Narcolepsy Market Current And Future Industry Trends by 2027 narcolapsy | Page 3

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Key factors driving the market are rising prevalence of sleep related disorders, emerging local
pharmaceutical & biopharmaceutical companies, and increasing awareness regarding neurological
disorders. However, factors such as side effects and risks associated with narcolepsy medications and
delayed diagnosis or misdiagnosis of narcolepsy are likely to restrain the market growth to a certain extent.
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The narcolepsy market by type is segmented into narcolepsy with cataplexy, narcolepsy without cataplexy, and
secondary cataplexy. In 2018, the narcolepsy with cataplexy segment held a largest market share of 65.1% of the
narcolepsy market, by type. This segment is also expected to dominate the market in 2027 owing to its significant
prevalence among patients suffering with narcolepsy. Episodes of cataplexy are reported to be encountered
among 55-60% of patients suffering with narcolepsy. Moreover, the similar segment is anticipated to also witness
the fastest growth rate of 9.7% during the forecast period, 2019 to 2027 owing to the increasing demand for drugs
to treat the disease.
The range of sleep disorders that are treated by neurologists is wide and includes conditions such as insomnia,
sleep apnea, restless legs syndrome, and narcolepsy. These disorders cause disruptions in the normal sleep-wake
mechanisms causing endogenous abnormalities. Neurological sleep related disorders is an emerging problem as
the population is ageing at a rapid rate.
Sleep disorders are common in both men and women; however, important disparities in prevalence and severity of
certain sleep disorders have been identified in minorities and underserved populations. More than 50 million
Americans already suffer from over 80 different sleep disorders and another 20 to 30 million suffer intermittent sleep
problems each year. The increasing prevalence of neurological sleep disorders and narcolepsy is likely to foster
the growth of market in the coming years.
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