About Esketamine Nasal Spray
Treatment-resistant depression (TRD); depression that may not change with treatment in adults is managed with Esketamine nasal spray in conjunction with another antidepressant taken orally. The dose and recovery plan are determined by your current diagnosis and treatment reaction. TRD is characterized as major depressive disorder (MDD) in adults who have failed to respond to at least two antidepressant medications during their current mild to extreme depressive episode. The nasal spray Esketamine is sometimes used as a general anesthetic. During the entire therapy session, the drug is delivered under the close supervision of a healthcare provider. Due to misuse and malpractices the drug is one of the highly regulated in specific regions. The Esketamine Nasal Spray market is set to attract huge demand due to multiple factors including rising number of depression related suicide cases.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Esketamine Nasal Spray 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 Group (Germany), Medkoo (United States), Endo International (Ireland), Janssen Pharmaceutica (Johnson & Johnson) (Belgium), Pfizer (United States), Karuna Therapeutics (United States), Bayer AG (Germany) and Viatris (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sinopharm (China), Humanwell Pharmaceutical (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Esketamine Nasal Spray market by , Application (General Anesthetics and Treatment-Resistant Depression) and Region.
On the basis of geography, the market of Esketamine Nasal Spray 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 End Use, the sub-segment i.e. Hospitals will boost the Esketamine Nasal Spray 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. Pediatric will boost the Esketamine Nasal Spray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Mental Health Awareness
Market Growth Drivers:
Surge Depression Related Suicide Cases Among Young and Adults
Challenges:
Regional Regulatory Approval and To Provide for Rising Demand
Restraints:
Adverse Side Effects Such as Sedation and dissociation and Misuse and Drug Abuse
Opportunities:
Unexplored Markets and Growth in Healthcare Infrastructure
Market Leaders and their expansionary development strategies
In December, 2019 - Janssen Pharmaceutica’s Esketamine Nasal Spray “Spravato” in Combination with an Oral Antidepressant Received Regulatory Clearance from European Commission for Sale Across European Union. The Approval Was Based on The Results of Five Phase III Trials.
In March, 2019 - Janssen Pharmaceutica’s Esketamine Nasal Spray “Spravato” was Approved by FDA For Treatment-Resistant Depression. Due to Abuse and Misuse the Drug/Spray will on Available on Medication Through a Restricted Distribution System, Under A Risk Evaluation and Mitigation Strategy (REM).
United States, Food and Drug Administration; USDA is the key Regulatory Authority Responsible for Approval, Inspection and Dosage Limitations of Esketamine Nasal Spray across the United States, FDA has Approved Products Including SPRAVATO. Any New Entrant is Required to have a Regulatory Clearance form FDA.
Key Target Audience
Esketamine Nasal Spray Manufactures, New Entrants and Investors, Esketamine Nasal Spray Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
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.