Bipolar Disorder Therapeutics Market size was over USD 5.97 billion in 2023 and is poised to exceed USD 8.99 billion by 2036, growing at over 3.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of bipolar disorder therapeutics is evaluated at USD 6.12 billion.
Rising of bipolar disorder, high unmet medical needs, technological advancement, and government initiatives are expected to drive the market over the forecast period. A significant number of people suffering from this mental condition resort to drinking to lift their mood. According to the National Institute on Alcohol Abuse and Alcoholism, 27.6% of the people with bipolar disorder become addicted to alcohol, while over 16% engaged in alcohol abuse. Factors such as an increment in investment in research and development and collaboration activities between companies are estimated to propel the growth of bipolardisorder therapeutics market. On the other hand, advancements related to combination therapies of drugs provide lucrative opportunities for market growth in the near future.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
3.2% |
Base Year Market Size (2023) |
USD 5.97 billion |
Forecast Year Market Size (2036) |
USD 8.99 billion |
Regional Scope |
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The market is segmented by drug type and by the mechanism of action. The antipsychotics sector of the drug type segment is anticipated to hold leading shares in the bipolar disorder therapeutics market on account of its suitability with SSRI as part of combination therapy, and demonstrating good results causing a significant number of physicians to opt for antipsychotics. On the contrary, Anticonvulsants constituted a moderate share in the market by serving as effective depression mood stabilizer by alleviating the depressive symptoms of bipolar disorder without precipitating mania, and by overcoming the limitations faced by traditional antidepressants as they stabilize the mood without triggering mania or causing episode acceleration.
Our in-depth analysis of the global market includes the following segments
By Drug Type |
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By Mechanism of Action |
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Based on regions, the bipolar disorder therapeutics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America industry is expected to account for largest revenue share by 2036, on account of new product innovation, increased awareness among people about the bipolar disease, and a rise in the prevalence of bipolar disorders. The bipolar disorder therapeutics market in the Asia Pacific is expected to witness a higher growth rate owing to an increase in investment in research & development, growing awareness among people, rise in investment by pharmaceutical companies, and availability of skilled manpower for product manufacturing.
Author Credits: Radhika Pawar
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