Bipolar Disorder Therapeutics Market
Bipolar Disorder Therapeutics Market Analysis by Type (Antipsychotics Drugs, Anticonvulsants, Mood Stabilizers, Antidepressant Drugs, Anti-anxiety Drugs), by Region - Global Forecast 2022-2026
- Apr-2022
- List of Tables : 116
- List of Figures : 38
- 170 Pages
- Healthcare
Bipolar Disorder Therapeutics Market Outlook (2022-2026)
Demand for bipolar disorder therapeutic drugs is projected to increase at a CAGR of 3.1% from 2022 to 2026.
The global bipolar disorder therapeutics market will account for US$ 5.9 Bn in 2022, and is anticipated to reach a valuation of US$ 6.8 Bn by the end of 2026.
|
Report Attributes |
Details |
|
Bipolar Disorder Therapeutics Market Size (2022) |
US$ 5.9 Bn |
|
Projected Year Value (2026F) |
US$ 6.8 Bn |
|
Global Market Growth Rate (2022-2026) |
3.1% CAGR |
|
United States Market Share (2022) |
44.3% |
|
Key Companies Profiled |
|
Consumption of bipolar disorder medications in China is expected to account for a revenue of approximately US$ 514 Mn by the end of 2026.
Increasing prevalence of bipolar disorders and rising awareness regarding mental health are major trends that will driving demand for bipolar disorder therapeutics over the years to come.
Demand Analysis for Bipolar Disorder Therapeutics (2017-2021) in Comparison to Market Growth Forecasts (2022-2026)
The world has witnessed an increase in focus on mental health over the past few years and this has been majorly driven by increasing stress levels among the population across the globe.
Increasing awareness for bipolar disorders from government initiatives has majorly increased the demand for bipolar disorder medications and is expected to be a prominent trend over the forecast period.
High-stress environments and increasing incidence of substance abuse are major bipolar disorder causes. Rising public awareness about bipolar disorders, rapid advancements in therapeutics development, and increasing caseload of bipolar disorders are other factors that will influence bipolar disorder therapeutics consumption through 2026.
However, the side effects associated with the use of bipolar disorder therapeutic medications are anticipated to hinder market potential throughout the forecast period. From 2022 to 2026, demand for bipolar disorder therapeutics is projected to rise at a steady CAGR of 3.1%.
Interested to Procure The Data
What Will Majorly Influence Bipolar Disorder Therapeutics Market Size through 2026?
“Increasing Prevalence of Mental Health Disorders across Geographies”
Over the past few years, the incidence of mental health disorders across the world has substantially increased and is expected to rise further over the forecast period.
Early onset of mental illnesses in teenagers and rising public awareness for mental health are major factors that influence bipolar disorder treatment market potential.
Demand for ADHD therapeutics, autism therapeutics, and seasonal affective disorder therapeutics is also expected to rise throughout the forecast period.
Will Related Side Effects Constrain Consumption of Bipolar Disorder Therapeutic Drugs?
“Rising Awareness about Side Effects of Bipolar Disorder Therapeutic Medications Could Hinder Market Growth”
Side effects associated with the use of bipolar disorder therapeutic medications are anticipated to have a restraining effect on global market potential.
Rising awareness among the general population regarding ill effects associated with long-term use of bipolar disorder drugs and increasing patient preference for chemical-free bipolar disorder medication are factors that could slow down bipolar disorder therapeutics demand over the coming years.
What is the Regional Market Outlook for Bipolar Disorder Therapeutics?
“North America Accounts for Major Market Share”
The market for bipolar disorder therapeutics is projected to have a bright outlook in the region of North America owing to rising instances of bipolar disorders. This region is anticipated to hold a dominant market share over the forecast period.
Increasing awareness for bipolar disorders, the presence of advanced an healthcare system, rising incidence of bipolar disorders due to high-stress environments, and poor lifestyle habits are major factors that influence bipolar disorder therapeutics market growth through 2026. Increasing incidence of ADHD (Attention-deficit Hyperactivity Disorder) in this region will drive ADHD therapeutics demand.
Europe bipolar disorder therapeutics market is also anticipated to hold a significant market share owing to rising awareness for mental health and supportive government initiatives to boost the same. Consumption of bipolar disorder therapeutics equipment in Germany is anticipated to evolve at a CAGR of 2.6% throughout the forecast period.
