ANTIMANIA DRUGS MARKET ANALYSIS

Regional Analysis

Global Antimania Drugs Market Regional Analysis

North America is expected to hold the highest market share in global antimania drugs market, owing to factors such as increasing technological advancements such as BiAffect app by  University of Illinois, Chicago that helps to facilitate accurate detection of a patient’s mood and mental state. For instance, in 2018, the University of Illinois, Chicago (UIC) launched BiAffect app, which helps to track manic disorder and depressive mood in the patient with biopolar disorder. Moreover, BiAffect app predict mood episodes by analyzing the stroke dynamics such as error and typing speed of the patient. Therefore, launch of BiAffect app is expected to drive demand of antimania drugs for the treatment of bipolar disorder.

Moreover, increasing approvals of drug such as Vraylar by U.S Food and Drug administration (FDA) for the treatment of bipolar disorder is another factor that is expected to boost global antimania drugs market growth. For instance, in May 2019, Allergan plc and Gedeon Richter Plc announced to receive the approval from the U.S Food Drug Administration for expanded use of Vraylar (cariprazine) in the treatment of depressive episodes associated with bipolar I disorder (bipolar depression) in adults.

Among regions, Europe is expected to hold the second highest market share in global antimania drug market, owing to increasing launches of new drugs for the treatment of bipolar disorder in Europe. For instance, in September 2019, LATUDA, an atypical antipsychotic agent was launched by Sumitomo Dainippon Pharma Co., Ltd., in China. LATUDA is used for the treatment bipolar depression. Additionally, the National Medical Products Administration (NMPA) has granted import drug license for LATUDA drug in China.