Lexapro Market Scope
Lexapro is a prescription drug used to relieve the effects of severe depression and generalised anxiety disorder. Lexapro may be used alone or in combination with other drugs. Lexapro is an antidepressant that belongs to the SSRI family of drugs. Because of the rising prevalence of anxiety disorders and depression, the Lexapro market is booming. Depression is one of the leading cause of disability. The introduction of generic variants on a large scale, on the other hand, is expected to stifle the global Lexapro market's growth. Furthermore, there is an increasing demand for antidepressants due to their low side effects and increased awareness among the general public. Lexapro (escitalopram) is an SSRI developed by Lundbeck that was first approved for MDD in the United States in 2002. Lexapro is the S-enantiomer of citalopram, an SSRI developed by Lundbeck that was first made available in 1989. Lexapro works through inhibiting serotonin reuptake by binding to serotonin (5-HT) with a strong affinity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Lundbeck (Denmark), Amneal Pharmaceuticals (United States), Forest Laboratories (United States), Silarx Pharmacueticals (United States), Apotex (Canada), Lupin (India), Novartis (United States), Hikma Pharmaceuticals (United Kingdom), Xian Janssen Pharmaceutical (Canada), Sichuan Kelun Pharmaceutical (Canada) and Hunan Dongting Pharmaceutical (Canada) |
CAGR | 5.2% |
The market for Lexapro is highly competitive with players from all around the world present in the market. Players from all around the world are trying to get a higher market share by using various strategies. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Lexapro market throughout the predicted period.
Lundbeck (Denmark), Amneal Pharmaceuticals (United States), Forest Laboratories (United States), Silarx Pharmacueticals (United States), Apotex (Canada), Lupin (India), Novartis (United States), Hikma Pharmaceuticals (United Kingdom), Xian Janssen Pharmaceutical (Canada), Sichuan Kelun Pharmaceutical (Canada) and Hunan Dongting Pharmaceutical (Canada) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lexapro market by Type , by Application (Depression, Obsessive-Compulsive Disorder, Panic Disorder, Social Anxiety Disorder and Generalized Anxiety Disorder) and Region with country level break-up.
On the basis of geography, the market of Lexapro 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2023, The Food and Drug Administration (FDA) has approved Lexapro (escitalopram) for the treatment of generalized anxiety disorder (GAD) in pediatric patients 7 years of age and older. Previously, the treatment had only been approved for adult patients.
In August 2023, The Food and Drug Administration on Friday approved the first-ever pill for postpartum depression called zuranolone, is taken daily for two weeks. In a pair of clinical trials involving women who experienced severe depression after having a baby, the drug improved symptoms — such as anxiety, difficulty sleeping, loss of pleasure, low energy, guilt or social withdrawal — as early as three days after taking the first pill.which
Influencing Trend:
Rising Problem of Depression and Obsessive-Compulsive Disorder
Market Growth Drivers:
Increased Awareness about Mental Health and Increased Spending on Healthcare
Challenges:
Lack of Awareness about Mental Health in Underdeveloped and Developing Nations
Restraints:
Side Effect Related to Lexapro and Not Safe for Children
Opportunities:
Growing Investment on Healthcare Infrastructure By Governments of Developing Countries On Healthcare
Key Target Audience
Manufacturers of Lexapro, Suppliers of Lexapro, Wholesalers, Distributors and Retailers of Lexapro, Healthcare and Pharmaceutical Industry, Governmental Bodies and Regulatory Bodies