Schizophrenia Treatment is estimated to reach a market revenue of more than US$ 2600 Mn by the end of 2027

Schizophrenia Treatment Market 2022

Conventionally, medicines and therapeutics have been all cast in the same mould. However, with modern-day technology (inclusive of AI, genomics, and digital twins), a more customized approach would be taken in the near future, thereby resulting in the treatments that could percolate down under (individual level). AI and modelling software’s are used for predicting proper dosage of the painkillers, inclusive of synthetic opiates such as fentanyl (especially for individual patients). The Schizophrenia Treatment Market is bound to grow along these lines in the near future.

According to Persistence Market Research, the global schizophrenia treatment market was valued at about US$ 1550 Mn in 2017 and is estimated to reach a market revenue of more than US$ 2600 Mn by the end of the year of assessment (2027). The global market for schizophrenia treatment is projected to expand at a high value CAGR of 5.6% throughout the period of assessment, 2017-2027.

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Several factors impacting the growth of the schizophrenia treatment market has been covered in an extensive research report titled “Schizophrenia Treatment Market: Global Industry Analysis (2012-2016) and Forecast (2017-2027)”.

Persistence Market Research has presented all the facets of the market in a systematic manner outlining various opportunities, trends, key developments, key market players and growth influencing aspects. The research report presents a forecast analysis for a period of 10 years, starting from 2017 till 2027 along with historical data.

Company Profiles

• Johnson & Johnson Services, Inc.
• Bristol-Myers Squibb Company
• Otsuka Holdings Co., Ltd
• AstraZeneca
• Sumitomo Dainippon Pharma Co., Ltd.
• Eli Lilly and Company
• Alkermes
• Vanda Pharmaceuticals
• ALLERGAN
• Pfizer Inc.

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Manufacturers Focusing on Emerging Markets

Big pharmaceutical players are focusing on emerging markets owing to stagnation in developed markets. Changing disease patterns, lifestyle changes, improved healthcare access and increasing demand for superior quality healthcare services have contributed to the lucrativeness of emerging, markets.

With respect to schizophrenia treatment, the rate of schizophrenia disorder in several countries in developing regions is increasing at a high scale. Governments in this region have taken initiatives to deal with the growing suicidal situation caused due to schizophrenia.

This has presented lucrative opportunities for players involved in the treatment of schizophrenia to offer advanced treatment and therapies to treat schizophrenia in emerging economies. Emerging economies such as India, China, Australia and New Zealand are expected to showcase high adoption of schizophrenia medications. However, manufacturers face challenges tapping emerging economies.

Challenges such as local competition, healthcare infrastructure and lack of established regulatory policies are posing entry barriers to global manufacturers.

Innovative Product Launches to Contribute to the Growth of the Global Schizophrenia Treatment Market

Antipsychotic drugs used in treatment of schizophrenia also have undesirable effects. This can have an impact on their usage, thus resulting in non-adherence to antipsychotic drugs for schizophrenia treatment. However, introduction of advanced medications that require less frequent dosing such as long acting antipsychotic injections are enhancing the quality of schizophrenia treatment. Several long acting injectable dosage forms have gained high acceptance owing to reduced patient burden. This has fuelled the growth of the global market for schizophrenia treatments.

Global Schizophrenia Treatment Market: Segmentation Highlights

The global market for schizophrenia treatment is segmented on the basis of product type, distribution channel and region.

In the end user category, the hospital pharmacies segment is the largest with a high market share and value. The segment lead the global market in 2017 and is expected to continue with tis dominating streak in the years to follow. Drug stores segment is the second largest with an estimate of around US$ 441.5 Mn in 2017. In addition, the e-commerce segment is projected to expand at the highest CAGR during the forecast period.

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By region, Asia Pacific excluding Japan is poised to showcase high growth potential for schizophrenia treatment market. The rate of adoption of schizophrenia treatments in this region is poised to expand at a high pace during the forecast period. North America leads the global schizophrenia treatment market.

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