Increasing mood swings amongst the population to push the bipolar disorder market

Bipolar disorder is a mental health condition that causes extreme mood swings, including emotional highs and lows. Although bipolar disorder is a lifelong condition, mood swings and other symptoms can be managed by following a treatment plan. In most cases, bipolar disorder is treated with medications and psychological counseling.

According to the research report, the global bipolar disorder treatment market was valued at USD 4.28 billion in 2021 and is expected to reach USD 5.56 Billion By 2030, growing at a CAGR of 3.1% during the forecast period.

Diagnosis of Bipolar Disorder

·???????Physical Exam: The doctor may carry out physical exams and lab tests to recognize any medical issues that could be causing the symptoms.

·???????Psychiatric Assessment: The patient's doctor may refer to a psychiatrist who would engage the patient in talks related to thoughts, feelings, and behavior patterns. The patient may also fill out a psychological self-assessment or questionnaire. Family members or close friends may be asked to offer information about the symptoms with permission.

Treatment is best guided by a medical doctor specializing in diagnosing and treating mental health conditions and is skilled in treating bipolar and related disorders. A treatment team can include a psychologist, a social worker, and a psychiatric nurse. Usually, the treatment involves:

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·???????Medications: Medication is required immediately to balance the moods right away.

·???????Continued Treatment: Bipolar disorder requires lifelong treatment with medications, even when the patient is feeling better. People who skip maintenance treatment are at a high risk of relapse of symptoms or undergoing minor mood changes that turn into full-blown mania and depression.

The growth of bipolar disorder is attributed to progression in innovation supporting the market development and the usage of cell phones, smartwatches, and wearable gadgets that work with precise recognition of a patient's state of mind and mental state and catches physiological conduct and natural information.

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Key Players

Some of the major market players operating the bipolar disorder treatment market include AbbVie Inc., Allergan plc, AstraZeneca, Eli Lilly, Gedeon Richter Plc., GlaxoSmithKline plc, H. Lundbeck A/S, Indivior PLC., Intra-Cellular Therapies Inc., Janssen Pharmaceuticals, Johnson & Johnson, Minerva Neurosciences, Novartis AG, Otsuka Holdings Co. Ltd., Pfizer Inc., Sumitomo Dainippon Pharma Co., Ltd., and Takeda Pharmaceutical Company Limited.

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