Restless Legs Syndrome Treatment Market Poised For Growth Due To Rising Awareness



Restless legs syndrome (RLS) is a neurological disorder characterized by uncomfortable or unpleasant sensations in the legs and an irrepressible urge to move them. The symptoms of RLS often worsen during periods of rest or inactivity such as lying down or sitting. Some of the major advantages of RLS treatment include relief from unpleasant sensations and improved sleep quality. There is a growing need for effective RLS treatment options as the condition can negatively impact quality of life if left untreated.

The Restless Legs Syndrome Treatment Market is estimated to be valued at US$ 2.5 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period of 2024-2031.

Increasing awareness among patients and healthcare providers about RLS and availability of various treatment alternatives are some of the key factors fueling market growth.

Key Takeaways

Key players operating in the restless legs syndrome treatment market are GlaxoSmithKline, Teva Pharmaceuticals, Boehringer Ingelheim, Pfizer Inc., and UCB Pharma. GlaxoSmithKline dominated the market in 2021 with its popular drug Horizant used for the treatment of moderate-to-severe primary RLS.

In terms of opportunities, there is latent demand for biomarkers to enable early and accurate diagnosis of RLS. This presents an avenue for companies to invest in development of diagnostic biomarkers which can help identify high-risk patients.

Geographically, North America holds the largest share of the global RLS treatment market owing to high awareness levels, diagnosis rates, and adoption of treatment therapies in the region. However, the Asia Pacific market is expected to expand at the fastest CAGR during the forecast period driven by growing healthcare expenditure and expanding access to treatment options.

Market Drivers

One of the major drivers of the restless legs syndrome treatment market is the rising prevalence of RLS globally. It is estimated that around 10% of the adult population suffers from RLS worldwide. Increasing sedentary lifestyle and obesity rates are some of the key factors contributing to the rising prevalence.

Market Restrains

High costs associated with RLS treatment drugs pose a major challenge to market growth. Some of the branded RLS medication options cost upwards of $1000 per month creating affordability issues for patients. This has led to lower adoption rates in developing regions with budget constraints.

Segment Analysis

The Restless Legs Syndrome Treatment market is segmented into drug type, distribution channel and geography. By drug type, the dopamine agonists segment holds the largest market share as these drugs are considered a first-line treatment for RLS. Pregabalin is another dominating sub segment due to its efficacy and fewer side effects. By distribution channel, hospitals pharmacies are the prominent segment as it is most convenient for patients to obtain prescription-based RLS drugs.

Global Analysis

North America dominates the Restless Legs Syndrome Treatment market with the largest revenue share. This is attributed to growing prevalence of RLS, strong healthcare infrastructure and availability of advanced treatment options in the region. Asia Pacific is expected to witness the highest growth during the forecast period owing to increasing patient awareness, rising healthcare spending and presence of generic drug manufacturers. China, Japan and India are emerging markets for RLS drugs in Asia Pacific. Germany, UK and France collectively form a major revenue pocket in Europe due to rising government support for early diagnosis and treatment of neurological disorders.

Get more insights on this topic: https://www.newsanalyticspro.com/restless-legs-syndrome-treatment-market-poised-to-witness-high-growth-owing-to-increasing-prevalence-of-restless-legs-syndrome-globally/

 

About Author:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. (LinkedIn - https://www.linkedin.com/in/priya-pandey-8417a8173/)

What Are The Key Data Covered In This Restless Legs Syndrome Treatment Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Restless Legs Syndrome Treatment Market's growth between 2024 and 2031.

:- Accurate calculation of the size of the Restless Legs Syndrome Treatment Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Restless Legs Syndrome Treatment Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Restless Legs Syndrome Treatment Market vendors

FAQ’s

Q.1 What are the main factors influencing the Restless Legs Syndrome Treatment Market?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Restless Legs Syndrome Treatment Market companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Restless Legs Syndrome Treatment Market’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Comments

Post a Comment

Popular posts from this blog

Space Economy : Global Space Economy Enters New Phase of Growth and Innovation

Image
The Growing Global Space Economy As these new commercial applications and models emerge in fields like earth observation, communications, infrastructure development and utilization of space resources, the global space economy is expanding rapidly. Reports from leading analyst firms project significant growth rates over the coming decade, with an estimated total global space economy size exceeding a trillion dollars by 2040. Private capital investment in space has also grown 10-fold over the past decade to well over $5 billion in 2021 alone. As more commercial activity accelerates in low-Earth orbit and beyond, global cooperation will play a vital role in management of issues like orbital traffic, spectrum allocation and safety standards. International organizations like the United Nations are developing cooperation frameworks to ensure the responsible governance of these emerging space industries and exploration activities. Overall, the expanding range of commercial uses of space ...
Read more

Luxury Vegan Handbags: The Surge In Popularity Of High-End Vegan Handbags A New Trend In Sustainable Fashion

Image
  As consumer consciousness around sustainability and animal welfare grows, more luxury brands are introducing   vegan handbag   lines that are just as stylish and durable as traditional leather bags but without the environmental or ethical downsides. By using innovative materials derived from plants, these eco-friendly luxury bags allow fashionistas to feel good about what they carry. Pioneering brands like Matt & Nat, Will’s Vegan Store, and Veja are leading the way in offering luxury vegan styles that can rival even the most prestigious designer labels. Materials Of The Future Manufacturers are developing premium vegan materials that are indistinguishable from leather both in look and feel. Pineapple leather and mushroom leather, for example, are made from the waste fiber of pineapples and mycelium cells from mushrooms, respectively. These innovative materials have a luxurious texture, last for years, and biodegrade completely without harming the environment. Addit...
Read more

New Zealand Coconut Milk And Cream Gaining Global Recognition

Image
  As consumers become increasingly aware of potential health benefits and seek out plant-based alternatives to dairy, coconut milk and cream products from New Zealand have seen tremendous growth in popularity both domestically and overseas in recent years. New Zealand Coconut Milk and Cream has emerged as a major economic success story, with exports increasing over 300% in the past decade alone. Several factors have contributed to this surge in demand. Coconut milk and cream are praised for their high nutritional value as a plant milk alternative. They are naturally cholesterol-free, lower in calories than dairy milk, and contain important vitamins, minerals and healthy fats. Coconuts grow abundantly in tropical regions, and New Zealand's warm climate makes it ideal for coconut cultivation and processing. With its clean, green reputation, New Zealand Coconut Milk and Cream is seen as a trusted source for high quality coconut products. Rising Exports And An Expanding Domestic N...
Read more