Psychotic Disorders - United Arab Emirates

Revenue in the Psychotic Disorders market is projected to reach US$34.09m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.03%, resulting in a market volume of US$34.13m 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$332.10 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 United Arab Emirates is showing steady growth due to several factors.

Customer preferences: Customers in United Arab Emirates are increasingly seeking treatment and support for psychotic disorders. This can be attributed to a growing awareness and understanding of mental health issues, as well as a decrease in the stigma associated with seeking help for these conditions. As a result, more individuals are willing to seek medical assistance and adhere to treatment plans.

Trends in the market: One of the key trends in the Psychotic Disorders market in United Arab Emirates is the adoption of innovative treatment options. There is a growing interest in alternative therapies, such as cognitive behavioral therapy and mindfulness-based interventions, in addition to traditional pharmacological treatments. This trend aligns with a global shift towards a more holistic approach to mental health treatment. Another trend in the market is the increasing use of telemedicine and online platforms to provide mental health services. This allows individuals in remote areas or with limited access to healthcare facilities to receive the necessary support and treatment. The convenience and privacy offered by these platforms have contributed to their popularity among patients.

Local special circumstances: United Arab Emirates has a diverse population, with a significant expatriate community. This diversity brings unique challenges in terms of providing mental health services that cater to the needs of different cultural backgrounds. Healthcare providers in the country are increasingly focusing on cultural competency and tailoring treatment plans to meet the specific needs of each patient. This includes considering cultural beliefs and practices when developing treatment strategies.

Underlying macroeconomic factors: The overall economic growth and development in United Arab Emirates have provided a favorable environment for the growth of the Psychotic Disorders market. As the country continues to invest in healthcare infrastructure and services, there is an increased availability and accessibility of mental health resources. This has resulted in a higher demand for services and a corresponding growth in the market.In conclusion, the Psychotic Disorders market in United Arab Emirates is experiencing steady growth due to increasing customer preferences for treatment and support, the adoption of innovative treatment options, the use of telemedicine, and the focus on cultural competency. The underlying macroeconomic factors, such as economic growth and investment in healthcare infrastructure, have also contributed to the development 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.