Spain narcolepsy therapeutics market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023-30. The increased prevalence of narcoleptic disorders worldwide, rising stress levels, an ageing population, and growing public awareness of the variety of treatments for this condition are all predicted to have a positive impact on the market. Major global players in Narcolepsy Therapeutics Market are Avadel Pharmaceuticals Inc, Harmony Biosciences (BIOPROJET), Jazz Pharmaceuticals PLC, Ligand Pharmaceuticals Incorporated, Novartis, Shionogi Inc., Takeda Pharmaceutical Company Limited, and Teva Pharmaceuticals USA Inc.
Spain Narcolepsy Therapeutics Market is valued at around $24.78 Mn in 2022 and is projected to reach $41.95 Mn by 2030, exhibiting a CAGR of 6.8% during the forecast period 2023-2030.
An excessive amount of GABA is released as a result of the neurological disorder narcolepsy, which keeps sufferers tired all day and makes it difficult to control one's sleep-wake cycle. People with narcolepsy endure daytime tiredness that makes it difficult for them to carry out everyday tasks as well as fast entry into REM sleep after falling asleep. They are also tremendously fatigued, have trouble focusing, and have vague recollections. The rising prevalence of narcoleptic disorders globally, rising stress levels, an increase in the number of elderly people, and improved awareness of the variety of treatment options available for this illness are a few factors that are projected to propel the market. For instance, a study titled "Prevalence, incidence, and health care use of patients with narcolepsy: a population-representative study" revealed that the early incidence of the illness in Europe ranges from 0.64 to 1.37 per 100,000 persons. The high frequency of the illness and rising use of narcolepsy medicines are expected to drive the market's growth in the next years. Major global players in this market are Avadel Pharmaceuticals Inc, Harmony Biosciences (BIOPROJET), Jazz Pharmaceuticals PLC, Ligand Pharmaceuticals Incorporated, Novartis, Shionogi Inc., Takeda Pharmaceutical Company Limited, and Teva Pharmaceuticals USA Inc.
Market Growth Drivers
The rising prevalence of narcoleptic disorders globally, rising stress levels, an increase in the number of elderly people, and improved awareness of the variety of treatment options available for this illness are a few factors that are projected to propel the market. For instance, a study titled "Prevalence, incidence, and health care use of patients with narcolepsy: a population-representative study" revealed that the early incidence of the illness in Europe ranges from 0.64 to 1.37 per 100,000 persons. The high frequency of the illness and rising use of narcolepsy medicines are expected to drive the market's growth in the next years. ? Additionally, according to the article "Narcolepsy Presentation in Diverse Populations: an Update" published in November 2020, narcolepsy, namely narcolepsy type 1, affects 0.87 to 1.21 percent of the world's population. (NT1). The worldwide prevalence of narcolepsy is increasing the demand for narcolepsy therapies and driving the market's growth. The acceptance and marketing of novel medications by market participants may have a substantial impact on market growth in the following years.
Market Restraints
Market expansion will be hampered by the high cost of diagnosis and treatment as well as the unfavorable reimbursement environment. The market for treating narcolepsy would face difficulties since fewer manufacturers would be able to fund their specialized pharmaceutical research and development.
Key players
Jazz Pharmaceuticals Alnylam Pharmaceuticals Catalyst Pharmaceuticals Ionis Pharmaceuticals UCB Pharma Acorda Therapeutics Mitsubishi Tanabe Pharma uniQure Spark Therapeutics BioMarin Pharmaceutical1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Type
By Product
By End-use
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