About Lurasidone
Lurasidone is a novel antipsychotic agent used to treat certain mental/mood disorders (such as schizophrenia, depression associated with bipolar disorder). It helps to think more clearly, feel less nervous and take part in everyday life. It also helps to improve sleep, appetite, mood and energy level. Lurasidone works by helping to restore the balance of certain natural substances in the brain.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Lurasidone market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sunovion Pharmaceuticals Inc. (United States), Angelini Holding S.p.A. (Italy), Sumitomo Dainippon Pharma Co., Ltd. (Japan), Sigma-Aldrich (United States), Lupin Limited (India), Bushu Pharmaceutical, LTD. (Japan), Zhejiang Hisun Pharmaceutical Co., Ltd. (China), LGM Pharma (United States) and Healthcare Pharmaceuticals Limited (Bangladesh) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Square Pharmaceuticals Ltd. (Bangladesh), Incepta Pharmaceuticals Ltd. (Bangladesh), Maps Laboratories PVT. LTD. (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Lurasidone market by Type (20mg/tablet, 40mg/tablet, 60mg/tablet, 80mg/tablet and 120mg/tablet) and Region.
On the basis of geography, the market of Lurasidone 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). If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Lurasidone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Hospitals will boost the Lurasidone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in the field of Medical Science
Market Growth Drivers:
Increased Prevalence of Mental/Mood Disorders among People due to Hectic Lifestyle and Rising Regulatory Approvals for Lurasidone
Challenges:
Stringent Government Rules and Regulations
Restraints:
Side Effects such as Serious Drop in Blood Pressure
Opportunities:
Growth in the Healthcare Industry and Robust Increase in Distribution Channels
Market Leaders and their expansionary development strategies
In February 2023, Lupin announced the launch of Lurasidone Hydrochloride Tablets, 20 mg, 40 mg, 60 mg, 80 mg and 120 mg, to market a generic equivalent of Latuda Tablets of Sunovion Pharmaceuticals, Inc.
In September 2019, Sumitomo Dainippon Pharma Co., Ltd. has announced that Sumitomo Pharmaceuticals (Suzhou) Co., Ltd., its wholly-owned subsidiary in China, launched an atypical antipsychotic LATUDA (generic name: lurasidone hydrochloride) in China for the treatment of adult patients with schizophrenia.
Key Target Audience
Lurasidone Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.