Narcolepsy Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

  • Single User License $3500

Narcolepsy Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : September, 2021 | Pharmaceutical

Report Digest


Global Narcolepsy Drugs Market: Overview

The narcolepsy drug pipeline has been dotted with medications that can target several symptoms of neurological sleep disorder. These symptoms are characterized notably under narcolepsy type 1 and narcolepsy type 2. An array of psychostimulants have gained favor among clinicians as third-line therapy. The global narcolepsy market has made strides driven by advances adjunctive behavioral techniques.

Moreover, constant development of promising pharmacological treatment options has generated attention in the disease treatment among the research community and care-givers in various parts of the world. Marked prevalence rate of the sleep disorder in numerous countries and growing numbers of patients witnessing comorbid conditions have fueled the expansion of the narcolepsy drugs market. Growing body of clinical trials of narcolepsy drugs in animal models as well as in humans has helped the drug pipeline lucrative in the narcolepsy drugs market. 

Global Narcolepsy Drugs Market: Key Drivers

An array of therapies including drug treatment of narcolepsy have been successful only in symptomatic control of the disorder. The narcolepsy market has seen growing numbers of drugs for relieving daytime sleepiness symptoms and antidepressants for cataplexy. Narcolepsy patients witnessing cataplexia may suffer traumatic events, pressing the need for more efficacious drugs whose focus extend beyond symptom control. 

In recent years, substantial focus has been given on testing the effectiveness of narcolepsy drugs that contain wake-promoting agents. Additionally, anticataplectic agents have gathered traction in the narcolepsy drugs market. In particular, hypocretin-based therapy has shown vast potential in narcolepsy treatment; albeit clinical developments have been very limited. In future, direct intranasal administration of orexin peptides might prove to be potentially effective in treating narcolepsy. This might change the directions of the narcolepsy drugs market in the not-so-distant future. Numerous neurochemical studies in animals have furthered the potential. Hypocretin replacement strategies may also show the way, but are far-fetched. The advent of better-tolerated compounds may open new avenues in the narcolepsy drugs market. 

Global Narcolepsy Drugs Market: Notable Developments

In recent years, growing numbers of drugs approved by U.S. Food and Drug Administration (FDA) which have proved effective in relieving patients of narcolepsy symptoms underscore the aforementioned trend. For instance, in early 2019, the U.S. FDA approved first dual-acting dopamine and norepinephrine reuptake inhibitor (DNRI)—solriamfetol—to treat symptom of excessive daytime sleepiness in adult patients. The novel mechanism of action of solriamfetol was validated in several clinical studies spanning 12-week. Of note, the biopharmaceutical company Jazz Pharmaceuticals expects the narcolepsy drug to be available commercially in the U.S. in the next few years. 

In another promising drug development, Avadel Pharmaceuticals, announced in September 2019 that it has got the nod from the U.S. FDA to its proposed amendments in plan and protocol the company has been employing in developing once-nightly sodium oxybate. The FDA has accepted the company’s recommendation to downsize the sample—it intends to include just 205 patients—for validating significance of its narcolepsy drug for both excessive daytime sleepiness and cataplexy. The enrolment will end tentatively by this year-end. 

Such favorable regulatory impetus will expedite new drug development in the nacrlepsy drugs market. The drug called Once-nightly FT218 has already been approved by the agency to be used as an orphan drug for narcolepsy. The biopharmaceutical company has pinned large hopes on FT218, which if approved, will help it strengthen its hold in the narcolepsy drugs market. 

Global Narcolepsy Drugs Market: Regional Assessment

Among the various regions, Asia Pacific has shown large potential and is anticipated to rise at rapid growth rate from 2019 to 2028. The large unmet need in the regional population will help in its evolution. Large prevalence of sleeping disorders has fueled the demand for narcolepsy drugs in the region. On the other side, extensive research on developing new therapies in the U.S. has kept the North America narcolepsy drugs market increasingly lucrative.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?