About Aripiprazole Drug
Aripiprazole is an peculiar antipsychotic that is provided underneath the company names Abilify and Aristada, amongst others. Aripiprazole is an antipsychotic drug used to deal with schizophrenia in adults and young people over the age of thirteen Other use consist of treating most important depressive illness, tic disorders, and autism-related irritability. Aripiprazole is additionally used in adolescents aged 6 and up who have Tourette's sickness or autistic ailment signs irritability, aggression, temper swings, mood tantrums, and self-injury.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that Indians Players will contribute the maximum growth to Global Aripiprazole Drug 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.
Otsuka Pharmaceutical (Japan), Amneal (United States), Barr Laboratories (United States), Teva (Israel), Orchid Pharma (India), APOTEX (Canada), Lannett (United States), Alembic Pharmaceuticals (India), Sun Pharmaceutical (India) and Aurobindo Pharma (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Aripiprazole Drug market by Type (Tablets, Orally Disintegrating Tablets, Oral Solution and Injection) and Region.
On the basis of geography, the market of Aripiprazole Drug 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 End-users, the sub-segment i.e. Adult Patients will boost the Aripiprazole Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Side Effects, the sub-segment i.e. Blurred Vision will boost the Aripiprazole Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Developing New and Innovative Drugs
Market Growth Drivers:
Rising Prevalence of Mental Disorders
Challenges:
Fluctuations in Drugs Supply and Demand share due to Enforcement of Stringent Lockdown Measures
Restraints:
Low Awareness among People
Opportunities:
Growing Healthcare Expenditure
Market Leaders and their expansionary development strategies
In September 2022, The FDA accepted Otsuka’s/Lundbeck’s new drug application (NDA) for aripiprazole treat schizophrenia in adults and for maintenance monotherapy treatment of bipolar I disorder in adults.
In 2021, Sun Pharma Consumer Healthcare, a division of Sun Pharmaceutical Industries Limited announced its foray into the nutrition bar segment in India with the launch of Revital NXT. The product is a brand extension of Revital H and has been launched in two different variants, Revital Energy NXT and Revital Protein NXT. The market for nutrition bars in India is growing rapidly with millennials and generation Z's increasing focus on fitness for a healthy lifestyle.
In April 2023, the U.S. Food and Drug Administration (FDA) approved Otsuka Pharmaceutical Co., Ltd. (Otsuka) and Lundbeck Pharmaceuticals LLC’s (Lundbeck) New Drug Application (NDA) for ABILIFY ASIMTUFII (aripiprazole) extended-release injectable suspension for intramuscular use a once-every-two-months injection for the treatment of schizophrenia in adults.
Key Target Audience
Raw material suppliers, Distributors/traders/wholesalers/suppliers, Regulatory bodies, including government agencies and NGO, Commercial research and development institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade associations and industry bodies and End-use industries
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.