Hallucinations and Delusions Treatment Market -t
Hallucinations and Delusions
Treatment Market - Industry Trends and Forecast to 2027 with key players like ACADIA
Pharmaceuticals Inc., GlaxoSmithKline plc., F. Hoffmann-La Roche Ltd, AbbVie
Inc., Teva Pharmaceutical Industries Ltd., UCB S.A., Bausch Health, Merck &
Co., Inc
Hallucinations
and Delusions Treatment Market By Types of Delusions (Erotomanic, Somatic,
Persecutory and Others), Types of Hallucinations (Visual, Auditory, Olfactory
and Others), Treatment Type (Conventional Antipsychotics, Atypical
Antipsychotics and Others Medications), Route of Administration (Oral,
Injectable and Others), End Users (Hospitals, Homecare, Specialty Clinics,
Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail
Pharmacy, Others), Geography (North America, South America, Europe,
Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2027
Market Analysis: Global
Hallucinations and Delusions Treatment Market
Global hallucinations
and delusions treatment market is rising gradually with a substantial CAGR in
the forecast period of 2021-2027. The report contains data of the base year
2019 and historic year 2018. Unmet need of medical therapies and increasing
research and development of newer treatment options for hallucination and
delusions are some factors that are expected to drive the market growth.
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Market Definition:
Global Hallucinations and Delusions Treatment Market
Psychosis is a mental
health problem that causes experience of things that do not exist or have no
basis in reality. There are two main symptoms of psychosis that are
hallucinations and delusions. Hallucinations are sensory experiences that occur
without an actual stimulus. Delusions are the strong beliefs that are false and
secret in the mind of the person having the delusion.
The prevalence of
delusions and hallucinations is estimated to be 0.02%. Men are more likely to
have paranoid delusions than women and in some cases like delusions of
erotomania, the prevelance in women is higher. The rising occurrence of
hallucinations and delusions in people and increasing geriatric population will
drive the growth of global hallucination and delusions treatment market.
Market Drivers
Rising prevalence of
parkinson's disease and its complications drives the global hallucination and
delusions treatment market
Increasing geriatric
population that are highly vulnerable for hallucinations and delusions will
contribute in market growth
Unmet need of medical
treatments for hallucinations and delusions is a potential driver of market
growth
Increase in the rate of
R&D initiatives fuels up the treatment market
Market Restraints
High cost therapies can
impede the market growth
Lack of awareness about
complications associated with hallucination and delusions obstructs the market
growth
Segmentation: Global
Hallucinations and Delusions Treatment Market
By Types of Delusions
· Erotomanic
· Somatic
· Persecutory
· Others
By Types of Hallucinations
· Visual
· Auditory
· Olfactory
· Others
By Treatment
· Conventional Antipsychotics
· Atypical Antipsychotics
· Other Medications
By Route of Administration
· Oral
· Injectable
By End Users
· Hospitals
· Homecare
· Specialty Clinics
· Others
By Distribution Channels
· Hospital Pharmacy
· Online Pharmacy
· Retail Pharmacy
· Others
By Geography
· North America
· U.S.
· Canada
· Mexico
· Europe
· Germany
· Italy
· U.K.
· France
· Spain
· Netherlands
· Belgium
· Switzerland
· Turkey
· Russia
· Hungary
· Lithuania
· Austria
· Ireland
· Norway
· Poland
· Rest of Europe
· Asia-Pacific
· Japan
· China
· India
· South Korea
· Australia
· Singapore
· Malaysia
· Thailand
· Indonesia
· Philippines
· Vietnam
· Rest of Asia-Pacific
· South America
· Peru
· Brazil
· Argentina
· Rest of South America
· Middle East and Africa
· South Africa
· Saudi Arabia
· UAE
· Kuwait
· Israel
· Egypt
· Israel
· Rest of Middle East & Africa
Key Developments in the Market:
In September 2018,
ACADIA Pharmaceuticals Inc. announced that the U. S. FDA issued a positive
statement on Benefit-risk profile of Nuplazid (pimavanserin), a drug that is
used for treatment of hallucination and delusions associated with Parkinson’s
disease psychosis (PDP). This statement was based on a post marketing
surveillance review of the drug. This positive statement resurrected the
marketing of Nuplazid
In June 2018, ACADIA
Pharmaceuticals Inc. received the U. S. FDA approval for a new formulation of
Nuplazid (pimavanserin). Previously, nuplazid was recommended as two 17mg
tablets. The new formulation is a 34 mg capsule single dose unit. This new dosage
form of Nuplazid will reduce the pill burden maintaining the patient compliance
Competitive Analysis:
Global
hallucinations and delusions treatment market is highly fragmented and the
major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of hallucinations and delusions treatment market for Global, Europe, North
America, Asia-Pacific, South America and Middle East & Africa.
Key Market Players:
Few of the major
competitors currently working in the global hallucinations and delusions
treatment market are ACADIA Pharmaceuticals Inc., GlaxoSmithKline plc., F.
Hoffmann-La Roche Ltd, AbbVie Inc., Teva Pharmaceutical Industries Ltd., UCB
S.A., Bausch Health, Merck & Co., Inc., Sanofi, Pfizer Inc., Johnson &
Johnson Services, Inc., Mylan N.V., Alkermes, AstraZeneca, H. Lundbeck A/S,
Cardinal Health, Autism Speaks Inc., Boehringer Ingelheim International GmbH,
Mallinckrodt among others.
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