Psychotic Disorders - Tanzania | Statista Market Forecast

Revenue in the Psychotic Disorders market is projected to reach US$5.51m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.08%, resulting in a market volume of US$5.48m 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$9.64 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 Tanzania is experiencing significant growth and development. This can be attributed to several factors including changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.Customer preferences in the Psychotic Disorders market in Tanzania are shifting towards more accessible and affordable treatment options. With an increasing awareness of mental health issues, customers are seeking out medications and therapies that are effective and can be easily obtained. This has led to a rise in demand for generic medications and alternative treatment methods. Additionally, customers are also looking for personalized and holistic approaches to treatment, including therapies that focus on lifestyle changes and self-care.Trends in the market are also contributing to the development of the Psychotic Disorders market in Tanzania. One of the key trends is the integration of technology in mental health treatment. This includes the use of telemedicine and mobile applications to provide remote consultations and support. These technological advancements have made mental health services more accessible to individuals in remote areas and have also improved the overall efficiency of treatment.Another trend in the market is the increasing focus on community-based care. This approach emphasizes the importance of involving family members and local communities in the treatment process. It recognizes the role of social support in the recovery of individuals with psychotic disorders and promotes a more holistic approach to care.Local special circumstances in Tanzania also contribute to the development of the Psychotic Disorders market. The country has a high prevalence of mental health disorders, including psychotic disorders, which creates a significant demand for treatment options. Additionally, there is a growing recognition and prioritization of mental health issues by the government and healthcare providers, leading to increased investment in mental health services and infrastructure.Underlying macroeconomic factors, such as population growth and urbanization, also play a role in the development of the Psychotic Disorders market in Tanzania. The country's population is rapidly expanding, leading to an increased demand for healthcare services, including mental health treatment. Urbanization is also contributing to the rise in mental health disorders, as individuals face higher levels of stress and social isolation in urban areas.In conclusion, the Psychotic Disorders market in Tanzania is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards more accessible and affordable treatment options, the integration of technology in mental health treatment, the focus on community-based care, the high prevalence of mental health disorders, and the country's population growth and urbanization are all contributing to the expansion of the market.

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.