Market Trends of Global Bipolar Disorder Industry
This section covers the major market trends shaping the Bipolar Disorder Market according to our research experts:
Antipsychotic Drugs are Expected to be Fastest Growing Segment Over the Forecast Period
Antipsychotic medications are used as a short-term treatment for bipolar disorder to control psychotic symptoms, such as hallucinations, delusions, or mania symptoms. These symptoms may occur during severe depression or acute mania. Some also treat bipolar depression, in preventing future episodes of mania or depression. As per an article titled 'Medications for bipolar disorder: What you should know' published in May 2022, the National Institute of Mental Health estimates that 2.8%Trusted Source of adults in the United States has bipolar disorder. Acute manic psychosis is being increasingly managed with 2nd-generation antipsychotics, such as Aripiprazole, Cariprazine, Lurasidone, Olanzapine, and many more. Although any of these drugs may have extrapyramidal adverse effects and cause akathisia, the risk is lower with more sedating drugs such as quetiapine and olanzapine.
In people with antipsychotics, bipolar disorder is also used "off label" as sedatives, for insomnia, anxiety, and/or agitation takes the mood-stabilizing drug and can decrease the symptoms of mania until mood stabilizers take full effect. Some antipsychotics stabilize moods on their own and they may be used alone as a long-term treatment for people who do not tolerate or respond to lithium and anticonvulsants. A few antipsychotic drugs include asenapine (Saphris), aripiprazole (Abilify), cariprazine (Vraylar), and clozapine (Clozaril), lurasidone (Latuda), quetiapine (Seroquel), olanzapine (Zyprexa), risperidone (Risperdal), and ziprasidone (Geodon).
Many Companies contribute to the growth of the market by launching products. For instance, in December 2021, Zydus Cadila gets the United States Food and Drug Administration (USFDA) approval to market generic drug Cariprazine capsules, which are used in the treatment of schizophrenia. Additionally, in December 2021, Intra-Cellular Therapies, Inc. announced that the United States Food and Drug Administration (FDA) approved CAPLYTA for the treatment of depressive episodes associated with bipolar I or II disorder in adults, as monotherapy and as adjunctive therapy with lithium or valproate.
North America is Expected to Dominate the Market Over the Forecast Period
North America is found to hold a major share for the bipolar disorder market and is expected to show a similar trend over the forecast period, without significant fluctuations. Due to the increasing cases of bipolar disorder and the presence of better healthcare infrastructure, the market is expected to witness high growth over the forecast period. According to the data published by the National Alliance on Mental Illness, around 1 in 5 adults in the United States experiences mental illness in a given year. Hospitalization is required for severe episodes of mania and depression to protect the patients from injuring themselves or others. According to the NIMH, bipolar I disorder is characterized in part by manic symptoms that are so severe that the person needs immediate hospital care. There is a huge need to tackle bipolar disorder, as it is an increasing problem, and hence, the market for bipolar disorder is expected to grow during the forecast period.
Approvals of products by United States Food and Drug Administration (USFDA) in the region is expected to promote market growth. For instance, April 2022, the United States Food and Drug Administration has approved a new drug from BioXcel used to treat patients with schizophrenia or bipolar I or II disorder. Similarly, In May 2021, Alembic Pharmaceuticals gets United States Food and Drug Administration (USFDA) approval for bipolar depression drug - Lurasidone Hydrochloride tablets, used to treat bipolar depression.
