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Acute Agitation And Aggression Treatment Global Market Observe Highest Growth of $7.23 Billion with an Excellent CAGR of 6.0% by 2028
Acute Agitation And Aggression Treatment Global Market
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According to The Business Research Company's, The acute agitation & aggression treatment market size has grown strongly in recent years. It will grow from $5.4 billion in 2023 to $5.72 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to advances in pharmacology, rise in clinical research, regulatory approvals, rise in prevalence of acute agitation and aggression cases, increased awareness regarding mental health .
The acute agitation & aggression treatment market size is expected to see strong growth in the next few years. It will grow to $7.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to growing aging population, growing healthcare infrastructure, rising pharmaceutical industry investment, rise in home-base care, rise in disposable income. Major trends in the forecast period include non-pharmacological interventions, precision medicine, ai and predictive analytics, community-based support, industry collaboration.
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Market Drivers and Trends:
The increase in the incidence of dementia is expected to propel the growth of the acute agitation and aggression treatment market going forward. Dementia refers to conditions characterized by impaired memory, cognition, and the capability to manage everyday tasks. A symptom often observed in dementia patients is agitation, manifested through behaviors such as restlessness, repetitive actions, or frequent hand movements. Acute agitation and aggression treatment play a key role in dementia. It reduces the risk of harmful symptoms, improves the patient's quality of life, and manages the underlying cause of the agitation. For instance, in February 2023, according to the Australian Institute of Health and Welfare, an Australia-based government agency, in 2022, it was projected that about 401,300 Australians have dementia, and this figure is anticipated to be doubled to reach 849,300 in 2058. Therefore, the increase in the incidence of dementia is driving the growth of the acute agitation and aggression treatment market.
Major companies operating in the acute agitation and aggression treatment market are developing innovative products and getting approved, such as IGALMI (dexmedetomidine), to provide a new treatment option for patients with agitation associated with schizophrenia or bipolar disorder. IGALMI (dexmedetomidine) is a sublingual film used to treat acute agitation associated with schizophrenia or bipolar I or II disorder in adults. For instance, in April 2022, BioXcel Therapeutics Inc., a US-based biopharmaceutical company, received IGALMI (dexmedetomidine) approval from the Food and Drug Administration. It is a quick-acting drug that starts working in a matter of minutes. It is also a short-acting medication, with effects lasting for about 2 hours. It can significantly improve existing therapies for a severe or life-threatening condition.
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Major Key Players of the Market:
Pfizer Inc., Johnson and Johnson Pvt Ltd., F Hoffmann-La Roche Ltd, AbbVie Inc., Novartis AG, Sanofi SA, Bristol-Myers Squibb Company, GlaxoSmithKline plc., Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Otsuka Pharmaceutical Co Ltd., Mylan NV, Biogen Inc., Bausch Health Companies Inc., UCB SA, Servier Laboratories, Sun Pharmaceutical Industries Ltd, AstraZeneca PLC, Ono Pharmaceutical Co Ltd, Apotex Inc., H Lundbeck A/S, Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals LLC, Neurocrine Biosciences Inc, Aurobindo Pharma Limited, Alkermes plc., Indivior plc., Sunovion Pharmaceuticals Inc., Vanda Pharmaceuticals Inc., and Alexza Pharmaceuticals Inc
Acute Agitation And Aggression Treatment Market 2024 Key Insights:
• The acute agitation & aggression treatment market size is expected to see strong growth in the next few years. It will grow to $7.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.
• Rising Dementia Incidence Fuels Growth In Acute Agitation And Aggression Treatment Market
• Innovative Sublingual Film Igalmi (Dexmedetomidine) Revolutionizes Acute Agitation Treatment Market
• North America was the largest region in the acute agitation and aggression treatment market in 2023
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