What is the current size and annual growth rate of the psychosis market?
The psychosis market size has grown strongly in recent years. It will grow from $9.88 billion in 2024 to $10.49 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing cases of mental health conditions, a growing need for mental health therapeutics, widespread adoption of typical antipsychotics, an inflating application of cognitive behavioral therapy, and the prevalence of stress-inducing global and economic conditions.
The psychosis market size is expected to see strong growth in the next few years. It will grow to $13.13 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to the rising prevalence of stress and associated risk factors, increasing mental health burdens due to lifestyle changes, rising government initiatives, the growing adoption of mindfulness-based interventions and therapy programs, and rising investments in mental health research and innovative treatments. Major trends in the forecast period include the introduction of novel drug therapies, advancements in diagnostic technologies, the introduction of innovative injectable drugs, the use of biomarkers, and the demand for personalized medicines.
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Which major factors have contributed to the expansion of the psychosis market?
The increasing cases of mental health conditions are expected to propel the growth of the psychosis market going forward. Mental health conditions are disorders that impact a person’s mood, thinking, behavior, and overall mental well-being. The increasing cases of mental health conditions are due to rising stress levels, lifestyle changes, social isolation, economic pressures, and genetic predisposition. Psychosis treatment support patients suffering with mental health issues through early diagnosis, medical intervention, and specialized treatments, leading to increased use of antipsychotic medications and therapy options. For instance, in 2024, according to the National Alliance On Mental Illness, a US-based organization, among people in the U.S. aged 18-44, psychosis spectrum and mood disorders account for nearly 600,000 hospitalizations each year. Therefore, the increasing cases of mental health conditions are driving the growth of the psychosis market.
How is the psychosis market segmented?
The psychosis market covered in this report is segmented –
1) By Product: Tablet, Capsule, Injection
2) By Disease Type: Schizophrenia, Bipolar Disorder, Unipolar Depression, Dementia, Other Disease Types
3) By Distribution Channel: Online, Offline
4) By End-User: Hospitals, Healthcare Clinics, Speciality Clinics, Other End-Users
Subsegments:
1) By Tablet: Antipsychotic Tablets, Mood Stabilizer Tablets
2) By Capsule: Antipsychotic Capsules, Antidepressant Capsules
3) By Injection: Long-acting Injectable Antipsychotics, Short-acting Injectable Antipsychotics
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Who are the top competitors in the psychosis market?
Major companies operating in the psychosis market are Pfizer Inc., Johnson & Johnson, AbbVie Inc., Bristol-Myers Squibb Company, AstraZeneca plc, Novartis International AG, GlaxoSmithKline plc, Takeda Pharmaceuticals Inc., Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Otsuka Pharmaceutical Co., Biogen Idec, Dr. Reddy’s Laboratories Ltd., Lundbeck A/S, Gedeon Richter, Alkermes, Supernus Pharmaceuticals, Acadia Pharmaceuticals, Neuron Pharmaceuticals, Mapi Pharma, Astellas Pharma Inc., Newron Pharmaceuticals S.p.A., Anavex Life Sciences, BioXcel Therapeutics
Which key trends are expected to influence the psychosis market in the coming years?
Major companies operating in the psychosis market are focusing on developing advanced virtual reality (VR) psychological therapy to improve treatment outcomes through interactive and personalized mental health interventions. Virtual reality (VR) psychological therapy is a mental health treatment that immerses individuals in controlled, computer-generated environments to alleviate distress, enhance cognitive function, and improve social skills through guided interventions, offering a safe and effective approach to symptom management. For instance, in April 2022, OxfordVR, a US-based digital therapeutics company, launched gameChangeVR to guide patients through cognitive behavioral therapy (CBT) in immersive, virtual scenarios. The automated VR therapy, delivered over six weekly sessions, showed significant benefits, particularly for those with severe psychological challenges, improving their paranoia and overall quality of life. This technology has the potential to significantly increase access to effective mental health care, addressing the shortage of clinicians and offering a scalable solution for treating millions of patients with severe mental illness.
Which regional trends are influencing the psychosis market, and which area dominates the industry?
North America was the largest region in the psychosis market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the psychosis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Psychosis Market Report 2025 Offer?
The psychosis market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Psychosis is a mental health condition where individuals lose touch with reality, experiencing hallucinations, delusions, and disorganized thinking. It is a symptom of various mental illnesses rather than a disorder itself. Early detection improves treatment outcomes, and effective care through medication, therapy, and support can help individuals regain stability.
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