About Bipolar Disorder Drugs
Bipolar Disorder also called maniac depression results in extreme mood swings. Having this disorder has difficulty in managing everyday tasks. The symptoms include mania, hypomania and depression. In bipolar 1, the person experiences hypomanic or depressive episodes. Whereas, in bipolar 2, the person experiences major depression that lasts at least 2 weeks. According to natural institute of mental health, each year 5.7 million adults are affected by this disorder in United States.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.72% |
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. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Bipolar Disorder Drugs 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.
Glaxo SmithKline (United Kingdom), Pfizer (United States), Janssen Pharmaceuticals (Belgium), Eli Lilly (United States), Allergan (Ireland), Novartis (Switzerland), AbbVie (United States), Otsuka (Japan), AstraZeneca (United Kingdom) and Abbott Laboratories Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Bristol-Myers Squibb Company (United States), AstraZeneca PLC (United Kingdom), Cephalon Inc. (United States) and Eli Lilly and Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Bipolar Disorder Drugs market by Type (Mood stabilizers, Antipsychotics, Antidepressant drugs and Other drugs), Application (Hospital, Lab and Others) and Region.
On the basis of geography, the market of Bipolar Disorder Drugs 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 Treatment, the sub-segment i.e. Psychotherapy will boost the Bipolar Disorder Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Disorder type, the sub-segment i.e. Bipolar I will boost the Bipolar Disorder Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Initiatives for Increasing Public Awareness about the Bipolar Disorder and Advancements in Therapies of Bipolar Disorder
Market Growth Drivers:
Increase in Prevalence of Bipolar Disorder and Need to Reduce the Burden of Disease from Bipolar Disorder
Challenges:
Lack of Awareness about the Symptoms of Bipolar Disorder
Restraints:
High Costs Associated with the Treatment and Stringent Government Regulations Available
Opportunities:
Rising Awareness of Bipolar Disorder Effects and Increasing Demand of Anti-Depressants in Developed as Well as Developing Countries
Market Leaders and their expansionary development strategies
In March 2024, The Bipolar Disorder (Manic Depression) drugs in development market research report provides comprehensive information on the therapeutics under development for Bipolar Disorder (Manic Depression), complete with analysis by stage of development, drug target, mechanism of action (MoA), route of administration (RoA), and molecule type.
In April 2024, The U.S. FDA approved Vanda Pharmaceuticals' (VNDA.O), opens new tab drug to treat manic and mixed episodes associated with a type of bipolar disorder, the company said on Tuesday, marking the second approval for the treatment.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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.