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Market Insights report
Psychotic disorders are severe mental health disorders that causes 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.
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This market report on Psychotic disorders provides detailed insights into the Psychotic disorders market from a global perspective. Besides all relevant market figures like worldwide revenues from 2016 to 2028, we have deep-dived into regional and country comparisons with a focus on Europe and the Americas.
The Psychotic disorders market was valued at 7.07 billion USD in 2022 and is expected to grow steadily between 2022 and 2028. There has been a significant rise in stress levels among the global population over the last couple of years. This has led to an increase in the incidence of diagnosed psychotic disorders such as schizophrenia and bipolar disorder. The growing prevalence of lifestyle-related mental health conditions, together with the increasing number of diagnosed bipolar disorders, is urging the expansion of efficient treatment options for psychotic disorders. The annual increase in the number of patients suffering from severe mental health disorders has placed a heavy strain on the pharmaceutical industry as well as healthcare services and providers. The largest markets include developed countries including the US, China, Japan, and Canada.
The major players include Otsuka Pharmaceutical, Lundbeck, AbbVie, Allergan plc, & Company among others.
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