market Research Report Anxiety Disorders &Depression Treatment Market
Global anxiety disorders and depression treatment market is expected to witness remarkable growth over the coming seven years due to rising incidences of depression and anxiety disorders coupled with growing geriatric population base. In addition, factors such as introduction of efficient products with less side effects and increasing demand for antidepressants used in treatment of panic disorders, phobias and obsessive compulsive disorder are expected to result in increased growth of this market over the forecast period.
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The global anxiety disorders and depression treatment market is categorized on the basis of drugs and pipeline analysis. By drugs, the market is divided into beta blockers, TeCAs (Tetracyclic Antidepressants), SNRIs (Serotonin Norepinephrine Reuptake Inhibitors), TCAs (Tricyclic Antidepressants), SSRI (Selective Serotonin Reuptake Inhibitors), MAOIs (Monoamine Oxidase Inhibitors), anticonvulsants, atypical antipsychotics and benzodiazepines. The SNRIs market segment is expected to witness fastest growth owing to higher efficiency rate in treatment of generalized anxiety disorders. By pipeline analysis, the market is divided into ALKS 5461, Brintellix and Brexpiprazole. Increasing clinical trials and anticipated commercialization of pipeline products are expected to propel the growth of antidepressants drugs market over the forecast period. Regionally, as of 2014, North America witnessed highest share owing to increasing incidence of depression, availability of multi brand formulations and favourable government policies. European region is expected to witness rapid growth due to growing geriatric population base and increased usage of antidepressants in this region. Rising disposable income, awareness about antidepressants and prevalence of anxiety disorders are expected to result in fastest market growth in Asia pacific region. Also, Latin America region is anticipated to register steady growth owing to revamped healthcare facilities in this region.
The market players operating in global anxiety disorders and depression treatment market are Johnson & Johnson, Merck & Co., Sanofi Aventis, Eli Lilly & Co., AstraZeneca plc, Pfizer Inc., GlaxoSmithKline plc, Forest Laboratories Inc. and H. Lundbeck A/S. The companies are adopting competitive strategies such as new product development and modification of distribution channels to increase their market penetration. For example, Forest Laboratories launched a drug namely Vilazodone in June 2014, which provides high tolerability, efficiency and safety in treatment of GAD (Generalized Anxiety Disorder). Also, in 2013, Eli Lilly and Co. introduced Duloxetine, a SNRI for the treatment of depressive disorder, generalized anxiety disorder and post traumatic stress disorder.
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