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Antidepressants Drugs Market worth $39.99 billion by 2030, growing at a CAGR of 9.85% - Exclusive Report by 360iResearch
Antidepressants Drugs Market | 360iResearch
The Global Antidepressants Drugs Market to grow from USD 20.71 billion in 2023 to USD 39.99 billion by 2030, at a CAGR of 9.85%.
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Antidepressants are a medication used to treat major depression, anxiety disorders, chronic pain, and addiction. The primary goal of antidepressant treatments is to alleviate the symptoms of severe depression, such as feeling down and exhausted, and to keep them from recurring. The rising prevalence of post-traumatic stress disorder (PTSD), obsessive-compulsive disorder (OCD), and anxiety issues have increased the need for antidepressant medications. Furthermore, rising public awareness of mental health issues and favorable government support has increased the use of antidepressant medications. However, negative health issues, expensive treatments, and the stigma associated with mental health problems may inhibit market growth. However, ongoing product development and surging regulatory approvals may create enormous market opportunities.
From a geographical perspective, the American region is considered the prominent user of antidepressant drugs due to the high demand for disease-specific treatment, the rise in adoption of newer technologies, the presence of refined healthcare expenditure, increased patient awareness, and the high prevalence of depression. Moreover, the growing approvals from the Food and Drug Administration (FDA) and ongoing research and development (R&D) activities in the United States have facilitated the adoption of antidepressants to counter depression, anxiety disorders, and other mental disease. Additionally, the increased prevalence of common mental disorders, antidepressant prescription over non-pharmacological therapies, growing access to antidepressants, or low investment in therapeutic innovation in European countries have enlarged the market growth. At the same time, favorable government initiatives and campaigns and rising public awareness about mental health in the Asia-Pacific region have initiated the adoption of antidepressants. Asia-Pacific is believed to have lucrative growth due to the presence of globally marketed players in this region and growing cases of mental illness.
Market Segmentation & Coverage:
This research report categorizes the Antidepressants Drugs Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Drug Class, market is studied across Monoamine Oxidase Inhibitors, Reuptake Inhibitors, Selective Serotonin Reuptake Inhibitors, Serotonin Antagonist, Serotonin-Norepinephrine Reuptake Inhibitors, and Tricyclic Antidepressants. The Selective Serotonin Reuptake Inhibitors commanded largest market share of 32.69% in 2023, followed by Serotonin-Norepinephrine Reuptake Inhibitors.
Based on Indication, market is studied across Anxiety Disorders, Attention Deficit Hyperactivity Disorder, and Major Depressive Disorder. The Anxiety Disorders commanded largest market share of 32.80% in 2023, followed by Major Depressive Disorder.
Based on Route of Administration, market is studied across Injectable and Oral. The Oral commanded largest market share of 54.72% in 2023, followed by Injectable.
Based on Distribution Channel, market is studied across Hospital Pharmacy, Online Pharmacy, and Retail Pharmacy. The Retail Pharmacy commanded largest market share of 59.88% in 2023, followed by Hospital Pharmacy.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.77% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Antidepressants Drugs Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Antidepressants Drugs Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Antidepressants Drugs Market, highlighting leading vendors and their innovative profiles. These include A. N. Pharmacia Laboratories Pvt. Ltd., AbbVie Inc., Alkermes PLC, Angelini Pharma S.p.a., Apotex Inc., AstraZeneca PLC, Biogen Inc., Bristol Myers Squibb Company, CAPLYTA by Intra-Cellular Therapies, Inc., Divi's Laboratories Limited, Dr. Reddy's Laboratories Ltd., Eisai Co., Ltd., Eli Lilly and Company, Eridanus Healthcare, H. Lundbeck A/S, Jabs Biotech Pvt. Ltd., Johnson & Johnson Services, Inc., La Renon Healthcare Pvt. Ltd., Lupin Ltd., Mallinckrodt PLC, Merck & Co., Inc., Midas Pharma GmbH, Neurocon Inc., Organon & Co., Otsuka Pharmaceutical Co., Ltd., Pfizer Inc., Sandoz International GmbH by Novartis AG, Sanofi S.A., Somacare, SteriMax Inc., Sun Pharmaceutical Industries Limited, Takeda Pharmaceutical Co. Ltd., Teva Pharmaceutical Industries Ltd., UCB S.A., and Wellona Pharma.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Antidepressants Drugs Market, by Drug Class
7. Antidepressants Drugs Market, by Indication
8. Antidepressants Drugs Market, by Route of Administration
9. Antidepressants Drugs Market, by Distribution Channel
10. Americas Antidepressants Drugs Market
11. Asia-Pacific Antidepressants Drugs Market
12. Europe, Middle East & Africa Antidepressants Drugs Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Antidepressants Drugs Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Antidepressants Drugs Market?
3. What is the competitive strategic window for opportunities in the Antidepressants Drugs Market?
4. What are the technology trends and regulatory frameworks in the Antidepressants Drugs Market?
5. What is the market share of the leading vendors in the Antidepressants Drugs Market?
6. What modes and strategic moves are considered suitable for entering the Antidepressants Drugs Market?
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