Restless Legs Syndrome Market Is Likely to Experience a Tremendous Growth by 2029

Restless legs syndrome market is projected to grow at a CAGR of 6.2% during the forecast period. The increase in the prevalence of restless legs syndrome (RLS) is a key factor responsible for the growth of the market. RLS is a disorder that is associated with the part of the nervous system that causes patients an urge to move the legs restlessly. According to the estimation of the National Institute of Neurological Disorders and Stroke (NIH), around 7-10 % of the US population has RLS. Moreover, the rising geriatric population further boosts the growth of the global market. As per the UN (United Nations), by 2050 around 1 in 6 (16%) citizens will be over the age of 65 years, globally, which was 1 in 11 (9%) in 2019. Old age, obesity, and snoring conditions lead to an increase in the rate of various types of sleep disorders which will create significant demand for diagnosis and treatment for obstructive sleep-wake disorders shortly.

However, the high cost of drugs and therapy used for the treatment of restless leg syndrome coupled with low healthcare budget in some developing countries may hinder the growth of the market. For instance, the annual cost of Rotigotine (Neupro), a drug to treat used to treat restless legs syndrome and periodic limb movement disorder can cost up to $5,300 per year in the US. Huge R&D expenditure by market players for the development of the novel intervention is anticipated to create a considerable opportunity for market growth.

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Restless Leg Syndrome Market Segmentation

By Treatment

· Medication

· Therapy

· Devices

By End-User

· Hospitals

· Homecare

· Others

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Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

· Akorn, Inc.

· Arbor Pharmaceuticals, LLC

· Boehringer Ingelheim GmbH

· GlaxoSmithKline plc

· Glenmark Pharmaceuticals Ltd.

· Jazz Pharmaceuticals plc

· Kyowa Hakko Kirin Co. Ltd.

· LGM Pharma

· Mallinckrodt Pharmaceuticals

· Merck Co, Inc.

· Mylan N.V.

· Pfizer, Inc.

· Serina Therapeutics, Inc.

· Teva Pharmaceutical Industries, Ltd.

· UCB S.A.

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