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Dec 03, 2018
Antidepressant Market Will Reach $1.598 Billion In 2023
Recently, Allied Market Research released a book called Depression Drug Market Depression (Heavy Depression, OCD, Generalized Anxiety Disorder, Panic Disorder, etc.) and Products (Tricyclic Antidepressants, Selective 5- Serotonin reuptake inhibitors, serotonin norepinephrine reuptake inhibitors, monoamine oxidase inhibitors, serotonin antagonists and reuptake inhibitors and others): Global Opportunity Analysis and Industry Forecast, 2017-2023. The article shows that the global antidepressant market is expected to reach $15.98 billion by 2023, with a compound annual growth rate of 2.1% during the forecast period. The arterial network compiled the subject of the article for you:   The report provides an in-depth analysis of the global antidepressant market through industry trends, drivers and opportunities, key growth strategies, and competitive landscapes. According to the report, the global market for antidepressants in 2017 was $14.11 billion, and is expected to reach $15.98 billion by 2023. The compound annual growth rate during the forecast period is 2.1%.   The emergence of innovative technologies such as increased burden of depression, an increase in the elderly population, and the development of drugs with fewer side effects have driven market growth. However, the efficacy and safety of the drug is poor, the propensity for non-pharmacological treatment and the increase in the duration of antidepressant patents have hampered market growth. Conversely, an increase in awareness of the state of the disease and an increase in the number of patients with anxiety are expected to create opportunities for future market participants to make a profit.
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