Press release
Antipsychotic Drugs Market Developing Market worth USD 14.05 billion by 2023| Top Most Players | AstraZeneca, Pfizer, Bristol-Myers Squibb, Johnson & Johnson, Allergan, Eli Lilly and Company and GlaxoSmithKline.
Antipsychotic Drugs Market
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Competitive Insights
The leading players in the market are AstraZeneca, Pfizer, Bristol-Myers Squibb, Johnson & Johnson, Allergan, Eli Lilly and Company and GlaxoSmithKline. Competition in the market is foreseen to increase in the following years since a few organizations are presently concentrating on advancement of more up to date and better antipsychotics with lesser or immaterial unfavourable impacts to increase upper hand over others.
Global Industry Market Dynamics and Trend Analysis
The global Antipsychotic Drugs Market was worth USD 11.34 billion in 2014 and is expected to reach approximately USD 14.05 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 2.41% during the forecast period. Developing predominance of psychosis and associated diseases is driving the requirement for antipsychotic drugs. The main considerations contributing towards the developing rate of these diseases incorporate substance-induced psychoses, physical illness resulting in depression, and genetic mutations. The advent of more up to date antipsychotic compounds and immense speculations for R&D are boosting the market development. Likewise, expanding initiatives taken by the market players to extend remedial usage of these drugs are foreseen to make opportunities for the development of antipsychotics in the following years, accordingly boosting the demand.
Drug Class Outlook and Trend Analysis
The second generation represents the biggest share in the market. This class defined as atypical antipsychotics includes risperidone, clozapine, asenapne, olanzapine, sertindole, paliperidone, quetiapine. These are useful in the treatment of schizophrenia and have rapidly begun replacing the first-generation antipsychotics. The third generation, aripiprazole (Abilify) is used for the treatment of schizophrenia and is also used as maintenance drug for this disease.
Regional Insights
North America ruled the market by holding the biggest income share in 2015. As indicated by the Anxiety and Depression Association of America, around 6.7% of the U.S. populace aged 18 years or more was experiencing real depression in 2016.Asia Pacific is foreseen to display the speediest development in the following because of rising social awareness with respect to psychotic disorders and other related issue, for example, bipolar (mania), major depression, and anxiety.
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Market Segmentation-
By drug Class:
First Generation
Second Generation
Third Generation
By Application:
Unipolar depression
Dementia
Schizophrenia
Bipolar disorder
Others
By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Antipsychotic Drugs Market, By Type
4.1. Introduction
4.2. Global Antipsychotic Drugs Sales, Revenue and Market Share by Type (2014-2017)
4.2.1. Global Antipsychotic Drugs Sales and Sales Share by Type (2014-2017)
4.2.2. Global Antipsychotic Drugs Revenue and Revenue Share by Type (2014-2017)
4.3. Antipsychotic Drugs Market Assessment and Forecast, By Type, 2014-2023
4.4. First Generation
4.4.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
4.5. Second Generation
4.5.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
4.6. Third generation
4.6.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
5. Antipsychotic Drugs Market, By Application
5.1. Introduction
5.2. Global Antipsychotic Drugs Sales, Revenue and Market Share by Application (2014-2017)
5.2.1. Global Antipsychotic Drugs Sales and Sales Share by Application (2014-2017)
5.2.2. Global Antipsychotic Drugs Revenue and Revenue Share by Application (2014-2017)
5.3. The Antipsychotic Drugs Market Assessment and Forecast, By Application, 2014-2023
5.4. Schizophrenia
5.4.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
5.5. Bipolar disorders
5.5.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
5.6. Dementia
5.6.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
5.7. Unipolar Depression
5.7.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
5.8. Other Applications
5.8.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
6. Antipsychotic Drugs Market, By Region
……CONTINUED FOR TOC
Application Outlook and Trend Analysis
The antipsychotics are useful in treating schizophrenia, major depression (unipolar), different types of bipolar disorders, dementia, and other psychotic issues. These products have first-line remedial applications amid treatment and maintenance periods of schizophrenia. The etiology of schizophrenia is as yet obscure; in this way the treatment fundamentally goes for disposing of the indications of the ailment. The usage of antipsychotics in treating schizophrenia represents the biggest income share.
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