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Global Olanzapine Market to reach USD 2.21 billion by the end of 2030

Global Olanzapine Market Size study & Forecast, by Application (Schizophrenia, Bipolar Disorder, Others), by Route of Administration (Oral, Parenteral), by Distribution Channel (Hospital Pharmacies, Drug stores and Retail Pharmacies, Online Providers) and Regional Analysis, 2023-2030

Product Code: HLSDT-86906411
Publish Date: 20-02-2024
Page: 200

Global Olanzapine Market is valued at approximately USD 1.84 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 2.3% during the forecast period 2023-2030. Olanzapine is a medication used to treat certain mental health conditions, primarily schizophrenia and bipolar disorder. It belongs to a class of drugs called atypical antipsychotics. Olanzapine works by affecting the levels of certain neurotransmitters in the brain, such as dopamine and serotonin. These chemicals play a role in regulating mood, thoughts, and behavior. The Olanzapine Market is expanding because of factors such as the rising prevalence of schizophrenia in various regions, the surge in government initiatives to provide facilities for mental disorders and increasing consumer awareness regarding various mental disorders.

The Olanzapine Market is growing due to an increase in the frequency of neurological illnesses and a greater demand for the treatment of acute mania in bipolar disorders. Diseases such as schizophrenia are on the rise as the world’s population grows at a pace of more than 1% per year, and people aren’t receiving enough neutrinos. The prevalence of emotional and mental illnesses is rising as a result of changing lifestyles and increased job and life stress, which is expected to drive lucrative growth in the Olanzapine Market. According to the National Institute of Mental Health (NIH), 52.9 million adults in the United States experienced mental illness in 2020. As a result, an increase in the number of people suffering from mental illnesses that necessitate the use of olanzapine medicine to treat the condition drives market growth. Furthermore, according to World Health Organization (WHO) data in 2022, 1 out of every 8 individuals worldwide suffers from a mental condition. Additionally, in several regions, initiatives to expand investment in new Olanzapine medications are intensifying. This initiative tends to open up new development opportunities for the Olanzapine Market. However, the high cost of olanzapine and its adverse effects hampers the expansion of the Olanzapine Market throughout the forecast period of 2023-2030.

The key regions considered for the Global Olanzapine Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the factors such as the rising prevalence of mental diseases such as schizophrenia in the region, high insurance penetration and medical facilities, geographical expansion of key players in the region and favorable regulatory requirements. Asia Pacific is expected to grow significantly over the forecast period. This is attributed to increased government efforts to encourage a healthy lifestyle. Furthermore, the increasing number of medication stores and retail pharmacies selling olanzapine pharmaceuticals in the region contributes to market growth.

Major market player included in this report are:
Bristol-Myers Squibb Company
Dr. Reddy’s Laboratories Ltd
Endo International plc
Teva Pharmaceutical Industries Ltd
Sun Pharmaceutical Industries Ltd
Mylan N.V.
Novartis AG
Lupin Ltd.
Cipla Inc
Eli Lily and Company

Recent Developments in the Market:
Ø In November 2023, Royalty Pharma plc and Teva Pharmaceuticals International GmbH, a subsidiary of Teva Pharmaceutical Industries Ltd., have revealed a collaboration aimed at expediting the clinical research program for Teva’s olanzapine LAI (TEV-‘749). This collaboration involves a funding agreement valued at USD 125 million to cover program costs. This funding arrangement allowed company to continue to advance the development of olanzapine LAI (TEV-‘749), a vital initiative for Teva Pharmaceuticals, while preserving the company’s resources for more advanced and futuristic formulations.
Ø In October 2023, Coya Therapeutics, Inc., and Dr. Reddy’s Laboratories formed an exclusive collaboration to develop and commercialize COYA 302, an investigational combination therapy for ALS.
Ø In April 2023, CHEPLAPHARM announced that it had reached an agreement with Eli Lilly and Company to acquire the worldwide commercial rights to Zyprexa. The deal concerns the well-established and well-positioned olanzapine/olanzapine pamoate monohydrate (“OPM”) portfolio, which includes ZypAdhera / Relprevv (depot IM [2]), Zyprexa IM2 (IM), Zyprexa Zydis / Zyprexa Velotab (ODT form), and Zyprexa (oral form, tablets). This acquisition strengthens the company’s portfolio in the therapeutic field of the central nervous system and marks another milestone in CHEPLAPHARM’s success story.

