Ziprasidone Market Growth by 2030: Rising Cases of Mental Health Issues and Mental Disorders

The latest market analysis report published by Reports and Data, titled ‘Global Ziprasidone Market – Forecast to 2030,’ thoroughly examines the Ziprasidone industry to provide essential data & information for the targeted readers.

The latest market analysis report published by Reports and Data, titled ‘Global Ziprasidone Market – Forecast to 2030,’ thoroughly examines the Ziprasidone industry to provide essential data & information for the targeted readers. The report consists of quantitative and qualitative research on the market performed by our market experts. The Ziprasidone industry report emphasizes the current and upcoming market revenue growth opportunities and trends. Moreover, the report offers key information on the industry statistics, as well as a wide range of dynamic factors including drivers, restraints, risks, challenges, threats, supply & demand ratios, production & manufacturing capacities, sales & distribution networks, cost & demand volatility, import/export ratios, profit margins, and macro-economic and micro-economic factors. The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview. Our market experts have determined the current financial positions of the leading industry players in the report leveraging advanced analytical tools such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.
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Market Overview:
The global Ziprasidone market size was significantly robust in 2021, and is expected to register rapid revenue CAGR over the forecast period. The revenue growth for the ziprasidone market is primarily driven by the use of the product in Hospitals and Drug stores as an effective antipsychotic for the treatment of mental disorders including Schizophrenia and Bipolar disorder.
Ziprasidone, also known as Geodon, is a second generation, atypical antipsychotic used in the treatment of schizophrenia and bipolar disorder, amongst others. The pills are made up of the hydrochloride salt, ziprasidone hydrochloride which rebalances dopamine and serotonin to improve the mood, and behavior. The increased use of the product is attributed to the rising cases of mental disorders worldwide. Furthermore, it can be injected into a muscle in the body in extreme cases providing instant relief. The increased demand for Ziprasidone is owing to its effectiveness in treatment of schizophrenia and bi-polar disorders. For instance, a report on Ziprasidone, published in The National Library of Medicine, U.S., last updated on May 8, 2022, showed the efficacy of the medicine in both short term and long term treatments cases leading to overall improvements in the manic syndrome subscale of patients. The preference for the product over other alternatives is attributed to its tendency of having relatively lesser effects on the weight and cholesterol levels of the patients on whom it is administered.
Another characteristic of Ziprasidone includes its ability of effectively controlling psychosis and agitation by causing much less sedation as opposed to the other alternatives. Moreover, lower quantities of ziprasidone are required to achieve the implied results, making it more convenient for patients. The demand rise can be attributed to the availability of the medicine in both forms as capsules and as a thick, liquid suspension which can be orally consumed, providing options for patients to choose as required. Moreover, the capsules are available in different dosage quantities making the process favorable and hassle free for the patients. Owing to the rising cases of mental health problems including schizophrenia and bipolar disorder, the market revenue for Ziprasidone is expected to register growth over the forecast period.
Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
• Pfizer (U.S.)
• Sandoz (Switzerland)
• Lupin Pharmaceuticals (India)
• Mylan Pharmaceuticals (U.S.)
• Apotex (Canada)
• Reddy’s Laboratories (India)
• Wockhardt (India)
• Aurobindo (India)
• Macleods Pharmaceuticals ( India)
• Zydus Pharmaceuticals (India)
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Ziprasidone Market Segmentation:
Method Outlook (Revenue, USD Billion; 2019-2030)
• Oral
• Intramuscular Injection
Application Outlook (Revenue, USD Billion; 2019-2030)
• Hospitals
• Drug stores
• Others
Regional Outlook:
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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