Global Narcolepsy Therapeutics Market Size (2024 - 2029)

Narcolepsy Therapeutics Market Analysis

The narcolepsy therapeutics market is anticipated to witness a CAGR of 9.9% during the forecast period (2022-2027).

COVID-19 had a significant impact on the market growth due to decreased adoption of narcolepsy therapeutics during the pandemic. For instance, according to the study titled "The effects of the COVID-19 pandemic on patients with narcolepsy" published in April 2021, during the quarantine, the patients with narcolepsy reported changes in their bedtime and waking-up schedules, suggesting a tendency to circadian misalignment. It also reported that COVID-19 had amplified the symptoms of rare diseases such as narcolepsy in Brazil. Thus, COVID-19 had a pronounced impact on the narcolepsy therapeutics market.

The increasing prevalence of narcoleptic disorders across the world, rising stress levels, a growing geriatric population, and increasing awareness about various treatment options for this condition are some of the factors expected to propel the market. For instance, the study titled "Prevalence, incidence, and health care utilization of patients with narcolepsy: a population-representative study" published in January 2022 reported that the early incidence of narcolepsy in Europe is 0.64-1.37 per 100,000. Such a high incidence of disorder leads to the increased adoption of narcolepsy therapies, which is expected to drive the market's growth over the forecast period.

In addition, according to the study titled "Narcolepsy Presentation in Diverse Populations: an Update" published in November 2020, narcolepsy affects 0.87-1.21% of the world's population, specifically narcolepsy type 1 (NT1). The rising prevalence of narcolepsy globally creates the need for narcolepsy therapeutics for the treatment and thus contributes to the growth of the market.

The approval and commercialization of new drugs by market players may also play a crucial role in driving market growth over the coming years. For instance, in March 2021, the United States Food and Drug Administration (FDA) accepted Avadel's New Drug Application (NDA) for FT218, an investigational, once-nightly formulation of sodium oxybate used in the treatment of excessive daytime sleepiness and cataplexy in adults with narcolepsy.

Thus, owing to the abovementioned factors, the market is expected to project significant growth over the forecast period. However, delayed diagnosis or misdiagnosis may hamper the growth of the narcolepsy therapeutics market.

Narcolepsy Therapeutics Industry Segmentation

As per the scope of the report, narcolepsy is a long-term neurological disorder involving decreased ability to regulate sleep-wake cycles. Symptoms include periods of excessive daytime sleepiness that last from seconds to minutes and can occur at any time. Around 70% of people experience episodes of a sudden loss of muscle strength, known as cataplexy, which can also strongly affect the emotional state of patients. The Narcolepsy Therapeutics Market is segmented by Type (Cataplexy and Without Cataplexy), Product (Central Nervous System Stimulants, Sodium Oxybate, and Tricyclic Antidepressants), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.