Anti-Suicide Drug Market Scope
An intentional suicide is a death that is made by one self. As a result, people with this trait are prone to mental and emotional issues such as depression, personality disorder, impulsiveness, substance abuse, alcoholism, and financial stress. Changing lifestyles and societal pressures also contribute to the high suicide rate among young adults. Anti-suicide medications, such as antipsychotics and antidepressants, are typically prescribed to patients to prevent suicidal thoughts and attempts. These medications treat the underlying conditions that cause a person to have suicidal thoughts. However, an overdose of these drugs can be fatal, hence they must be administered under the supervision of a physician.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Anti-Suicide Drug market throughout the predicted period.
Pfizer (United States), Johnson & Johnson (United States), AstraZeneca plc (United Kingdom), Eli Lilly and Company (United States), Allergan plc (Ireland), GlaxoSmithkline plc (United Kingdom), Merck & Co., Inc. (United States), Lundbeck (Denmark) and NeuroRx, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Anti-Suicide Drug market by Type (Anti-Depressants and Anti-Anxiety Drugs, Anti-Psychotic Drugs, NMDA Antagonist and Antibiotic Analog), by Application (Hospital, Clinic and Home Use) and Region with country level break-up.
On the basis of geography, the market of Anti-Suicide 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).
Influencing Trend:
High Investment In Pharmaceuticals Industries
Market Growth Drivers:
High Prevalence Of Suicides In These Regions, Growing In Number Of Patients and Rise In Awareness Of Psychological Disorders
Challenges:
Strict Regulations For Approval Of Anti-Suicide Drugs and Consumer’s Preference Towards Herbal Medicines
Restraints:
Rise In Cost Of Mental Health Programs and Side Effects Associated With Drugs
Opportunities:
Increasing Healthcare Expenditure In Emerging Economies and Rapidly Expansion Of Pharmaceutical Industry
Market Leaders and their Expansionary Development Strategies
On 11 March 2022, Pfizer Inc. announced the completion of its acquisition of Arena Pharmaceuticals, a clinical stage company developing innovative potential therapies for the treatment of several immuno-inflammatory diseases.
In August 2022, Johnson & Johnson's Spravato got approved as a first antidepressant for actively suicidal people by The Food and Drug Administration. It is the quick-acting nasal spray will be available to people with suicidal thoughts and a plan to put them into action. This approval helped company to expand its presence in anti-suicide drug market
Key Target Audience
Anti-Suicide Drug Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
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.