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U.S. Tardive Dyskinesia Therapeutics Market Size, Trends, Growth, Opportunities | Neurocrine Biosciences, Inc. and Teva Pharmaceutical Industries Ltd.

12-06-2024 07:30 AM CET | Health & Medicine

Press release from: Fortune Business Insights

U.S. Tardive Dyskinesia Therapeutics Market

U.S. Tardive Dyskinesia Therapeutics Market

The U.S. tardive dyskinesia therapeutics market size was worth USD 2.24 billion in 2022 and is projected to grow at a CAGR of 7.8% during the forecast period.

The U.S. Tardive Dyskinesia (TD) Therapeutics Market is gaining momentum as awareness grows around this often debilitating condition. Characterized by involuntary movements, TD arises as a side effect of prolonged use of antipsychotic medications. With increasing research and innovative drug development, the market is poised for significant growth, focusing on improving patient outcomes and maintaining psychiatric stability.

๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐—ช๐—ต๐—ฎ๐˜ ๐—ฌ๐—ผ๐˜‚'๐—ฟ๐—ฒ ๐— ๐—ถ๐˜€๐˜€๐—ถ๐—ป๐—ด: ๐—š๐—ฒ๐˜ ๐—ฎ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ (๐—ฃ๐——๐—™) ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ: https://www.fortunebusinessinsights.com/enquiry/sample/u-s-tardive-dyskinesia-therapeutics-market-107826

๐—ž๐—ฒ๐˜† ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜

In May 2022, Neurocrine Biosciences unveiled promising findings at the American Psychiatric Association (APA) conference. Their study on INGREZZA capsules (40 mg and 80 mg) demonstrated substantial improvement in TD symptoms over a 48-week period. Both patients and clinicians reported positive results, emphasizing the drug's ability to enhance movement symptoms without compromising psychiatric stability. This breakthrough underscores the company's leadership in the TD therapeutics space.

๐—ง๐—ผ๐—ฝ ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—จ.๐—ฆ. ๐—ง๐—ฎ๐—ฟ๐—ฑ๐—ถ๐˜ƒ๐—ฒ ๐——๐˜†๐˜€๐—ธ๐—ถ๐—ป๐—ฒ๐˜€๐—ถ๐—ฎ ๐—ง๐—ต๐—ฒ๐—ฟ๐—ฎ๐—ฝ๐—ฒ๐˜‚๐˜๐—ถ๐—ฐ๐˜€ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜

โ€ข Mitsubishi Tanabe Pharma Corporation (Mitsubishi Chemical Group Corporation) (Japan)
โ€ข Teva Pharmaceutical Industries Ltd. (Israel)
โ€ข Neurocrine Biosciences, Inc. (U.S.)
โ€ข SOM BIOTECH (Spain)
โ€ข Luye Pharma Group (China)

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐——๐—ฟ๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€

๐—ฅ๐—ถ๐˜€๐—ถ๐—ป๐—ด ๐—ฃ๐—ฟ๐—ฒ๐˜ƒ๐—ฎ๐—น๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—ผ๐—ณ ๐—ฃ๐˜€๐˜†๐—ฐ๐—ต๐—ถ๐—ฎ๐˜๐—ฟ๐—ถ๐—ฐ ๐——๐—ถ๐˜€๐—ผ๐—ฟ๐—ฑ๐—ฒ๐—ฟ๐˜€

The increasing prevalence of schizophrenia, bipolar disorder, and other psychiatric conditions is driving the demand for effective TD treatments. As antipsychotics remain the cornerstone of treatment, the need for therapeutics to manage associated side effects like TD is growing.

๐—™๐——๐—” ๐—”๐—ฝ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฎ๐—น๐˜€ ๐—•๐—ผ๐—ผ๐˜€๐˜๐—ถ๐—ป๐—ด ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—–๐—ผ๐—ป๐—ณ๐—ถ๐—ฑ๐—ฒ๐—ป๐—ฐ๐—ฒ

Recent FDA approvals for drugs like valbenazine have enhanced market dynamics, providing patients and healthcare providers with reliable, well-studied treatment options.

