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Neuropsychiatric Disorders And Treatment Market Size and Share Analysis By Key Vendors - Astrazeneca, GlaxoSmithKline, Johnson & Johnson, Pfizer, Wyeth Etc. During 2019-2023
Neuropsychiatric Disorders And Treatment 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)
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Industry News:
In June 2018, the world's first neurosurgical robotic system for bilateral stereotactic neurosurgery was designed by a mechanical engineering team of the Hong Kong University. The breakthrough technology can assist in the treatment of variety of neuropsychiatric disorders.
In April 2018, Biogen and Ionis Pharmaceuticals entered into a partnership to work on a 10-year, $1 Billion-plus project to develop neuropsychiatric drugs. Biogen will be responsible for non-clinical studies, clinical development, commercialization and manufacturing. In addition, Biogen will have the option to license therapies coming out of this collaboration.
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 centers and others
Global Neuropsychiatric Disorders and Treatment Market - Regional Analysis
North America, Europe, Asia Pacific, and the Middle East & Africa are the key markets for neuropsychiatric disorders and treatment market. North America is the largest market for neuropsychiatric disorders and treatment market due to the overriding burden of neuropsychiatric disorders which results in a large number of deaths per year.
Europe is the second largest market for neuropsychiatric disorders, led by the regions of Iceland, Norway, and Switzerland. Huge population suffering from mental disorders and augmenting need for better treatment is boosting the market in Europe.
Asia Pacific neuropsychiatric disorders and treatment market is advancing at a rapid pace. The rise in geriatric population, persistently improving healthcare sector and raising awareness in the region favors the growth of the market in Asia Pacific.
The Middle East & Africa market accounts for the least share of the market. Lack of awareness and limited availability of advanced treatment options, especially in the Africa region acts an impediment to the growth of the market. However, improving healthcare sector in the Middle East is expected to provide impetus to the growth of the Middle East & Africa market.
Europe commands the second largest market for the neuropsychiatric disorders and treatment. Huge population suffering from mental disorders in Iceland, Norway and Switzerland has contributed a lot for the European market. Moreover, increasing demand for need of better treatment and increasing burden of neuropsychiatric disorders are the major factor for the growth of the market.
Neuropsychiatric disorders and treatment market in Asia Pacific is growing at a steady pace due to huge geriatric population in this area, continuous improving healthcare infrastructure and rapid development in healthcare sector has boosted growth of this market. The Middle East and Africa has least market for the neuropsychiatric disorders and treatment.
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