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Depression Treatment Therapy Market 2018 Growth, COVID Impact, Trends Analysis Report 2023

01-07-2021 08:24 AM CET | Health & Medicine

Press release from: Orion Market Research

Depression Treatment Therapy Market

Depression Treatment Therapy Market

The depression treatment therapy market is estimated to grow moderately over the forecast period. Rapidly increasing cases of depression and innovations in drugs and therapies for anxiety disorders have been some of the primary drivers of the depression treatment therapy industry. Depression is growing to be one of the most significant contributors to the burden of diseases globally. Depression is affecting individuals all across the globe, with an estimated 350 million suffering from it, according to WHO (World Health Organization). According to a survey carried out in 17 countries by WHO, it was reported that on an average 1 in every 20 individuals had a depression event in 2017. The demand for restricting depression and other lethal mental health disorders is on the rise globally, which is fuelling the depression treatment therapy market.

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The emerging organizations' investments for drug and therapy development in psychiatric disorders and depression seem to be at a significant incline over the last decade. Perseverance of this trend is expected to have positive implications for the future output of ground-breaking drugs and medicines in curing mental health disorder. However, there is still a significant unfulfilled need for new drugs and therapies for the treatment of mental health disorders. According to WHO, as of 2019, there are only 29 active approved substances for major depression since 1959. Additionally, a unique molecular target-based prospective new therapeutic approaches and procedures have witnessed a considerable number of setbacks. Presently, 33 drug programs are in clinical trials and using new therapeutic approaches for depression.

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Recent investment levels, R&D trends, and depth of existing clinical pipeline could impede the way for future innovations in depression therapeutics. There has been a significant drop in clinical trial initiations over the last few years for novel drug candidates in depression. Enterprise expenditures into companies with depression focused programs have nearly non-existent over the past few years. Further, the limits of currently available drugs for depression imply thatfurther therapeutic choices are in demand to address patients' needs. This patient need presents a lucrative opportunity for organizations desiring to enter the depression treatment therapy market.

GlobalDepression Treatment Therapy Market - Segmentation

By Depression Type

Seasonal Affective Disorder (SAD)
Major Depression
Dysthymia Disorder
Postpartum Depression
Atypical Depression
Psychotic Depression
Bipolar Disorder
By Drugs Type

Selective Serotonin Reuptake Inhibitors
o Fluoxetine (Prozac)

o Sertraline (Zoloft)

o Escitalopram (Lexapro)

o Others Ssris

Atypical Antidepressants
o Bupropion (Wellbutrin)

o Duloxetine (Cymbalta)

o Venlafaxine (Effexor)

o Desvenlafaxine (Pristiq)

o Others Atypical Antidepressants

Tricyclic Antidepressants
By Depression Treatment Device

Transcranial Magnetic
Deep Brain Stimulator
Virtual Reality Therapy
Vagus Nerve Stimulator
Smart Phone Applications
Others Devices
GlobalDepression Treatment Therapy Market – Segment by Region

North America

US
Canada
Europe

Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific

China
Japan
India
Rest of Asia-Pacific
Rest of the World

Middle East & Africa
Latin America
COMPANY PROFILES

ABBOTT LABORATORIES
ALLERGAN PLC
ASTRAZENECA
BRAIN RESOURCE COMPANY (BRC)
BRAINSWAY LTD.
BRISTOL MYERS SQUIBB
CYBERONICS, INC
ELECTROMEDICAL PRODUCTS INTERNATIONAL, INC.
ELI LILLY AND COMPANY
JOHNSON & JOHNSON
LANNETT CO INC
LIFECARE NEURO PRODUCTS LIMITED
H. LUNDBECK A/S
MAGVENTURE
MAYO CLINIC
MERCK & CO.
NEUROSIGMA, INC.
NEURONETICS
NOVARTIS
OTSUKA PHARMACEUTICALS
PFIZER
ROCHE HOLDING AG
SANOFI-AVENTIS
SILVER OAK HEALTH
SUN PHARMACEUTICAL INDUSTRIES LTD.
TAKEDA PHARMACEUTICALS
TEVA PHARMACEUTICALS
THERAPY CHARLOTTE LLC
VALEANT PHARMACEUTICALS INTERNATIONAL
VISTAGEN THERAPEUTICS, INC.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/depression-treatment-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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