North American schizophrenia drugs market is estimated to grow significantly at a CAGR of 2.1% during the forecast period. This growth is backed by the increasing prevalence of extended work hours, work-related stress, and other issues that creates physical and mental repercussions including stress, major depression, hypertension. Other than job stress, rising prevalence of OCD, PTSD, acute stress disorder and anxiety disorders are other conditions that require proper medications and therapy thereby, driving the growth of the schizophrenia drugs market in North America. As per the several studies conducted by the American Institute of Stress (AIS), it was demonstrated that job stress is the major source of stress among American adults, which has intensified over the last decades. 

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North American 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 class. Among these therapeutic class, 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.

North American schizophrenia drugs market is segmented on the basis of countries, the US and Canada. The US held the largest market value, around 90%, in the North American schizophrenia drugs market due to ongoing research activities related to different types of medication and therapies for its treatment and the presence of some of the key market players, such as Eli Lilly and Co. Further, strategies adopted by these players such as acquisitions, mergers, investment in R&D activities and product launch are also estimated to have a positive impact on the growth of the schizophrenia drugs market in the region.

The companies which are contributing to the growth of the North American schizophrenia drugs market include Allergan PLC, Catalent, Inc., 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 North American 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. North American Schizophrenia Drugs Market Research and Analysis by Therapeutic Class
2. North American Schizophrenia Drugs Market Research and Analysis by Treatment

The Report Covers

• Comprehensive research methodology of the North American schizophrenia drugs 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 North American schizophrenia drugs market.
• Insights about market determinants which are stimulating the North American schizophrenia drugs market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.