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Psychotropic Drugs Market Share

Report ID: GMI6283
Published Date: Jul 2023
Report Format: PDF

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Psychotropic Drugs Market Share

Major market players operating in the psychotropic drugs market include:

Alkermes
Eli Lilly and Company
Janssen Pharmaceuticals, Inc
(Johnson & Johnson)
Allergan (AbbVie Inc.)
Pfizer Inc.
Mylan N.V.
Novartis A
Axsome Therapeutics, Inc.
Acadia Pharmaceuticals Inc.
Takeda Pharmaceutical Company Limited.

These industry players majorly adopt various strategies including collaborations, acquisitions, mergers, and partnerships to create a global footprint and sustain market competition.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size for psychotropic drugs was valued at USD 20.2 billion in 2022 and is poised to register 6.4% CAGR from 2023 to 2032, attributed to the high prevalence of mental health disorders, rising geriatric population, and the growing awareness of mental health issues.

The aripiprazole segment held 22.4% share of the psychotropic drugs market in 2022 and is expected to expand at robust pace through 2032 owing to the increasing adoption due to the ability to decrease the symptoms of schizophrenia, bipolar disorder, and depression.

North America market size for psychotropic drugs is set to reach USD 13.5 billion by 2032, owing to the high prevalence of mental health disorders, such as depression, anxiety, schizophrenia, and bipolar disorders.

Alkermes, Eli Lilly and Company, Janssen Pharmaceuticals, Inc. (Johnson & Johnson), Allergan (AbbVie Inc.), Pfizer Inc., Mylan N.V., Novartis AG, Axsome Therapeutics, Inc., Acadia Pharmaceuticals Inc., and Takeda Pharmaceutical Company Limited are among the top firms engaged in the psychotropic drugs industry.