Return to: Healthcare NewsNarcolepsy Therapeutics Market Size To Reach $3.85 Billion By 2025The global narcolepsy therapeutics market is expected to reach USD 3.85 billion by 2025, according to a new report by Grand View Research, Inc. 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. For PDF sample Copy or More Details please visit link @: http://www.grandviewresearch.com/industry-analysis/narcolepsy-therapeutics-market Further key findings from the report suggest: • The narcolepsy therapeutics market is expected to grow substantially owing to the worldwide increasing incidence of this disorder. • Narcolepsy with cataplexy was identified as the largest type segment in 2016. It is expected to retain its position throughout the forecast period owing to the rising cases of cataplexy in patients suffering from narcolepsy. • Narcolepsy without cataplexy is likely to witness the fastest growth over the forecast period due to increasing awareness about Excessive Daytime Sleepiness (EDS) through various mediums, such as awareness campaigns • Sodium oxybate dominated the product segment in terms of revenue share in the year 2016, and it is also expected to be the fastest growing segment over the forecast period. Drugs belonging to this class have higher costs and favorable coverage policies. • Xyrem is the only FDA-approved drug in this category and is extensively prescribed for the treatment of cataplexy and EDS. American Academy of Sleep Medicine (ASSM) recommends it as a standard treatment of this disorder. • Europe dominated the regional market in terms of revenue share in 2016 because of increase in capital investments and existence of established healthcare infrastructure along with a large target population • The H1N1 influenza postvaccination pandemic of the year 2009 has resulted in growth of number of narcolepsy patients • Asia Pacific is likely to exhibit fastest growth during the forecast period due to the rising healthcare expenditure in this region, rising awareness among people, highest prevalence in Japan, and presence of emerging economies such as China & India • Some of the major market players are Jazz Pharmaceuticals PLC;Teva Pharmaceutical Industries Ltd.;Graymark Healthcare, Inc.;Addrenex Pharmaceuticals, Inc.; and BIOPROJET. • Mergers and acquisitions are strategic initiatives undertaken by these market players in an attempt to remain competitive. In addition, companies are expanding their geographical presence to untapped markets. To request research report sample copy with TOC please visit @: https://www.grandviewresearch.com/industry-analysis/narcolepsy-therapeutics-market/request/rs1 Grand View Research has segmented the global narcolepsy therapeutics market on the basis of type, product, and region: Narcolepsy Therapeutics Type Outlook (Revenue, USD Million, 2014 - 2025) • Narcolepsy with Cataplexy • Narcolepsy Without Cataplexy • Secondary Narcolepsy Narcolepsy Therapeutics Product Outlook (Revenue, USD Million, 2014 - 2025) • Central Nervous System Stimulants • Sodium Oxybate • Selective Serotonin Reuptake Inhibitor • Tricyclic Antidepressants • Others Narcolepsy Therapeutics Regional Outlook (Revenue, USD Million, 2014 - 2025) • North America o U.S. o Canada • Europe o UK o Germany • Asia Pacific o Japan o China • Latin America o Brazil • Middle East & Africa o South Africa For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/2669/ibb About Grand View Research Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunit ... News Release: Narcolepsy Therapeutics Market Size To Reach $3.85 Billion By 2025 Submitted on: September 23, 2020 06:39:30 AM Submitted by: sitakant On behalf of: exactrelease.com |