Global Olanzapine Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Application, Route of Administration, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Bipolar Disorder

By Route of Administration:

By Distribution Channel:
Hospital Pharmacies
Drug stores and Retail Pharmacies
Online Providers

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Olanzapine Market, by Region, 2020-2030 (USD Billion)
1.2.2. Olanzapine Market, by Application, 2020-2030 (USD Billion)
1.2.3. Olanzapine Market, by Route of Administration, 2020-2030 (USD Billion)
1.2.4. Olanzapine Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Olanzapine Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Olanzapine Market Dynamics
3.1. Olanzapine Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising prevalence of schizophrenia worldwide Surge in government initiatives for mental disorders Increasing consumer awareness regarding mental diseases
3.1.2. Market Challenges High Cost of Olanzapine Adverse effects of formulations
3.1.3. Market Opportunities Advancements in olanzapine formulations Rising mental illness
Chapter 4. Global Olanzapine Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Olanzapine Market, by Application
5.1. Market Snapshot
5.2. Global Olanzapine Market by Application, Performance – Potential Analysis
5.3. Global Olanzapine Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
5.4. Olanzapine Market, Sub Segment Analysis
5.4.1. Schizophrenia
5.4.2. Bipolar Disorder
5.4.3. Others
Chapter 6. Global Olanzapine Market, by Route of Administration
6.1. Market Snapshot
6.2. Global Olanzapine Market by Route of Administration, Performance – Potential Analysis
6.3. Global Olanzapine Market Estimates & Forecasts by Route of Administration 2020-2030 (USD Billion)
6.4. Olanzapine Market, Sub Segment Analysis
6.4.1. Oral
6.4.2. Parenteral
Chapter 7. Global Olanzapine Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Olanzapine Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Olanzapine Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
7.4. Olanzapine Market, Sub Segment Analysis
7.4.1. Hospital Pharmacies
7.4.2. Drug stores and Retail Pharmacies
7.4.3. Online Providers
Chapter 8. Global Olanzapine Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Olanzapine Market, Regional Market Snapshot
8.4. North America Olanzapine Market
8.4.1. U.S. Olanzapine Market Application breakdown estimates & forecasts, 2020-2030 Route of Administration breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Olanzapine Market
8.5. Europe Olanzapine Market Snapshot
8.5.1. U.K. Olanzapine Market
8.5.2. Germany Olanzapine Market
8.5.3. France Olanzapine Market
8.5.4. Spain Olanzapine Market
8.5.5. Italy Olanzapine Market
8.5.6. Rest of Europe Olanzapine Market
8.6. Asia-Pacific Olanzapine Market Snapshot
8.6.1. China Olanzapine Market
8.6.2. India Olanzapine Market
8.6.3. Japan Olanzapine Market
8.6.4. Australia Olanzapine Market
8.6.5. South Korea Olanzapine Market
8.6.6. Rest of Asia Pacific Olanzapine Market
8.7. Latin America Olanzapine Market Snapshot
8.7.1. Brazil Olanzapine Market
8.7.2. Mexico Olanzapine Market
8.8. Middle East & Africa Olanzapine Market
8.8.1. Saudi Arabia Olanzapine Market
8.8.2. South Africa Olanzapine Market
8.8.3. Rest of Middle East & Africa Olanzapine Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Bristol-Myers Squibb Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Dr. Reddy’s Laboratories Ltd
9.3.3. Endo International plc
9.3.4. Teva Pharmaceutical Industries Ltd
9.3.5. Sun Pharmaceutical Industries Ltd
9.3.6. Mylan N.V.
9.3.7. Novartis AG
9.3.8. Lupin Ltd.
9.3.9. Cipla Inc
9.3.10. Eli Lily and Company
9.3.11. Research Process
9.4. Research Process
9.4.1. Data Mining
9.4.2. Analysis
9.4.3. Market Estimation
9.4.4. Validation
9.4.5. Publishing
9.5. Research Attributes
9.6. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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