Antidepressant drugs are the most commonly prescribed class of drugs that is used for the treatment of depression. Depression is a health condition that can affect the normal functioning of an individual’s life. Rise in cortisol levels that is triggered by depression results in the enlargement of the amygdala, which is the part of the brain that is responsible for emotional responses. Sleep disturbances, lethargy, suicidal thoughts, etc., can be caused due to this. Therefore, the treatment of depression is of extreme importance for the mental well being of an individual. Drugs are provided on a prescription basis by mental health practitioners in cases with moderate and severe depression. Along with depression, other conditions such as PTSD, OCD, panic disorder, etc., are treated by antidepressants. Fluoxetine, which is commonly sold as Prozac and Sarafem, is a selective serotonin reuptake inhibitor (SSRI) type antidepressant that is used in the treatment of major depressive disorder (MDD), bulimia nervosa, OCD, amongst others. Taken by mouth, Fluxetine has also been used for treating premature ejaculation in young adults. Therefore, the use of antidepressants for the treatment of common disorders, coupled with the rise in depression cases globally that require prescription-based drugs is helping in the growth of the global antidepressant drugs market.
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The COVID-19 pandemic has affected countries all over the globe. Studies show that there has been a significant rise in the cases of depression due to the pandemic. Rise in unemployment, coupled with social distancing norms that have reduced the availability of entertainment sources such sporting complexes, can be cited as a major reason for this. Medical professionals are increasingly providing antidepressants to tackle the growth in depression-related cases during the Coronavirus pandemic. Hence, the COVID-19 crisis is expected to have a positive impact on the global antidepressant drugs market in the coming years.
The detailed research study provides qualitative and quantitative analysis of antidepressant drugs market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- In terms of revenue, global antidepressant drugs market was valued at US$ 24148.76 Mn in 2019 and is anticipated to grow at a CAGR of 12.13% over the forecast period (2021 – 2029).
- Tablets and capsules accounted for a considerable share in the global antidepressant drugs market in 2019. The ease of administration, coupled with the reduced cost of packaging and delivery, is a major reason for this. Zoloft by Pfizer Inc., for instance, is an antidepressant drug that is available in the form of 25, 50, and 100 mg tablet.
- The APAC region is expected to show the highest growth during the forecast years (2021 – 2029) in the global antidepressants drugs market. The rise in awareness by government bodies in the APAC countries is reducing the stigma associated with depression, and more individuals are seeking medical help.
- Some of the players operating in the antidepressant drugs market are Abbot, AbbVie, AstraZeneca, Eli Lilly and Company, F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc., H. Lundbeck A/S, Janssen Pharmaceuticals, Inc., Lupin Pharmaceuticals, Inc., Merck & Co., Inc., Novartis AG, Pfizer Inc., sanofi-aventis U.S. LLC, Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd, amongst others.
Global Antidepressant Drugs Market:
- By Type
- Serotonin and Noradrenaline Reuptake Inhibitors (SNRIs)
- Selective Serotonin Reuptake Inhibitors (SSRIs)
- Tricyclic Antidepressants (TCAs)
- Monoamine Oxidase Inhibitors (MAOIs)
- Noradrenaline and Specific Serotoninergic Antidepressants (NASSAs)
- By Mode of Administration
- Tablets and Capsules
- Liquids
- Injections
- Inhalation
- Others
- By End-Users
- Hospitals and Clinics
- Pharmacies
- Urgent Care Centers
- Research Institutes
- Others
- By Disorder Type
- Major and Minor Depression
- Obsessive Compulsive Disorder
- Generalized Anxiety
- Posttraumatic Stress (PTSD)
- Social Anxiety
- Agitation and Stress
- Bipolar Disorder
- Others
- By Region
- North America
- U.S
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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