Psychotic Disorder Treatment Market Is Projected To Surge Past A Valuation Of US$ 24.5 Billion By The End Of 2032

The global psychotic disorder treatment market is currently worth US$ 13.6 billion and is expected to exceed US$ 24.5 billion by the end of 2032.

Stress levels in the general population have risen significantly in recent years, leading to an increase in the prevalence of psychotic disorders such as bipolar disorder, schizophrenia, and others.

Fact.MR predicts that worldwide revenue from psychotic disorder treatment will grow at a 6.1% CAGR between 2022 and 2032.

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Competitive Landscape

Psychotic disorder treatment providers are urging regulatory bodies to approve new drugs and treatment therapies in order to expedite the launch of these novel treatments.

AbbVie, a leading biopharmaceutical company, announced in February 2022 that it had submitted a Supplemental New Drug Application to the US Food and Drug Administration (FDA). The application is based on the results of a new clinical trial for cariprazine (VRAYLAR®) as an adjunctive treatment for major depressive disorder (MDD).
BioXcel Therapeutics, a well-known biopharmaceutical company, announced in April 2022 that the U.S. FDA had approved IGALMITM (dexmedetomidine) Sublingual Film for the treatment of bipolar disorder.

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Segmentation of Psychotic Disorder Treatment Industry Research

Psychotic Disorder Treatment Market by Drug Type :

Atypical Antipsychotics

Phenothiazine Antipsychotics

Thioxanthenes

Miscellaneous Antipsychotics Agents

Psychotic Disorder Treatment Market by Indication :

Schizophrenia

Bipolar Disorder

Delusional Disorder

Drug Induced Psychosis

Organic Psychosis

Psychotic Disorder Treatment Market by Distribution Channel :

Hospital Pharmacies

Retail Pharmacies

Drug Store

e-Commerce

Psychotic Disorder Treatment Market by Region :

North America

Latin America

Europe

APAC

MEA

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Where Should Psychotic Disorder Treatment Providers Concentrate Their Attention?
"Europe's demand for psychotic disorder treatment is at an all-time high."

The Europe psychotic disorder treatment market is expected to be worth $3.45 billion in 2022, with a significant market share of 25.4% in the global industry landscape.

The rising prevalence of severe psychotic disorders, as well as increased awareness of mental health issues, are driving market growth in this region.

In North America, rising cases of severe mental illnesses and a greater emphasis on mental health are expected to drive demand for psychotic disorder treatment. Currently, the region's market has a sales revenue of US$ 2.89 billion and a market share of 21.3%.

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How Fact.MR Assists in Making Strategic Moves?

The data provided in the Psychotic Disorder Treatment Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period. The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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