Psychotropic Pharmaceuticals Market Analysis, Trends and Future Outlook, Size, Strategies and Forecasts to 2025


New York, NY — 01/11/2018 — Psychotropic pharmaceutical is commonly administered to elderly patients to manage psychiatric symptoms and manage behavior. They include antidepressants, anxiolytics, stimulants, antipsychotics and mood stabilizers. Antidepressants are commonly used to treat depression (both unipolar and bipolar depression), anxiety, pain, and insomnia. Anxiolytics are used to anxiety, panic attacks, posttraumatic stress disorder and obsessive-compulsive disorder. Stimulants are used to increase alertness, and attention as well as heart rate, blood pressure, and respiration. They are most commonly used in attention deficit hyperactive disorder.

Antipsychotics are used to manage psychosis include schizophrenia, psychotic depression, acute mania and drug-induced psychosis. They work by blocking dopamine receptors. Mood stabilizers are used to mood swings associated with the particular medical condition and bipolar disorder. Most possible side effects of psychotropic pharmaceuticals include nausea, vomiting, confusion, tiredness, drowsiness, fatigue, nervousness, and others. Psychotropic pharmaceuticals primarily act as antagonists or agonists of neurotransmitter receptors or blocker of stimulants and neurotransmitter membrane transporter or inhibitor of regulatory enzymes.

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Raising prevalence of mental disorders along with increasing geriatric population in developed countries boost the demand for the psychotropic pharmaceutical market. Generally, geriatric population is at high risk of mental disorders. According to WHO, one in four in the global population is affected by neurological or mental disorder at some point in their lives. Around 450 million currently suffers from such neurological or mental conditions and neurological conditions are considered leading cause of illness worldwide. Because of rising prevalence, there is a huge demand for safe and effective psychotropic pharmaceuticals.

Along with the demand, government bodies and public organizations are actively involved in raising awareness regarding the neurological conditions. Psychotropic pharmaceuticals play a crucial role in managing the mental disorders. Manufacturers are also actively involved in innovation to provide the drug in effective and safe manners because few psychotropic drugs come under drug of abuse category. All these factors drive the burgeoning growth of the psychotropic pharmaceutical market.

Psychotropic pharmaceuticals are majorly associated with adverse effects which restrain the growth of psychotropic pharmaceutical market

The key participants in Psychotropic Pharmaceuticals Market are Teva Pharmaceuticals Inc., Novartis AG, Mylan N.V., AstraZeneca Plc., Sun Pharmaceuticals Ltd., and others. The companies are mainly focusing on intense marketing to convey benefits of Psychotropic Pharmaceuticals.

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