North America Narcolepsy Market Trends, Size, Segment and Growth by Forecast to 2030

North America Narcolepsy Market Outlook (2019-2027)

The North America narcolepsy market is projected to grow significantly, reaching US$ 2,024.8 million by 2027, up from US$ 919.6 million in 2018. This represents a compound annual growth rate (CAGR) of 9.3% from 2019 to 2027.

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The rise in sleep disorders is impacting the working efficiency of people, and it is also affecting the performance of children in the studies. Similarly, it is affecting older people. The disorder increases the risk as the age grows, and it may stop breathing activity during sleep time. According to the studies published by Oxford Academics in April 2018, it is stated that the incidences are widely seen among women. The study also stated that the incidences were higher among the people between 21-30 years of age group. It is also expected that narcolepsy is caused by environmental exposures before the age of beginning in genetically inclined individuals.

It is expected that the incidences of sleep disorders are likely to grow in the coming years. Sleep disorders have become a great concern among the people of the North American region. Over 50 million people in the region are suffering from more than 80 different sleep disorders, and nearly 20 to 30 million are living with recurrent sleep disorders every year. Thus, rising sleeping disorders are likely to demand treatment for narcolepsy, which will eventually lead to the growth of the market in the coming future.

Market Growth Drivers & Challenges

The market's expansion is primarily driven by:

• The rising prevalence of sleep disorders

• Growth in the pharmaceutical industry

However, a major challenge remains: the lack of a definitive cure for narcolepsy, which limits treatment options.

Understanding Narcolepsy

Narcolepsy is a chronic neurological disorder that disrupts the brain's ability to regulate the sleep-wake cycle. It can develop at any stage of life but most commonly emerges between the ages of 17 and 25.

Key symptoms include:

• Excessive daytime sleepiness (EDS)

• Cataplexy (sudden muscle weakness)

• Sleep paralysis

• Hallucinations

Narcolepsy is the second-leading cause of excessive daytime sleepiness in North America. According to the National Organization for Rare Disorders (NORD), the condition affects approximately 1 in 2,000 people. Similarly, data from the National Institute of Neurological Disorders and Stroke (NINDS) estimates that 135,000 to 200,000 people in the United States live with narcolepsy.
As awareness and diagnosis improve, the demand for effective treatment options is expected to rise, further propelling market growth.

North America Narcolepsy Strategic Insights

Strategic insights for the North America Narcolepsy provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Market leaders and key company profiles

• Teva Pharmaceutical Industries Ltd.
• Jazz Pharmaceuticals plc
• Arena Pharmaceuticals, Inc.
• Graymark Healthcare, Inc.
• Novartis AG
• Takeda Pharmaceutical Company Limited
• Mylan N.V.
• BIOPROJET
• Shionogi & Co., Ltd.
• Ligand Pharmaceuticals, Inc

North America Narcolepsy Regional Insights

The geographic scope of the North America Narcolepsy refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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