Schizophrenia Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028

The global Schizophrenia treatment market is expected to grow at a CAGR of 5.7% from 2021 to 2028. Schizophrenia is a mental health disorder which affects the thinking abilities, behavior emotional well-being of the person. The patient often hallucinates and lives in a virtual world irrespective of the things happening in the reality. The patient loses touch with reality and creates a tough time for family and friends. There are no specialized hospitals or laboratories therefore the treatment is dependent upon therapies, medications and doctor consultations. The available medications are only for symptomatic relief and the disease cannot be fully cured. Though early diagnosis, therapies and proper treatment prevents the condition from worsening and the patient may be able to live a normal life later. Rising incidences of Schizophrenia, awareness among the people, funding's from the government, rise in mental health expenditure, better health facilities, technological advancements in diagnosis & treatment are some of the factors which marks a hike in the global Schizophrenia treatment market.

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The global Schizophrenia treatment market is bifurcated into Types, Treatment, Route of Administration and Region. Based on Type, the global Schizophrenia market is sub-segmented into Paranoid Schizophrenia, Hebephrenic Schizophrenia, Catatonic Schizophrenia and Un-differentiated Schizophrenia. On the basis of Treatment, the market is sub-segmented into second-generation antipsychotics and third-generation antipsychotics. Some of second-generation antipsychotics are Risperdal (Risperidone), Invega (Paliperidone), Zyprexa (Olanzapine), Geodon (Ziprasidone), Seroquel (Quetiapine), Latuda (Lurasidone), etc. On the basis of Route of Administration, the global market is segmented into Oral and Injectable medications.
Schizophrenia market outlook – North America dominates the global Schizophrenia treatment market.
Based on geography, the global Schizophrenia treatment market is bifurcated into North America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA).
Prominent players of the global Schizophrenia treatment market:
Johnson & Johnson, Bristol-Myers Squibb and Company, Sumitomo Dainippon Pharma, Pfizer, Otsuka Pharmaceuticals, AstraZeneca, Eli Lilly, Alkermes, Vanda Pharmaceuticals and Allergan.

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