The market is expected to exhibit high
growth in developed economies such as the U.S. and Europe over the
forecast period. The rapid increase in the number of patients suffering
from depression is expected to be one of the main driving forces for
the estimated growth, which can be attributed to elevating stress
levels, unhealthy lifestyle, and social imbalances. In the U.S. and
Europe, various regulations pertaining to drug approval and patents, as
well as commercial issues, such as restriction on the sale of
antidepressants without prescription are the major restraints which are
expected to negatively impact market growth. Rise in various medical
disorders due to increase in stress levels and unhealthy lifestyle in
Asia Pacific and the Middle East is expected to lead to market
expansion.
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The acceptability of various drugs is
expected to increase due to growing public awareness regarding
depression and associated disorders. This is expected to result in
increasing drug penetration.
Depression drugs, as the name
suggests, are primarily used for the treatment of depression, and also
known as antidepressants. These drugs are also used in the treatment of a
wide range of medical conditions such as anxiety disorders,
neuropathic pain, eating disorders, chronic pain and obsessive
compulsive disorder. The depression drug market includes a wide range
of drugs, and can be segmented on the basis of key product types, which
are Tricyclic antidepressants (TCAs), Serotonin norepinephrine
reuptake inhibitors (SNRIs), Selective serotonin reuptake inhibitors
(SSRIs), Monoamine oxidase inhibitors (MAOIs), and atypical
antidepressants.
Some of the key vendors operating in
this market include Bristol-Myers Squibb, Eli Lilly, GlaxoSmithKline,
Lundbeck, Forest Laboratories and others.
This research report analyzes this
market depending on its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report
also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value
chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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