Increasing prevalence of mental disorders in regions of South Asia and East Asia is expected to provide lucrative opportunities for bipolar disorder therapeutics device providers across the forecast period. The bipolar disorder therapeutics market in China is estimated to attain a net value of US$ 514 Mn by 2026.
India and China are projected to emerge as highly rewarding markets in these regions as awareness of bipolar disorders increases through 2026. Rising instances of autism in the aforementioned region are expected to propel the demand for autism therapeutics.
Country-wise Insights
How Lucrative is the U.S. Bipolar Disorder Therapeutics Market?
“High Incidence of Bipolar Disorders to Market Potential in U.S.”
The U.S. bipolar disorder therapeutics market currently accounts for 44.3% of the global bipolar disorder therapeutics industry landscape.
Increasing prevalence of bipolar disorders and rising awareness of mental health are two major trends that will drive bipolar disorder therapeutics market growth through 2026.
Currently, the bipolar disorder therapeutics market in the U.S. holds a net worth of US$ 2.6 Bn.
Category-wise Insights
Will Sales of Mood Stabilizers Increase through 2026?
“Increasing Maniac Episodes & Prevalence of Depression to Drive Demand”
Mania and depression due to mental disorders is a common phenomenon and is often signified by mood swings and sudden mood changes. In order to control these and restore neurochemical balance, mood stabilizers are used and since episodes of depression and mania are on the rise these are anticipated to see high demand.
China, the United States, Canada, and Japan are projected to account for major demand for mood stabilizers through 2026.
How Did the Bipolar Disorder Therapeutics Market Perform in 2020-2021?
The bipolar disorder therapeutics market saw a shift in trends as the sudden emergence of COVID-19 put the world in a state of shock. Lockdown restrictions were imposed across multiple nations as an effort to curb the spread of infections and this led to major changes in the world economy and affected various markets in different ways.
With a pandemic situation prevalent on a global scale and most of the world restricted from outdoor activity, a substantial change in mental health was observed under these challenging conditions. Although the demand for bipolar disorder medication was high in 2020, the market did not grow at its full potential owing to an increased focus on coronavirus infection control.
Allotment of major healthcare resources for pandemic led to a decreased focus on other health conditions and hence had a negative impact on the bipolar disorder therapeutics market growth. Consumption of bipolar disorder therapeutic drugs is expected to rise at a slow CAGR in the post-pandemic era owing to rising demand from the increasing caseload of mental health disorders.
An Adaptive Approach to Modern-day Research Needs
Competitive Landscape:
Bipolar disorder treatment providers are investing in the research and development of novel therapeutics to expand their market presence across various regions. Bipolar disorder drug manufacturers are also pushing their offerings to get approvals from regulatory authorities.
- In April 2022, Intra-Cellular Therapies, a leading biopharmaceutical organization known for its therapeutics, announced that it had obtained approval for the new dosage strength of CAPLYTA. This drug has proved its efficiency in the treatment of bipolar disorders and will now be available in strengths of 10.5 mg and 21 mg capsules.
Key Segments Covered in Bipolar Disorder Therapeutics Industry Research
-
Bipolar Disorder Therapeutics Market by Type:
- Antipsychotics Drugs
- Anticonvulsants
- Mood Stabilizers
- Antidepressant Drugs
- Anti-anxiety Drugs
-
Bipolar Disorder Therapeutics Market by Region:
- North America Bipolar Disorder Therapeutics Market
- Latin America Bipolar Disorder Therapeutics Market
- Europe Bipolar Disorder Therapeutics Market
- East Asia Bipolar Disorder Therapeutics Market
- South Asia & Oceania Bipolar Disorder Therapeutics Market
- Mea Bipolar Disorder Therapeutics Market
- FAQs -
- Related Reports -
Microwave Imaging Market
Microwave Imaging Market research report covers detailed information on Global Microwave Imaging Mar...
Downhole Equipment Market
Sales of downhole equipment is expected to grow at a CAGR of 4.8% over 2021 to 2031. Constant increa...
Ready Meal Trays Market
Ready Meal Trays Market research report Segmented By Type (Portioned Trays, Perforated Trays), By Ca...
Injectable Drug Packaging Market
Injectable Drug Packaging Market to grow at a CAGR of ~11.2-11.8% by 2031. Rising Pharmaceutical pac...
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.