Psychotic Disorders - United Arab Emirates

United Arab Emirates

Revenue in the Psychotic Disorders market is projected to reach US$34.09m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.03%, resulting in a market volume of US$34.13m by 2028.
In global comparison, most revenue will be generated in the United States (US$2,257.00m in 2024).
In relation to total population figures, per person revenues of US$0.33k are generated in 2024.

Key regions: Germany, France, United States, Australia, Japan

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Analyst Opinion

The Psychotic Disorders market in United Arab Emirates is showing steady growth due to several factors.

Customer preferences: Customers in United Arab Emirates are increasingly seeking treatment and support for psychotic disorders. This can be attributed to a growing awareness and understanding of mental health issues, as well as a decrease in the stigma associated with seeking help for these conditions. As a result, more individuals are willing to seek medical assistance and adhere to treatment plans.

Trends in the market: One of the key trends in the Psychotic Disorders market in United Arab Emirates is the adoption of innovative treatment options. There is a growing interest in alternative therapies, such as cognitive behavioral therapy and mindfulness-based interventions, in addition to traditional pharmacological treatments. This trend aligns with a global shift towards a more holistic approach to mental health treatment. Another trend in the market is the increasing use of telemedicine and online platforms to provide mental health services. This allows individuals in remote areas or with limited access to healthcare facilities to receive the necessary support and treatment. The convenience and privacy offered by these platforms have contributed to their popularity among patients.

Local special circumstances: United Arab Emirates has a diverse population, with a significant expatriate community. This diversity brings unique challenges in terms of providing mental health services that cater to the needs of different cultural backgrounds. Healthcare providers in the country are increasingly focusing on cultural competency and tailoring treatment plans to meet the specific needs of each patient. This includes considering cultural beliefs and practices when developing treatment strategies.

Underlying macroeconomic factors: The overall economic growth and development in United Arab Emirates have provided a favorable environment for the growth of the Psychotic Disorders market. As the country continues to invest in healthcare infrastructure and services, there is an increased availability and accessibility of mental health resources. This has resulted in a higher demand for services and a corresponding growth in the market.In conclusion, the Psychotic Disorders market in United Arab Emirates is experiencing steady growth due to increasing customer preferences for treatment and support, the adoption of innovative treatment options, the use of telemedicine, and the focus on cultural competency. The underlying macroeconomic factors, such as economic growth and investment in healthcare infrastructure, have also contributed to the development of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on companies' revenues, international institutes data, and global consumer survey data. Revenues refer to the retail value and include sales taxes.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use financial reports and third-party data. Next, we use relevant key market indicators and data from country-specific associations such as healthcare spending per capita, medical product spending per capita, and gross domestic product per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, S-Curve function, ARIMA time series model and exponential curve function. Data is modeled using current exchange rates.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. GCS data is reweighted for representativeness.