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Bipolar Disorder Therapeutics Market to total US$ 6.8 Billion by 2026, Expanding at a 3.1% CAGR- Fact.MR Study
Bipolar Disorder Therapeutics Market
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What Will Have a Significant Impact on Bipolar Disorder Therapeutics Market Size until 2026?
"Rising Prevalence of Mental Health Disorders Geographically"
In the last few years, the prevalence of mental health disorders globally has increased significantly and is anticipated to increase even more during the forecast period.
Early onset of mental diseases among adolescents and growing public awareness regarding mental health are key drivers that impact bipolar disorder treatment market potential.
Adrenaline and stress therapeutics demand, including ADHD therapeutics, autism therapeutics, and seasonal affective disorder therapeutics, is also anticipated to increase during the forecast period.
Will Side Effects Related to Bipolar Disorder Therapeutic Drugs Restrict Consumption?
"Increasing Awareness Regarding Side Effects of Bipolar Disorder Therapeutic Medications Will Impede Market Growth"
Side effects related to the consumption of bipolar disorder therapeutic medications are expected to have a restricting influence on worldwide market potential.
Growing awareness among the masses about ill effects related to long-term use of bipolar disorder medication and growing patient interest in chemical-free bipolar disorder treatment are some of the factors that can decelerate bipolar disorder therapeutics demand in the next few years.
What is the Regional Market Outlook for Bipolar Disorder Therapeutics?
"North America Accounts for Major Market Share"
The therapeutics market for bipolar disorder is expected to have a good future in the region of North America due to increasing cases of bipolar disorders. This region is expected to retain a commanding market share during the forecast period.
Growing awareness for bipolar disorders, availability of sophisticated an healthcare system, increasing prevalence of bipolar disorders owing to high-stress environments, and unhealthy lifestyle are key drivers that impact bipolar disorder therapeutics market growth up to 2026. Growing prevalence of ADHD (Attention-deficit Hyperactivity Disorder) in this region will fuel ADHD therapeutics demand.
Country-wise Insights
The U.S. market for bipolar disorder therapeutics is currently at 44.3% of the worldwide bipolar disorder therapeutics industry scenario.
Growing prevalence of bipolar disorders and increasing mental health awareness are two key trends driving bipolar disorder therapeutics market growth until 2026.
Today, the bipolar disorder therapeutics market in the U.S. is worth a net value of US$ 2.6 Bn.
Category-wise Insights
Mania and depression caused by mental disorders is a prevalent condition and is usually indicated by mood changes and abrupt changes in mood. To manage these and restore balance of neurochemistry, mood stabilizers are administered and as the episodes of depression and mania are increasing these are expected to be in demand.
China, the US, Canada, and Japan are expected to contribute significant demand for mood stabilizers until 2026.
Competitive Landscape:
Providers of bipolar disorder treatment are making investments in research and development of new therapeutics to enhance their market share in different regions. Manufacturers of bipolar disorder drugs are also promoting their products to obtain approvals from regulatory bodies.
Intra-Cellular Therapies, a top biopharmaceutical company recognized for its therapeutics, made the announcement in April 2022 that it had received approval for the new dosage strength of CAPLYTA. The medication has established its efficacy in bipolar disorders and is now available in strengths of 10.5 mg and 21 mg capsules.
Browse Full Report: https://www.factmr.com/report/bipolar-disorder-therapeutics-market
Key Segments Covered in Bipolar Disorder Therapeutics Industry Research
By Type:
Antipsychotics Drugs
Anticonvulsants
Mood Stabilizers
Antidepressant Drugs
Anti-anxiety Drugs
By Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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