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Global Schizophrenia Therapeutics - Market Demand and Forecasts by Technavio

15:23 EDT 4 Aug 2017 | Businesswire

Technavio’s latest market research report on the global schizophrenia therapeutics market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technaviodefines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

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Technavio has published a new report on the global schizophrenia therapeutics market from 2017-2021. ...

Technavio has published a new report on the global schizophrenia therapeutics market from 2017-2021. (Graphic: Business Wire)

Rising public interest in mental health, increase in use of long-acting injectable (LAI) antipsychotics, and availability of drugs with a novel MoA are some of the emerging trends in the market. Emerging economies offer significant growth opportunities due to the availability of a large patient pool coupled with increased healthcare awareness programs.

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The top three emerging market trends driving the global schizophrenia therapeuticsmarket according to Technavio research analysts are:

  • Rising public interest towards mental health
  • Increase in use of LAI antipsychotic drugs
  • Availability of drugs with novel mechanism of action (MoA)

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Rising public interest towards mental health

According to Sapna Jha, a lead analyst at Technavio for central nervous system research, “The rising public interest for the management of depression by government bodies such as the Centre for Disease Control and Prevention is an important trend being witnessed in the market. The CDC plays an important role in the integration of mental well-being with public health.”

The CDC gathers data on the effects of depression on individuals and assesses them. This helps it to come up with more effective countrywide community-based programs to assist individuals. The CDC uses the Behavioral Risk Factor Surveillance System questionnaire to track the health and risk behaviors of individuals in the US annually. It is the largest telephone-based healthcare survey in the world. The CDC and NACDD together designed programs such as IDEAS and PEARLS to help individuals with depression.

Increase in use of LAI antipsychotic drugs

The global schizophrenia treatment market is witnessing an increase in the popularity of LAI antipsychotics, as they can attain higher efficacy in negative and cognitive predominant patients. LAI antipsychotics are administered once every two or four weeks (depending on the specific drug). They improve patient compliance, which is important for long-term maintenance of therapeutic drugs, and are associated with both reduced hospitalization rates and reduced care costs.

LAI antipsychotics contain products such as Johnson & Johnson's INVEGA SUSTENNA, a paliperidone palmitate extended-release injectable suspension, indicated for the treatment of schizophrenia and schizoaffective disorder. In May 2016, the company launched TREVICTA, as a maintenance treatment of schizophrenia in adult patients, who are clinically stable on XEPLION. TREVICTA has the longest dosing regimen of three months, but the medication requires lesser administration of drug compared with all other currently available treatments for schizophrenia.

Availability of drugs with novel mechanism of action (MoA)

The global schizophrenia therapeutics market has remained unchanged during the last few years due to no major drug approval and decreasing research funding in the schizophrenia drug space. Moreover, the side effects associated with the currently approved drugs, primarily antipsychotics, and their failure to effectively eliminate the symptoms of disease, demonstrate a high unmet need for newer antipsychotic drugs with a novel MoA.

“Major vendors are engaged in developing antipsychotics, which act via a novel MoA and represents greater superiority in efficacy as compared to traditional drugs. Vendors such as Eli Lilly are in the process of testing a new class of antipsychotic drugs that exert pharmacologic effects by acting as an agonist to improve efficacy,” says Sapna.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 208 123 1770
www.technavio.com

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