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Antidepressant Drugs Market: By Depressive Disorder (Major Depressive Disorder, Obsessive-Compulsive Disorder, Generalized Anxiety Disorder, Panic Disorder, and Others); By Product (Tricyclic Antidepressants, Selective Serotonin Reuptake Inhibitors, Serotonin-Norepinephrine Reuptake Inhibitors, Monoamine Oxidase Inhibitors, Serotonin Antagonist and Reuptake Inhibitors, and Others) And Region - Global Analysis Of Market Size, Share & Trends For 2019-2020 And Forecasts To 2030
[ 170 + Pages Research Report ] Antidepressant Drugs Market to surpass USD 33.5 billion by 2030 from USD 18.40 billion in 2021 at a CAGR of 6.16% in the coming years, i.e., 2021-31
Depression impacts a person's thoughts, behavior, feelings, and sense of rationality. Depression drugs function by fixing chemical imbalances such as the absence of serotonin in the brain. Antidepressants assist in the treatment of depression by upholding the balance of several hormones and chemicals in the brain.
Global Antidepressant Drugs Market is expected to project a notable CAGR of 6.16% in 2031.
Global Antidepressant Drugs market to surpass USD 33.5 billion by 2030 from USD 18.40 billion in 2021 at a CAGR of 6.16% in the coming years, i.e., 2021-31. An increase in the occurrence of depression, an upsurge in the geriatric population, and the arrival of novel techniques for the development of drugs with fewer side effects boost the market. Additionally, a rise in awareness regarding the disease condition and required clinical needs, and rise in number of people suffering from stress can boost the growth of the antidepressant drugs.
Major Depressive Disorder to grow with the highest CAGR during 2021-31
Global Antidepressant Drugs Market is segmented by Depressive Disorder into Major Depressive Disorder, Obsessive-Compulsive Disorder, Generalized Anxiety Disorder, Panic Disorder, and Others. Major depressive disorder is the maximum contributor toward the market growth as majority of the population are usually diagnosed with this disorder owing to increase in stress levels.
Selective Serotonin Reuptake Inhibitors segment to grow with the highest CAGR during 20201-31
Global Antidepressant Drugs market is divided by Product into Tricyclic Antidepressants, Selective Serotonin Reuptake Inhibitors, Serotonin-Norepinephrine Reuptake Inhibitors, Monoamine Oxidase Inhibitors, Serotonin Antagonist and Reuptake Inhibitors, and Others. Selective Serotonin Reuptake Inhibitors is the dominant segment due to the presence of large number of these drugs.
Rising cases of depression
The market is primarily fueled by the rising cases of depression, increasing awareness about depression, and the rise of novel biologics. The sum of people falling prey to depression and related disorders is anticipated to continue to increase, as a result of improper eating habits, stressful work schedule, growing isolation from family and loved ones owing to technology, and the inability to adapt to the rapid pace, at which, the world is moving forward.
Increase in awareness
Increase in awareness about the disease growth and increase in the number of people suffering from stress can boost the growth of the antidepressant drugs market.
Poor efficiency and safety profiles
Poor efficiency and safety profiles of the drug, preference for non-pharmacological therapies, and rise in amount of patent expiration of antidepressants that lead to weak pipeline are anticipated to hinder the market growth.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Antidepressant Drugs Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East, and Africa. The Global Antidepressant Drugs market in North America held the largest market share of XX% in the year 2020.
Global Antidepressant Drugs market is further segmented by region into:
Antidepressant Drugs market Segments
| Report Attribute | Details |
| Market size value in 2021 | USD 18.40 billion |
| Revenue forecast in 2031 | USD 33.5 billion |
| Growth Rate | CAGR of 6.16% from 2021 to 2031 |
| Base year for estimation | 2020 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2031 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Depressive Disorder, Product and Region |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA) |
| Key companies profiled | Allergan PLC, 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. |
The Antidepressant Drugs Market size was estimated at USD 18.40 billion in 2020 and is expected to reach 33.5 billion by 2030.
Key players: Allergan PLC, 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.
Selective Serotonin Reuptake Inhibitors segment are anticipated to hold the largest Antidepressant Drugs Market.
Drivers: Rising cases of depression and Increase in awareness
Antidepressant Drugs Market Depression impacts a person's thoughts, behavior, feelings, and sense of rationality. Depression drugs function by fixing chemical imbalances such as the absence of serotonin in the brain. Antidepressants assist in the treatment of depression by upholding the balance of several hormones and chemicals in the brain.
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