๐—š๐—ฟ๐—ผ๐˜„๐—ถ๐—ป๐—ด ๐—”๐˜„๐—ฎ๐—ฟ๐—ฒ๐—ป๐—ฒ๐˜€๐˜€ ๐—ฎ๐—ป๐—ฑ ๐——๐—ถ๐—ฎ๐—ด๐—ป๐—ผ๐˜€๐—ถ๐˜€

Increased awareness among clinicians and patients has led to higher diagnosis rates of TD, subsequently expanding the therapeutics market. Educational initiatives and campaigns are further aiding this trend.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐˜€๐˜๐—ฟ๐—ฎ๐—ถ๐—ป๐˜๐˜€

๐—›๐—ถ๐—ด๐—ต ๐—–๐—ผ๐˜€๐˜ ๐—ผ๐—ณ ๐—ง๐—ต๐—ฒ๐—ฟ๐—ฎ๐—ฝ๐—ฒ๐˜‚๐˜๐—ถ๐—ฐ๐˜€

One of the major barriers to the widespread adoption of TD treatments is the high cost of advanced medications. Limited insurance coverage adds to the financial burden for patients.

๐—Ÿ๐—ถ๐—บ๐—ถ๐˜๐—ฒ๐—ฑ ๐—”๐˜„๐—ฎ๐—ฟ๐—ฒ๐—ป๐—ฒ๐˜€๐˜€ ๐—ถ๐—ป ๐—–๐—ฒ๐—ฟ๐˜๐—ฎ๐—ถ๐—ป ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐˜€

Despite growing awareness, there are still gaps in diagnosing TD, particularly in rural or underserved areas, where access to specialized psychiatric care may be limited.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—–๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฎ๐—ด๐—ฒ

The comprehensive market report on the U.S. Tardive Dyskinesia Therapeutics Market delves into industry trends, key players, competitive landscape, and regional insights. It highlights drug performance, regulatory updates, and emerging growth opportunities.

๐—™๐—ผ๐—ฟ ๐—™๐˜‚๐—น๐—น ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—–๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฎ๐—ด๐—ฒ ๐—ฉ๐—ถ๐˜€๐—ถ๐˜: https://www.fortunebusinessinsights.com/u-s-tardive-dyskinesia-therapeutics-market-107826

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ

Key market players like Neurocrine Biosciences and Teva Pharmaceutical Industries are investing heavily in research and development to introduce next-generation TD therapeutics. Strategic partnerships and clinical trials are shaping the competitive dynamics, enabling companies to strengthen their market presence.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐˜€

๐—ฉ๐—ฎ๐—น๐—ฏ๐—ฒ๐—ป๐—ฎ๐˜‡๐—ถ๐—ป๐—ฒ ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜ ๐—Ÿ๐—ฒ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜

By drug, the valbenazine segment holds the largest share, attributed to its proven efficacy and minimal side effects. The drug's widespread acceptance among healthcare providers has further cemented its dominance in the market.

๐——๐—ฒ๐˜‚๐˜๐—ฒ๐˜๐—ฟ๐—ฎ๐—ฏ๐—ฒ๐—ป๐—ฎ๐˜‡๐—ถ๐—ป๐—ฒ ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜ ๐—˜๐—บ๐—ฒ๐—ฟ๐—ด๐—ถ๐—ป๐—ด ๐—ฎ๐˜€ ๐—ฎ ๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ผ๐—ฟ

Deutetrabenazine is also gaining traction due to its effectiveness in managing TD symptoms, making it a key player in the therapeutics landscape.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€

The U.S. leads the global TD therapeutics market, driven by a strong healthcare infrastructure, increased funding for psychiatric research, and high awareness levels. Regions such as California, New York, and Texas contribute significantly due to their dense population and advanced healthcare facilities.

๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ฐ๐—ผ๐—ฝ๐—ฒ

โ€ข Development of novel therapeutic mechanisms targeting TD-specific pathways.
โ€ข Increased focus on affordability through generic drug options and insurance reforms.
โ€ข Integration of AI and digital tools for early diagnosis and personalized treatment.
โ€ข Global expansion by key players into untapped markets to cater to unmet needs.

๐—–๐—ผ๐—ป๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐—ผ๐—ป

The U.S. Tardive Dyskinesia Therapeutics Market continues to evolve with advancements in research, drug development, and patient care initiatives. Companies like Neurocrine Biosciences are leading the charge with innovative solutions that address the dual challenges of efficacy and psychiatric stability. With robust growth potential, the market is set to redefine care standards for patients with TD.

For more detailed insights, explore the U.S. Tardive Dyskinesia Therapeutics Market Report.

๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฒ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—”๐—ฐ๐—ฐ๐—ผ๐—ฟ๐—ฑ๐—ถ๐—ป๐—ด ๐—ง๐—ผ ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—–๐—ผ๐—ป๐˜ƒ๐—ฒ๐—ป๐—ถ๐—ฒ๐—ป๐—ฐ๐—ฒ: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/u-s-tardive-dyskinesia-therapeutics-market-107826

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐˜€:
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