Global Bipolar Disorder Market

Global Bipolar Disorder Market Size, Share, Growth Analysis, By Drug Class(Mood Stabilizers, Anticonvulsants), By Type(Bipolar I Disorder, Bipolar II Disorder) - Industry Forecast 2024-2031

Report ID: SQMIG35I2095 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 67 | Figures: 75

Global Bipolar Disorder Market News

  • In January 2022, the U.S. Food and Drug Administration (FDA) approved an expanded indication for the antipsychotic Caplyta (lumateperone) for the treatment of bipolar I and II depression in adults. Caplyta, marketed by Intra-Cellular Therapies Inc., was already approved for the treatment of schizophrenia in adults.

     

  • In June 2021, Through the multi-stage ENLIGHTEN clinical trials, the Food and Drug Administration (FDA) approved Lybalvi® (olanzapine/samidorphan) for a number of indications, including the treatment of adults with schizophrenia and/or bipolar I disorder (acute manic episodes or acute episodes with mixed features). Olanzapine/safety samidorphan's and effectiveness were examined over studies lasting 4 weeks, 24 weeks, and 52 weeks, respectively. The secondary analysis further assessed the metabolic consequences.

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Bipolar Disorder Market size was valued at USD 5.25 billion in 2019 and is poised to grow from USD 5.36 billion in 2023 to USD 6.4 billion by 2031, growing at a CAGR of 2.00% in the forecast period (2024-2031).

Global bipolar disorder market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'Allergan (Ireland)', 'AstraZeneca plc', 'Bristol Myers Squibb Company', 'Eli Lilly and Company', 'GlaxoSmithKline plc', 'H. Lundbeck A/S', 'Janssen Pharmaceuticals Inc. (a subsidiary of Johnson & Johnson)', 'Otsuka Holdings Co. Ltd.', 'Pfizer Inc.', 'Sunovion Pharmaceuticals Inc.', 'Teva Pharmaceutical Industries Ltd.', 'Takeda Pharmaceutical Company Limited', 'Abbott Laboratories', 'Novartis International AG', 'Alkermes plc', 'AbbVie Inc.', 'Merck & Co. Inc.', 'Mylan N.V.', 'Neurocrine Biosciences Inc.', 'Vanda Pharmaceuticals Inc.'

The market for treating bipolar illness is anticipated to rise over the forecast period as key players concentrate on expanding their product portfolio through an increase in the launches and approvals of new pharmaceuticals for the condition. For instance, in May 2019, the U.S. Food and Drug Administration (FDA) approved Allergan plc and Gedeon Richter plc's supplemental new drug application (sNDA) for VRAYLAR (cariprazine), an oral, once-daily atypical antipsychotic drug for the expanded use and treatment of depressive episodes related to bipolar I disorder (bipolar depression) in adults.

Rising cases of mental illness: As non-ambiguous cases of illness have been increasingly prevalent in the population, bipolar disorder in children and adolescents has become a common diagnosis.

Geographically, North America is anticipated to dominate the global bipolar disorder market due to the region's high levels of stress and widespread substance misuse problems. Various government programmes and efforts meant to increase awareness fuel the rise of the market in Europe and North America. The North America region demonstrated its dominance by accounting for over 50% of the global market for bipolar disorder in 2019 and anticipated for the forecast period. The market demand is significantly rising due to the Y-O-Y increase in the prevalence of bipolar disorder in this region. The prevalence of bipolar disorder is rising in the North America, which is driving the regional market. A sizeable portion of the population in this region has high levels of stress and sleep problems.

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Global Bipolar Disorder Market

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