The Narcolepsy Treatment Market report takes into consideration key developments, company overview, SWOT analysis, investment feasibility analysis, and development trend analysis which may give the effective boost to the business in order to offer new openings and welcomes new players including both start-ups and established firms. This report helps understand the future outlook and prospects for Healthcare industry analysis and forecast 2020-2026. Narcolepsy Treatment Market research report has gone through the proper research methodology and is validated from the professionals and analysts to ensure the eminent quality reports before presenting it to the users.
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Market Analysis: Global Narcolepsy Treatment Market
Global narcolepsy treatment market is expected to grow at a healthy CAGR in the forecast period of 2019-2026. Increase in demand of targeted mode of therapies and high unmet need of treatment are the key factors for growth of this market
Key Market Players:
Few of the major competitors currently working in the global narcolepsy treatment market are Vallon Pharmaceuticals Inc, AVADEL PHARMACEUTICALS, PLC, Jazz Pharmaceuticals plc, BIOPROJET, Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals LLC, Teva Pharmaceutical Industries Ltd, Ligand Pharmaceuticals Incorporated, Novartis AG, Mylan N.V., Jubilant Life Sciences Ltd, Amneal Pharmaceuticals LLC, Alkem Labs, Alembic Pharmaceuticals Limited, Torrent Pharmaceuticals Ltd, Zydus Cadila, F. Hoffmann-La Roche Ltd, Johnson & Johnson Services, Inc and others
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Market Definition: Global Narcolepsy Treatment Market
Narcolepsy is a neurological disorders characterized by excessive daytime sleepiness, and the inability to regulate sleep-wake cycles normally. People with narcolepsy fall into REM sleep immediately after falling asleep and experience extremely sleepy during the day and interference with normal activities, cloudy and lapse in the memory, extreme exhaustion and concentration problem as well as feeling of depression.
According to the statistics published in the National Institute of Neurological Disorders and Stroke, an estimated annual prevalence of narcolepsy is approximately 135,000 to 200,000 people in the United States. Presence of refined healthcare infrastructure and high demand of disease specific novel therapies are the key factors that fueling the market growth
Narcolepsy Treatment Market Drivers :
- Growing prevalence of narcolepsy worldwide is drive the market growth
- The competitive scenario of market and strategic collaborations may boost the market position
- Huge financial support to the researchers for developing novel intervention is boosting the market growth
- High demand of disease specific novel treatment can also act as a market driver
Narcolepsy Treatment Market Restraints :
- The high cost diagnosis and treatment of disease and unfavorable reimbursement scenario are expected to limit market growth
- Limited operating revenue opportunities for research and development of targeted therapies by many pharmaceuticals is acting as a challenging factor for the growth of this market
Segmentation: Global Narcolepsy Treatment Market
Narcolepsy Treatment Market : By Type
- Type 1 Narcolepsy
- Type 2 Narcolepsy
Narcolepsy Treatment Market : By Drugs
- Selective Histamine H3-Receptor Antagonist
- Stimulants
- Serotonin Reuptake Inhibitors
- Tricyclic Antidepressants
- Central Nervous System Depressant
- Others
Narcolepsy Treatment Market : By Route of Administration
- Oral
- Injectable
Narcolepsy Treatment Market : By End Users
- Hospitals
- Homecare
- Specialty Clinics
- Others
Narcolepsy Treatment Market : By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Others
Narcolepsy Treatment Market : By Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
Key Developments in the Market:
- In January 2018, AVADEL PHARMACEUTICALS, PLC received an Orphan Drug Designation from the FDA for FT 218, a once-nightly formulation of Micropump™ controlled-release (CR) sodium oxybate for the treatment of excessive daytime sleepiness and cataplexy in patients suffering from narcolepsy.
- In October 2017, Harmony Biosciences, LLC, has acquired the exclusive US right to develop, register and commercialize pitolisant, a selective histamine H3-receptor antagonist from BIOPROJET for the treatment of narcolepsy in adult patients with and without cataplexy. The acquistion of pitolisant, enables the company to accelerate the ability to address unmet needs for patients suffering from sleep and other central nervous system disorders.
Competitive Analysis:
Global narcolepsy treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global narcolepsy treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Research Methodology: Global Narcolepsy Treatment Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents :
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report :
- Current and future of global narcolepsy treatment market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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