Depression Therapeutics- Market Scope
Depression is a mental health condition that causes a chronic feeling of emptiness, sadness, or an inability to feel pleasure that may appear to happen for no clear reason. Depression is a common mental health condition that causes a persistent feeling of sadness and changes in how you think, sleep, eat, and act. Depression can cause a range of psychological and physical symptoms, including decreased energy or fatigue, difficulty sleeping or oversleeping, and a persistent depressed mood. There are various therapy types used: cognitive behavioral therapy, interpersonal therapy, mindfulness-based therapies, dialectical behavior therapy, and psychodynamic therapy.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Alto Neuroscience, Inc.(Germany), Lindus Health (United States), Eli Lilly and Company (United States), Photopharmics (United States), Neumora Therapeutics (United States), Compass Pathways (United Kingdom), Meru Health (United States), InteraXon (Canada), Brightline (United States), Vida Health (United States), Atai Life Sciences (Germany) and Addex Therapeutics (Switzerland) |
CAGR | 20.3% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Depression Therapeutics- market throughout the predicted period.
Alto Neuroscience, Inc.(Germany), Lindus Health (United States), Eli Lilly and Company (United States), Photopharmics (United States), Neumora Therapeutics (United States), Compass Pathways (United Kingdom), Meru Health (United States), InteraXon (Canada), Brightline (United States), Vida Health (United States), Atai Life Sciences (Germany) and Addex Therapeutics (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Phagenesis (United Kingdom), Blueprint (Canada), aiberry (United States), Neuromod Devices (Ireland), Circular Genomics (United States) and Gilgamesh Pharmaceuticals (United States).
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 Depression Therapeutics- market by Type and Region with country level break-up.
On the basis of geography, the market of Depression Therapeutics- 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 December 2021, Pear Therapeutics, Inc. acquired and/or licensed two new digital therapeutic assets, from Waypoint Health Innovations, LLC and a researcher named Fredrik Hollandale of Örebro University, that are designed for the treatment of a spectrum of depression conditions. Pear intends to leverage these two new assets to expand its depression product candidate to treat mild, moderate, severe, and treatment-refractory depression.
In October 2021 atai Life Sciences a clinical-stage biopharmaceutical company aiming to transform the treatment of mental health disorders, announced the launch of PsyProtix, a new platform company formed with Chymia LLC, a Duke University biotechnology spinout. PsyProtix is a precision psychiatry company focused on developing therapeutics for treatment-resistant depression (TRD) and other mental health indications
Influencing Trend:
Increase in national outpatient medical care expenditures
Market Growth Drivers:
The rising awareness about mental health, the development of infrastructure, Increasing awareness of mental health disorder and The increasing prevalence of depression, anxiety and mental health concerns
Challenges:
Drug recalls, and side effects associated to depression therapies and Lack of qualified, trained and skilled medical professionals
Restraints:
High Cost of treatment
Opportunities:
Governments are trying to increase the funding for mental health services and the treatment of mental illness, Growing funding from several government organizations and Increased prevalence of product launches
Key Target Audience
Reasearch Organizations, Government regulations and bodies, Research Industries and Others