Psychotic Disorders - Guinea | Statista Market Forecast

Revenue in the Psychotic Disorders market is projected to reach US$2.96m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.49%, resulting in a market volume of US$3.18m 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$26.66 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 Guinea is experiencing significant growth and development due to several key factors.

Customer preferences: Customers in Guinea are increasingly seeking effective treatment options for psychotic disorders. This is driven by a growing awareness and understanding of mental health issues in the country. As a result, there is a higher demand for medications and therapies that can effectively manage and alleviate symptoms of psychotic disorders.

Trends in the market: One of the major trends in the Psychotic Disorders market in Guinea is the increasing availability of antipsychotic medications. Pharmaceutical companies are expanding their presence in the country and introducing a wider range of medications to meet the growing demand. This trend is driven by the need for more options and alternatives in the treatment of psychotic disorders.Another trend in the market is the integration of technology in the management of psychotic disorders. Mobile applications and online platforms are being developed to provide support and resources for individuals with psychotic disorders. These technological advancements are helping to improve access to information, treatment options, and support networks for patients in Guinea.

Local special circumstances: Guinea faces unique challenges in the treatment of psychotic disorders. Limited access to healthcare facilities and resources in rural areas can hinder the timely diagnosis and treatment of patients. Additionally, cultural beliefs and stigma surrounding mental health can create barriers to seeking help and accessing appropriate care. These local special circumstances require targeted efforts to improve access to care and raise awareness about mental health in the country.

Underlying macroeconomic factors: The economic growth and stability in Guinea have contributed to the development of the Psychotic Disorders market. As the country's economy improves, there is an increase in healthcare spending, which allows for greater investment in mental health services and infrastructure. Additionally, the government's focus on healthcare reform and the inclusion of mental health in national healthcare policies have created a favorable environment for the growth of the Psychotic Disorders market.In conclusion, the Psychotic Disorders market in Guinea is experiencing growth and development due to increasing customer preferences for effective treatment options, the introduction of new medications, the integration of technology, and the underlying macroeconomic factors. However, local special circumstances such as limited access to healthcare and cultural stigma present challenges that need to be addressed to ensure the continued growth and improvement of mental health services in the country.

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.