Narcolepsy Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report