Serotonin and Norepinephrine Reuptake Inhibitors Market size was valued nearly US$ XX Bn. in 2019 and the total revenue is expected to grow at XX% through 2019 to 2027, reaching nearly US$ XX Bn.
Serotonin and Norepinephrine Reuptake Inhibitors Market
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Serotonin and norepinephrine reuptake inhibitors (SNRIs) are a class of meds that are successful in treating depression. SNRIs are also used to treat different conditions, for example, anxiety issues and long haul (chronic) pain, particularly nerve pain. SNRIs might be useful if one has chronic pain in addition to depression.
Some of the significant driving factors for the development of this market include rising prevalence of depression and anxiety problems across the globe, improved adequacy and decreased side effects of SNRIs accessible in the global market and quickly expanding geriatric population. As per MMR Study, in 2012, in excess of 350 million individuals were discovered to be influenced by depression around the world. Thus, the Anxiety and Depression Association of America (ADAA) assessed that, in 2012 about 14.8 million individuals in the U.S. were experiencing depression condition. As per WHO report, on an average approximately 3% of health budget globally is allocated to mental health. It is estimated that there is an economic loss of trillion USD every year owing to low levels of recognition of mental illness, lack of proper care for depression, anxiety and other related mental issues.
The antidepressant drugs are utilized in disorders like agitation, obsessive-compulsive disorders (OCD), childhood enuresis, depression issue, anxiety problem, bipolar disorder, posttraumatic stress disorder (PTSD), social anxiety problem and so on. Antidepressant drug are additionally utilized in off- label cases, like a sleeping disorder, pain, and headache. Practically 29% of upper medications are utilized for off- label purpose.
North America dominates the SNRIs market followed by Europe. Main factor for their predominance is high prevalence of anxiety problems and depression in these regions, particularly in the U.S. As indicated by the World Health Organization (WHO), in 2012, around 16 million grown-ups aged 18 or above experienced significant depressive disorders in the U.S. Consequently, many people are experiencing depression and different mental illness that has helped the antidepressants market to grow significantly in the region.
Asia Pacific, Middle East, Latin America and Africa regions will also contribute to the growth of this market in the forecast period owing to rising awareness towards mental health. But social stigma, lack of available resources, trained healthcare individuals, and lack of proper financing towards mental health can still restrict the market growth.
The objective of the report is to present a comprehensive analysis of the Serotonin and Norepinephrine Reuptake Inhibitors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Serotonin and Norepinephrine Reuptake Inhibitors Market dynamics, structure by analyzing the market segments and projects the Serotonin and Norepinephrine Reuptake Inhibitors Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Serotonin and Norepinephrine Reuptake Inhibitors Market make the report investor’s guide.
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Scope of the Serotonin and Norepinephrine Reuptake Inhibitors Market
Serotonin and Norepinephrine Reuptake Inhibitors Market, By Depressive Disorder
• Major Depressive Disorder
• Obsessive-Compulsive Disorder
• Generalized Anxiety Disorder
• Panic Disorder
• Others
Serotonin and Norepinephrine Reuptake Inhibitors Market, By Product
• Tricyclic Antidepressants
• Selective Serotonin Reuptake Inhibitors
• Serotonin-Norepinephrine Reuptake Inhibitors
• Monoamine Oxidase Inhibitors
• Serotonin Antagonist and Reuptake Inhibitors
• Others
Serotonin and Norepinephrine Reuptake Inhibitors Market, By Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in the Serotonin and Norepinephrine Reuptake Inhibitors Market
• Alkermes Plc
• Allergan Plc
• Bristol Myers Squibb Co.
• Eli Lilly and Co.
• GlaxoSmithKline Plc
• H. Lundbeck
• Merck & Co. Inc.
• Pfizer Inc.
• Takeda Pharmaceutical Co. Ltd
• Teva Pharmaceutical Industries Ltd.
• AstraZeneca
• Johnson & Johnson
• others
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