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Antidepressant Market Will Reach $1.598 Billion In 2023
Dec 03, 2018

The market demand for obsessive-compulsive drugs in the forecast period is the highest

 

Due to lifestyle changes and the need to improve quality of life, the obsessive-compulsive drug market is expected to achieve a compound annual growth rate of up to 2.9% during the forecast period. However, the market for major depression drugs accounted for the largest market share of antidepressants in 2017, accounting for about 40% of total income, as most patients were diagnosed with this disease due to high stress levels. Other parts of the report, including generalized anxiety disorder, panic disorder, etc., were analyzed.

 

Selective serotonin reuptake inhibitors will lead the market by 2023

 

It is predicted that selective serotonin reuptake inhibitors will exhibit a compound annual growth rate of 2.7% at the fastest during the forecast period because they are very effective in treating depression and anxiety, and their side effects are minimal. Other antidepressant products including tricyclic antidepressants, serotonin-norepinephrine reuptake inhibitors, monoamine oxidase inhibitors, and serotonin antagonists were analyzed in the report.

 

North America’s largest market share status will remain until 2023

 

North America has the largest share of market share, accounting for more than half of total income, due to increased incidence of stress, suicidal mood, severe psychological disorders and anxiety among adults in the region. However, due to the increased approval of new drug sales in the Asia-Pacific region and the presence of a large number of elderly populations, the region is expected to grow at a compound annual growth rate of 4.0% during the study period. Other areas analysed in the report include Europe, Latin America, the Middle East and Africa.


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