1. What is the projected Compound Annual Growth Rate (CAGR) of the Antipsychotic Drugs Market?
The projected CAGR is approximately 6.0%.
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Antipsychotic Drugs MarketAntipsychotic Drugs Market by Disease (Schizophrenia, Bipolar Disorder, Unipolar Depression, Dementia, Others), by Drug (Risperidone, Quetiapine, Olanzapine, Aripiprazole, Brexpiprazole, Paliperidone Palmitate, Others), by Therapeutic Class (First Generation, Second Generation, Third Generation), by Distribution Channel (Hospital Pharmacies, Drug Stores & Retail Pharmacies, Online Pharmacies), by North America (U.S., Canada), by Europe (Germany, U.K., France, Italy, Spain, Scandinavia, Rest of Europe), by Asia Pacific (China, Japan, India, Australia, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa) Forecast 2026-2034
The Antipsychotic Drugs Market size was valued at USD 15.47 USD billion in 2023 and is projected to reach USD 23.26 USD billion by 2032, exhibiting a CAGR of 6.0 % during the forecast period. Antipsychotic medication is a kind of drug which is mainly used for the treatment of psychotic diseases for example schizophrenia and bipolar disorder. These medications function by preventing dopamine receptors in the brain from binding, thereby relieving such symptoms as hallucinations, delusions, and disorganized thinking. Conventional (first-generation) antipsychotics may be especially prone to causing more movement-related side effects than newer second-generation antipsychotics typically. Actions with antipsychotics have three benefits, such as relief of symptoms, normalized functioning, and social adaptation for patients. Nevertheless, they might have side effects like weight gain, sleepiness, and metabolic changes whereas these should be monitored to prevent problems during their extended use. For a single person, the efficiency of the drug can vary, making personalized treatment programs and regular screenings essential. Psychosocial interventions like therapy and social support are very complementary to the use of antipsychotics. They together form an all-embracing approach for maintaining mental health. Physicians make a tradeoff between alleviating symptoms and the risks involved with treatment, looking for the best results and the least possible side effects at the same time. Antipsychotics have evolved to be significant weapons in the treatment of psychotic disorders that help in maintaining stability and better living conditions for patients.
By Disease:
By Drug:
By Therapeutic Class:
By Distribution Channel:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 6.0% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 6.0%.
Key companies in the market include H. Lundbeck A/S (Denmark), Otsuka Pharmaceutical Co., Ltd. (Japan), Janssen Pharmaceuticals, Inc. (Johnson & Johnson) (Belgium), Eli Lilly and Company (U.S.), ALLERGAN (AbbVie, Inc.) (U.S.), Teva Pharmaceutical Industries Ltd. (Israel), Dr. Reddy’s Laboratories Ltd. (India), Sumitomo Dainippon Pharma Co., Ltd. (Japan), Alkermes plc (Ireland), Bristol-Myers Squibb Company (U.S.).
The market segments include Disease, Drug, Therapeutic Class, Distribution Channel.
The market size is estimated to be USD 15.47 USD billion as of 2022.
Increased Prevalence of Mental Health Disorders to Surge Market Growth.
Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.
Side Effects Attributed to Antipsychotic Drugs to Deter Greater Market Adoption.
Approval of new antipsychotic drugs, such as brexpiprazole and cariprazine, in recent years. Acquisition of Allergan by AbbVie in 2020, expanding its portfolio of antipsychotic drugs. Strategic partnerships between pharmaceutical companies to develop and market antipsychotic drugs.
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