Psychotic Disorders - Eastern Africa

Revenue in the Psychotic Disorders market is projected to reach US$44.72m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.01%, resulting in a market volume of US$44.71m by 2029.
In global comparison, most revenue will be generated United States (US$2.26bn in 2024).
In relation to total population figures, per person revenues of US$11.87 are generated in 2024.

Psychotic disorders are severe mental health disorders that cause changes in a person's way of thinking and their perception. Patients often have trouble differentiating between what they perceive and reality. Different types of psychotic disorders include schizophrenia, bipolar disorder, substance-induced psychotic disorder, delusional disorder, and brief psychotic disorder. However, this market only represents the sales of antipsychotic drugs that are used to treat schizophrenia and bipolar disorder.

Market values represent the revenues generated by manufacturers and are based on retail prices for each drug category including all drugs, regardless of whether they are reimbursed or not.

Company examples: Otsuka Pharmaceutical, Lundbeck, AbbVie, Allergan plc, Recordati S.p.A., Gadeon Richter, Sumitomo Pharma, Johnson & Johnson / Janssen, Vanda Pharmaceuticals, Alkermes, Eli Lilly, AstraZeneca, and Intra-Cellular Therapies

Antipsychotic drugs: Aripiprazole (Abilify), Asenapine (Saphris), Cariprazine (Vraylar), Clozapine (Clozaril, Versacloz), lumateperone (Caplyta), Lurasidone (Latuda), Olanzapine (Zyprexa), Quetiapine (Seroquel), Risperidone (Risperdal), Risperidone (Aristada), Ziprasidone (Geodon), Brexpiprazole (Rexulti), Iloperidone (Fanapt), and Paliperidone (Invega)

Psychotherapy
Talk therapy
Herbal medicines
Digital health apps
Deep Brain Stimulation (DBS)

The Psychotic Disorders market in Eastern Africa is experiencing steady growth due to increasing customer preferences for mental health services, emerging trends in the market, and local special circumstances. Customer preferences in Eastern Africa are shifting towards a greater awareness and acceptance of mental health issues, including psychotic disorders. As the stigma surrounding mental health decreases, more individuals are seeking diagnosis and treatment for these disorders. This has led to an increased demand for mental health services, including therapy, medication, and support groups.Trends in the market are also contributing to the growth of the Psychotic Disorders market in Eastern Africa. One significant trend is the adoption of telepsychiatry, which allows individuals to access mental health services remotely through video consultations. This trend has gained popularity in the region due to its convenience and affordability, particularly in rural areas where access to mental health professionals may be limited.Another trend in the market is the integration of traditional healing practices with modern psychiatric treatments. In Eastern Africa, traditional healers play an important role in the community and are often sought out for their knowledge and expertise. By incorporating traditional healing practices into psychiatric treatments, healthcare providers are able to cater to the cultural beliefs and preferences of the local population.Local special circumstances in Eastern Africa also contribute to the growth of the Psychotic Disorders market. The region has a high prevalence of mental health disorders, including psychotic disorders, which is attributed to various factors such as poverty, conflict, and social inequality. Additionally, the lack of mental health infrastructure and trained professionals in many countries in the region creates a demand for improved services and resources.Underlying macroeconomic factors also play a role in the development of the Psychotic Disorders market in Eastern Africa. Economic growth in the region has led to an increase in disposable income, allowing individuals to afford mental health services. Additionally, government initiatives and investments in healthcare infrastructure have improved access to mental health services and increased awareness of mental health issues.In conclusion, the Psychotic Disorders market in Eastern Africa is developing due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As the region continues to prioritize mental health and invest in healthcare infrastructure, the market is expected to grow further in the coming years.

Data coverage:

Data encompasses B2C enterprises. Figures are based on companies' revenues, international institutes data, and global consumer survey data. Revenues refer to the retail value and include sales taxes.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use financial reports and third-party data. Next, we use relevant key market indicators and data from country-specific associations such as healthcare spending per capita, medical product spending per capita, and gross domestic product per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, S-Curve function, ARIMA time series model and exponential curve function. Data is modeled using current exchange rates.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. GCS data is reweighted for representativeness.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Despite what some may think, mental health problems are common in the United States and around the world. Mental health issues, much like other health issues, can be mild, but can also be life altering, affecting the emotional, social, and psychological well-being of the person. Common types of mental illness include mood disorders, anxiety disorders, eating disorders, and personality disorders. Although symptoms of mental illness differ depending on the type of illness and seriousness of the problem, common symptoms of mental health issues include changes in sleeping and eating habits, social withdrawal, feelings of hopelessness, anger, and prolonged sadness, suicidal thoughts, and substance abuse. In 2022, it was estimated that around 36 percent of those in the U.S. aged 18 to 25 years and 29 percent of those aged 26 to 49 years suffered from some form of mental illness in the past year.