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Emerging Therapies Segment Contributing Significantly

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Pooja Khodke
Emerging Therapies Segment Contributing Significantly

The global Idiopathic Hypersomnia Treatment Market is estimated to be valued at US$ 242.4 million in 2020 and is expected to exhibit a CAGR of 8.7% over the forecast period 2020-2027, as highlighted in a new report published by Coherent Market Insights.


Market Overview:


Idiopathic hypersomnia is a chronic neurological sleep disorder characterized by excessive daytime sleepiness that is not caused by other medical condition or psychosocial factors. The leading drugs for the treatment of idiopathic hypersomnia include sodium oxybate, modafinil, armodafinil and central nervous system stimulants. These emerging therapies provide long lasting relief from sleepiness and restore normal daily activities.


Market key trends:


One of the key trends in the idiopathic hypersomnia treatment market is the strong pipeline of emerging therapies. There are several pharmaceutical candidates in phase II and phase III clinical trials that claim to provide superior efficacy and improved safety profile over existing therapies. Some of the promising emerging therapies include pitolisant from Bioprojet, JZP-258 from Jazz Pharmaceuticals and AUV201 from Avadel Pharmaceuticals that are undergoing late stage clinical trials. These novel candidates are expected to widen treatment options and drive market growth over the forecast period.


Segment Analysis


The global idiopathic hypersomnia treatment market is segmented based on drug type, route of administration, distribution channel, and region. By drug type, the market is divided into central nervous system (CNS) stimulants, wakefulness promoting agents, and others. CNS stimulants dominate the market as modafinil and armodafinil are the only FDA-approved drugs for treating idiopathic hypersomnia.


By route of administration, the oral segment holds the largest share due to ease of administration. The distribution channel segment includes hospital pharmacies, retail pharmacies, and online pharmacies. Hospital pharmacies account for a significant share as patients are prescribed medications during diagnosis and treatment at hospitals.


Key Takeaways


The global idiopathic hypersomnia treatment market is expected to witness high growth, exhibiting a CAGR of 8.7% over the forecast period, due to increasing awareness about this sleep disorder and availability of treatment options.


The US holds the leading share in the global market due to the high prevalence of idiopathic hypersomnia and rising healthcare expenditure. Europe is the second largest regional market supported by growing initiatives to spread awareness. Asia Pacific is expected to be the fastest growing region owing to the rising incidence of sleep disorders.


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. These players are focusing on developing new treatment formulations and strengthening their geographic presence through collaborations.



Read More :  https://www.newsstatix.com/the-north-american-idiopathic-hypersomnia-market-is-estimated-to-witness-high-growth-owing-to-rising-prevalence-and-increasing-research-activities/

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