Anxiety and Depression Treatment Market Emerging Trends, Advancement, Growth and Business Opportunities 2030

The anxiety and depression treatment market will progress at a rate of 3.3% in the years to come, to reach USD 24,467.7 million by 2030.

The main factors accountable for the growth of the industry contain increasing elderly population, increasing consciousness about mental ailments and their treatment, and the growing count of product approvals.

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The drugs category had larger share in the industry in the past, and it will retain its position in the years to come. This is majorly because of the growing count of product launches, initiatives of the private and public health institutions to spread consciousness pertaining to mental ailments, and research projects for mental ailments.

The major depressive disorder category will grow the fastest in the years to come. This can be mostly credited to the increase in count of major depressive ailment cases, together with evolution in public consciousness on this issue, and increase in frequency of screening by people for better mental health.

Hospital pharmacies dominated the anxiety and depression drugs market, and this trend will continue in the years to come, as per a report by P&S Intelligence. The high sales of anxiety and depression treatment products through this channel are mostly as a result of the growing patients visits for looking for professional support for their degrading mental health.

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North America had the largest share in the past, and it will continue like this by the end of this decade.

This is majorly credited to the increase in the case count of pain, as well as the greater incidence of anxiety and key depressive disorders, growth in consciousness concerning high disposable income, mental health, and surge in count of prescriptions for antidepressants.

With the increasing age, people face numerous stress conditions. Some of them happen with the people of all ages, while some are specifically for old-age, such as loss in competences of functioning properly.

Furthermore, the older people experience decreased socioeconomic status with retirement, worsening the situation leading to loneliness and isolation.

Therefore, the aged people are more susceptible toward mental ailments, for instance depression and anxiety. Therefore, the increasing cases of anxiety and depression in elderly people globally, would help the market to advance.

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The consciousness about mental health has increased globally, as a result of the increased initiatives by public and private healthcare institutions. The WHO declared 10th October as the World Mental Health Day, for increasing awareness, reduce the stigma, deliver access to services, provide different treatment prospects, and support for mental health and the problems associated with it.

The increasing aging population all over the world has a lot to do with the growing anxiety and depression treatments among people.

Market Size Breakdown by Segment

By Product Type
• Drugs
o Antidepressants
 SSRIs
 SNRIs
 TCAs
 MAOIs
 Others (atypical antidepressants and noradrenergic and specific serotonergic antidepressants [NaSSAs])
o Anticonvulsants
o Atypical antipsychotics
o Benzodiazepines
o Beta-blockers
• Devices
By Disorder Type
• Major Depressive Disorder
• OCD
• Phobia
• PTSD
• Others (persistent depressive disorder, atypical depression, premenstrual dysphoric disorder, bulimia, and hot flashes caused by menopause)
By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Channels
• Direct Channels

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About P&S Intelligence

P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

This release was published on openPR.