Anxiety and Depression is the most common psychological disorder around the world and a huge population is suffering from these disorders. Depression is a situation where the sad mood lasts for a long time and affects the functioning of the regular functioning whereas anxiety is considered as the feelings of fear, nervousness, and worry — from time to time.
Thus, increasing awareness about mental health disorders and the rising demand to treat such disorders is fueling growth in the anxiety and depression treatment market. Moreover, the increasing investment in the research and development of effective medications increases the market opportunities for the anxiety and depression treatment market.
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According to UnivDatos Market Insights (UMI)’ research report “Global Anxiety and Depression Treatment Market Analysis, 2021”, the Anxiety and Depression Treatment market is projected to grow at a CAGR of ~3% during 2021-27F. An increasing number of online startups and the continuous development and approval of the new medications are driving the worldwide growth of the anxiety and depression treatment market globally.
However, due to the COVID-19 pandemic, governments of several countries, worldwide, have implemented strong measures, such as lockdowns and social distancing, to ensure health threats. Quite evidently, manufacturers across the world, including those of anxiety and depression treatment products, have been negatively impacted by the economic crisis triggered by the pandemic. Additionally, the supply of raw materials has been severely affected, by the restrictions imposed by the governments on domestic and international trade, which leads to the disruption in the supply chain. Thus, it has further affected the production of active pharmaceutical ingredients (APIs) and raw materials for such drugs and devices, which has hampered the growth of the anxiety and depression treatment market.
Based on the drug type, the market is segmented into antidepressants, anticonvulsants, atypical antipsychotics, benzodiazepines, and Beta-blockers. Among them, the antidepressant drug market is expected to witness significant growth during the forecast period. This is due to the increasing number of depression cases and related disorders. Furthermore, the antidepressant drug also class deals with the different symptoms of depression such as insomnia, stress, and anxiety and it is a driving factor for the significant market share of the segment in the forecast period.
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Based on the distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. Amongst them, the online channel segment is witnessing a lucrative CAGR due to increasing internet penetration and mobile phone users. A total of 5 billion people around the world are using the internet accounting for 63% of the global population and it continues to grow. In the last 12 months from April 2021 to April 2022, the 200 million new users connected to the internet. Furthermore, the heavy discounts on online medicines offered by the companies are also responsible for the increasing market size of the segment in the anxiety and depression treatment market.
Based on the disorder type, the market is segmented into major depressive disorder (MDD), OCD, phobia, PTSD, and others. Among them, the market is expected to witness significant growth due to major depressive disorder. MDD results in poor quality of life and overall decreased productivity and can increase suicidal cases. Furthermore, the large portion of the adults affected by the disorder raises concerns for the governments and healthcare institutions to provide better treatment for the disorder. As per NIMH, 19.4 million adults, or 7.8 percent of all adults in the United States have suffered from a major depressive disorder.
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North America to Grab Lion’s Share, and witnessed Explicit Growth
For a better understanding of the market adoption of the anxiety and depression treatment, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the anxiety and depression treatment industry owing to the increasing number of depression cases and rising lifestyle-associated stress in the region. Furthermore, growth in awareness regarding mental health, high-disposable income, and an increase in the number of prescriptions for antidepressants is further expected to drive the market. North America is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Anxiety and Depression Treatment Market Analysis, 2021”.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Anxiety and Depression Treatment Market are GlaxoSmithKline plc, Pfizer, Inc., Eli Lilly and Company, H. Lundbeck A/S, Forest Laboratories, Inc., AstraZeneca, Merck & Company, Inc., Johnson & Johnson, Sanofi-Aventis, and Lupin ltd. among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.
“Global Anxiety and Depression Treatment Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Anxiety and Depression Treatment providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
1. By Drug Type (Antidepressants, Anticonvulsants, Atypical Antipsychotics, Benzodiazepines, and Beta-blockers)
2. By Distribution Channels (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies)
3. By Disorder Type (Major Depressive Disorder (MDD), OCD, Phobia, PTSD, and Others)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (GlaxoSmithKline plc, Pfizer, Inc., Eli Lilly and Company, H. Lundbeck A/S, Forest Laboratories, Inc., AstraZeneca, Merck & Company, Inc., Johnson & Johnson, Sanofi-Aventis, Lupin ltd., etc.)
Key questions answered in the study:
1. What are the current and future trends in the anxiety and depression treatment industry?
2. How the industry has been evolving in terms of product type and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the anxiety and depression treatment industry?
5. What are the customer orientation, purchase behavior, and expectations from the anxiety and depression treatment firms across various regions?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL ANXIETY AND DEPRESSION TREATMENT MARKET COVID-19 IMPACT
6 GLOBAL ANXIETY AND DEPRESSION TREATMENT MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY DRUG TYPE
8 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
9 MARKET INSIGHTS BY DISORDER TYPE
10 MARKET INSIGHTS BY REGION
11 ANXIETY AND DEPRESSION TREATMENT MARKET DYNAMICS
12 ANXIETY AND DEPRESSION TREATMENT MARKET OPPORTUNITIES
13 ANXIETY AND DEPRESSION TREATMENT MARKET TRENDS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY-SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
19 DISCLAIMER
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