Market Analysis
Olanzapine is used for treating specific mood/mental conditions especially bipolar disorder and schizophrenia. Besides it can be used with other medications for treating depression. Olanzapine can also help in decreasing hallucinations thereby helping one in thinking more positively and clearly about themselves along with feeling less agitated and being more active in life. This medication is generic and is available in different trade names. Olanzapine has a couple of minor and major side effects such as loss of libido, cough, running nose, dry mouth, chest pain, uncontrolled muscle movements, dizziness, increase in cholesterol and body fat, sleepiness, headache, weight gain and orthostatic hypotension.
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The global Olanzapine market is likely to grow at an exponential growth rate during the forecast period 2017-2023 and the driving factors here include rising prevalence of different neurological disorders such as bipolar disorder, schizophrenia, increasing number of people with emotional instability and mental illness have further increased the demand of this medication as a key measure to treat such diseases. Data released by the National Institute of Health and Care Excellence revealed that olanzapine is also suggested as the first line therapy for treating acute mania in case of bipolar disorder. Along with these influencing factors there are some factors which impact the growth of the Olanzapine market negatively like the medication’s side effects and different regulatory needs for marketing this medication that may take a toll on the growth of this market. The Olanzapine market is forecasted to touch a striking CAGR during the forecast period 2017-2023
Market Segmentation
MRFR's segmental analysis of the Olanzapine Market Size provides an expansive view of the market components which help identify trends and opportunities. The global olanzapine market has been segmented by application, types, and region.
By application, the market has been segregated to include schizophrenia, bipolar disorder, and others.
By types, the market has been divided into Zyprexa tablets, Zyprexa zydis and Zyprexa intramuscular.
By region, the global market has been divided into the Americas, Europe, Asia Pacific and the Middle East & Africa.
Olanzapine Market Detailed Regional Analysis
The regional analysis of the olanzapine market comprises of regions such as Europe, Asia Pacific, Americas and Middle East & Africa. Olanzapine is among one of the main drugs for schizophrenia in the Asia Pacific region with the aggregate CAGR of more than 26 percent. The Asia Pacific region is the major market for Olanzapine as it aids in treating the bipolar disorder or schizophrenia. The Asia Pacific region holds more than 40 percent of the population and nations like India, China, and Japan which are suffering from heavy population and are more affected with the schizophrenia and thus consumes Olanzapine in high quantity. The next big market for Olanzapine is the European region followed by the Americas region
Competitive Analysis
With the presence of both key and small players, the global Olanzapine market appears to be extremely competitive and fragmented. In fact, with a flourishing market in North America and some of the major companies having their home it is generating maximum share in the market. These companies expanded their operating unit in many more emerging regions too. Moreover, some medium and small-scale players are generating good revenue from the local market. The popular American pharmaceutical, Eli Lilly is a top manufacturer for the Olanzapine market. There is a growing demand for generic Zyprexa in the US, the schizophrenia, bipolar treatment from Eli Lilly which has been amid the highest sellers before turning off patent in the last few years.
Key Players
Prominent players that contribute substantially to the competitive landscape of the global olanzapine market include Sandoz, Watson Pharmaceuticals (ChangZhou), Hanson Pharmaceuticals, Hansoh Pharmaceuticals, Zhejiang Langhua Pharmaceuticals, Eli Lilly, Dr Reddy's Pharmaceuticals, Mylan Pharmaceuticals, Sun Pharmaceuticals, Apotex Inc., Teva Pharmaceuticals, Torrent Pharmaceuticals, Jubilant Lifesciences and Aurobindo Pharma.
Analysis of the competitive landscape offers an expansive view of the market and assists in the identification of opportunities and existing trends.
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