Bipolar Disorder Therapeutics Market Size & Share, by Drug Type (Mood Stabilizers, Antipsychotics Drugs, Antidepressant Drugs) and By Mechanism of Action (Selective Serotonin Reuptake Inhibitors, Serotonin-norepinephrine Reuptake Inhibitors, Tricyclic Antidepressants, Monoamine Oxidase Inhibitors, Benzodiazepines and Beta-Blockers) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 2653
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


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Bipolar Disorder Therapeutics Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Prevalence Of Mental Health Disorders (MHDs) Across The Globe
    According to the Centers for Disease Control and Prevention, most of the MHDs coexist with other diseases such as cardiovascular disease, diabetes, or obesity. In 2017, in the US, depression affected almost 10% of the young population, and 4% of the population lived with serious mental illnesses such as schizophrenia, bipolar disorder, and major depression. An increment of these MHDs is estimated to act as an important role in the bipolar disorder therapeutics market.
  • Rising Awareness About The Bipolar Disorder
    A rise in patient awareness, healthcare awareness, and an increase in investment in research and developments, are some factors that are expected to drive the market over the forecast period.

Challenges

  • Long Term Side Effects
    Bipolar disorder medication can have long-term side-effects such as tremors, muscle spasms, involuntary movements, dry mouth, sore throat, weight gain, increased glucose and lipid levels in the blood and sedation can impede the growth of the bipolar disorder therapeutics market.

Bipolar Disorder Therapeutics Market: Key Insights

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

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Bipolar Disorder Therapeutics Segmentation

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

  • Mood Stabilizers
  • Antipsychotics Drugs
  • Antidepressant Drugs

By Mechanism of Action

  • Selective Serotonin Reuptake Inhibitors
  • Serotonin-norepinephrine Reuptake Inhibitors
  • Tricyclic Antidepressants
  • Monoamine Oxidase Inhibitors
  • Benzodiazepines
  • Beta-Blockers

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Bipolar Disorder Therapeutics Industry - Regional Synopsis

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.

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Companies Dominating the Bipolar Disorder Therapeutics Landscape

    • Pfizer Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • AstraZeneca
    • Novartis AG
    • Eli Lilly
    • Johnson & Johnson
    • Sanofi
    • GlaxoSmithKline
    • Janssen Pharmaceuticals
    • Allergan
    • Astellas Pharma

Author Credits:  Radhika Pawar


  • Report ID: 2653
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of bipolar disorder therapeutics is evaluated at USD 6.12 billion.

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.

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 major players in the market are Pfizer Inc., AstraZeneca, Novartis AG, Eli Lilly, Johnson & Johnson, Sanofi, GlaxoSmithKline, Janssen Pharmaceuticals, Allergan, Astellas Pharma, and others.
Bipolar Disorder Therapeutics Market Report Scope
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