Narcolepsy is a sleep disorder that causes uncontrolled daytime sleeping and long sleepiness. The medication used to treat narcolepsy patients is narcolepsy drugs. People with narcolepsy may unwillingly fall asleep in the middle of an activity like driving, eating, or talking. It is lifelong problem and can't be cured completely but symptoms can partially improve over time with help of proper medications and lifestyle changes.
MARKET SCOPE
The "Global Narcolepsy Drug Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Narcolepsy Drug market with detailed market segmentation by disease type and therapeutic type. The report provides key statistics on the market status of the leading Narcolepsy Drug market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on disease type the market is segmented as, excessive daytime sleepiness, cataplexy, and other disease type.
- Based on therapeutic type the market is segmented as, central nervous system stimulants, tricyclic antidepressants, sodium oxybate, selective serotonin reuptake inhibitor, and other therapeutic type.
MARKET DYNAMICS
Drivers:
- Rising prevalence of narcolepsy in adults.
- Rising geriatric population.
- Increasing stress condition in adults and mid-age peoples.
- Adoption of modern lifestyle.
Restraints:
- Long-term or life long treatment.
- Whereas, high cost of treatment is expected to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Narcolepsy Drug market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the Narcolepsy Drug market in these regions.
IMPACT OF COVID-19 ON NARCOLEPSY DRUG MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Narcolepsy Drug market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Narcolepsy Drug market are anticipated to lucrative growth opportunities in the future with the rising demand for Narcolepsy Drug in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Narcolepsy Drug market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ARENA PHARMACEUTICAL, INC.
- BIOPROJET PHARMA SARL
- JAZZ PHARMACEUTICAL PLC
- LIGAND PHARMACEUTICALS INCORPORATED
- NOVARTIS INTERNATIONAL AG
- SHINOGI INC.
- TAKEDA PHARMACEUTICAL COMPANY
- TEVA PHARMACEUTICAL INDUSTRIES LTD.