PSYCHIATRY CONFERENCE Market Analysis and Reports | Czech Republic Conference Series

Market Analysis - PSYCHIATRY CONFERENCE 2020

Psychiatry includes various levels of mental health conditions starting from neuropsychiatry to general psychiatric conditions to psychological health. Psychiatry meetings try to focus on all these mental conditions focusing on all the states of mind. Mental health includes our emotional, psychological, and social well-being and it helps us to determine how we handle stress and make choices.

The global psychiatrist market was valued at $795.1 billion. North America was accounting for $380.1 billion or 0.4% of the global market. And the USA was the largest country which is accounting for $318.8 billion or 0.4% of the global psychiatrist market. Likewise, according to some studies, the global schizophrenia market is estimated to reach US$10.43 billion in 2023, growing at a CAGR of 3.69%, for the period spanning from 2018 to 2023. China’s demand for Mental Illness Drugs has been growing at a fast pace in past few decades. In the next decade, both production and demand will continue to grow for psychiatric drugs.

In European countries the mental health services are characterized by the persistence of asylum-type care. The European countries generally show slow changes towards the modernization of their mental healthcare systems. Among the countries Chez Republic is one among those countries where steps towards mental health have been initiated very recently. As compared to western European countries, mental health services in the Czech Republic are not as well financed, although GDP in the Czech Republic is substantially higher and their funding being comparable with Eastern European countries.

According to the UZIS statistics (2017), the most frequent psychiatric diagnosis are neurotic disorder (4%), followed by mood disorders (18%) and then disorders caused by addictive substances and schizophrenia (some 8% each). A report suggested that, the Czech Republic’s health minister has outlined a plan to reform the country’s long-neglected psychiatric health care. The emphasis should be shifted to a network of mental health centres from large psychiatric institutions that would serve patients locally. Up to one third of psychiatric patients could be transferred to the centres by 2030. That means Czech mental health care to undergo major reform very soon we can say that.