Depression Treatment Market Size to Reach USD 16.06 Billion by 2027 | Industry Trend – Advancements in Depression Treatment Approaches
Emergen Research has recently published its latest report titled “Depression Treatment Market By Drug Type (Antidepressants, Antipsychotics) By Application (Major Depressive Disorder (MDD), Bipolar Disorder), By End-User (Hospitals, NGOs, Mental Health Centers), By Distribution Channel, and By Region, Forecasts to 2027.”
According to Emergen Research, the global depression treatment market size was USD 12.06 billion in 2019 and is expected to reach USD 16.06 billion in 2027 and register a revenue CAGR of 3.9% during the forecast period, 2020-2027.
Depression is the fourth leading cause of disability across the globe and is associated with severely high rates of suicidal behavior and mortality. Management of depression involves accurate diagnosis and comprehensive assessment that is based on detailed history, physical examination, and mental state assessments. Several effective treatments and strategies have been developed to treat depression with the treatment being categorized into acute, continuation, and maintenance. Increasing incidence of depression among young individuals and geriatric population across the globe, advancements in holistic treatment, and availability of proper treatment in primary care settings are some key factors expected to drive market revenue growth over the forecast period. In addition, availability of robust anti-depressant drugs, increasing clinical trials to improve response rate of antidepressant treatments, and rising research activities to assess the effectiveness of different treatments for depression are some other key factors expected to contribute to revenue growth of the market over the forecast period.
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Depression treatment aims at alleviating symptoms, preventing suicides, enhancing cognitive and functional status, and helping patients learn some coping skills. Treatment of underlying diseases, accurate diagnosis, and stopping certain medications are the primary steps in depression treatment, especially in the geriatric population. Treatment measures such as antidepression therapies, psychotherapy, pharmacotherapy, behavioral rehabilitation, and electroconvulsive therapy are widely used to treat depression. Advancements in treatment approaches and development of novel antidepressants are some other factors expected to contribute to revenue growth of the market going ahead. However, side effects of antidepressants, lack of evidence regarding effectiveness of treatment, low rate of diagnosis of depression, and lack of awareness regarding depression treatment are some factors expected to hamper market revenue growth over the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Antidepressant Drug Type Segment to Account for Largest Revenue Share:
Antidepressant drug type segment is expected to account for largest revenue share over the forecast period attributable to increasing use of antidepressants to treat social anxiety disorder, major depressive disorder, and seasonal affective disorder, among others, development of robust antidepressants, and increasing acceptance of depression treatment.
Major Depressive Disorder Segment to Dominate Other Application Segments:
Major depression disorder segment is expected to dominate other application segments in terms of revenue share over the forecast period attributable to increasing incidence of major depressive disorder among individuals of all age groups, advancements in treatment of major depressive disorder, and increasing number of clinical trials to assess the response rate to conventional therapeutic approaches.
Asia Pacific Market Revenue to Expand at a Steady CAGR:
Asia Pacific is expected to register a steady revenue CAGR during the forecast period attributable to increasing anxiety and depression disorders, rising disposable income and growing awareness regarding diagnosis and treatment of depression, increasing R&D activities to develop advanced antidepressant therapies, and growing presence of major pharmaceutical companies in the region.
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Major Companies in the Market Include:
- Pfizer, Inc.
- AstraZeneca, Plc
- GlaxoSmithKline Plc
- Eily, Lilly, and Company
- Allergan Plc
- Takeda Pharmaceutical Company Limited
- Intellipharmaceutics International, Inc.
- Otsuka Holdings Co. Ltd.
- H.Lundbeck A/S
- Apotex, Inc.
For the purpose of this report, Emergen Research has segmented into the global Depression Treatment Market on the basis of drug type, application, end-user, distribution channel, and region:
Drug Type Outlook (Revenue, USD Billion; 2017-2027)
- Selective Serotonin Reuptake Inhibitors (SSRIs)
- Selective Norepinephrine Reuptake Inhibitors (SNRIs)
- Serotonin Modulators
- Tricyclic & Tetracyclic Antidepressants
- Atypical Antidepressants
Application Outlook (Revenue, USD Billion; 2017-2027)
- Major Depressive Disorder (MDD)
- Bipolar Disorder
- Postpartum Depression
- Premenstrual Dysphoric Disorder (PMDD)
- Dysthymic Disorder
- Seasonal Affective Disorder (SAD)
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Mental Health Centers
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals Pharmacies
- Retail Pharmacies
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- This study segments the Depression Treatment market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Depression Treatment sectors.
- This Depression Treatment report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Depression Treatment market.
Key features of the report:
- To study the key aspects impacting the Depression Treatment market size.
- To identify growth prospects in the Depression Treatment market.
- To analyze the Depression Treatment market segments and deduce the dominant trends observed in the industry.
- To examine the Depression Treatment market by investigating the available products, market share, and value proposition of the products.
- To analyze the industry by assessing the scope and application of the Depression Treatment market and highlight the growth of each application.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Depression Treatment Market Segmentation & Impact Analysis
4.1. Depression Treatment Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Explore Complete Table of Content@ https://www.emergenresearch.com/industry-report/big-data-in-healthcare-market
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