Bipolar Disorder Therapeutics Market Trends

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

Bipolar Disorder Therapeutics Market Trends

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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Browse Key Market Insights with Data Illustration:


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.
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