing to patent expiration of key drugs such as Provigil and Nuvigil.
Europe dominated the overall market in terms of revenue in the year 2020. Large affected population, well-established healthcare infrastructure, and growing R&D initiatives for the development of novel drugs are the factors that can be attributed to its largest share. In Europe, H1N1 influenza pandemic resulted in growth of sleep-related disorders in the year 2009.
Asia Pacific on the other hand is expected to register lucrative growth over the forecast period owing to economic development, rising awareness among people, high disposable income, growing investments in pharmaceutical & biotechnology sectors, and supportive government initiatives.
Japan is identified as one of the regions with high prevalence of narcolepsy amongst Asia Pacific countries. In addition, flourishing generics industry and improving healthcare facilities are anticipated to result in further market growth in the near future. However, high number of undiagnosed cases in this region still remains a major concern for growth of this market.
Key Players
Teva Pharmaceutical Industries Ltd.; Jazz Pharmaceuticals PLC; Addrenex Pharmaceuticals, Inc.; Graymark Healthcare, Inc.; and BIOPROJET.
Market Segmentation
Type Outlook
Narcolepsy with Cataplexy
Narcolepsy without Cataplexy
Secondary Narcolepsy
Product Outlook
Central Nervous System Stimulants
Sodium Oxybate
Selective Serotonin Reuptake Inhibitor
Tricyclic Antidepressants
Others
Regional Outlook
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
The Narcolepsy Therapeutics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Narcolepsy Therapeutics market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Narcolepsy Therapeutics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Narcolepsy Therapeutics market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Narcolepsy Therapeutics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Narcolepsy Therapeutics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Narcolepsy Therapeutics by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Narcolepsy Therapeutics market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Narcolepsy Therapeutics market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Narcolepsy Therapeutics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Narcolepsy Therapeutics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Narcolepsy Therapeutics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Narcolepsy Therapeutics market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Narcolepsy Therapeutics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Narcolepsy Therapeutics market. These factors have benefited the growth of the global market for Narcolepsy Therapeutics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Narcolepsy Therapeutics. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Narcolepsy Therapeutics are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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