The Lithium Therapy Market is poised for a 2.3% increase in value, reaching USD 128.6 Million by 2027 from 2019. Employed as an antipsychotic for bipolar disorder treatment, Lithium Therapy may also be utilized in conjunction with antidepressants for specific conditions.
The surge in the elderly population is expected to fuel market demand, with projections from the World Health Organization indicating a significant rise in individuals aged 65 and above, particularly in developing economies. The aging population, susceptible to spinal disorders due to facet joint deterioration, contributes to the market’s expansion.
The prevalence of bipolar disorder in geriatric patients highlights the connection between the global aging population and individuals with this condition. The Asia Pacific region is set to experience the swiftest market growth, attributed to improved healthcare infrastructure, increased investments, and enhanced reimbursement scenarios.
The report provides comprehensive statistics on lithium therapy from 2016 to 2027, emphasizing market size, dosage forms, distribution channels, and regulatory frameworks. The study also includes an examination of competitors’ pricing strategies, ongoing clinical trials, and market trends, offering strategic recommendations for new entrants.
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Salient Trends in the Lithium Therapy Market:
- Approximately 3.0% of globally produced lithium is utilized in the healthcare sector.
- Lithium enhances the efficacy of various agents in severe and long-term bipolar disorder therapy.
- Patients undergoing lithium therapy need regular monitoring of lithium-ion levels to prevent toxic effects.
- In 2016, lithium was the 222nd most prescribed therapy in the U.S.
- Lithium salts exhibit potential effectiveness in treating Alzheimer’s disease.
The market, valued at USD 103.9 Million in 2018, is expected to reach USD 128.6 Million by 2027. Generic products are anticipated to grow rapidly, with online-retail pharmacies projected to witness the fastest growth. North America dominates the market, while Europe is expected to observe a growth rate of 2.1% from 2018-2019.
Key Player Covered In This Report:
- Pfizer,
- Alkem,
- Sun Pharma,
- Apotek Corp.,
- Glenmark Generics,
- Intas,
- Taurus Labs,
- GlaxoSmithKline,
- Noven Pharmaceuticals,
- Cardinal Health,
- among others.
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Segments Covered in the Report:
- Product Type: Generic, Branded
- Dosage Form: Capsule, Solution, Tablet, Extended Release, Tablet
- Distribution Channel: Hospital & Clinic Pharmacies, Online-Retail Pharmacies, Offline-Retail Pharmacies
- Region: North America, Europe, Asia Pacific, Latin America, MEA
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Key Questions Answered by the Report:
- Total market size of the lithium therapy treatment market in 2018?
- Forecast period in the market report?
- Base year calculated in the lithium therapy treatment market?
- Estimated growth rate of the Asia Pacific region?
- Region holding the largest market share of the lithium therapy treatment market?
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