Anti Depressant Market Report

Market Insights

The Anti-Depressant market is projected to grow from USD 14.3 billion in 2020 to USD 17.5 billion by 2026 at a CAGR of around 3.4% during the forecast period.

Figure: Anti-Depressant Market Size, 2020-2026 (USD Billion)

Wish to get a free sample? Register Here

What are antidepressants?

Antidepressants can be defined as drugs that help to alleviate depressive symptoms, anxiety disorders, social anxiety disorder, and dysthymia among others. The antidepressant drugs available in the market include tricyclic antidepressants, selective serotonin reuptake inhibitors, serotonin-norepinephrine reuptake inhibitors, monoamine oxidase inhibitors, serotonin antagonists, and reuptake inhibitors among others.

Key Players

Key players operating in the Anti-Depressant market are-

• Alkermes (Ireland)
• Allergan, Inc. (Ireland)
• Bristol Myers Squibb (US)
• Eli Lilly and Company (US)
• GlaxoSmithKline plc (UK)
• H. Lundbeck A/S (Denmark)
• The Merck Group (Germany)
• Pfizer Inc. (US)
• Teva Pharmaceutical Industries Ltd. (Israel)
• The Takeda Pharmaceutical Company Limited (Japan)

Market Dynamics

The growth of the anti-depressant market is primarily driven by an increasing number of people suffering from depression. Expanding geriatric populace across geographies coupled with rising spending on healthcare is expected to propel the market growth at a significant rate during the review period. Additionally, a growing emphasis on initiatives aimed at creating awareness regarding the disease state is likely to create lucrative opportunities for the market players during the review period.

Segments' Analysis

Depressive disorder Trends

By depressive disorder, the anti-depressant market has been bifurcated into major depressive disorder, obsessive-compulsive disorder, generalized anxiety disorder, panic disorder, and others. Under these, the major depressive disorder segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be an increasing number of people suffering from depression.

Regional Trends

By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to the high prevalence of depression, expanding geriatric populace, and presence of key market players such as Bristol Myers Squibb (US) and Eli Lilly and Company (US). The market growth in the Asia-Pacific region is expected to be driven by rising awareness among consumers regarding depression disease in developing countries, particularly China and India.

COVID-19 Impact on Anti-Depressant Market

The outbreak of the COVID-19 virus has affected the growth of the healthcare industry significantly. Stringent lockdown measures and restricted movement of people affected the product supply for a short period and thus, affected the market growth.

Critical Questions Answered in the Report

• What are the key trends in the Anti-Depressant market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Anti-Depressant market?
• What are the key strategies adopted by the major vendors to lead in the Anti-Depressant market?
• What is the market share of the top vendors?

Get the full scope of the report. Register Here

Target Audience

Here is the list of the group of customers that the anti-depressants market hopes to have the greatest opportunity to convert-

• Anti-depressant distributors
• Anti-depressant suppliers
• Anti-depressant manufacturers
• Logistics organizations
• Government bodies

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.