Idiopathic Hypersomnia Treatment Market Estimated to Witness High Growth Owing to Increasing Awareness
Idiopathic hypersomnia is a neurological sleep disorder characterized by excessive daytime sleepiness. Individuals with idiopathic hypersomnia experience difficulty maintaining wakefulness and feel unrefreshed despite long periods of sleep. Common symptoms include excessive daytime napping, insomnia-like symptoms such as difficulty falling asleep or staying asleep at night, feeling unrested upon waking, depression and cognitive impairment. Treatments aim to improve wakefulness and reduce daytime sleepiness through stimulants, sodium oxybate and lifestyle modifications.
The global idiopathic hypersomnia treatment market is estimated to be valued at US$ 338.42 Mn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for the growth of the idiopathic hypersomnia treatment market is the increasing awareness about the condition. With increased knowledge about idiopathic hypersomnia and its symptoms, more patients are being accurately diagnosed and seeking treatment options. Stimulants such as modafinil and armodafinil are first line treatment therapies for idiopathic hypersomnia due to their ability to effectively reduce excessive daytime sleepiness. Sodium oxybate is also gaining popularity due to its dual mechanism of action targeting both excessive daytime sleepiness as well as insomnia-like symptoms experienced by patients. Overall, development of newer treatment options combined with rising disease awareness is expected to propel the idiopathic hypersomnia treatment market growth over the forecast period.
SWOT Analysis
Strength: Idiopathic hypersomnia treatment market offers treatments for idiopathic hypersomnia disorder which impacts individuals daytime activities. Presence of several new treatment options such as sodium oxybate, modafinil and pitolisant provide relief from symptoms such as excessive daytime sleepiness. Early diagnosis and treatment prevents severity associated with untreated condition.
Weakness: Disease etiology and risk factors are still unclear which limits development of targeted drug therapies. Off-label usage of existing narcolepsy treatments approved for other indications. Lack of approved treatments specifically for idiopathic hypersomnia results in suboptimal management of symptoms.
Opportunity: Rising prevalence of idiopathic hypersomnia globally increases patient pool requiring treatment. Drugs in pipeline hold potential if approved to provide first line therapeutic options. Growing awareness regarding sleep disorders enhances diagnosis rates and treatment seeking behavior.
Threats: Patent expiry of major drugs impacts market revenues of companies. Stringent regulatory framework for approval of new treatments increases cost and timelines. Substitution threat from generic drugs once brands lose exclusivity.
Key Takeaways
The Global Idiopathic Hypersomnia Treatment Market Size is expected to witness high growth. The global idiopathic hypersomnia treatment market is estimated to be valued at US$ 338.42 Mn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030.
North America currently dominates and is expected to continue its dominance over the forecast period. High awareness levels, robust healthcare infrastructure, and presence of major market players in the region drive the market.
Key players operating in the idiopathic hypersomnia treatment market are Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Jazz Pharmaceuticals, Inc., BIOPROJET, Avadel Pharmaceuticals, Plc. GlaxoSmithKline plc, Pfizer Inc., Theranexus, Fisher & Paykel Healthcare Limited, Drive DeVilbiss Healthcare LLC, and Merck & Co. Inc. Companies are focusing on new product development and product line extensions to strengthen their market position.
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