Press release
Seasonal Affective Disorder Therapeutics Market Size, Status, Scope and Growth Prospects 2020-2030
Seasonal Affective Disorder Therapeutics Market
From 2020 to 2030, the global seasonal affective disorder is set to witness new profitable avenues. It is set to chart growth at a sturdy rate, compounded annually, with massive contributions coming from the North American region. On the other hand, Asia Pacific is anticipated to grow at an impressive CAGR.
Transparency Market Research notes that various factors are contributing towards the projected growth. These include growing prevalence of seasonal affective disorders, increasing research and development initiatives, and improving availability of better treatment options. It is quite notable here that a number of antipsychotic medications are being used as bipolar disorder short term treatment.
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Global Seasonal Affective Disorder Therapeutics Market: Competitive Landscape
The global seasonal affective disorder therapeutics market is quite competitive owing to its players taking active, aggressive and impactful growth strategies. The aim is to not just to carve off a higher market share but also to consolidate market position.
• AbbVie Inc.
• Eli Lilly and Company
• F. Hoffman-La Roche AG
• GlaxoSmithKline plc.
• Mylan N.V.
• Novartis AG
• Pfizer Inc.
• Teva Pharmaceuticals USA, Inc.
Key strategies noted in the vendor landscape of the global seasonal affective disorder therapeutics market include growing research and development (R&D), and entering impactful collaborations such as partnerships and mergers.
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Global Seasonal Affective Disorder Therapeutics Market: Key Trends and Drivers
• The prevalence of depression and seasonal affective disorder is growing and that is leading to notable growth in demand for antipsychotic medications. Some of the reasons being this are growing cases of substance abuse, high stress situations, among others. The current condition, where a pandemic has pushed a large number of people inside their homes, with minimum human contact, is aggravating the situation. It is worth noting here that in short term treatment for bipolar disorder, aforementioned medications are used. Symptoms such as hallucinations, mania, and delusions are also seen in severe depression. Such uses and increasing prevalence are therefore fuelling notable growth in the market.
• Some of the antipsychotics are used as sedatives – off label uses. These are then used to treat anxiety, agitation, and insomnia. As mood stabilizers, these play a role to relieve symptoms of mania. Increasing research and development is paving way for notable growth in the global seasonal affective disorder therapeutics market over the assessment period of the report, prepared by Transparency Market Research.
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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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