Global Antidepressants Market – Industry Trends and Forecast to 2029

Antidepressants Market Analysis and Size

The global antidepressants market is expected to witness significant growth during the forecast period. Factors such as high prevalence of mental illness and presence of specialty centres are prominent factors that drive the antidepressants market. In addition, launches of drugs annually and improvement in treatment are some of the major factors that drive the market growth. COVID-19 had a major impact on the market growth.

Data Bridge Market Research analyses a growth rate in the global antidepressants market in the forecast period 2022-2029. The expected CAGR of global antidepressants market is tend to be around 7.90% in the mentioned forecast period. The market was valued at USD 16.65 billion in 2021, and it would grow upto USD 30.59 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

Antidepressants are a class of therapeutics that helps treat depression and other mental illness. The antidepressants such as imipramine exert their action by inhibiting serotonin and norepinephrine uptake. It also suppresses the detrusor contraction and enhancing outlet resistance by urethral sphincter contraction.         

Antidepressants Market Scope and Segmentation

Global Antidepressants Market Dynamics

Drivers

• Rising Rates of Depression

Around 17.3 million people were suffering from major depressive episodes in the U.S. during 2017 as per the records of the National Institute of mental health (NIMH). The incidence rate is higher in adults aged 18 to 25 years. Hence, with high stress conditions due to several socioeconomic factors and significant spending ability within this range, the segment is expected to flourish at considerable rate during the forecast period.

• Technological Development

Increased technological development in the pharmaceutical industry to manufacture advanced tricyclic antidepressant drugs is expected to boost remunerative opportunities for expansion of the global antidepressant drugs market during the forecast period 2022-2029. Additionally, presence of key manufacturing companies to develop antidepressant drugs boost growth of the market.

Opportunities

• Advanced Clinical Research

Increasing number of clinical trials leading to increasing novel drug approvals for treating antidepression will fuel the market expansion. Market leaders and government organizations are proactively involved in expanding product availability across the middle as well as low-income groups. For instance, Pacific Neuroscience Institute (PNI) announced the launch of psilocybin clinical trial for depression in January 2022. The aim of this study is to analyze safety and efficacy of psilocybin for treatment of major depressive disorders.

• Increased Drug Launches

Rise in number of approvals for antidepressant drugs drive the market growth. For instance, Food and Drug Administration (FDA) announced the approval of Tauvid in May 2020. It is an antidepressant drug used for treatment of patients with Alzheimer disease.

Restraints/Challenges

• Increased side effects

Several side effects associated with the consumption of antidepressants such as feeling agitated, shaky or anxious, indigestion and stomach aches, diarrhoea or constipation, loss of appetite could curb the growth of the global antidepressants market over a forecast period.

• High Cost

The huge expenditure required for developing the antidepressants surely hamper the market growth.

This global antidepressants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global antidepressants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Global Antidepressants Market

COVID-19 has left an unprecedented global public health crisis that has impacted practically every business. Its long-term repercussions are expected to influence industry growth during the forecast period.

In the post-pandemic era, COVID-19 is expected to positively impact the global antidepressants market, attributing to the increasing number of post traumatic depressive symptoms among individuals.

Global Antidepressants Market Scope

The global antidepressants market is segmented on the basis of drug class, indication, route of administration, end-users, distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Drug Class

• Tricyclic Antidepressants
• Selective Serotonin Reuptake Inhibitors
• Serotonin-Norepinephrine Reuptake Inhibitors
•  Monoamine Oxidase Inhibitors
• Serotonin Antagonist
• Reuptake Inhibitors
• Others

Indication

• Major Depressive Disorder
• Anxiety Disorders
• Attention Deficit Hyperactivity Disorder
• Others

Route of Administration

• Oral
• Injectable
• Others

End-Users

• Hospitals
• Homecare
• