Report Ocean recently released a research report on the Antidepressant Drugs Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global antidepressant drugs market size was US$ 18.1 billion in 2021. The global antidepressant drugs market is forecast to grow to US$ 32 billion by 2030, registering a compound annual growth rate (CAGR) of 6.55% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
- Rising cases of depression globally are driving the growth of the global antidepressant drugs market. In addition, increasing awareness about the efficient treatments and the introduction of novel drugs is forecast to fuel the growth of the global antidepressant drugs market.
- Improper eating habits and stressful work schedule is the major cause of depression. Thus, the growing number of the working population and busy schedules are forecast to offer ample growth opportunities for the market players.
- The increasing geriatric population and growing changes in lifestyle will accelerate the growth of the global antidepressant drugs market.
- Poor efficiency and safety concerns regarding drugs may hamper the growth of the global antidepressant drugs market during the study period.
COVID-19 Impact Analysis
The COVID-19 pandemic has severely impacted the mental health of the majority of the population. People globally suffered from stress, anxiety due to job loss, quarantine, and other factors. As a result, the demand for antidepressant drugs decreased drastically. Moreover, governments across various nations took the initiative to help depression survivors. The Coronavirus Aid, Relief, and Economic Security Act (CARES) offered around US$ 425 million to the Substance Abuse and Mental Health Services Administration in order to expand mental health services for isolated people via telehealth and other related services.
Regional Analysis
North America holds the largest share in the global antidepressant drugs market. One of the major factors expected to drive the overall growth of the antidepressant drugs market is the rising cases of depression. Furthermore, the geriatric population in the United States is growing, which is forecast to create more opportunities for market players in the region. Anxiety disorder is one of the most common mental illnesses in the United States, affecting approximately 40 million American adults each year, or 18.1 percent of the total population, according to the estimations by the Anxiety and Depression Association of America. Furthermore, more than 16.1 million American adults suffer from major depressive disorder each year, with women being more affected than men. As a result, the increasing prevalence of these disorders and the increasing rate of antidepressant consumption are forecast to drive the market during the study period.
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Competitors in the Market
- AstraZeneca
- Eli Lilly and Company
- GlaxoSmithKline PLC
- H. Lundbeck AS
- Johnson & Johnson
- Pfizer Inc.
- Merck & Co. Inc.
- Sanofi
- Sun Pharmaceuticals Pvt Ltd
- Alkermes
- Bristol Myers Squibb Company
- Teva Pharmaceutical Industries
- Eli Lilly and Co.
- Takeda Pharmaceutical Co. Ltd
- Forest laboratories
- Akeda Pharmaceutical
- Other Prominent Players
Market Segmentation
The global antidepressant drugs market segmentation focuses on Depression Disorders, Products, and Region.
By Depression Disorder
- Major Depressive Disorder
- Obsessive-Compulsive Disorder
- Generalized Anxiety Disorder
- Panic Disorder
- Others
By Product
- Tricyclic Antidepressants
- Selective Serotonin Reuptake Inhibitors
- Serotonin-norepinephrine reuptake Inhibitors
- Monoamine oxidase inhibitors
- Serotonin antagonist and reuptake inhibitors
- Others
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
Chapter 1: Global Antidepressant Drugs Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Antidepressant Drugs market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Antidepressant Drugs Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Antidepressant Drugs market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Antidepressant Drugs market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Antidepressant Drugs market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Antidepressant Drugs market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Antidepressant Drugs business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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