Psychotic Disorders - Ireland | Statista Market Forecast

Revenue in the Psychotic Disorders market is projected to reach US$27.85m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.43%, resulting in a market volume of US$28.46m 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$468.80 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 Ireland is experiencing significant growth due to a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.Customer preferences in the Psychotic Disorders market in Ireland are driving the demand for innovative treatment options. Irish consumers are increasingly seeking personalized and targeted therapies that address the specific symptoms and needs of individuals with psychotic disorders. This has led to a rise in the development and availability of novel medications and therapies that offer improved efficacy and fewer side effects.Trends in the market are also contributing to the growth of the Psychotic Disorders market in Ireland. One key trend is the increasing awareness and recognition of psychotic disorders, leading to earlier diagnosis and intervention. This has resulted in a larger patient population seeking treatment, driving the demand for pharmaceuticals and therapies. Additionally, there is a growing emphasis on holistic approaches to mental health, with a focus on integrating pharmacological treatments with psychotherapy, social support, and lifestyle interventions. This trend is driving the demand for comprehensive treatment programs and multidisciplinary care teams.Local special circumstances in Ireland are further shaping the development of the Psychotic Disorders market. The Irish healthcare system has made significant investments in mental health services and infrastructure, resulting in improved access to care for individuals with psychotic disorders. This has created a favorable environment for pharmaceutical companies to introduce new products and therapies. Additionally, the Irish government has implemented policies and initiatives to reduce the stigma surrounding mental health, encouraging individuals to seek treatment and support.Underlying macroeconomic factors are also playing a role in the growth of the Psychotic Disorders market in Ireland. The country's strong economic performance and high levels of healthcare spending have contributed to increased investment in mental health services and research. Furthermore, the aging population in Ireland is driving the demand for treatments for age-related psychotic disorders, such as dementia-related psychosis. This demographic trend is expected to further fuel the growth of the market in the coming years.In conclusion, the Psychotic Disorders market in Ireland is experiencing significant growth due to customer preferences for innovative treatments, trends in the market such as increased awareness and holistic approaches to mental health, local special circumstances including improved access to care and reduced stigma, and underlying macroeconomic factors such as economic growth and an aging population. These factors are driving the development and availability of new pharmaceuticals and therapies, leading to a thriving market in Ireland.

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.