Report ID: SQMIG35I2087
Report ID:
SQMIG35I2087 |
Region:
Global |
Published Date: October, 2024
Pages:
219
|
Tables:
90 |
Figures:
75
Narcolepsy Drugs Market size was valued at USD 3.7 Billion in 2023 and is poised to grow from USD 4.05 Billion in 2024 to USD 7.67 Billion by 2032, growing at a CAGR of 9.5% during the forecast period (2025-2032).
Increasing awareness regarding mental health and rising prevalence of multiple sleep disorders are projected to alter the global narcolepsy drugs market growth in the future. Rising number of people being diagnosed with narcolepsy, high investments in the development of novel narcolepsy drugs, and increasing demand for lifestyle improvement are key factors promoting the sales of narcolepsy drugs going forward. Expedition of the approval process for narcolepsy drugs by regulatory bodies and governments to satisfy the unmet medical needs of patients are also estimated to create new opportunities for narcolepsy drug companies in the long run. Moreover, advancements in drug discovery and development technologies are also expected to benefit the adoption of narcolepsy drugs on a global level. On the contrary, lack of awareness, side effects associated with the use of narcolepsy drugs, and competition from non-pharmacological therapies and treatments are slated to slow down narcolepsy drug demand across the study period and beyond.
US Narcolepsy Drugs Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35I2087