About Depression Drugs
Depression refers to a group of mental health issues marked by a lack of positive emotion, a depressed mood, and a variety of cognitive, physical, emotional, and behavioral symptoms. Depression can be caused by a variety of causes, including genetics, stress, and brain chemistry. Depression medications aid in the treatment of depression by balancing numerous hormones and chemicals in the brain. The market is driven by an increase in the prevalence of depression, an increase in the geriatric population, and the discovery of novel approaches for the creation of medications with fewer adverse effects. Furthermore, rising knowledge of the illness condition and essential therapeutic demands, as well as an increase in the number of people suffering from stress, could propel the market forward. Over the last few years, advances in the neuroscience of depression have opened up new antidepressant treatment options. In addition, market participants are increasingly focusing on the development of novel non-pharmacologic and pharmacologic therapies in the present depression medicine market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Depression Drugs is a fragmented market due to the presence of various players. The many changes within the industry underscore the fact that there is an increasingly more competitive landscape. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Depression Drugs 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.
AbbiVe Inc. (United States), Janssen Pharmaceuticals (Belgium), AstraZeneca (United Kingdom), Eli Lilly and Company(United States), GlaxoSmithKline PLC (United Kingdom), Johnson & Johnson(United States), H. Lundbeck AS (Denmark), Merck & Co. Inc.(United States), Pfizer Inc.(United States), Sanofi (France), Sun Pharmaceuticals Pvt. Ltd (India) and Dr. Reddy's Laboratories (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Depression Drugs market by Type (Tricyclic Antidepressants, Selective Serotonin Reuptake Inhibitors, Serotonin-Norepinephrine Reuptake Inhibitors, Monoamine Oxidase Inhibitors, Serotonin Antagonist And Reuptake Inhibitors and Others), Application (Major Depressive Disorder, Obsessive-Compulsive Disorder, Generalized Anxiety Disorder, Panic Disorder and Others) and Region.
On the basis of geography, the market of Depression Drugs 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 Distribution Channel, the sub-segment i.e. Retail Pharmacies will boost the Depression Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The emergence of Novel Biologics
Market Growth Drivers:
Increasing Number of Cases of Depression Around the World and Increasing Awareness About Depression
Challenges:
Stringent Regulatory Factors
Restraints:
Side Effects Related to Drugs
Opportunities:
Growing Research and Development Activities and Growing Drug Development Activities
Market Leaders and their expansionary development strategies
In November 2023, AbbVie Inc. and ImmunoGen, Inc. announced a definitive agreement under which AbbVie will acquire ImmunoGen, and its flagship cancer therapy ELAHERE® (mirvetuximab soravtansine-gynx), a first-in-class antibody-drug conjugate (ADC) approved for platinum-resistant ovarian cancer (PROC). The acquisition accelerates AbbVie's commercial and clinical presence in the solid tumor space.
In August 2020 – Janssen Announces U.S. FDA Approval of SPRAVATO® (esketamine) CIII Nasal Spray to Treat Depressive Symptoms in Adults with Major Depressive Disorder with Acute Suicidal Ideation or Behavior
Key Target Audience
Drug Manufacturers and Suppliers, Academic Research Institutes, Hospitals and Clinics, Research and Development (R&D) Companies, Governmental Bodies 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.