The cognitive impairment associated with schizophrenia
(CIAS) market is comprised of medications and drugs that help address cognitive
decline associated with schizophrenia. Cognitive deficits are a core feature of
schizophrenia and involve impairments in various domains including attention,
learning, memory, problem-solving and social cognition. These deficits severely
impact day-to-day functioning and long-term prognosis of schizophrenia
patients. The need for managing cognitive symptoms has been recognized with the
revised diagnostic and statistical manual of mental disorders, 5th edition
(DSM-5) criteria.
Increased
research into novel mechanisms and drug targets for treating cognitive
dysfunction is one of the key factors driving the market. Over the past few
years, there have been significant advances in understanding the biological
underpinnings of cognitive impairments associated with schizophrenia including
the role of glutamate dysfunction, inflammation and oxidative stress. This has
paved way for developing new pharmacological interventions targeting these
mechanisms.
Key Takeaways
Key players operating in the CIAS market
are Boehringer Ingelheim International GmbH, Neurocrine Biosciences, Recognify
Life Sciences, Atai Life Sciences, Kynexis.
The increasing prevalence of schizophrenia worldwide along with unmet need for
managing cognitive symptoms present significant growth opportunities in the
CIAS market. As per the WHO, over 21 million people suffer from schizophrenia
globally. However, existing therapies approved for psychotic symptoms have
shown limited efficacy in addressing cognitive impairments. This large
untreated patient pool will drive the demand for cognitive enhancing drugs in
the coming years.
Major players are actively pursuing regional and international expansion
strategies to tap the emerging markets. For example, Neurocrine Biosciences has
established commercial partnerships in China, Japan, Canada, Australia, Latin
America and other regions to market Ingrezza, an FDA approved treatment for tardive
dyskinesia with potential cognitive benefits. Atai Life Sciences is also
building a pipeline of compounds targeting various cognitive domains through
strategic partnerships in the USA and Europe.
Market Drivers
One of the key drivers of the CIAS market is increasing research funding for
conditions like schizophrenia. Over the past decade, major public and private
organizations like National Institutes of Health, Cures within Reach, and
pharmaceutical companies have increased funding for schizophrenia related
research. This has facilitated accelerated research into novel drug targets and
biomarkers related to cognitive impairments. As of 2022, over US$ 140 million
in public funding was committed for schizophrenia projects in the USA alone.
Market Restrains
High failure rate of drug trials is a major challenge restraining the growth of
CIAS market. Drug development for cognitive disorders like schizophrenia is
incredibly complex given incomplete understanding of disease pathology and
variability in cognitive domains. As per industry estimates, over 95% of
experimental drugs fail during clinical development due to lack of efficacy or
safety issues. This increases the cost and R&D risks for companies, slowing
the pace of new product introductions.
Segment Analysis
The Cognitive Impairment Associated with Schizophrenia (CIAS) market can be
segmented based on disease type, therapeutic class, distribution channels, and
geography. Within disease type, the positive symptom segment currently
dominates due to a high proportion of CIAS patients experiencing positive
symptoms such as hallucinations and delusions. Positive symptom drugs make up
the majority of current prescriptions.
Within therapeutic class, the antipsychotics segment holds the largest share owing
to widespread adoption of first-generation and second-generation antipsychotics
for treating positive and negative symptoms. However, the therapies targeting
cognitive deficits segment is expected to show high growth during the forecast
period, driven by development of novel drugs directly targeting cognitive
dysfunction.
Global Analysis
North America currently dominates the global CIAS market and is expected to
continue its dominance during the forecast period. This can be attributed to
growing awareness about cognitive impairment in schizophrenia, strong
healthcare systems, and high prevalence of mental health disorders in the
region. On the other hand, Asia Pacific is projected to witness the highest
CAGR over the forecast period. Rapidly developing healthcare infrastructure and
rising focus of global key players on expanding in emerging Asian countries are
boosting the APAC CIAS market.
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What
Are The Key Data Covered In This Cognitive Impairment Associated
With Schizophrenia Market Report?
:- Market
CAGR throughout the predicted period
:- Comprehensive
information on the aspects that will drive the Cognitive Impairment Associated
With Schizophrenia's growth between 2024 and 2031.
:- Accurate
calculation of the size of the Cognitive Impairment Associated With
Schizophrenia and its contribution to the market, with emphasis on the parent
market
:- Realistic
forecasts of future trends and changes in consumer behaviour
:- Cognitive
Impairment Associated With Schizophrenia Industry Growth in North America,
APAC, Europe, South America, the Middle East, and Africa
:- A
complete examination of the market's competitive landscape, as well as
extensive information on vendors
:- Detailed
examination of the factors that will impede the expansion of Cognitive
Impairment Associated With Schizophrenia vendors
About Author:
Ravina Pandya, Content Writer, has a strong foothold
in the market research industry. She specializes in writing well-researched
articles from different industries, including food and beverages, information
and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
*Note:
1. Source:
Coherent Market Insights, Public sources, Desk research
2.
We have leveraged AI tools to mine information and compile it
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