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Massive Growth of Antidepressant Drugs Market 2020-2028 Is Booming Worldwide with Comprehensive Study Explores Huge Revenue Scope in Future | Top Key Players Like Alkermes Plc, Allergan Plc, Bristol Myers Squibb Co., Eli Lilly And Co., Glaxosmithkline Plc, H. Lundbeck, Merck & Co.

The global antidepressant drugs market was valued at $13,755 million in 2020, and is estimated to reach $15,983 million by 2023, registering a CAGR of 2% from 2020 to 2028.

Depression includes a variety of mental health problems characterized by the absence of a positive emotion, low mood, and a range of associated cognitive, physical, emotional, and behavioral symptoms. It is a very common condition that affects 1 in every 5 Americans. There are many factors including genes, factors such as stress and brain chemistry that could lead to depression. According to WHO almost 350 million people worldwide were affected with depression in 2016. Antidepressants help maintain balance of various hormones and chemicals in the brain, which helps in the treatment of depression. Increase in prevalence of depression, rise in geriatric population, and emergence of novel techniques for the development of drugs with fewer side-effects drive the market. Moreover, increase in awareness regarding the disease state and required clinical needs, and rise in number of people suffering from stress can fuel the growth of the antidepressant drugs market. However, poor efficacy and safety profiles of the drug, preference for non-pharmacological therapies, and increase in number of patent expiration of antidepressants that lead to weak pipeline are expected to hamper the market growth.

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The key players operating in the global antidepressant drugs market include Alkermes Plc, Allergan Plc, Bristol Myers Squibb Co., Eli Lilly and Co., GlaxoSmithKline Plc, H. Lundbeck, Merck & Co., Inc., Pfizer Inc., Teva Pharmaceutical Industries Ltd., and Takeda Pharmaceutical Co. Ltd.

This report segments the global Antidepressant Drugs Market on the basis of Types are:

  • Major Depressive Disorder
  • Obsessive-Compulsive Disorder
  • Generalized Anxiety Disorder
  • Panic Disorder
  • Others

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North America market is expected to account for highest share in the global antidepressant drugs market in terms of revenue, owing to increasing incidences of generalized anxiety disorder, agitation, obsessive compulsive disorders (OCD). In addition, presence of prominent players operating in the market in this region is another factor contributing to growth of target market in North America. Europe market is projected to account for second-largest revenue share in the global market, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to register highest CAGR in terms of revenue over the forecast period.

On the basis of Application, the Global Antidepressant Drugs Market is segmented into:

  • Tricyclic Antidepressants
  • Selective Serotonin Reuptake Inhibitors
  • Serotonin-norepinephrine reuptake Inhibitors
  • Monoamine oxidase inhibitors
  • Serotonin antagonist and reuptake inhibitors
  • Others

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Key Benefits for Market Reports –

Global Antidepressant Drugs market report covers in depth historical and forecast analysis.

Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global Antidepressant Drugs market report helps to identify opportunities in market place.

Global Antidepressant Drugs market report covers extensive analysis of emerging trends and competitive landscape.

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