Global Schizophrenia and Associated Indications Therapeutics Market to See Incredible Growth During 2016 – 2024

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Albany, NY — 12/15/2017 — Schizophrenia is a chronic mental disorder, described by poor emotional reactions, interruption in thinking and lack of social and physical enthusiasm. The indications of schizophrenia can be categories into three types: positive, negative, and cognitive. Positive symptoms includes hallucinations, delusions and thought disorders, negative symptoms includes reduced feelings of pleasure in everyday life, difficulty beginning and sustaining activities and reduced speaking. Cognitive symptoms includes problems with working memory and trouble in focusing or paying attention. In addition, deterioration of personal hygiene, over sleeping or restlessness, suspiciousness and depression are some other symptoms of the disease.

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Schizophrenia is caused due to genetic malignancies, environment, neurotrauma, drug and alcohol abuse, genes and imbalance in complex chemical reactions of the brain and many others. People with this disease have imbalance in neurotransmitters, such as serotonin and dopamine, which allows nerve cells to send message to each other. Improved diagnostic tools, the advent of atypical antipsychotic medications and the development of phase-specific psychosocial treatments have made intervention research in people at ultra-high risk for developing schizophrenia or a related psychotic disorder possible. Antipsychotic medication has been established as a standard of care for persons diagnosed with a psychotic disorder.

The causes of schizophrenia are still unknown, treatments focus on eliminating the symptoms of the disease. The treatments includes: antipsychotics, psychosocial treatments, coordinated specialty care. Antipsychotic medications work as antagonists at dopamine receptors and provide support for the hypothesis that psychotic symptoms are in part due to dysregulated dopaminergic transmission.

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Geographically, the schizophrenia and associated indications therapeutics market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America was observed to be the largest schizophrenia and associated indications therapeutics market due to increasing mental disorders.

According to National Institute of Mental Health, in U.S. the prevalence rate for schizophrenia is approximately 2.4 million American adults or 1.1% of the population. In Europe, the unmet needs, impact on caregivers, quality of life, satisfaction with services are the driver expected to drive the growth of the market. Asia-Pacific is considered as the one of the potential market due to increasing healthcare expenditure, large pool of patients. China and India are expected to be the fastest growing schizophrenia therapeutics markets in Asia-Pacific region.

The major players operating in this market include Novartis Pharmaceuticals, Inc., Eli Lilly and Company, Actavis UK Ltd., Sandoz Canada Inc., AstraZeneca Plc., Johnson & Johnson, Pfizer, Inc., Bristol-Myers Squibb among other significant players worldwide.

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Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.
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