GlobalData Releases: Schizophrenia - Global Drug Forecast and Market Analysis to 2022
A new report released by GlobalData projects a modest increase in the global schizophrenia treatment market value
A new report released by GlobalData, PharmaPoint: Schizophrenia – Global Drug Forecast and Market Analysis to 2022, projects a modest increase in the global schizophrenia treatment market value. Value is expected to climb from $6.3 billion in 2012 to $7.9 billion by 2022, with a Compound Annual Growth Rate of 2.4%.
Out of the seven major markets (US, France, Germany, Italy, Spain, the UK, and Japan), the dominant player in the schizophrenia space in 2012 was the US, with sales of $5.2 billion and a global share of 83%, the report shows. The US is expected to maintain its position by 2022, with sales reaching $6.1 billion (a representation of 1.6% Compound Annual Growth Rate).
The report suggests that the rising awareness of mental health is partially responsible for the market expansion, along with increased utilization of long-acting injectable antipsychotics.
While four new drugs are due to enter into the market during the forecast period (Otsuka’s brexpiprazole, Roche/Chugai’s bitopertin, EnVivo’s EVP-6124, Alkermes’ aripiprazole lauroxil and Johnson & Johnson’s (J&J) Invega Sustenna (Three-Month)), Kyle Nicholson, PharmD, GlobalData's Analyst covering Neurology, says: “These latter two drugs will introduce new LAI treatments and expand the global market options by 33%. The three-month version of J&J’s Invega Sustenna in particular will provide patients with a reduced dosing burden."
Nicholson also notes, “As novel products in an emerging part of the schizophrenia drug market, these agents could be met with significant sales, due to their higher costs of therapy and a growing popularity of LAIs in this space.”
However, high costs resulting in a push towards generics, and the sheer level of unmet need in schzophrenia and other mental health disorders, present significant barriers to the market.
*PharmaPoint: Schizophrenia – Global Drug Forecast and Market Analysis to 2022
Read the full release here.
Including Women of Childbearing Age in Clinical Research
March 26th 2024In recognition of International Women's Month, we're featuring this recent talk between Associate Editor Miranda Schmalfuhs and Marie Teil, Global Head of UCB’s Women of Childbearing Age Program. They speak about the specific challenges women with chronic illnesses face when accessing appropriate treatment and participating in clinical trials, UCB's Women of Childbearing Age Program and it’s most successful strategies, and much more.
Regulatory Compliance With eCOAs
April 26th 2024In the fourth and final part of this video interview with ACT editor Andy Studna, Melissa Mooney, director, eCOA sales engineering, IQVIA discusses how the regulatory stance on electronic clinical outcome assessments has changed over the years and what it could look like in the future.
Improving Engagement While Maintaining Data Integrity & Validity
March 19th 2024In recognition of Women's Health Month, we're featuring this recent talk between Associate Editor Miranda Schmalfuhs and uMotif's Chief Product Officer, Julia Lakeland, discuss new technologies improving patient engagement and reducing the emotional and logistical burdens of participation, ethical considerations that should be addressed when implementing those technologies, while ensuring patient privacy, and much more.
Using Patient Reported Outcomes in Dermatology Trials
April 25th 2024In part 3 of this video interview with ACT editor Andy Studna, Melissa Mooney, director, eCOA sales engineering, IQVIA sheds light on the unique challenges of dermatology trials and how clinical outcome assessments can be implemented in them.
