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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Narcolepsy Drugs Market Outlook
The global narcolepsy drugs market reached a value of nearly USD 3.63 billion in 2023 and is further projected to achieve USD 8.85 billion by 2032, recording a CAGR of 10.4% over the forecast period of 2024-2032.
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The industry is being driven by the rapidly advancing technology, increased investment in the R&D sector by leading pharmaceutical companies, and the rising awareness regarding narcolepsy and its treatment among people.
Market Segmentation
Narcolepsy refers to a sleep disorder that causes excessive daytime drowsiness and is characterised by sleep paralysis and hallucinations, among other factors. It is a neurological disorder involving a reduced capacity to control sleep and wake cycles. The global narcolepsy drugs market can be segmented into disease type and therapeutic type.
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The industry can be divided based on its disease types into daytime extreme sleepiness and cataplexia, among others. The industry is broadly categorised based on its therapeutic types into:
- Central Nervous System Stimulants
- Tricyclic Antidepressants
- Sodium Oxybate
- Selective Serotonin Reuptake Inhibitor
- Others
The EMR report looks into the regional narcolepsy drugs markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Market Analysis
The increased prevalence of narcolepsy, awareness regarding sleep disorders due to narcolepsy awareness programmes and camps, and the growing presence of reimbursement policies are the major factors that are accelerating the growth of the global narcolepsy drugs market. Further, the rising disposable incomes and increased expenditure in the health care sector by the governments, particularly in the developing nations, is expected to aid the global narcolepsy drugs market over the forecast period. The adverse effects related to narcolepsy drugs, along with the chances of delayed diagnosis or misdiagnosis, are the major drawbacks, which may affect the industry growth in the forecast period.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global narcolepsy drugs market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Arena Pharmaceutical, Inc.
- Jazz Pharmaceutical Plc
- Bioprojet Pharma Sarl
- Ligand Pharmaceuticals Incorporated
- Shinogi Inc.
- Takeda Pharmaceutical Company
- Teva Pharmaceutical Industries Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Drug Class |
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| Breakup by Disease Type |
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| Breakup by Dosage Form |
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| Breakup by Route of Administration |
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| Breakup by Population Type |
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| Breakup by End User |
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| Breakup by Treatment Channel |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2020, the global narcolepsy drugs market attained a value of about USD 3.63 billion in 2023.
The market is projected to grow at a CAGR of 10.4% between 2024 and 2032.
The market is being driven by the rising awareness regarding narcolepsy and its treatment methods, technological advancements, and the increasing research and development (R&D) activities.
The market growth is anticipated to be defined by the rising disposable incomes, the increasing expenditure in the healthcare sector, and the introduction of favourable governmental initiatives to enhance the accessibility of narcolepsy drugs.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major disease types of narcolepsy drugs include daytime extreme sleepiness and cataplexia, among others.
The significant therapeutic types of narcolepsy drugs are central nervous system stimulants, tricyclic antidepressants, sodium oxybate, and selective serotonin reuptake inhibitor, among others.
The major players in the industry are Arena Pharmaceutical, Inc., Jazz Pharmaceutical Plc, Bioprojet Pharma Sarl, Ligand Pharmaceuticals Incorporated, Shinogi Inc., Takeda Pharmaceutical Company, and Teva Pharmaceutical Industries Ltd., among others.
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