Hallucinations and Delusions Treatment Market Growth, Market Potential, End-User, Key Manufacturers, Competitive Analysis, Revenue Market and Forecast to 2027

Market Analysis: Global Hallucinations and Delusions Treatment Market

Hallucinations and delusions treatment market

Market Definition: Global Hallucinations and Delusions Treatment Market

Psychosis is a mental health problem that causes experience of things that do not exist or have no basis in reality. There are two main symptoms of psychosis that are hallucinations and delusions. Hallucinations are sensory experiences that occur without an actual stimulus. Delusions are the strong beliefs that are false and secret in the mind of the person having the delusion.

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The prevalence of delusions and hallucinations is estimated to be 0.02%. Men are more likely to have paranoid delusions than women and in some cases like delusions of erotomania, the prevelance in women is higher. The rising occurrence of hallucinations and delusions in people and increasing geriatric population will drive the growth of global hallucination and delusions treatment market.

Market Drivers

Rising prevalence of parkinson's disease and its complications drives the global hallucination and delusions treatment market

Increasing geriatric population that are highly vulnerable for hallucinations and delusions will contribute in market growth

Unmet need of medical treatments for hallucinations and delusions is a potential driver of market growth

Increase in the rate of R&D initiatives fuels up the treatment market


Market Restraints

High-cost therapies can impede the market growth

Lack of awareness about complications associated with hallucination and delusions obstructs the market growth


Segmentation: Global Hallucinations and Delusions Treatment Market

By Types of Delusions

Erotomanic

Somatic

Persecutory

Others


By Types of Hallucinations

Visual

Auditory

Olfactory

Others


By Treatment

Conventional Antipsychotics

Atypical Antipsychotics

Other Medications


By Route of Administration

Oral

Injectable


By End Users

Hospitals

Homecare

Specialty Clinics

Others


By Distribution Channels

Hospital Pharmacy

Online Pharmacy

Retail Pharmacy

Others


By Geography

North America

U.S.

Canada

Mexico


Europe

Germany

Italy

U.K.

France

Spain

Netherlands

Belgium

Switzerland

Turkey

Russia

Hungary

Lithuania

Austria

Ireland

Norway

Poland

Rest of Europe


Asia-Pacific

Japan

China

India

South Korea

Australia

Singapore

Malaysia

Thailand

Indonesia

Philippines

Vietnam

Rest of Asia-Pacific


South America

Peru

Brazil

Argentina

Rest of South America


Middle East and Africa

South Africa

Saudi Arabia

UAE

Kuwait

Israel

Egypt

Israel

Rest of Middle East & Africa



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Key Developments in the Market:

In September 2018, ACADIA Pharmaceuticals Inc. announced that the U. S. FDA issued a positive statement on Benefit-risk profile of Nuplazid (pimavanserin), a drug that is used for treatment of hallucination and delusions associated with Parkinson’s disease psychosis (PDP). This statement was based on a post marketing surveillance review of the drug. This positive statement resurrected the marketing of Nuplazid

In June 2018, ACADIA Pharmaceuticals Inc. received the U. S. FDA approval for a new formulation of Nuplazid (pimavanserin). Previously, nuplazid was recommended as two 17mg tablets. The new formulation is a 34 mg capsule single dose unit. This new dosage form of Nuplazid will reduce the pill burden maintaining the patient compliance


Competitive Analysis:

Global hallucinations and delusions treatment market

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Key Market Players:

Few of the major competitors currently working in the global hallucinations and delusions treatment market are ACADIA Pharmaceuticals Inc., GlaxoSmithKline plc., F. Hoffmann-La Roche Ltd, AbbVie Inc., Teva Pharmaceutical Industries Ltd., UCB S.A., Bausch Health, Merck & Co., Inc., Sanofi, Pfizer Inc., Johnson & Johnson Services, Inc., Mylan N.V., Alkermes, AstraZeneca, H. Lundbeck A/S, Cardinal Health, Autism Speaks Inc., Boehringer Ingelheim International GmbH, Mallinckrodt among others.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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