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Global Schizophrenia and Associated Indications Therapeutics Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Schizophrenia is a chronic mental disorder, described by poor emotional reactions, interruption in thinking and lack of social and physical enthusiasm. The indications of schizophrenia can be categories into three types: positive, negative, and cognitive.
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Positive symptoms includes hallucinations, delusions and thought disorders, negative symptoms includes reduced feelings of pleasure in everyday life, difficulty beginning and sustaining activities and reduced speaking. Cognitive symptoms includes problems with working memory and trouble in focusing or paying attention. In addition, deterioration of personal hygiene, over sleeping or restlessness, suspiciousness and depression are some other symptoms of the disease.
Schizophrenia is caused due to genetic malignancies, environment, neurotrauma, drug and alcohol abuse, genes and imbalance in complex chemical reactions of the brain and many others. People with this disease have imbalance in neurotransmitters, such as serotonin and dopamine, which allows nerve cells to send message to each other. Improved diagnostic tools, the advent of atypical antipsychotic medications and the development of phase-specific psychosocial treatments have made intervention research in people at ultra-high risk for developing schizophrenia or a related psychotic disorder possible. Antipsychotic medication has been established as a standard of care for persons diagnosed with a psychotic disorder.
The causes of schizophrenia are still unknown, treatments focus on eliminating the symptoms of the disease. The treatments includes: antipsychotics, psychosocial treatments, coordinated specialty care. Antipsychotic medications work as antagonists at dopamine receptors and provide support for the hypothesis that psychotic symptoms are in part due to dysregulated dopaminergic transmission. The pipeline for schizophrenia is small, particularly given the large patient population, it also has low levels of innovation in comparison to other psychiatric indications in the pharmaceutical industry. However, the overall level of innovation in the pipeline for schizophrenia-related indications (which includes depression, panic disorders, obsessive compulsive disorder, post-traumatic stress disorder and cognitive deficit) is higher, with these related products having the potential to provide some benefit to patients with schizophrenia. Based on distribution channel the schizophrenia and associated indications therapeutics market can be categorized into hospitals, clinics, retail pharmacies and rehabilitation centers.
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The factors driving the growth of the global schizophrenia therapeutics market are increased government funding, change in life style and increasing healthcare expenditure and large pool of patients, increasing healthcare awareness. The chances of relapse of schizophrenia can be reduced by proper management of schizophrenia. The use of schizophrenia therapeutics has increased in the recent times due to increasing mental disorders. Some of the drugs prescribed for the treatment of the schizophrenia are clozapine, ziprasidone, risperidone, lurasidone and paliperidone.
Geographically, the schizophrenia and associated indications therapeutics market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America was observed to be the largest schizophrenia and associated indications therapeutics market due to increasing mental disorders. According to National Institute of Mental Health, in U.S. the prevalence rate for schizophrenia is approximately 2.4 million American adults or 1.1% of the population. In Europe, the unmet needs, impact on caregivers, quality of life, satisfaction with services are the driver expected to drive the growth of the market. Asia-Pacific is considered as the one of the potential market due to increasing healthcare expenditure, large pool of patients. China and India are expected to be the fastest growing schizophrenia therapeutics markets in Asia-Pacific region.
The major players operating in this market include Novartis Pharmaceuticals, Inc., Eli Lilly and Company, Actavis UK Ltd., Sandoz Canada Inc., AstraZeneca Plc., Johnson & Johnson, Pfizer, Inc., Bristol-Myers Squibb among other significant players worldwide.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
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The study is a source of reliable data on:
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
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TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
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