The awareness surrounding mental disorders has increased its acceptance in society and also improved its detection and treatment globally. Market reports connected with the healthcare industry have been offered by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is expected to display commendable growth in the upcoming forecast period.
The de-attachment of the stigma of mental health issues has prompted individuals o seek professional help especially in cases such as bipolar disorders. Thus, the escalating diagnostic rates have positively added to the innovations and developments that can be initiated in the market. The market is anticipated to flourish in the forecast period due to increased government aide and backing along with investments from major industry players.
Segmental Analysis
The segmentation of the bipolar disorders and treatment market trends has been segmented on the basis of drug type, treatment, and regions. Based on the drug type, the bipolar disorder and treatment market consists of anti-anxiety drugs, mood stabilizers, anticonvulsants, antidepressant drugs, and atypical antipsychotics. On the basis of treatment, the bipolar disorder and treatment market consists of transcranial magnetic stimulation (TMS), electroconvulsive therapy (ECT), and others. The regions included in the market are APAC, North America, Europe and the rest of the world.
Detailed Regional Analysis
The regional analysis for the market for bipolar disorders and treatment includes regions such as APAC, North America, Europe and the rest of the world. The North American region is the prime market for diagnosing bipolar disorder. The North American region for bipolar disorders and treatment is estimated to grow at an optimistic CAGR and is projected to reach a favorable by the end of the forecast period. The European region is the next major market for bipolar disorders and treatment which is projected to grow at an escalating CAGR in the forecast period. Furthermore, the Asia Pacific market is anticipated to be the increasing market for bipolar disorders and treatment market.
Competitive Analysis
The employment of product differentiation has led to a favorable product differentiation scenario that is complementing the market’s growth. The participants in the market are trying to establish several USPs that will enable them to capture a more substantial share of the market. Additionally, the vertical additions and product tactics of the market is increasing the potential for the market players. The analysis of the market observes that the market is poised for an accelerated growth rate in the forthcoming years. Improved approachability to various resources and capabilities is projected to compel the growth of the market in the imminent forecast period. The use of successful strategy execution techniques is estimated to have a positive effect on the future growth of the market.
The significant contenders in the bipolar disorder and treatment market are BMS (U.S), Janssen Pharmaceuticals (Belgium), Eli Lilly (U.S), GSK (U.K), AstraZeneca (U.K), Allergan (U.S), and others.
Industry Updates:
Dec 2018 According to the study, by Faith Dickerson from Sheppard Pratt Health System in Maryland, US, a probiotic supplement may help reduce inflammation of the gut, which is identified to aggravate bipolar disorder as well as other psychiatric mood disorders. The supplement is aimed at reducing inflammation caused by microbial imbalances in the gut. The team found that participants in the study, who got the probiotic supplement, on average, did not return to the hospital as promptly and needed less in-patient treatment time compared to the placebo group.
Dec 2018 A voice analysis company Cogito of late announced it had created CompanionMx; an offshoot company made to bring emotion-tracking to health care professionals. CompanionMx will put up products that permit physicians to utilize voice analysis AI to follow the well-being of patients with conditions like bipolar disease, PTSD, depression, and other anxiety disorders.
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