Vision Research Report, Recently Announced New Report on “narcolepsy therapeutics market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “narcolepsy therapeutics market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The narcolepsy therapeutics research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The narcolepsy therapeutics market revenue share is set to grow at a yearly rate of X% during 2021-2030, while its valuation is Projected to jump from $ 2,305.2 million in 2020 to $13.85 Bn in 2030.
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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.
Global narcolepsy therapeutics market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The narcolepsy therapeutics trade trends and promoting channels analysed. narcolepsy therapeutics Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
Teva Pharmaceutical Industries Ltd.; Jazz Pharmaceuticals PLC; Addrenex Pharmaceuticals, Inc.; Graymark Healthcare, Inc.; and BIOPROJET.
Market Segmentation
Global Narcolepsy therapeutics Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Narcolepsy therapeutics market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
narcolepsy therapeutics Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world narcolepsy therapeutics Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Narcolepsy therapeutics Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Narcolepsy therapeutics Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Narcolepsy therapeutics Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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