Global Depression Drugs Market to Grow at 3.62% During 2022-2027, Impelled by Increasing Prevalence of Mental Health Disorders

October 09, 2019

According to the latest report by IMARC Group, titled “Depression Drugs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global depression drugs market reached a value of US$ 17.2 Billion in 2021. Depression is a serious mental health disorder that negatively affects the way one feels, thinks and acts. It is characterized by persistent feelings of sadness and/or loss of interest. It is a severe illness that can lead to a variety of emotional and physical problems while decreasing the patient’s ability to function at work and home. After identifying specific symptoms and medical history, depression drugs are usually prescribed to the patients to help modify their brain chemistry. The purpose of these medicines is to balance the neurotransmitters in the brain, which affect mood and emotions. Apart from being used to treat depression, these drugs are also widely used to treat other mental health conditions, including anxiety disorders, attention deficit hyperactivity disorder (ADHD) and obsessive-compulsive disorder (OCD).

Global Depression Drugs Market Trends:

The increasing awareness regarding the prevalence of depression and other mental illnesses has led a majority of the population to seek professional help, which is primarily driving the market. Hectic lifestyles, improper dietary habits and long working hours, along with social isolation and stressful work environment, have resulted in the development of stress disorders among the working population, which is another major factor boosting the sales of depression drugs. Moreover, the increasing geriatric population is another major growth-inducing factor. The elderly population is more prone to health disorders, which may be followed by mental illnesses. Also, elderlies are more likely to endure the sense of social isolation, especially from the immediate family members and friends, which consequently leads to depression. Furthermore, manufacturers are continually engaging in research and development (R&D) activities to introduce effective variants with minimal side-effects and prolonged results. On account of the aforementioned factors, the market is anticipated to reach to grow at a CAGR of 3.62% during 2022-2027.

Market Summary:

  • On the basis of the drug class, the market has been divided into Atypical Antipsychotics, Serotonin-Norepinephrine Reuptake Inhibitors (SNRIs), Selective Serotonin Reuptake Inhibitors (SSRIs), Central Nervous System (CNS) Stimulants, Tricyclic Antidepressants, Monoamine Oxidase Inhibitors and others.
  • Based on the disorder type, major depressive disorder accounts for a majority of the total market share. Other segments include obsessive-compulsive, generalized anxiety, panic and other disorders.
  • On the basis of the drug type, the market has been bifurcated into generic and branded drugs.
  • Based on the distribution channel, retail pharmacies exhibit a clear dominance in the market. Other segments include hospitals, online and other pharmacies.
  • On the geographical front, North America holds the leading position in the market. Other major regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been analyzed with the detailed profiles of the key players operating in the market. Some of these include Otsuka Pharmaceutical Co., Ltd., Pfizer Inc., Eli Lilly and Company, AstraZeneca plc, Novartis International AG, Bristol-Myers Squibb Company, GlaxoSmithKline plc, Takeda Pharmaceutical Company Ltd., Allergan plc, Johnson & Johnson, Zhejiang NHU Co., Ltd., and Sebela Pharmaceuticals Inc.


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
USA: 
+1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Global Depression Drugs Market to Grow at 3.62% During 2022-2027, Impelled by Increasing Prevalence of Mental Health Disorders
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More