Market Snapshot:
Antidepressants, sometimes in combination with psychotherapy, are often the first treatment people get for depression. The growing geriatric population drives the anti-depressants market. The elderly population is prone to suffer from subsyndromal depression. Financial hardships after retirement, chronic medical conditions, deaths of closed ones, limited mobility, and isolation are some of the factors that further trigger the depression drug market. Depression in older demographics is the most common mental health issue.. Increasing stress levels, depression, elevated alcoholism, and crime rates in the younger populations are the foremost driving factors for increased use of antidepressant drugs. Tremendous diagnosis of cancer and tumor patients that increases the incidence of depression among cancer patients will potentially grow the antidepressant market.
Highlights from Antidepressant Drugs Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are Alkermes (Ireland), Allergan (United States), Bristol Myers Squibb (United States), Eli Lilly (United States), GlaxoSmithKline (United Kingdom), Lundbeck (Denmark), Merck (United States), Pfizer (United States), Teva (Israel) and AstraZeneca(United States). Additionally, other players that are part of this comprehensive study are Takeda (Japan).
Geographic Breakdown and Segment Analysis
The Global Antidepressant Drugs market presents a comprehensive analysis of the Antidepressant Drugs market by product type (Major Depressive Disorder, Obsessive-Compulsive Disorder, Generalized Anxiety Disorder and Panic Disorder), by end-user/application (Depression, Generalized anxiety disorder, Agitation, Obsessive-compulsive disorders (OCD), Manic-depressive disorders, Childhood enuresis (bedwetting), Major depressive disorder, Diabetic peripheral neuropathic pain, Neuropathic pain and Social anxiety), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Antidepressant Drugs industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Antidepressant Drugs market
Analyst at AMA have segmented the market study of Global Antidepressant Drugs market by Type, Application and Region.
Influencing Trend:
Rising Government Spending and Support for Improvement in Mental Health Systems
Market Growth Drivers:
The increase in the number of patients taking treatment, Rising demand for improved healthcare infrastructure is expected to drive the market. and The Growing Prevalence of Mental Health Sufferings in People Around the World
Challenges:
Regulatory Norms on Mental Health Systems
Restraints:
Antidepressants may cause withdrawal symptoms if abruptly discontinued
Opportunities:
An upsurge in the percentage of crimes such as sexual abuse, femicide, and violence further drives the market growth
Market Developments Activities:
In November 2019, Alkermes plc acquired with Rodin Therapeutics, Inc. this acquisition helped company to expand its presence in antidepressant drugs market
In April 2019 Lupin Limited India based organization presents antidepressant. The organization has dispatched its Fluoxetine tablets USP in the strength of 60mg in the wake of having gotten an endorsement from the United States Food and Drug Administration (USFDA) . The item is the conventional variant of Alvogen Group Holdings 3 LLC's Fluoxetine tablets in a similar strength, it added.
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.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Antidepressant Drugs Manufacturer, Government Regulatory and Research Organizations and End-Use Industry