The market is expected to exhibit high growth in
developed economies such as the U.S. and Europe over the forecast period. The
rapid increase in the number of patients suffering from depression is expected
to be one of the main driving forces for the estimated growth, which can be
attributed to elevating stress levels, unhealthy lifestyle, and social
imbalances. In the U.S. and Europe, various regulations pertaining to drug
approval and patents, as well as commercial issues, such as restriction on the
sale of antidepressants without prescription are the major restraints which are
expected to negatively impact market growth. Rise in various medical disorders
due to increase in stress levels and unhealthy lifestyle in Asia Pacific and
the Middle East is expected to lead to market expansion.
The acceptability of various drugs is expected to
increase due to growing public awareness regarding depression and associated
disorders. This is expected to result in increasing drug penetration.
Depression drugs, as the name suggests, are primarily
used for the treatment of depression, and also known as antidepressants. These
drugs are also used in the treatment of a wide range of medical conditions such
as anxiety disorders, neuropathic pain, eating disorders, chronic pain and obsessive
compulsive disorder. The depression drug market includes a wide range of drugs,
and can be segmented on the basis of key product types, which are Tricyclic
antidepressants (TCAs), Serotonin norepinephrine reuptake inhibitors (SNRIs),
Selective serotonin reuptake inhibitors (SSRIs), Monoamine oxidase inhibitors
(MAOIs), and atypical antidepressants.
Some of the key vendors operating in this market
include Bristol-Myers Squibb, Eli Lilly, GlaxoSmithKline, Lundbeck, Forest
Laboratories and others.
This research report analyzes this market depending on
its market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North
America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis
of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in
the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments
in technology, Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed
value chain analysis.
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