A chronic brain disease called schizophrenia impairs a person's capacity for thought, emotion, and behaviour. The patient may exhibit severely disturbed thinking and behaviour, as well as symptoms like delusions and hallucinations. The schizophrenia drugs market expansion is being driven by growing consumer awareness of mental health.
North America holds a significant market share for this market. According to health reports, approximately 3.7 million Americans, or 1.8% of the adult population between the ages of 18 and 65, experienced schizophrenia spectrum illnesses at some point in their lives. New drug launches and increased R&D for improvements in anti-psychotic medications contribute to the market's expansion of schizophrenia pharmaceuticals in the region.
Continuous research and development support the growth of the market for schizophrenia drug. In January 2024, Arkemas PLC (NASDAQ: ALKS) announced topline findings from a phase 3 open-label extension study. The study evaluated the long-term safety, tolerability, and durability of the treatment effect of LYBALVI® (olanzapine and samidorphan) in patients treated for schizophrenia, schizophreniform disorder, or bipolar I disorder for a maximum of four years after receiving treatment in earlier LYBALVI studies.
In the United States, LYBALVI is licenced for the treatment of adult bipolar I disorder and adult schizophrenia. 523 participants got at least one dosage of LYBALVI in open-label extension research conducted globally, and 35.9% of participants finished the four-year treatment duration. After receiving LYBALVI medication for up to four years, patients' bipolar I disorder or schizophrenia symptoms stayed stable, as indicated by the Clinical Global Impression of Severity (CGI-S) scale (mean change from baseline in CGI-S score of -0.28).
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The major players in the global schizophrenia drugs market are Eli Lilly and Company, AbbVie Inc., Alkermes PLC, Otsuka Pharmaceutical Co., Ltd., Johnson & Johnson Services, Inc., Pfizer Inc., AstraZeneca, Bristol Myers Squibb, Sumitomo Dainippon Pharma Co., Ltd., and Vanda Pharmaceuticals Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
|Scope of the Report
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Therapeutic Class
|Breakup by Route of Administration
|Breakup by Distribution Channels
|Breakup by Region
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