The restless legs syndrome treatment market has been witnessing significant growth owing to the rising prevalence of RLS disorder globally. Restless legs syndrome or Willis-Ekbom disease is a common sensorimotor disorder characterized by unpleasant sensations in the legs and an urge to move them to relieve those sensations. The symptoms of RLS usually occur late in the day resulting in difficulty in falling asleep. The mainstream treatment options for RLS include dopaminergic drugs such as pramipexole, ropinirole, and benzodiazepines. The increasing awareness about the symptoms and management of RLS disorder and improving diagnosis rates are the key factors propelling the demand for effective RLS treatment drugs and devices.
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 2024-2031.
Key Takeaways
Key players operating in the restless legs syndrome treatment market are GlaxoSmithKline, Teva Pharmaceuticals, Boehringer Ingelheim, Pfizer Inc., and UCB Pharma. GlaxoSmithKline accounted for the dominant market share in 2021 owing to its blockbuster drugs Mirapex and Requip being used for RLS treatment.
The key growing demand in the market can be attributed to the rising prevalence of RLS disorder mainly due to increasing risk factors like advanced age, chronic kidney disease, iron deficiency, and pregnancy. According to estimates, around 10% of adults are affected by RLS worldwide. This high prevalence of RLS and associated symptoms are driving more people to seek effective treatment options.
Technological advancements like the development of next-generation neuromodulation devices for deep brain stimulation therapy and wearable devices with built-in sensors to monitor symptoms are boosting the adoption of non-drug treatment choices for RLS. Innovation in drug delivery systems to achieve 24x7 symptom relief without major side effects is also fueling the growth of the restless legs syndrome treatment market.
Market Trends
Increased adoption of combination drug therapies - The trend of prescribing more than one RLS drug in combination is growing as it helps relieve symptoms better than monotherapy in severe cases. Dopamine agonists are often combined with alpha-2-delta ligands.
Rising popularity of neurostimulation therapies - Advancements in neurostimulation devices and techniques like spinal cord stimulation and transcutaneous electrical nerve stimulation are providingrelief to RLS patients with fewer side effects than drugs.
Focus on developing personalized treatment protocols - With more insights into disease underlying pathophysiology, treatment protocols are becoming tailored to individual patient needs based on symptom triggers, severity, and comorbidities to achieve optimal outcomes.
Market Opportunities
Development of oral extended-release formulations - There is scope for developing oral long-acting RLS medications that reduce dosing frequency and boost adherence to the prescribed treatment regimen.
Combination of drug and non-drug therapies - Integration of dopaminergic drugs with neuromodulation and physical therapy holds potential for synergistic effects in RLS management by targeting multiple disease aspects.
Impact Of Covid-19 On Restless Legs Syndrome Treatment Market Growth:
The COVID-19 pandemic has impacted the Restless Legs Syndrome Treatment market in several ways. During the initial lockdowns imposed by various governments globally, there was a disruption in manufacturing and supply chain activities. This led to delay in production as well as unavailability of key raw materials. However, as Restless Legs Syndrome is a chronic neurological condition, the demand for its treatment remained constant.
With the scare of infection, patients started preferring online consultation and home delivery of medicines over visiting hospitals and clinics for treatment. This boosted the telemedicine and e-pharmacy sectors. Pharmaceutical companies also shifted their focus to ensuring uninterrupted supply of drugs via online channels. However, priorities of healthcare systems changed drastically during the pandemic with more focus on COVID patients. Resources and funding were diverted for coronavirus treatment leading to delay in new drug development projects and clinical trials for Restless Legs Syndrome treatment.
As lockdowns are gradually lifting now, manufacturing and supply chains are getting back on track. The pharmaceutical industry is also focusing on expansion of their online presence and delivery networks to cater to the changed consumer behavior. Researchers are accelerating drug development processes to launch new and improved treatment options in the market. It is expected that with rising vaccination rates and adaptation to new normal, the Restless Legs Syndrome Treatment market will see steady growth over the forecast period.
Regions With Highest Consumption Of Restless Legs Syndrome Treatment:
North America accounts for the largest share of the Restless Legs Syndrome Treatment Market in terms of value. This is majorly attributed to the rising prevalence of the neurological condition in the region coupled with high diagnosis and treatment rates. According to estimates, around 12% of the adult population in the United States suffers from Restless Legs Syndrome. Availability of advanced healthcare infrastructure and favorable reimbursement policies further drive the market growth in North America.
Europe is also one of the key geographical regions concentratrating consumption of Restless Legs Syndrome drugs. Countries like Germany, United Kingdom, France have reported large patient pools undergoing medication therapy. Rising neurological disorders due to aging population and growing awareness aid the European market expansion.
Fastest Growing Region in Restless Legs Syndrome Treatment Market:
The Asia Pacific region is projected to witness the fastest growth in the Restless Legs Syndrome Treatment Market over the forecast period. This can be attributed to increasing healthcare expenditures of developing nations like India and China. Rapid economic development, rising living standards and growing medical tourism are improving access to diagnosis and treatment in the Asia Pacific region.
Moreover, key international players are expanding their presence in Asia Pacific by collaborating with local pharmaceutical manufacturers. evolving healthcare infrastructure and rising disease awareness campaigns by government organizations are further boosting the Restless Legs Syndrome patient pool. The growth momentum is expected to continue in the forthcoming years as well.
Get more insights on this topic: https://www.ukwebwire.com/restless-legs-syndrome-treatment-market-is-estimated-to-witness-high-growth-owing-to-advancements-in-novel-drug-development/
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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
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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