The public awareness around mental health is estimated to benefit the antipsychotic drugs market in 2022. The pharmaceutical reports are made by Market Research Future, which includes market options for evolution. A 5.7% CAGR is estimated to drive the global market in the forecast period.
The increased number of patients seeking professional advice for mental issues are estimated to create a profitable growth segment for the antipsychotic drugs market share in the coming period. The fast pace of lifestyle and increased stress is estimated to bolster the antipsychotic drug market companies in the impending period.
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Leading players profiled in the antipsychotic drugs market include Johnson & Johnson, GlaxoSmithKline plc, AstraZeneca, Pfizer Inc., Bristol-Myers Squibb, Eli Lilly & Co. and others.
The segmental evaluation of the antipsychotic drugs market has been conducted on the basis of generation, therapeutic applications, region, and end-user. Based on the end-user, the antipsychotic drugs market has been segmented into research institutes, hospitals & clinics, and others. On the basis of therapeutic applications, the antipsychotic drugs market has been segmented into anxiety, dementia, bipolar disorder, schizophrenia, depression, and others. On the basis of generation, the antipsychotic drugs market has been segmented into the second generation, first-generation, and third generation. Based on the region, the antipsychotic drugs market has been segmented into the Middle East, the Americas, Europe, Asia Pacific, and Africa.
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Based on region, the antipsychotic drugs market covers growth opportunities and latest trends across Americas, Europe, Asia Pacific and Middle East and Africa. Of these, the American region will have precedence in the market over the predicted years owing to excellent support from the government, better regulatory framework, well-established healthcare infrastructure, good reimbursement scenario especially in the US and rapid uptake of novel drug molecules. Europe will grab the second largest share in the antipsychotic drugs market owing to increasing healthcare expenditure made by the government coupled with increasing disposable income. The antipsychotic drugs market in the Asia Pacific region will grow at the fastest rate and at a healthy CAGR owing to increasing social awareness concerning psychotic disorders and also other associated disorders namely depression, anxiety and mania. Moreover, the accessibility of medicines to treat mental illness will boost the growth of the antipsychotic drugs market in this region over the predicted years.
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