Cataplexy Drugs Market Size

Cataplexy Drugs Market size is expected to expand at significant growth rate during the forecast period i.e., between 2024-2036. 

The growth of the market can be attributed to the growing prevalence of cataplexy disorder around the world, increasing geriatric population and rise in awareness levels about various treatment options for this condition. According to the World Health Organization, in 2018, 125 million people around the world were aged 80 years or older. By 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. Apart from these, there is a surge in the number of people suffering from a host of disorders such as hallucinations, sleep paralysis, disrupted nocturnal sleep, and obesity, which is also considered to be a crucial factor driving market growth in the upcoming years. Furthermore, increasing consumption of alcohol, tobacco and coffee, along with stressful lifestyle are also projected to fuel the expansion of market in the near future.