In the year 2022, the global drug-induced dyskinesia market was In the fiscal year 2023, the market for drugs that cause dyskinesia is predicted to be worth US$ 399.8 million, up from US$ 382 million in the previous year. The global market is anticipated to expand at a consistent 4.25% CAGR from 2023 to 2033, reaching a value of US$ 620.2 Million by the end of that year.
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The global drug-induced dyskinesia market is predicted to grow at a stable CAGR through 2022, owing to the growing prevalence of drug-induced dyskinesia linked to an increased incidence of neurologic disorders such as schizophrenia, bipolar disorder, as well as Alzheimer’s disease. Additionally, increasing R&D efforts, a robust product pipeline, rising consumer awareness, desire for more potent therapies, technical advancements, and innovations in treatment all contributed to the market’s expansion throughout the projection period.
As per Mental Health America, 10 to 20 percent of people who have previously had long-term antipsychotic treatment will develop drug-induced dyskinesia. Also Neurocrine Bioscience states that drug-induced dyskinesia is now recognised as a widespread disorder by all physicians and psychiatrists. In contrast, drug-induced Dyskinesia is still thought to afflict 500,000 Americans annually. The expansion of the worldwide market for drug-induced dyskinesia medications may be hampered by a lack of knowledge about this illness and its treatment.
Region-wise, given the high incidence of drug-induced dyskinesia in the U.S., the North American market is anticipated to generate the highest revenue share. For instance, the U.S. recorded 5,00,000 instances of drug-induced dyskinesia in 2019. Additionally, a larger patient pool, the presence of major pharmaceutical companies, a focus on cutting-edge technology, the introduction of novel products, a robust product pipeline, an increasing adoption rate of new technologies and innovative therapies, improved health systems, government awareness campaigns, greater per capita disposable income, and expansion efforts by pharmaceutical companies are all factors driving the North American market growth during the forecast period.
Key Takeaways from the Market Study
The global drug-induced dyskinesia market is currently worth more than US$ 382 Million.
In 2023, the VMAT 2 segment by drug class is expected to take the dominant market share of 46%.
In 2023, considering the end-user type, the hospitals segment is predicted to gain a 32% market share.
The North American market for drug-induced dyskinesia is predicted to grow with a steady CAGR of 4.3% from 2023-2033.
The APAC for drug-induced dyskinesia is expected to grow with a steady CAGR of 3.5% during 2023-2033.
“During the next ten years, the market for drug-induced dyskinesia will grow robustly owing to increasing neuroleptic patients and rising elderly population. ” comments a Future Market Insights analyst.
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Competitive Landscape
N-Pro, Prevent Biometrics, Teva Pharmaceuticals, Neurocrine Bioscience, Sun Pharmaceutical Industries Ltd, SteriMax Inc., Lannett Co Inc, Adamas Pharmaceuticals, Inc, Sanis, AbbVie Inc., Dystonia Medical Research Foundation and Pharos: Illuminating the Druggable Genome.
Some notable advancements in the global market for drug-induced dyskinesia are:
At the American Mental Association Annual Meeting in May 2022, Neurocrine Biosciences presented different INGREZZA (valbenazine) findings on drug-induced dyskinesia improvements and stabilization of psychiatric symptoms.
The study discovered that long-term (48-week) care with once-daily INGREZZA (40 mg or 80 mg) led to significant clinician-rated as well as self-rated global advancements of drug-induced dyskinesia symptoms while maintaining psychiatric symptom consistency, regardless of the patient’s primary psychological condition.
In March 2022, Neurocrine Bioscience and Mitsubishi Tanabe Pharma Corporation shared the news that DYSVAL (Valbenazine), a medication used to treat drug-induced dyskinesia, has been given regulatory clearance in Japan.
According to their agreement, Neurocrine Biosciences will be entitled to royalty payments at scaled percentages on MTPC’s prospective net sales of valbenazine in Japan as well as other specified Asian markets. Mitsubishi Tanabe Pharma Corporation will be liable for all costs associated with the development, manufacturing, and commercialization of valbenazine.
More Valuable Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the drug-induced dyskinesia market, presenting historical demand data (2017-2022) and forecast statistics from 2023 to 2033.
The study divulges essential insights on the market based on the drug-induced dyskinesia market by drug class (dopamine-depleting medications, VMAT 2 inhibitors, gaba receptor agonist medications, anticholinergic medications), by end-user (hospitals and clinics), and regions.
Future Market Insights Domain Knowledge in Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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Key Segments Covered In The Drug-Induced Dyskinesia Market Report
Drug-Induced Dyskinesia Market By Drug Class:
Dopamine-Depleting Medications
Vmat2 Inhibitors
Gaba Receptor Agonist Medications
Anticholinergic Medications
Drug-Induced Dyskinesia Market By End User:
Hospitals
Clinics
Others
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