Philippines ADHD (Attention Deficit Hyperactivity Disorder) Therapeutic Market Analysis

Philippines ADHD (Attention Deficit Hyperactivity Disorder) Therapeutic Market Analysis


$ 3999

Philippines Attention Deficit Hyperactivity Disorder (ADHD) therapeutics market is projected to witness growth from $65 Mn in 2022 to $120 Mn in 2030 with a CAGR of 8% for the year 2022-30. The increase in ADHD awareness in the Philippines as a result of various government initiatives to spearhead information about ADHD is the major growth driver of the market. The Philippines ADHD therapeutics market is segmented by drug, drug type, demographics, and by distribution channel. Farmacia Medica, Phil Pharmawealth, and Eli Lily are some of the key players in the market.

ID: IN10PHPH028 CATEGORY: Pharmaceuticals GEOGRAPHY: Phillipines AUTHOR: Parul Choudhary

Buy Now

Philippines Attention Deficit Hyperactivity Disorder (ADHD) Therapeutics Market Executive Analysis

The Philippines Attention Deficit Hyperactivity Disorder (ADHD) therapeutics market size is at around $65 Mn in 2022 and is projected to reach $120 Mn in 2030, exhibiting a CAGR of 8% during the forecast period. The Philippines national budget for 2023 is $96 Bn or 22.2% of GDP. The majority of this, or 66.4%, is allocated to national government organizations. (NGAs). Social Services will account for $38 Bn, or 39.2%, of the planned National Budget of which $5.63 Bn will go to healthcare services. Hospital treatments will cost $0.22 Bn. Health insurance services account for $0.24 Bn. Services for public health receive $0.093 Bn.

One of the most prevalent childhood mental illnesses, Attention Deficit Hyperactivity Disorder (ADHD) is thought to impact 3 to 5 % of Filipinos between the ages of 0 and 14 years. People who have ADHD are afflicted with a condition that is defined by inappropriately high levels of impulsivity, hyperactivity, or inability to focus. Symptoms are frequently severe enough to impair social and scholastic performance. The origin of ADHD is still a mystery. The bulk of researchers, however, propose a neurological basis. Chemicals that communicate with the brain malfunction in children with ADHD. ADHD may be accompanied by a decrease in activity in the regions of the brain that regulate attention and degree of activity. Further research has shown that ADHD is inherited, which is why it often runs in families. Male and female relatives of children with ADHD are more prone to have the condition than the general population.

Stimulants and non-stimulants are the two primary types of medications used to treat ADHD in the Philippines. Antidepressants are also utilized occasionally. The most popular form of therapy for kids and teenagers is stimulants. This kind of medication is typically the first one a doctor will attempt. Stimulants have a lengthy history of use and are thoroughly studied. They support the brain's ability to regulate behavior, focus, and impulses. Several stimulants are Amphetamine (Adzenys XR-ODT), Amphetamine/dextroamphetamine (Adderall, Adderall XR), Dexmethylphenidate (Focalin, Focalin XR), Dextroamphetamine (Dexedrine), Lisdexamfetamine (Vyvanse), Methylphenidate (Concerta, Daytrana, Metadate, Methylin, Ritalin, Quillivant XR). The testing of non-stimulants is less extensive. They function differently than stimulants, but they can aid in impulse control and focus. Atomoxetine (Strattera), Clonidine ER (Kapvay), Guanfacine ER (Intuniv), and Viloxazine (Qelbree) are some of the non-stimulants used in the treatment of ADHD in the Philippines.

philippines attention deficit hyperactivity disorder therapeutics market

Market Dynamics

Market Growth Drivers

More patients with ADHD are likely to be diagnosed and seek treatment as awareness of the disorder rises in the Philippines. This is anticipated to increase demand for ADHD treatments and drugs. The main factors influencing the growth of the Philippines ADHD therapeutics market are the measures taken by the government to raise awareness of the condition, its treatment, and funding for the drugs for a cure. (ADHD). For example, The National Council on Disability Affairs (NCDA) leads National Attention Deficit Hyperactivity Disorder (ADHD) celebration on October 16-22 – “Declaring Every Third Week of October and Every Year Thereafter as the “National Attention Deficit Hyperactivity Disorder” directing ADHD Society Philippines to spearhead the celebration in partnership with various government and non-government organizations and Persons with Disability Affairs Offices of the local government units.

Market Restraints

Despite increased awareness of the disorder, there is still a sizable quantity of stigma in the Philippines. This may limit the development of the market by making it challenging for people with ADHD to get diagnosed and receive treatment. To treat the symptoms of ADHD, some people may opt to use non-prescription options like dietary supplements. This might reduce the desire for prescribed ADHD treatments and medications, which might reduce the Philippines ADHD therapeutics market expansion.

Competitive Landscape

Key Players

  • Altomed Pharmaceutical (PHL)
  • Zuellig Pharma (PHL)
  • Jvzea Pharmaceuticals (PHL)
  • Vizcarra Pharmaceutical (PHL)
  • Farmacia Medica (PHL)
  • Phil Pharmawealth (PHL)
  • Eli Lily
  • Pfizer
  • Johnson & Johnson
  • Lupin

Healthcare Policies and Regulatory Landscape

The Philippines' Food and Medication Administration (FDA) oversees medication regulation. In the Philippines, the FDA is in charge of ensuring the safety, efficacy, and quality of pharmaceuticals, medical devices, and food items. The FDA is an organization that reports to the Department of Health (DOH) and is in charge of policing and observing the production, distribution, and selling of pharmaceuticals and other goods intended for human consumption. The FDA also monitors drugs and other products after they have been introduced to the market to make sure they continue to satisfy safety and efficacy requirements. The FDA is responsible for overseeing the approval of food items, cosmetics, and medical devices in addition to drugs. Manufacturers, importers, and distributors of these goods must obtain licenses from the FDA, which also carries out inspections to verify that rules are being followed.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

ADHD (Attention Deficit Hyperactivity Disorder) Therapeutic Market Segmentation

By Drug Type (Revenue, USD Billion):

  • Stimulants
    • Amphetamine
    • Methylphenidate
    • Dextroamphetamine
    • Dexmethylphenidate
    • Lisdexamfetamine
    • Others
       
  • Non-Stimulants
    • Atomoxetine
    • Bupropion
    • Guanfacine
    • Clonidine

By Age Group (Revenue, USD Billion):

  • Pediatric And Adolescent
  • Adult

By Distribution Channel (Revenue, USD Billion):

  • Hospital Pharmacies
  • Speciality Clinics
  • Retail Pharmacies
  • e-Commerce

By Psychotherapy (Revenue, USD Billion):

  • Behavior Therapy
  • Cognitive Behavioral Therapy
  • Interpersonal Psychotherapy
  • Family Therapy

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy of this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 24 March 2023
Updated by: Vidhi Upadhyay

Related reports (by category)


Related reports (by geography)


subscribe to our newsletter
up