Global Bipolar Disorder Therapeutics market segments 2024, Forecast To 2033

25 Jan, 2024

The bipolar disorder therapeutics market has demonstrated robust growth, increasing from $7.09 billion in 2023 to $7.53 billion in 2024, with a CAGR of 6.2%. This growth in the historic period is attributed to the rise in medical research and developments, increased healthcare expenditure, the prevalence of mental health disorders, and a rise in patient advocacy. Looking forward, the market is anticipated to witness strong growth, reaching $9.46 billion in 2028, with a CAGR of 5.9%. Factors contributing to this growth include the increasing prevalence of bipolar disorder, government initiatives, the expansion of healthcare infrastructure, and the growing adoption of a sedentary lifestyle. Major trends in the forecast period include personalized treatment approaches, digital health integration, innovative medications, preventive interventions, and the use of neuroimaging and biomarkers.

Global Bipolar Disorder Therapeutics Market Key Driver

The bipolar disorder therapeutics market is on the rise, propelled by the increasing prevalence of bipolar disorder. In 2021, the Depression and Bipolar Support Alliance reported 5.7 million adult Americans affected by bipolar disorder. This escalating prevalence is expected to sustain market growth in 2023, 2024, and 2028.

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Global Bipolar Disorder Therapeutics Market Segments

The global bipolar disorder therapeutics market covered in this report is segmented –
1) By Drug Class: Mood Stabilizers, Antipsychotic Drugs, Antidepressant Drugs, Other Drugs
2) By Mechanism: Selective Serotonin Reuptake Inhibitors, Serotonin-norepinephrine Reuptake Inhibitors, Tricyclic Antidepressants, Monoamine Oxidase Inhibitors, Benzodiazepines, Beta-Blockers, Other Mechanisms
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
By Geography: The regions covered in the Bipolar Disorder Therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.

Major Bipolar Disorder Therapeutics Industry Players

AbbVie Inc., Pfizer Inc., Astellas Pharma Inc, AstraZeneca PLC, Bristol-Myers Squibb, GlaxoSmithKline PLC, Januaryssen Pharmaceuticals, Novartis AG, Otsuka Pharmaceutical Co. Ltd., Validus Pharmaceuticals, Eli Lilly and Company, Gedeon Richter PLC., Sumitomo Pharma Co. Ltd, H. Lundbeck A/S, Janssen Pharmaceuticals, Sanofi S.A., Lundbeck A/S, Allergan plc, Takeda Pharmaceutical Company Limited, Sunovion Pharmaceuticals Inc., Alkermes plc, Mylan N.V., Teva Pharmaceutical Industries Ltd., Johnson & Johnson, Celon Pharma SA, NeuroRx Inc., IntraCellular Therapies Inc., Sumitomo Pharma Co. Ltd., Vanda Pharmaceuticals Inc., Sage Therapeutics Inc.

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Bipolar Disorder Therapeutics Market Overview

Bipolar disorder therapeutics refer to medication, including mood stabilizers, antidepressants, antipsychotics, and psychological counseling, to control symptoms. The bipolar disorder therapeutic is used in the treatment and management of bipolar disorders.

Bipolar Disorder Therapeutics Global Market Report 2023 provides data on the global bipolar disorder therapeutics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The bipolar disorder therapeutics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.