Global Tardive Dyskinesia Therapeutics Market Analysis & Forecast 2024-2034 - Hospital Pharmacies Lead Distribution Channels

News provided by

Feb 01, 2024, 05:30 ET

DUBLIN, Feb. 1, 2024 /PRNewswire/ -- The "Global Tardive Dyskinesia Therapeutics Market Analysis & Forecast to 2024-2034" report has been added to ResearchAndMarkets.com's offering.

The global tardive dyskinesia therapeutics market is poised for a significant upscale, with future projections estimating the market's worth to soar to USD 9.56 billion by 2034, from an initial valuation of USD 3.59 billion in 2023, further marking a robust compound annual growth rate (CAGR) of 9.31% over the forecast period.

Rising prevalence of neurological disorders, innovation in treatment options, and an increased focus on research and development are playing a pivotal role in fueling the market's expansion. Notably, the approval of new therapeutic solutions serves as a critical catalyst in the projected market growth.

Valbenazine, a leading drug in the present tardive dyskinesia therapeutics sphere, garnered the highest revenue in 2023, owing to heightened disease awareness and regulatory approvals. A consistent pursuit for novel treatment regimens is likely to propagate the rapid growth of the deutetrabenazine segment, in tandem with the escalating prevalence of neurological anomalies.

Hospital Pharmacies Lead Distribution Channels; Geographical Expansion Prevalent

When it comes to distribution, hospital pharmacies held the largest revenue share in 2023, largely due to the heavyweight preference for hospital-sourced medications and favorable regulatory environments. Meanwhile, the convenience and accessibility linked with drug stores and retail pharmacies are anticipated to propel them as the fastest-growing segment in the forthcoming decade.

From a regional standpoint, North America dominates the global market share for tardive dyskinesia therapeutics. The interplay between an aging populace, rampant rise in schizophrenia cases, advanced healthcare infrastructure, and regulatory milestones form the crux of this dominance. In pursuit of enriching the treatment landscape, the FDA's collaborations to review advanced drug formulations have solidified the market foundation in this region.

Concurrently, the Asia Pacific region is expected to experience an exponential CAGR, catalyzed by burgeoning R&D initiatives, increased healthcare spending, and the influx of innovative treatments.

Market Segmentation Reveals Diversified Investment Opportunities

The market's projection indicates opportunities spread across various segments. Detailed segmentation facilitates a granular approach to understanding the market's trajectory:

Tardive Dyskinesia Therapeutics Market by Drug
Tardive Dyskinesia Therapeutics Market by Distribution Channel
Tardive Dyskinesia Therapeutics Market by Region

The comprehensive analysis of the tardive dyskinesia therapeutics market encompasses multifaceted aspects, including the competitive landscape, therapeutic advancements, and evolving patient needs. It elucidates on the intersection between significant scientific breakthroughs and practical healthcare delivery, which serves as a foundation for stakeholders to navigate the shifting currents of the global healthcare sector.

This insightful market analysis, infused with empirical data and predictive analytics, offers invaluable intelligence to participants, underscoring the transformative trajectory of tardive dyskinesia therapeutics from 2024 to 2034.

Report Segmentation:

By Drug

Valbenazine
Deutetrabenazine
Others

By Distribution Channel

Online Pharmacies
Drug Stores & Retail Pharmacies
Hospital Pharmacies

Companies Profiled

Neurocrine Biosciences Inc
Teva Pharmaceutical Industries Ltd
Sanis
Mitsubishi Tanabe Pharma Corporation
AbbVie Inc.
Adamas Pharmaceuticals Inc
SteriMax Inc.
Sun Pharmaceutical Industries Ltd

For more information about this report visit https://www.researchandmarkets.com/r/fxtwa4

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets