Lurasidone Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 3.5 Billion by 2030, growing at a CAGR of 5% from 2024 to 2030.
The Lurasidone market has seen substantial growth, driven by its increasing application in psychiatric care and treatment. As a medication primarily prescribed for the treatment of major depressive disorder (MDD) and schizophrenia, Lurasidone is used in various settings, each catering to the specific needs of patients. The market is segmented by application, where key categories include hospitals, psychological clinics, and other healthcare providers. This report will delve into each of these subsegments, exploring the role of Lurasidone within these environments and identifying key trends and opportunities that are shaping the market landscape.
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Hospitals remain one of the largest applications of Lurasidone, largely due to the presence of a comprehensive range of specialized psychiatric care services. In hospitals, Lurasidone is commonly prescribed for patients dealing with schizophrenia and major depressive disorder. These facilities offer a full spectrum of care, ranging from acute psychiatric care to long-term inpatient treatment. Hospitals are equipped to monitor patients closely, ensuring that medications like Lurasidone are administered correctly and side effects are effectively managed. The hospital setting also provides a controlled environment for patients who may need intensive support during the early stages of their treatment. As more people with mental health issues are seeking inpatient care, the hospital segment is expected to continue expanding, driven by increasing mental health awareness and better insurance coverage.
Additionally, hospitals are adopting integrated mental health approaches that involve multidisciplinary teams including psychiatrists, psychologists, and social workers. This integrated care model, which emphasizes collaboration between different specialists, is highly beneficial when treating complex psychiatric conditions such as schizophrenia. Lurasidone’s application in hospitals is expected to grow due to its relatively favorable side effect profile compared to other antipsychotic medications, allowing it to be a preferred treatment option in these settings. With increasing investments in mental health infrastructure globally, the hospital segment will likely remain a pivotal player in the growth of the Lurasidone market.
Psychological clinics are another important application segment for Lurasidone, particularly for outpatient treatment of conditions like schizophrenia and major depressive disorder. These clinics provide a less intensive but highly specialized care environment for patients who may not require hospitalization but still need regular treatment and follow-up. In this setting, Lurasidone is often prescribed as part of a broader outpatient treatment regimen, combining medication with therapeutic interventions such as cognitive behavioral therapy (CBT). Psychological clinics are integral in providing long-term care and management, helping patients maintain mental stability in their everyday lives. As the stigma surrounding mental health continues to decrease and more people seek mental health care on an outpatient basis, the demand for medications like Lurasidone in psychological clinics is expected to rise.
Psychological clinics focus heavily on personalized care, which aligns with Lurasidone’s role in treating various mental health disorders. The relatively milder side effects of Lurasidone make it a preferred option for outpatient settings, where patients are expected to remain active in their day-to-day activities. Furthermore, clinics often offer a range of supportive services, such as counseling and mental health education, to help patients adhere to their treatment plans. As awareness and diagnosis of mental health disorders continue to grow, psychological clinics will play a significant role in the continued adoption of Lurasidone in the market.
The "Others" segment within the Lurasidone market encompasses a wide range of healthcare environments where this medication is used but does not necessarily fall within the traditional hospital or psychological clinic categories. This includes outpatient mental health centers, community-based care providers, rehabilitation centers, and even telemedicine platforms that offer psychiatric consultations. In these settings, Lurasidone is often prescribed for patients who are under ongoing care but may not require full-time institutional care. The versatility of Lurasidone, with its relatively manageable side-effect profile, makes it suitable for use in a variety of settings beyond hospitals and clinics. As telemedicine and remote healthcare services gain popularity, especially post-pandemic, the “Others” segment is poised for growth.
Within this segment, there is increasing adoption of Lurasidone in less conventional settings, such as patient homecare services, where patients can continue their treatment in a more comfortable and less restrictive environment. For example, community mental health teams often use Lurasidone to manage patients who are in recovery or in need of continued medication management. Rehabilitation centers also see the application of Lurasidone for long-term care, particularly for patients with co-occurring substance use disorders and psychiatric conditions. The continued expansion of alternative healthcare models will drive growth in this segment, opening up further opportunities for the Lurasidone market.
Several key trends are shaping the Lurasidone market, contributing to its growth and expansion. First, there is an increasing demand for newer antipsychotic medications that offer a better side-effect profile compared to traditional treatments. Lurasidone, known for its comparatively favorable safety profile, is gaining attention as a first-line treatment for schizophrenia and depression. Second, the growing awareness of mental health and the destigmatization of mental disorders are contributing to higher diagnosis rates, leading to a greater need for effective treatment options like Lurasidone. This is particularly evident in developing regions, where mental health awareness is on the rise.
Additionally, advances in telemedicine and online consultations are creating new avenues for the distribution of Lurasidone. Telepsychiatry platforms are increasingly offering psychiatric care and medication management services, which are expected to boost the adoption of Lurasidone in outpatient care. The growing emphasis on integrated healthcare, where psychiatrists collaborate with general practitioners and therapists, is also enhancing the reach of Lurasidone in multi-disciplinary settings. These trends are expected to continue shaping the market in the coming years, driving both demand and innovation.
The Lurasidone market presents several growth opportunities for stakeholders across the pharmaceutical and healthcare sectors. One significant opportunity is the potential for expanding Lurasidone’s use in the treatment of other mental health disorders, beyond schizophrenia and depression. Research into its efficacy for conditions such as bipolar disorder or post-traumatic stress disorder (PTSD) could open new therapeutic areas, expanding the medication’s patient base. Furthermore, there is an opportunity to improve patient adherence to treatment by integrating digital health technologies, such as medication tracking apps or virtual health assistants, with Lurasidone prescriptions. These tools can enhance the patient experience and ensure that they remain compliant with their treatment regimens.
Another major opportunity lies in emerging markets where access to psychiatric medications is still limited. As mental health services expand in countries with rising awareness and healthcare reforms, the demand for effective treatments like Lurasidone is expected to increase. This is especially true in Asia-Pacific, Latin America, and parts of Africa, where the need for psychiatric care is growing rapidly. Additionally, partnerships with healthcare providers and insurers to improve access to Lurasidone in these regions could drive significant market penetration. Overall, the Lurasidone market holds promising opportunities for both pharmaceutical companies and healthcare providers looking to expand their reach and improve patient outcomes.
1. What is Lurasidone used for?
Lurasidone is primarily used for treating schizophrenia and major depressive disorder.
2. How does Lurasidone work?
Lurasidone works by affecting the activity of neurotransmitters in the brain, particularly serotonin and dopamine.
3. What are the common side effects of Lurasidone?
Common side effects include drowsiness, nausea, weight gain, and restlessness.
4. Can Lurasidone be taken with other medications?
Lurasidone can interact with other medications, so it's essential to consult a healthcare provider before combining it with others.
5. Is Lurasidone safe for long-term use?
Lurasidone is generally considered safe for long-term use when monitored by a healthcare provider.
6. How is Lurasidone administered?
Lurasidone is typically taken in tablet form, once daily with food.
7. Can Lurasidone be used in children?
Lurasidone is approved for use in adolescents with schizophrenia, but should be prescribed by a healthcare provider.
8. Does Lurasidone cause weight gain?
Weight gain is a possible side effect of Lurasidone, though it is less common compared to other antipsychotics.
9. What should I do if I miss a dose of Lurasidone?
If you miss a dose, take it as soon as you remember unless it's close to your next dose time.
10. How does Lurasidone compare to other antipsychotics?
Lurasidone is considered to have a more favorable side effect profile compared to many other antipsychotic medications.
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Angelini Holding S.p.A.
Sumitomo Dainippon Pharma Co.
Ltd.
RemedyRepack，Inc.
Bushu Pharmaceutical
LTD.
Zhejiang Hisun Pharmaceutical Co.
Ltd.
Healthcare Pharmaceuticals Limited
Square Pharmaceuticals Ltd.
Incepta Pharmaceuticals Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Lurasidone Market
Hospital
Psychological Clinic
Others
Based on Types the Market is categorized into Below types that held the largest Lurasidone market share In 2023.
20mg/tablet
40mg/tablet
60mg/tablet
80mg/tablet
120mg/tablet
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Lurasidone Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Lurasidone Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Lurasidone Market, By Type
6. Global Lurasidone Market, By Application
7. Global Lurasidone Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Lurasidone Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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