The narcolepsy treatment market is expected to reach a CAGR of 5.7% by 2028

Revenues generated by the treatment of narcolepsy worldwide are expected to rise to US $ 3,818 million, recording an annual growth rate of 5.7% between 2018 and 2028. The market outlook, published recently, reveals a significant demand for the treatment of narcolepsy in North America. The narcolepsy treatment sector in Europe will experience significant growth in sales given the increasing affinity for prescription treatment and long-term adherence.

The Asia Pacific, among other emerging economies, notably MEAs and Latin America, is expected to show positive trends in favor of adoption of narcolepsy treatment, due to:

• Strong distribution pipeline of narcolepsy drugs.
• Global and local emerging biopharmaceutical companies.
• Increased incidence of obstructive sleep apnea (OSA) in Latin America. Obesity would be the most common risk factor.
• The prevalence of moderately severe sleep apnea is estimated at around 5% in women and 10% in men in South Africa. It is estimated that 90% of patients are undiagnosed.
• The prevalence of sleep apnea is more severe in developing countries due to lack of qualified doctors

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In terms of key strategies for the futures markets, the main goal of manufacturers in the narcolepsy treatment market is to expand their footprint in different regional markets in order to strengthen their position in the market.

Main findings of the regional and competitive badysis of the market for the treatment of narcolepsy

• The leading manufacturers of narcolepsy treatment treatments prioritize the development of region-specific products. The expansion of the product portfolio is mainly focused in Asia-Pacific.
• In addition to new product development – resulting primarily from the availability of low-cost generic versions of patented medicines, strategic partnerships and acquisitions are paving the way for new commercial extensions.
• Manufacturers involved in the global treatment of narcolepsy are also striving to create new research and development units in different geographic areas.
• Industry leaders are focused on maintaining long-term partnerships with pharmacies – in hospitals and retail stores, pharmacies and e-commerce. Sales through the e-commerce distribution channel are expected to account for a significant share of revenues in the global market for narcolepsy treatment.
• IMF also found that North American manufacturers are placing increasing emphasis on reformulating well-known products and combinations to increase sales and achieve broad penetration.

Over-the-counter (OTC) medications are increasingly becoming devices for treating narcolepsy, resulting in significant revenue growth in the device segment over drugs. The increasing incidence of inappropriate drugs and addictions, resulting in serious side effects, including headaches, prolonged sleepiness, memory and daytime performance problems, allergic reactions, and death in some people. case, is the main determining factor. These side effects are badociated with over-the-counter medications and prescription sleeping pills. The growing demand for narcolepsy treatment with BiPAP is expected to push this segment of devices, whose development is expected to reach the highest level of CAGR. In addition, portable format devices available for rental will result in higher adoption rates throughout the forecast period. Portable Continuous Positive Airway (CPP) devices are lighter and smaller and can also be used at home, further reducing reliance on over-the-counter medications and prescription drugs.

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While explaining the growth trajectory of the narcolepsy treatment market, a senior health badyst points out that rising health care costs and the rising incidence of fracture fixation and orthopedic disorders are key factors. contributing to the demand for treatment of narcolepsy until 2028. Authorities, including the FDA and the European Commission, as well as currency fluctuations, regulations and changing tax policies are high impact factors that drive the Global demand for treatment against narcolepsy, "says the badyst.

Critical market restrictors

Although the narcolepsy market is booming, waiting times to get sleep services, lack of awareness and late diagnosis, serious side effects of sleep medication, lack of proper documentation on the use and licensing of sleeping pills, and inappropriate regulations on equipment Some critical factors are expected to slow the growth of the narcolepsy treatment market.