Global Depression Drugs Market: Emerging Trends, Business Growth Opportunities, Major Driving Factors
TMR’s report on the global depression drugs market studies the past as well as the current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2020 to 2030. The report provides the value of the global depression drugs market for the period 2018–2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global depression drugs market from 2020 to 2030.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global depression drugs market.
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Global Depression Drugs Market Witness Most Promising Rise in Demand:
Depression today has emerged as a ‘silent killer’ in several regions around the world, particularly in urban cities. The prevalence of depression continues to grow at a rapid pace and has considerably high mortality and morbidity rate due to which, the healthcare sector continues its pursuit for novel medications and therapies. At present, tricyclic antidepressants, selective serotonin reuptake inhibitors (SSRIs), serotonin and norepinephrine reuptake inhibitors (SNRIs), and atypical antidepressants among others. Although these drugs have proved to be highly effective, a large number of patients have reported side effects or have not responded to these drugs in the required manner.
At the back of these factors, along with growing awareness regarding depression, the global depression drugs market is expected to attain a market value of ~US$ 24.3 Bn by the end of 2030. The evolving regulatory landscape, along with the fast-paced development of new depression medications are likely to influence the overall growth trajectory of the depression drugs market during the assessment period.
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The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global Depression Drugs market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global Depression Drugs market.
Key Players of Global Depression Drugs Market:
The report concludes with the company profiles section that includes key information about the major players in the depression drugs market
Leading players analyzed in the depression drugs market report are
- Johnson & Johnson
- Otsuka Pharmaceutical Co., Ltd.,
- Novartis AG
- Eli Lilly and Company
- Takeda Pharmaceutical Company Limited
- Abbott, Pfizer
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