Schizophrenia Drugs Market Is Expected to Reach $12.53 Billion by 2031

According to the report published by Allied Market Research, the global schizophrenia drugs market generated $7.16 billion in 2021 and is estimated to hit $12.53 billion by 2031, registering a CAGR of 5.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

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COVID-19 Impact Analysis (Pre & Post) -

• There were delays in product approvals and launches which further restricted the expansion of the market. Furthermore, most of the clinical trials were postponed to avoid spread of infections, thus slowing down the drug development process.

• However, the pandemic led to the increase in mental health problems worldwide and the healthcare sector has been restructured to provide safer healthcare facilities. Hence, the schizophrenia drugs market is anticipated to grow in the coming years.

The report presents a comprehensive breakdown of the global schizophrenia drugs market, categorizing it by treatment, distribution channel, therapeutic class, and region. Through detailed tables and figures, the analysis provides valuable insights for market players, investors, and new entrants to identify high-growth sub-segments.
In terms of treatment, the oral segment held nearly three-fourths of the global market share in 2021 and is projected to maintain its leading position throughout the forecast period. Meanwhile, the injectable segment is anticipated to register the highest CAGR of 6.2% by 2031.

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Important Key Market Players Are -

• GlaxoSmithKline,
• Merck KGAA,
• Eli Lilly,
• Bristol Myers Squibb,
• Reliance,
• AstraZeneca,
• Takeda Pharmaceuticals,
• Alkermes,
• Minerva Neurosciences,
• Novartis AG,
• Johnson & Johnson,
• Pfizer Inc.,
• Vanda Pharmaceuticals,
• Sumitomo Dainippon,
• AbbVie

Based on distribution channel, the retail pharmacies segment contributed to nearly half of the total schizophrenia drugs market in 2021, and is expected to rule the roost by 2031. The online pharmacies segment, on the other hand, would grow at the highest CAGR of 7.5% by 2031.

Based on therapeutic class, the second-generation segment contributed to nearly three-fourths of the total schizophrenia drugs market in 2021, and would lead the trail through the forecasted timeframe. However, the third-generation segment would grow at the fastest CAGR of 6.2% from 2022 to 2031.

Key Findings of The Study -

• On the basis of therapeutic class, the second-generation segment was the highest contributor to the market in 2021.
• Based on treatment, the oral segment was the highest contributor to the market in 2021.
• Depending on distribution channel, the retail pharmacy segment was the highest contributor to the market in 2021.

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Geographic Segments Covered in the Report -

The Schizophrenia Drugs Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (USA and Canada)

• Europe (UK, Germany, France and the rest of Europe)

• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)

• Latin America (Brazil, Mexico, and the rest of Latin America)

• Middle East and Africa (GCC and rest of the Middle East and Africa)

Frequently Asked Questions?

Q1. What are the key trends in the Schizophrenia Drugs market report?

Q2. What are the market values / growth % of emerging countries?

Q3. Which is the largest regional market for Schizophrenia Drugs?

Q4. Which are the top companies to hold the market share in Schizophrenia Drugs?

Q5. What is the market value of Schizophrenia Drugs market in 2022?

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