LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global bipolar disorder therapeutic market is projected to grow to USD 6,166.89 million by 2021, at a CAGR of more than 2% over the forecast period.
This research report titled ‘Global Bipolar Disorder Therapeutic Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
|Bipolar disorder, also called manic-depressive disorder, is a mental disorder that causes unusual mood swings in patients. The global bipolar disorder therapeutic market is expected to benefit from the rising awareness of the disease, which is increasing the diagnosis rate.|
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Based on drug class, the report categorizes the global bipolar disorder therapeutic market into the following segments:
- Traditional mood stabilizers
The top three revenue-generating drug class segments in the global bipolar disorder therapeutic market are discussed below:
“Antipsychotics occupied a majority 45% of the global bipolar disorder therapeutic market in 2016 and is expected to retain its shares over the forecast period. These drugs are mainly used to manage psychotic symptoms such as delusions, hallucinations, or mania,” says Sapna Jha, a lead analyst at Technavio for central nervous system research.
Antipsychotics are often used in combination with mood stabilizers for the control and treatment of bipolar disorder. Factors such as the high dependency of these drugs in the treatment of bipolar disorder, large investments towards the R&D of this drug class, and the entry of new drugs are expected to drive the growth of the market.
Anticonvulsants, which were originally used in the treatment of epilepsy are finding rising applications in the treatment of bipolar disorder. This class of drugs reduces the sensitivity of nerves to external stimuli, which helps greatly in controlling mania. The extensive use of anticonvulsants, as a single drug or as a part of combination therapies, will quickly drive the growth of the market segment over the forecast period. The common anticonvulsants used for manic episodes include valproic acid/Divalproex or carbamazepine.
Traditional mood stabilizers
“Mood stabilizers are used to treat mood swings associated with bipolar disorder and other mental disorders. The extensive use of lithium as a first-line treatment for bipolar disorder is expected to maintain the growth rate of the market over the forecast period,” says Sapna.
Often termed as a traditional mood stabilizer, lithium is the oldest and least expensive drug used for bipolar disorder treatment. It is considered to be effective in the treatment of mania, is a proven anti-suicidal drug that reduces the tendency of suicides, and reduces the frequency and symptoms of manic episodes by 70%-80%.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Eli Lilly
- Bristol-Myers Squibb
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