Schizophrenia Market Research Report - Forecast till 2030

Schizophrenia Market Research Report Information by Type (Paranoid Schizophrenia, Hebephrenic Schizophrenia, Catatonic Schizophrenia and Undifferentiated Schizophrenia), Treatment {Second-Generation Antipsychotics [Risperdal (Risperidone), Invega (Paliperidone), Zyprexa (Olanzapine), Geodon (Ziprasidone), Seroquel (Quetiapine), Latuda (Lurasidone)], Third-Generation Antipsychotics and others}, Route of Administration (Oral and Injectables) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2030

ID: MRFR/Pharma/1094-HCR | 90 Pages | Author: Rahul Gotadki | March 2024         

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Global Schizophrenia Market Overview


Schizophrenia Market Size was valued at USD 5.5 billion in 2022 and is projected to grow from USD 5.76 Billion in 2023 to USD 8.06 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period (2023 - 2030). The increasing awareness about mental health, better insurance coverage for mental health treatments, and advancements in technology and therapies are also contributing to the market growth of the schizophrenia. These are just a few of the market drivers that are driving the market.
Schizophrenia Market Overview
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Schizophrenia Market Trends


Unmet demand for Schizophrenia medication to propel the market growth


The major contributing factor driving the market growth of the schizophrenia is the high unmet medical needs and increasing funding for research and development. This has resulted in the developing of new and innovative drugs with improved efficacy and safety profiles, thus contributing to the market growth of the schizophrenia. Additionally, partnerships and collaborations between pharmaceutical companies, academic institutions, and government organizations to develop and commercialize new drugs are expected further to drive the market growth of the schizophrenia. Thus, this factor is driving the market CAGR.


Additionally, advancements in the field of neuroimaging, genetics and neurochemistry have improved the understanding of the underlying causes of schizophrenia and paved the way for the development of new and more effective drugs. Furthermore, the rise in public-private partnerships, investment in R&D, and favorable reimbursement policies in many countries are also driving the growth of the market.


Figure 1: Mental disorders population and demograpic
Mental disorders population and demograpic
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Furthermore, mental health awareness is increasing globally, leading to a greater emphasis on treating mental disorders. Laws like the ones in the US that require parity in mental and physical health care reimbursement also contribute to the growth of the schizophrenia industry. Thus, it is anticipated that this aspect will accelerate schizophrenia market revenue globally.


Schizophrenia Market Segment Insights


Schizophrenia Type Insights


The market segments of schizophrenia, based on type, includes paranoid schizophrenia, hebephrenic schizophrenia, catatonic schizophrenia and undifferentiated schizophrenia. The paranoid schizophrenia segment held the majority share in 2022 in the schizophrenia market data. Paranoid schizophrenia is a subtype of schizophrenia characterized by symptoms such as delusions of persecution or grandeur and auditory hallucinations. The majority market share of the schizophrenia in 2022 can be attributed to the high prevalence of paranoid schizophrenia among patients and the increasing demand for effective treatment options.


Schizophrenia Treatment Insights


The schizophrenia market segmentation, based on treatment, includes second-generation antipsychotics, third-generation antipsychotics. The second-generation antipsychotics segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The second generation of antipsychotic drugs is expected to generate the highest revenue in the forecast period due to their greater efficacy and safety compared to first-generation drugs. The development of second and third-generation drugs, also known as atypical antipsychotics, was driven by the need to address the serious adverse reactions associated with first-generation drugs, which often worsened the patient's condition.


Figure 2: Schizophrenia Market, by Treatment, 2022 & 2030 (USD Billion)
Schizophrenia Market, by Treatment, 2022 & 2030
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Schizophrenia Route of Administration Insights


The market data of schizophrenia, based on route of administration, includes oral, and injectables. The injectables segment dominated the market revenue of schizophrenia in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The injectable form of schizophrenia drugs helps reduce the risk of relapses, a major concern for patients and healthcare providers. By preventing non-adherence to drugs, these LAIs ensure that the medication stays in the body for a longer time, reducing the risk of cognitive and brain damage from relapses. This is a key advantage of the injectable form of schizophrenia drugs and is expected to drive the market growth of schizophrenia in the forecast period.


Schizophrenia Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America schizophrenia market is expected to exhibit a significant CAGR growth during the study period. The increasing aging population and the presence of robust healthcare infrastructure, and high healthcare spending in the region are expected to drive the market growth of schizophrenia. In addition, the increasing focus on research and development activities, favorable regulatory scenarios, and high demand for innovative and advanced treatments are also driving market growth in North America. Moreover, the high awareness among the population and the high disposable income of individuals in the region are expected to fuel the demand for schizophrenia drugs in North America. New product development, partnerships, partnerships, expansions, mergers, and acquisitions are the main strategies used by the organizations in the market.


Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 3: SCHIZOPHRENIA MARKET SHARE BY REGION 2022 (%)
SCHIZOPHRENIA MARKET SHARE BY REGION 2022
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe market of Schizophrenia accounts for the second-largest market share. The strong healthcare infrastructure, increasing patient awareness, and availability of innovative products are also driving the market growth of the schizophrenia in Europe. In addition, the presence of a large patient population and well-established healthcare systems in the region is expected to further driving market growth of schizophrenia. Moreover, UK market of schizophrenia held the largest share, and the Germany market of schizophrenia was the fastest growing in the region.


