Press release
Bipolar Disorders And Treatment Market Overview 2022 to 2030, Future Trends and Forecast | CAGR 3.4%
In accordance with the Bipolar Disorders And Treatment market is set to grow at a CAGR of 3.4% over a forecast period (2022-2030).Bipolar disorder is a manic-depressive disorder, which is a type of mental illness. It is characterized by mood swings and mood episodes appear during the illness. Manic and depressive episodes are common mood episodes observed in bipolar disorders. The government initiatives for treatment of bipolar disorders, advancement in combination drugs, and growing demand for antidepressant drugs are expected to drive the growth of the market. Moreover, growing research and development activities conducted by government and non-profit organizations are contributing to the growth of the market. For instance, Harvard University started Harvard brain science initiative (HBI) for R&D on bipolar disorders. This program has provided USD 3 million in funds to the research and development related to bipolar disorders. The side effects associated with therapy, low diagnosis rate, and dearth of experts may hamper the growth of the global market during the assessment period.
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The "Bipolar Disorders And Treatment Market" Report includes qualitative and quantifiable insights into the major drivers, restraints, opportunities, and challenges affecting global market growth. The examination contains complete statistical market data on the major companies, as well as revenue forecasts. The Bipolar Disorders And Treatment market study also includes information on the sales growth of many regional and country-level markets, as well as the competitive landscape and specific company analysis for the forecast period. The market report observes future growth aspects as well as the current status of market share, penetration of various types, technologies, applications, and geographies through 2030.
Bipolar Disorders And Treatment Market Leading Players:
GlaxoSmithKline, Pfizer, Janssen Pharmaceuticals, Eli Lilly, Allergan, Novartis, And Others.
Recent Development:
March 2016 - Allergan announced the availability of VRAYLAR (cariprazine) for the treatment of bipolar mania and schizophrenia in adults.
August 2015 - Allergan successfully completed the acquisition of Naurex. This acquisition adds a potentially breakthrough treatment for depression and strengthens the company's global position in mental health.
This Research Considers the following Regions on Prime focus:
North America (U.S., Canada)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Overview:
The Americas are likely to dominate the global bipolar disorders and treatment market owing to technological advancement, presence of major players in the region, well-established healthcare system, and increasing cases of bipolar disorders in the region. According to the National Institute of Mental Health (NIMH), approximately 3% of adults in the US were suffering from bipolar disorders in 2016 and this percentage is expected to increase significantly in the future due to changing lifestyles.
The European market is expected to be the second-largest bipolar disorders and treatment market. The market growth in this region can be attributed to the increasing number of mental disorders, increasing government funding for treatment of bipolar disorders, and growing research and development activities related to mental health.
Global Bipolar Disorders And Treatment Market Segmentation:
By type:
Mood stabilizer
Anticonvulsant
Antipsychotic
Antidepressant
Antianxiety
By application:
Hospital
Pharmacy
Other
Year Considered Estimating the Market Size:
Historical Years: 2017-2021
Base Year: 2022
Estimated Year: 2022
Forecast Period: 2023-2030
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Report Aim and Scope:
An overview of the Bipolar Disorders And Treatment market based on geographical scope, segmentation, and financial performance of key players is presented in the report.
The report presents the estimated Bipolar Disorders And Treatment market size by the end of the forecast period. Additionally, the historical and current market size is also examined in the report.
Based on various indicators, the Year-on-Year Growth (%) and compound annual growth rate (CAGR) for the given forecast period are offered.
The report presents current trends in the industry and the future scope of the market in North America, Asia Pacific, Europe, Latin America, and Europe.
The various parameters accelerating the growth of the Bipolar Disorders And Treatment market is incorporated in the research report.
The report analyzes the growth rate, market size, and valuation of the market during the forecast period.
Key Reasons to Purchase:
- To gain insightful analyses of the market and have a comprehensive understanding of the global market and its industrial landscape.
- To identify and analyze the profile of leading players operating in the global Bipolar Disorders And Treatment market.
- To understand the most affecting driving and restraining forces in the market and their impact on the global market.
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Anna B. (Head Of sales) | Contrive Datum Insights
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About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials in various sectors including investment, information technology, telecommunications, consumer technology, and manufacturing markets. CDI helps investment communities, business executives and IT professionals make accurate, statistically-based decisions on technology purchases and promote strong growth tactics to maintain market competitiveness. Composed of a team of more than 100 analysts and a cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and national experience.
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