Narcolepsy is a medical condition which is characterized by overwhelming daytime drowsiness and sudden attacks of sleep. Sometimes, this chronic sleep disorder can lead to a sudden loss of muscle tone (cataplexy), leading to weakness and loss of muscle control. Sleep paralysis, hallucinations, daytime sleepiness, fragmented sleep & insomnia, besides others are some of the most common symptoms of the disease. Increasing prevalence of narcolepsy and growing obese population are the major drivers of narcolepsy market growth during the forecast period. According to the Sleep Science journal in 2017, it was estimated that approximately 1 in every 2,000 people across the worldwide lives with narcolepsy. Moreover, from 2014-2015, the Australian Institute of Health and Welfare stated that approximately two-thirds, i.e., 63% of the Australian population which aged 18 years or more was estimated to be overweight or obese. Additionally, increasing demands for effective treatment of the disease followed by increasing research and development boost the narcolepsy market growth. However, lack of awareness and low per capita healthcare expenditure within the regional boundaries of middle and low-income countries is estimated to restrain the global narcolepsy market during the forecast period.
Global Narcolepsy Market is expected to grow at an approximate CAGR of 8.2% during the forecast period.
Segmentation
Global Narcolepsy Market is segmented on the basis of type, diagnosis, treatment, and end user.
On the basis of the type, the narcolepsy market is segmented into type 1 narcolepsy, type 2 narcolepsy, and others.
On the basis of the diagnosis, the narcolepsy market is categorized into polysomnogram, multiple sleep latency test, others. On the basis of the treatment, the market is segmented into stimulants, antidepressants, sodium oxybate, and others. The stimulants segment is sub-segmented into modafinil, armodafinil, and others. The antidepressants segment is sub-segmented into tricyclics, selective serotonin and noradrenergic reuptake inhibitors, and others. The tricyclics segment is further segmented into imipramine, desipramine, clomipramine, and others. The selective serotonin and noradrenergic reuptake inhibitors segment are sub-segmented into venlafaxine, fluoxetine, and others. On the basis of the end users, the market is segmented into hospitals, clinics, retail pharmacies, and others.
Key players in global narcolepsy market
Jazz Pharmaceuticals plc (Republic of Ireland), BIOPROJET (Paris), Arena Pharmaceuticals, Inc. (U.S.), Graymark Healthcare, Inc. (U.S.), Mylan N.V. (U.S., Teva Pharmaceutical Industries Ltd. (Israel), Novartis AG (Switzerland), Shire (Republic of Ireland), Shionogi Inc. (U.S.), Ligand Pharmaceuticals, Inc. (U.S.), and others
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