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Now Available Global Schizophrenia Treatment Market Forecast And Growth 2016-2026
SchizophreniaTreatment Market:Drivers and Restraints
The schizophrenia treatment market is primarily driven by increased prevalence of schizophrenic disorders due to change in lifestyle, extensive R&D, increase in incidence of various addictions such as alcohol, narcotics and others. Demand of sophisticated therapy by physicians and patients is also driving the schizophrenic treatment market to a great extent. On the contrary, huge cost of R&D and therapy, lack of medical infrastructure, and lack of awareness in certain regions of the world are some of the hurdles that are expected to restrict the growth of this market.
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SchizophreniaTreatment Market:Segmentation
Schizophrenia treatment market is segmented on the basis of product type, distribution channel and geography.
Based on product type, schizophrenia treatment market is segmented as follows:
Medications
Conventional or typical antipsychotic drugs
Atypical antipsychotic drugs
Therapies
Based on distribution channel, schizophrenia treatment market is segmented as follows:
Hospitals including hospital pharmacies
Clinics
Retail pharmacies
Rehabilitation Centers
SchizophreniaTreatment Market:Overview
According to WHO, there are around 24 million people suffering from either schizophrenia or similar symptoms. Moreover, due to strong R&D activities, newer drugs and treatments are being introduced in the market, such as ziprasidone hydrochloride. Medications are the cornerstone for the treatment of schizophrenia. However, medications may lead to side effects. Hence, medication with supportive services and therapies is a perfect combination to treat schizophrenia. Relationship problems, risk of attempting suicide, alcohol and drug abuse and consequently, disruption to normal daily activities has led to the growth of schizophrenia treatment market.
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SchizophreniaTreatment Market:Region-wise Outlook
The schizophrenia treatment market is also segmented on the basis of geography, such as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. The North American region is considered as the largest market, followed by Europe. However, Asia-Pacific region is considered as the most promising market in the upcoming future.
SchizophreniaTreatment Market: Key Players
Some of the top key players in schizophrenia treatment market include Novartis AG, AbbVie, Inc., PsychoGenics, Inc., Pfizer, Inc., Eli-Lilly and Company, Bristol-Myers Squibb Company, AstraZeneca Plc., Avineuro Pharmaceuticals, Inc. and Merz Pharmaceuticals GmbH.
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