Antidepressant Drugs Market – Drivers, Restraints, Opportunities, Trends

Overview: Depression is a serious mental illness affecting more than 350 million people globally. This is also known as “major depression disorder” or “unipolar depression”. According to a report by the Psychiatric Association, nearly 14.8 million adults in the US are suffering from depression.

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Growing aging population and increasing prevalence of depression are the primary factors driving the global antidepressant drugs market growth. Supportive initiatives from the government & other organizations and increasing clinical trials will provide an opportunity for the market growth in the future.

At the global level, over 300 million people are estimated to suffer from depression, which is equivalent to 4.4% of the world’s total population. Only less than 10% of the affected people are treated although there is the availability of branded and effective treatments for depression. The challenges for effective care include lack of capitals, unavailability of qualified health-care providers, and public stigma associated with mental disorders. Along with these, imprecise assessment of the condition is also a challenge faced globally.

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Market Analysis: The “global antidepressant drugs market” is estimated to witness a CAGR of 2.2% during the forecast period 2018–2024. The global antidepressant drugs market is analyzed based on drug class and regions.

Competitive Analysis: Government initiatives have been greatly changing the market scenario. Many initiatives are taken to increase the awareness and reduce the suicidal rate globally. Depression is confined by the mental health Gap Action Programme (mhGAP) of the World Health Organization (WHO) to assists countries to increase their facilities for those suffering from mental disorders, through special aid by healthcare workers.

A special transitory is established by WHO for the treatment of depression. The companies are striving to develop innovative drugs to address the unmet needs in the market. For instance, in May 2018, Esketamine Nasal Spray of the Janssen Pharmaceutical Companies of Johnson & Johnson demonstrated rapid enhancements in depressive symptoms in patients with treatment-resistant depression in Phase III trials. Thus, this drug is expected to be one of the bestsellers in the market.

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Antidepressant Drugs market accompanying with Report Research Design:

Antidepressant Drugs Market Historic Data 

• Global Market Trends: Market Status and Outlook and Share, Revenue,.
• Competitive Landscape: By Top Vendors, Development Trends.
• Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
• Market Segment: By Types, By End Users, By Geography.
• Sales Revenue: Market Share, Growth Rate, Current Market Analysis.

Antidepressant Drugs Market Influencing Factors:

• Market Environment: Technological Changes, Market Risks, Government Policies.
• Market Drivers: Market Opportunities, Challenges, Growing Demand, and Reduction in Cost.

Market Size Forecast

• Market Size Forecast: Global Overall Size, Product Category, By End Users, By Regions/Geography.
• Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.

Key inclusions of the Antidepressant Drugs market report:

• COVID-19 impact on the industry growth.
• Figures pertaining to market size, sales volume and industry revenue.
• In-depth assessment of the latest industry trends.
• Growth opportunities.
• Predictions regarding market growth rate during the forecast period.
• Advantages and disadvantages of indirect and direct sales channels.
• Details of the major distributors, dealers and traders in the business space.

Antidepressant Drugs Market segments covered in the report:

Regional segmentation:

• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
• South America (Brazil, Argentina, Colombia)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

• Market assessment at global and regional level.
• Insights regarding sales generated, returns garnered and industry share held by each regional market.
• Revenue estimates and growth rate predictions of every region over the study period.

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