About Mirtazapine Tablets
Mirtazapine is an antidepressant used to treat depression. It works by restoring the balance of natural chemicals (neurotransmitters) in the brain and helps to improve mood and feelings of well being. Mirtazapine is primarily used to treat major depressive disorders in adults. The factors such as Increased Prevalence of Depression Symptoms in Adults and Rise in the Number of Hospitals and Diagnostic Centres are driving the global mirtazapine tablets market. Side Effects of the Mirtazapine Tablets may hamper the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.0% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States and Indian Players will contribute the maximum growth to Global Mirtazapine Tablets market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Merck & Co., Inc. (United States), Kindred Biosciences, Inc. (United States), Novartis International AG (Switzerland), Sun Pharmaceutical Industries Ltd. (India), Mylan N.V. (United States), Shanxi Kangbao Biological Product (China), Sandoz (Germany), Organon International (Netherlands), Hua Yu (Wuxi) Pharmaceutical Co., Ltd. (China) and Taj Pharmaceuticals (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Harbin Medisan Pharmaceutical Co., Ltd. (China) and Aurobindo Pharma Inc (India).
Segmentation Overview
AMA Research has segmented the market of Global Mirtazapine Tablets market by Type (Immediate-Release Tablet and Orally Disintegrating Tablet), Application (Major Depressive Disorder, Generalized Anxiety Disorder, Social Anxiety Disorder, Insomnia and Others) and Region.
On the basis of geography, the market of Mirtazapine Tablets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Composition, the sub-segment i.e. Mirtazapine7.5mg Tablet will boost the Mirtazapine Tablets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Mirtazapine Tablets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Hospitals will boost the Mirtazapine Tablets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in the Medical Science
Market Growth Drivers:
Increased Prevalence of Depression Symptoms in Adults and Rise in the Number of Hospitals and Diagnostic Centres
Challenges:
Stringent Government Rules and Regulations
Restraints:
Side Effects of the Mirtazapine Tablets
Opportunities:
Growth in the Healthcare Sector Worldwide and Increased Research and Development Activities
Market Leaders and their expansionary development strategies
In October 2020, Prasco Laboratories, a privately-held pharmaceutical company located in Cincinnati, Ohio, announced today it began shipping its antidepressant Mirtazapine Orally Disintegrating Tablets on October 1, 2004. Mirtazapine Orally Disintegrating Tablets is a Prasco “Authorized Generic” for the AB-rated brand Remeron SolTab® Orally Disintegrating Tablets from Organon. Prasco has received the rights to market the 15, 30 and 45 mg strengths. Prasco is the only US generic marketer of the 45 mg strength Mirtazapine Orally Disintegrating Tablets.
In January 2020, The US Food and Drug Administration (FDA) announced that Aurobindo Pharma USA, Inc. is voluntarily recalling mirtazapine tablets from consumers due to a labeling error. The warning has been issued as lot number 03119002A3 Exp 03/2022 bottles labelled as mirtazapine 7.5mg may contain 15mg tablets. Mirtazapine tablets are used to treat major depressive disorder and are packaged in 500 count bottles.
Key Target Audience
Mirtazapine Tablets Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.