The global pharmaceutical grade lithium carbonate market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period (2023-2030). Pharmaceutical companies are continuously investing in research and development of new lithium carbonate formulations and delivery methods. This is leading to the development of more effective and safer treatments for mood disorders. For instance, researchers are developing new formulations of lithium carbonate that are easier to take and have fewer side effects. They are also developing new delivery methods, such as transdermal patches, that can deliver lithium carbonate directly into the bloodstream. A transdermal patch, also called a skin patch, is a medicated adhesive patch, which is applied to the surface of the skin to non-invasively deliver a specific dose of the drug through the skin layers and into the systemic circulation over several hours to days after the application.
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According to a study report published by NCBI, the polymeric technology nanocomposites unified with nanometric compounds can consent to drug delivery with low brain concentrations thus greatly enhancing the therapeutic effect on brain diseases. The study incorporates a nano approach in synthesizing biopolymeric nanocomposites encapsulating lithium carbonate by substantiating it with an animal despair and histopathological study to endorse the effect of nano capsulated drug as an effective brain drug.
Researchers are developing more targeted treatments for mood disorders. These treatments are designed to target specific genes or proteins involved in developing mood disorders. For example, researchers are developing drugs that target the mGluR2/3 receptor, which is a protein that is involved in the regulation of mood. These drugs are still in the early stages of development, but they have the potential to provide more effective and safer treatments for mood disorders.One of the potential benefits of targeting the mGluR2/3 receptor is that it may be less likely to cause side effects than current treatments. Lithium carbonate, for example, can cause side effects such as tremors, weight gain, and kidney problems. SSRIs can also cause side effects, such as sexual dysfunction and weight gain. Another potential benefit of targeting the mGluR2/3 receptor is that it may be more effective in treating a wider range of mood disorders. Lithium carbonate is most effective in treating bipolar disorder, while SSRIs are most effective in treating major depressive disorder. However, the mGluR2/3 receptor is involved in the regulation of a variety of negative emotions, so it may be effective in treating a wider range of mood disorders.
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Purity
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape includes Albemarle Corp., American Elements, Globe Química, Jiangsu Nhwa Pharmaceutical Co., Ltd, and Livent Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pharmaceutical Grade Lithium Carbonate Market Report Segment
By Product Type
- 99%
- Above 99%
By Application
- Extended Release
- Immediate Release
By End-User
- Hospitals
- Clinics
- Retail Pharmacies
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Company Profiles
- American Lithium Corp.
- Chemetall
- FMC Corp.
- Galaxy Resources Ltd.
- Ganfeng Lithium Co., Ltd.
- Green Technology Metals
- International Lithium Corp.
- Lake Resources NL
- Liontown Resources Ltd.
- Lithium Americas Corp.
- Lithium Australia
- Lithium Chile
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