Product ID: SQSG35I2011
Global Schizophrenia Drugs Market Size, Share, Growth Analysis, By Therapeutic Class(Second Generation, Third Generation), By Treatment(Oral, Injectable), By Distribution channel(Hospital Pharmacies, Retail Pharmacies) - Industry Forecast 2024-2031
Report ID:
SQSG35I2011 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
90 |
Figures:
76
Global Schizophrenia Drugs Market Insights
Global Schizophrenia Drugs Market size was valued at USD 7.16 billion in 2019 and is poised to grow from USD 7.58 billion in 2023 to USD 12.58 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
Significant suffering and impairment in essential facets of one's life, including those related to the self, the family, the community, education, employment, and others, are typical symptoms of schizophrenia.
Schizophrenia patients have a two to three times higher risk of dying young than the general population. Physical ailments like the cardiovascular, metabolic, and frequent occurrence of infectious diseases. Schizophrenia affects approximately 24 million people or 1 in 300 people (0.32%) worldwide. This rate is 1 in 222 people (0.45%) among adults (2). It is not as common as many other mental disorders. Schizophrenia is diagnosed 1.4 times more frequently in males than females, as the onset is earlier in men. The peak age of onset is 20–28 years for males and 25–32 years for females.
India and China are starting to present opportunities for market growth. The main driving forces for market expansion in these two countries are elements like advantageous healthcare reforms, a rising aging population, improved health awareness, and a low-cost basis., thereby supporting the growth of the market in the Asia Pacific region. While the lack of awareness in underdeveloped countries is the limiting factor to the growth of the market.
US Schizophrenia Drugs Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Schizophrenia Drugs Market Report Snapshots
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