The global Idiopathic Hypersomnia Treatment Market Growth Accelerated by Increasing Diagnosis Rates

Global Idiopathic Hypersomnia Treatment Market Size
Global Idiopathic Hypersomnia Treatment Market Size



Idiopathic hypersomnia is a chronic neurological sleep disorder characterized by excessive daytime sleepiness that is not caused by other medical conditions or inadequate sleep. Treatments for idiopathic hypersomnia help reduce excessive daytime sleepiness and improve overall quality of life. Sodium oxybate, pitolisant, central nervous system stimulants and wakefulness promoting agents are commonly used to treat symptoms associated with idiopathic hypersomnia. Modafinil and armodafinil are the most widely prescribed medications to reduce daytime sleepiness.

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 key trends:
Increasing awareness and diagnosis rates of idiopathic hypersomnia are expected to drive the market growth over the forecast period. Growing acceptance of the Center for Sleep Medicine guidelines is helping standardize diagnosis. In addition, improving access to sleep specialists and polysomnography tests in developed regions is contributing to more accurate identification of patients. Research is also ongoing to develop new treatment alternatives which can address unmet needs. This includes medications possessing lower risks of side effects and abuse potential compared to existing therapies. Such efforts are anticipated to expand treatment options and further supplement market expansion.

Segment Analysis:

The global idiopathic hypersomnia treatment market is dominated by the narcolepsy drugs segment. These drugs help treat excessive daytime sleepiness and cataplexy associated with idiopathic hypersomnia. Sodium oxybate (Xyrem) from Jazz Pharmaceuticals holds a major share owing to its strong efficacy and safety profile. In addition, wakefulness promoting agents (modafinil and armodafinil) from companies like Teva and Amneal are also commonly used as off-label treatments. Researchers are also exploring the efficacy of other drug classes like antidepressants and therapy approaches like light therapy to improve symptoms.

Key Takeaways:

The Global Idiopathic Hypersomnia Treatment Market Size 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 accounts for a significant share of the global idiopathic hypersomnia treatment market currently due to high awareness about the condition and availability of effective therapies. However, Asia Pacific is expected to witness rapid growth over the forecast period supported by improving healthcare infrastructure and rising diagnosis rates in countries like China and India.

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. Jazz Pharmaceuticals dominates with its narcolepsy drug Xyrem that is also effective for idiopathic hypersomnia. Other players are focusing on developing newer treatment options including more selective modulators and digital therapies.

 

Discover More@ https://www.pressreleasebulletin.com/idiopathic-hypersomnia-treatment-market-scope/

Post a Comment

Previous Post Next Post