Asia Pacific Schizophrenia Market is expected to grow at the fastest CAGR from 2022 to 2030. The growing burden of mental illness and schizophrenia, as well as the growing geriatric population and increasing healthcare spending, are also expected to contribute to the development of the market of schizophrenia in the Asia Pacific. The favorable government initiatives to increase the healthcare sector, improve patient access to treatments, and boost the development of the pharmaceutical industry are further contributing to the market growth of schizophreniain the region. Additionally, higher consumer disposable incomes per capita have contributed to an increase in schizophrenia drug sales. Further, the China Schizophrenia market held the largest market share, and the India Schizophrenia market was the fastest growing market in the region.


Schizophrenia Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the schizophrenia industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


One of the primary business strategies adopted by manufacturers in the schizophrenia industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, schizophrenia industry has provided medicine with some of the most significant benefits. The Schizophrenia market major player such as Johnson & Johnson, Bristol-Myers Squibb and Company/Otsuka Pharmaceuticals, AstraZeneca, Eli Lilly, Alkermes, Sumitomo Dainippon Pharma, Pfizer.


Alkermes has a diverse product portfolio, including commercialized products such as Aristada (aripiprazole lauroxil), Vivitrol (naltrexone for extended-release injectable suspension), and Invega Trinza (paliperidone palmitate). The company also has multiple pipeline programs focused on CNS disorders like schizophrenia and depression. Alkermes is continuously working towards developing and commercializing innovative medicines for CNS disorders to address unmet medical needs and enhance patients' lives. In June 2021, the FDA approval of LYBALVI was a significant milestone for Alkermes plc as it expanded its product portfolio for CNS disease treatment and helped meet the unmet needs of patients with bipolar disorder and schizophrenia.


Sumitomo Pharma is a leading pharmaceutical company in Japan specializing in developing, manufacturing, and selling pharmaceutical products, including drugs for schizophrenia, diabetes, and cancer. The company's commitment to researching and developing innovative medicines for unmet medical needs has led to its strong presence in the Japanese and markets. The company proposed a supplemental New Drug Application (sNDA) for Paliperidone Palmitate 6-Month (PP6M) to the U.S. Food and Drug Administration (FDA) in November 2020, which is indicated for treating adults with schizophrenia. The approval of this drug would make it the only long-acting injectable (LAI) schizophrenia medication with a twice-yearly dosing regimen.


Key Companies in the Schizophrenia market includes



  • Johnson & Johnson

  • Bristol-Myers Squibb and Company/Otsuka Pharmaceuticals

  • AstraZeneca

  • Eli Lilly

  • Alkermes

  • Sumitomo Dainippon Pharma

  • Pfizer

  • Vanda Pharmaceuticals

  • Allergan/Geodon Ritcher


Schizophrenia Industry Developments


May 2021:The BTD is intended to expedite the development and review of a drug for serious or life-threatening illnesses when preliminary clinical evidence indicates that the drug may offer substantial clinical benefit. This designation was granted based on positive results from early clinical trials demonstrating the potential for BI 425809 to provide significant improvement in cognitive function for patients with schizophrenia.


June 2020:The launch of LATUDA is expected to enhance the company's product portfolio and increase its presence in the schizophrenia therapeutics market. LATUDA is indicated for the therapy of schizophrenia and as monotherapy therapy to lithium or valproate for the acute therapy of manic or mixed episodes associated with bipolar I disorder.


Schizophrenia Market Segmentation


Schizophrenia Type Outlook (USD Billion, 2018-2030)



  • Paranoid Schizophrenia

  • Hebephrenic Schizophrenia

  • Catatonic Schizophrenia and Undifferentiated Schizophrenia


Schizophrenia Treatment Outlook (USD Billion, 2018-2030)



  • Second-generation antipsychotics

  • Third-generation antipsychotics


Schizophrenia Route of Administration Outlook (USD Billion, 2018-2030)



  • Oral

  • Injectables


Schizophrenia Regional Outlook (USD Billion, 2018-2030)




  • North America



    • US

    • Canada




  • Europe



    • Germany

    • France

    • UK

    • Italy

    • Spain




  • Rest of Europe




  • Asia-Pacific



    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific




  • Rest of the World




    • Middle East




    • Africa




    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 5.5 billion
Market Size 2023 USD 5.76 billion
Market Size 2030 USD 8.06 billion
Compound Annual Growth Rate (CAGR)  4.9% (2023-2030)
Base Year 2022
Market Forecast Period 2023-2030
Historical Data 2018 - 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Treatment, Route of Administration and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Johnson & Johnson, Bristol-Myers Squibb and Company/Otsuka Pharmaceuticals, AstraZeneca, Eli Lilly, Alkermes, Sumitomo Dainippon Pharma, Pfizer
Key Market Opportunities Catering to people in their twenties for early sings of the illness
Key Market Dynamics Unmet demand for schizophrenic drugs




Frequently Asked Questions (FAQ) :

The Schizophrenia market size was valued at USD 5.5 Billion in 2022.

The market is projected to grow at a CAGR of 4.9% during the forecast period, 2022-2030.

North America had the largest share in the market

The key players in the market are Johnson & Johnson, Bristol-Myers Squibb and Company/Otsuka Pharmaceuticals, AstraZeneca, Eli Lilly, Alkermes, Sumitomo Dainippon Pharma, Pfizer

The paranoid schizophrenia category dominated the market in 2022.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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