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Key Trends Shaping the Future Antipsychotic Drugs Market From 2025-2034: Advancements In Subcutaneous Antipsychotic Injections For Enhanced Patient Compliance And Efficacy
Antipsychotic Drugs
The antipsychotic drug market is anticipated to surge due to the rising prevalence of mental disorders. Mental disorders, also referred to as mental illnesses, affect an individual's thought process, behavior, mood, and overall mental health. These disorders can be influenced by factors such as stress, societal pressures, genetic factors, biochemical imbalance, neurodevelopmental problems, and physical health conditions. Antipsychotic medicines help manage these mental disorders by changing the neurotransmitters' activity, especially dopamine and serotonin, which in turn helps reduce psychotic symptoms, stabilize mood, and enhance cognitive and emotional functionality. As per a survey in November 2023 by the Substance Abuse and Mental Health Services Administration (SAMHSA), a US government public health agency, about 6%, equivalent to 15.4 million individuals aged 18 or older, reported coping with severe mental illness (SMI). Additionally, the Australian Institute of Health and Welfare predicted in September 2024 that the number of dementia patients in Australia will more than double from around 411,100 in 2023 to 849,300 by 2058 affecting roughly 315,500 men and 533,800 women. This rising prevalence of mental disorders is hence fueling the growth of the antipsychotic drug market.
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What is the projected compound annual growth rate (CAGR) of the antipsychotic drugs market from 2025 to 2034, and what factors influence it?
Over recent years, the market size for antipsychotic drugs has seen a significant expansion. Rising from $19.5 billion in 2024, the market is expected to reach $21.45 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.0%. This impressive growth throughout the historic period is due to several influential factors. These include an increasing occurrence of mental health disorders, the creation of second-generation antipsychotic drugs, a swelling elderly population, advancements in healthcare infrastructure, and substantial investment directed towards research and development.
The market for antipsychotic medications is anticipated to witness substantial growth in the upcoming years, increasing to a valuation of $31.04 billion by 2029, with a compound annual growth rate (CAGR) of 9.7%. Contributing factors to the growth during the projected period include a rise in schizophrenia and bipolar disorder cases, constructive government policies, and funding, escalating demand for personalized treatments, the goal to lessen adverse effects, and the expansion of mental health advocacy groups and support systems. Notable trends for this period encompass the incorporation of digital health instruments for tracking, the creation of new modes of action, a growing emphasis on combination therapies, the use of pharmacogenomics for customized treatments, and a focus on patient-oriented drug development.
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How are the latest trends influencing the growth of the antipsychotic drugs market?
Top-tier organizations present in the antipsychotic drug market are centering their operations around developing advanced medical solutions such as atypical antipsychotic injections given subcutaneously. These alternative medical products offer better patient adherence and increased effectiveness compared to traditional orally administered medicines. Subcutaneous atypical antipsychotic injections are psychiatric medicines injected beneath the skin to manage mental disorders, maintain consistent blood concentrations, and boost symptom control. Case in point, in April 2023, Teva Pharmaceutical Industries Ltd., from Israel, and French-based MedinCell SA rolled out UZEDY, a U.S. Food and Drug Administration (FDA) approved product. This is an extended-release injectable iteration of risperidone purposed for long-lasting subcutaneous administration allowing flexible dosing duration of one or two months. UZEDY employs MedinCell's exclusive SteadyTeq technology, guaranteeing constant medication release, achieving therapeutic levels within 6-24 hours post-administration. In the clinical study, UZEDY exhibited up to 80% decrease in the probability of schizophrenia relapse when compared to the placebo. This product aims to counter the frequent adherence issues tied to oral antipsychotics, which are frequently responsible for relapses.
What are the major segments of the antipsychotic drugs market and their role in driving growth?
The antipsychotic drugs market covered in this report is segmented -
1) By Therapeutic Class: First Generation, Second Generation, Third Generation
2) By Disease: Schizophrenia, Bipolar Disorder, Unipolar Depression, Dementia, Other Diseases
3) By Distribution Channel: Hospital Pharmacies, Drug Stores, Online Pharmacies
Subsegments:
1) By First Generation: Typical Antipsychotics, Phenothiazines, Butyrophenones, Thioxanthenes, Dibenzoxazepines
2) By Second Generation: Atypical Antipsychotics, Clozapine, Olanzapine, Risperidone, Quetiapine, Aripiprazole, Paliperidone, Lurasidone
3) By Third Generation: Partial Dopamine Agonists, Aripiprazole, Brexpiprazole, Cariprazine
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Which regions are key players in the growth of the antipsychotic drugs market?
North America was the largest region in the antipsychotic drugs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the antipsychotic drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the antipsychotic drugs market?
Major companies operating in the antipsychotic drugs market are Pfizer Inc., Johnson & Johnson Services Inc., Merck And Co. Inc., AbbVie Inc., Bristol-Myers Squibb Company, AstraZeneca PLC, GlaxoSmithKline PLC, Takeda Pharmaceutical Company Limited, Eli Lilly And Company, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Otsuka Pharmaceutical Co. Ltd., Aurobindo Pharma Ltd., Cipla Ltd., H. Lundbeck A/S, Dr. Reddy's Laboratories Ltd., Intas Pharmaceuticals Ltd., Apotex Inc., Lupin Limited, Glenmark Pharmaceuticals Ltd., Torrent Pharmaceuticals Ltd., Alkermes plc
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What Is Covered In The Antipsychotic Drugs Global Market Report?
•Market Size Forecast: Examine the antipsychotic drugs market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the antipsychotic drugs market for a structured understanding.
•Key Players Overview: Analyze major players in the antipsychotic drugs market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the antipsychotic drugs market.
•Segment Contributions: Evaluate how different segments drive overall growth in the antipsychotic drugs market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the antipsychotic drugs market.
•Industry Challenges: Identify potential risks and obstacles affecting the antipsychotic drugs market.
•Competitive Landscape: Review strategic developments in the antipsychotic drugs market, including expansions, agreements, and new product launches.
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