Olanzapine Market Scope
Olanzapine, also known as Zyprexa or Lanzac. It belongs to the class of organic compounds known as benzodiazepines. Olanzapine is a medication that works in the brain to treat schizophrenia. It is also known as a second generation antipsychotic (SGA) or atypical antipsychotic. Olanzapine rebalances dopamine and serotonin to improve thinking, mood, and behavior. The drug may also be used in combination with other medications to treat depression and certain mental conditions. The rising cases of mental disorder will increase the demand for olanzapine.
According to AMA, the Global Olanzapine market is expected to see growth rate of 2.3%The demand for Olanzapine is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Sun Pharmaceutical, Eli Lilly and Company, Dr. Reddy’s Laboratories others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how olanzapine can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Olanzapine market throughout the predicted period.
Jiangsu Hansoh Pharmaceutical Group Co., Ltd.(China), Sun Pharmaceutical (United States), Eli Lilly and Company (United States), Dr. Reddy’s Laboratories (India), Zhejiang Langhua Pharmaceuticals (China), Teva Pharmaceutical Industries Ltd. (Israel), Aurobindo Pharma Limited (India), Jubilant Life Sciences (India), Torrent Pharmaceuticals Ltd.(India), Allergan plc (Ireland), Sandoz (Germany), Mylan N.V. (United States), Apotex Inc. (Canada) and Alkermes plc (Ireland) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Olanzapine market by Type (Patent and Generics), by Application (Schizophrenia, Bipolar Disorder and Other) and Region with country level break-up.
On the basis of geography, the market of Olanzapine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Growth Drivers:
Increased Mortality In Elderly Patients With Dementia-Related Psychosis and Growing Number Of Generic Drug Manufacturers
Challenges:
Risk Of Weight Gain, High Blood Sugar, And High Cholesterol
Restraints:
High Cost Of Drugs, Lack of proper medications and treatment and Lack of knowledge about the Olanzapine condition
Opportunities:
Untapped Opportunities In Emerging Markets and Rising Rate Of Bipolar Disorders
Market Leaders and their Expansionary Development Strategies
In November 2021 Boryung Pharmaceutical had announced the acquisition of Zyprexa (olanzapine), a drug which treats schizophrenia, from Eli Lilly and Company. Boryung Pharmaceutical will get complete sales rights for Zyprexa in Korea as a result of the agreement. Zyprexa, an effective treatment for schizophrenia and bipolar illness, contains dopamine, a biological molecule that regulates mental and emotional equilibrium. Boryung Pharmaceutical wants to expand its central nervous system (CNS) treatment business after acquiring Zyprexa, the company's second heritage brand purchase after Zemzar. Boryung Pharmaceutical's CNS treatment business has been boosted by its portfolio, which includes Buspar, a prescription pharmaceutical for anxiety disorders, Projaz, an antidepressant, and Strattera, a therapeutic for attention deficit hyperactivity disorder (ADHD).
In October 2021 Alkermes plc had announced the launch of LYBALVI (olanzapine and samidorphan). LYBALVI is a once-daily, oral atypical antipsychotic made up of the antipsychotic olanzapine and the novel chemical entity samidorphan. Alkermes has long been devoted to being a leader in the treatment of serious mental illness, with a focus on research, development, and manufacturing of innovative medications that strive to meet real-world patient requirements.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Olanzapine Manufacturer, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.