Neuropsychiatric Disorders and Treatment Market 2018 to 2023 | Expected to reach USD 2.95 Billion with Topmost Players Astrazeneca, GlaxoSmithKline, Pfizer, Wyeth and More

The Global Neuropsychiatric Disorders and Treatment Market Provide Detail Information about the Present and Forecasted Market with Its Key Players that Influences the Market on Global Scale.

Global Neuropsychiatric Disorders and Treatment Market – Scenario

Neuropsychiatric is the mental disorder occur due to disturbance in the function of cerebral system. Mania and hallucination are some of the major neuropsychiatric diseases. Increasing prevalence of different neuropsychiatric diseases across the globe is the major driving factor for the growth of the market.

While long term treatment and lack of clinical trial data for neuropsychiatric diseases may hamper the growth of the market. Global neuropsychiatric disorders and treatment market is expected to grow at a CAGR of 6.2% during forecasted period.

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Global Neuropsychiatric Disorders and Treatment Market - Overview

Neuropsychiatric disorders are mental disorder occur due to disturbance in the function of cerebral system. Neuropsychiatric disorders are most common to the people having more than 65 year’s age. Increasing prevalence of neuropsychiatric disorders across the globe is the major reason for driving the market.

Beside this increasing demand for the better treatment and development in the healthcare sector are the major driving factor for the growth of the market. While lack of clinical trial data for neuropsychiatric drugs and long term treatment of this diseases may restrain the growth of the market.

Geographically, North America accounts for the largest market for the neuropsychiatric disorders and treatment which is slightly less than Europe. Huge population suffering from neuropsychiatric disorders in this region is the major reason for the development of the market. According to WHO the number of patients suffering from neuropsychiatric disorders will be doubled in next couple of decades due to increasing aging population in North America and Europe. Asia Pacific has the third leading market which is expecting a fastest growth in this market due to rapid development in healthcare sector and increasing demand for the better treatment of the neuropsychiatric disorders.

Global Neuropsychiatric Disorders and Treatment Market - Key Players

AstraZeneca (UK), GlaxoSmithKline (UK), Universal Health Services Inc. (US), Biogen (US), Boehringer Ingelheim GmbH (Germany), Eli Lilly (US), Bristol-Meyer Squibb (US), Johnson & Johnson (US), Pfizer (US), Wyeth (US), Otsuka Holdings Co. Ltd (Japan), Astellas Pharma Inc. (Japan) are some of the prominent players at the forefront of competition in the Global neuropsychiatric disorders and treatment Market and are profiled in MRFR Analysis.

Global Neuropsychiatric Disorders and Treatment Market – Segmentation

Global neuropsychiatric disorders and treatment market is segmented on the basis of disorders into degenerative diseases, neurotic disorders, psychosis and others. On the basis of treatments it is segmented as shock treatment, drug treatment, others and on the basis of end users it is hospitals, clinics, research centres and others

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Global Neuropsychiatric Disorders and Treatment Market - Competitive Analysis

Many factors are fuelling the growth of the market. This has attracted many of the manufacturer for development of the market in this sector. Increasing in alliances amongst the leading player has helped to introduction of new and better treatment for the neuropsychiatric disorders.

AstraZeneca is a multinational pharmaceutical and biopharmaceutical company headquartered in UK. Recently AstraZeneca has completed its collaboration with National Institute of Mental Health. This collaboration will help to discover the new and better drug treatment for distressing condition. AstraZeneca has also collaborated with Vanderbilt Center for the Neuroscience Drug Discovery which aims to discover new drug for the treatment of neuropsychiatric disorders.

Universal Health Services is an American Fortune 500 company headquartered in US. It is one of the largest hospital management companies in US. Universal Health Services is a huge company with the revenues of nearly USD 9.7 billion with the profit of more than USD 600 million.

Boehringer Ingelheim is one of the world’s 20 leading pharmaceutical companies headquartered in Germany. In 2016, Boehringer Ingelheim is collaborated with Saniona. This collaboration aims to develop the new treatment for the patients suffering from schizophrenia.

Global Neuropsychiatric Disorders and Treatment Market - Regional Analysis

On regional basis, North America commands the largest share of global neuropsychiatric disorders and treatment market. Increasing prevalence of neuropsychiatric disorders and governmental support for the research and development of the medicines in this area are the major driving factor for the growth of the market in North America. Europe commands the second largest market followed by Asia Pacific. Asia Pacific is expected to grow at a fastest rate due to rapid development of the healthcare sector in this regions.

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