Asia-Pacific schizophrenia drug market is estimated to grow at a CAGR of 3.6% during the forecast period. Countries in Asia-Pacific that are contributing to the market growth include China, India, and Japan. The rising healthcare expenditure of the countries along with the huge R&D investment by major pharmaceutical companies of the region is anticipated to promote the growth of the Asia-Pacific schizophrenia drug market. Further, the rising investment and initiatives from the government of various emerging economies of Asia-Pacific such as China, India, Singapore, South Korea along with many other economies towards the adoption of a healthy lifestyle tend to accelerate the market share of schizophrenia drugs in the region.

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Asia-Pacific schizophrenia drugs market is classified on the basis of therapeutic class and treatment. Based on therapeutic class, the market is segmented into second-generation antipsychotics, third-generation antipsychotics, and other therapeutic classes. Among these therapeutic classes, the second-generation antipsychotics are majorly used in therapeutic classes for the treatment of schizophrenia. Based on treatment, the market is bifurcated into oral and injectables. The oral treatment solution dominates the market due to the presence of a large number of drug manufacturing companies in the region.

Geographically, the Asia-Pacific schizophrenia drug market is analyzed for China, Japan, India, and the Rest of Asia-Pacific. China contributed the major share in the Asia-Pacific schizophrenia drugs market in 2019 and is expected to retain at its position during the forecast period. The dominance of China in the Asia-Pacific market is mainly due to the presence of a substantial mental health workforce in the country. India is projected to exhibit a considerable CAGR in the Asia-Pacific schizophrenia drug market during the forecast period. 

The companies which are contributing to the growth of the Asia-Pacific schizophrenia drugs market include Allergan PLC, Otsuka Pharmaceutical Co., Ltd., Eli Lilly and Co., AstraZeneca PLC, and Johnson & Johnson Services, Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups, and technological advancements to stay competitive in the market. 

Research Methodology

The market study of the Asia-Pacific schizophrenia drugs market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. Asia-Pacific Schizophrenia Drugs Market Research and Analysis by Therapeutic Class
2. Asia-Pacific Schizophrenia Drugs Market Research and Analysis by Treatment

The Report Covers

• Comprehensive research methodology of the Asia-Pacific schizophrenia drug market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific schizophrenia drug market.
• Insights about market determinants which are stimulating the Asia-Pacific schizophrenia drugs market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.