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Narcolepsy Therapeutics Market Trends

Report ID: GMI10260 Published Date: July 2024Report Format: PDF
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Narcolepsy Therapeutics Market Trends

Technological advancements in narcolepsy therapeutics are significantly driving market growth, particularly through the development of novel drugs and innovative delivery methods.

  • Recent advancements include the emergence of orexin receptor agonists, targeting disruptions in orexin signaling crucial to narcolepsy. These drugs offer new hope for patients unresponsive to conventional therapies by regulating the sleep-wake cycle.
  • Next-generation pharmacotherapies leverage neuropharmacological progress to target specific neurotransmitters involved in sleep regulation.
  • For example, drugs such as Wakix (pitolisant) from Bioprojet Pharma and Lumryz (sodium oxybate) from Jazz Pharmaceuticals show promise in managing narcolepsy symptoms.
  • Ongoing development, such as AXS-12 from Axsome Therapeutics, Inc., currently in phase-3 clinical trials, underscores continued efforts to enhance therapeutic options for cataplexy and excessive daytime sleepiness in narcolepsy.
  • These advancements ensure more consistent release of active ingredients, enhancing treatment effectiveness and improving convenience for patients managing the condition.

 

Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

Why is the demand for narcolepsy therapeutics rising in retail pharmacies?+

The retail pharmacies segment in the narcolepsy therapeutics market held 48.6% revenue share in 2023 driven by their widespread accessibility and recommended over-the-counter products for narcolepsy management.

How big is the North America narcolepsy therapeutics industry?+

North America market size accounted for USD 1.6 billion in 2023, owing to the increased awareness among the public and healthcare professionals from campaigns and educational initiatives.

What is the size of the narcolepsy therapeutics market?+

Global industry size for narcolepsy therapeutics was valued at USD 3.6 billion in 2023 and is anticipated to register 8.2% CAGR between 2024 and 2032 due to the introduction of novel therapeutic products and advancements in R&D activities

Who are the leading narcolepsy therapeutics industry players?+

Avadel Pharmaceuticals, Axsome Therapeutics Inc., Harmony Biosciences, Jazz Pharmaceuticals PLC, Mylan N.V., Novartis AG, Rhodes Pharmaceuticals L.P., Shionogi Inc., and Takeda Pharmaceutical Company, among others.

Narcolepsy Therapeutics Market Scope

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