Global Schizophrenia Drugs Market: Size, Trends & Forecast (2018-2022)
- Report Description Table of Contents
Scope of the Report
The report entitled “Global Schizophrenia Drugs Market: Size, Trends & Forecast (2018-2022)”, provides an in-depth analysis of the global biologics market with description of market sizing and growth. The analysis includes market by value, and market by region. A detailed product analysis of schizophrenia drugs is also provided in the report.
The report includes a brief regional/country analysis of the US, European Union and Japan with their actual and forecasted market size. The U.S. has the largest stake in the global schizophrenia market over the years and is expected to maintain its position in the upcoming years also. Among the Asian countries, Japan is the largest market and has the potential to grow steadily over the forecasted period.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global schizophrenia drugs market has also been forecasted for the years 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global schizophrenia drugs market is dominated by major players. Eli Lilly & Company, Otsuka Holdings Co., Ltd., Johnson & Johnson, and Alkermes plc are some of the key players operating in the global market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the respective companies are provided.
- Eli Lilly & Company
- Otsuka Holdings Co., Ltd.
- Johnson & Johnson
- Alkermes plc
Schizophrenia is considered as one of the severe mental disorder that hinders the person’s capacity to think clearly, decision-making, inability to handle emotions etc. It is highly complex in nature as it cannot be easily determined and considered as a long-term illness. Schizophrenia can affect in any phase of life but mostly found in person aged between 20-40 years.
The global schizophrenia drugs market has shown rising trends over the past few years and anticipations are made that the market would grow at a steady pace in the next four years i.e. 2018 to 2022, particularly due to increasing prevalence of schizophrenia globally. The global schizophrenia market is supported by various growth drivers such as increasing number of patients seeking treatment, rising healthcare expenditure, improvement in healthcare infrastructure etc.
Yet the market growth is restrained by some challenges like side-effects associated with drugs, major expiration of patented drugs, and social stigma of mental health conditions. In the coming years, the market would be primarily driven by technological advancements, new products launch, increasing utilization of long-acting injectable antipsychotics.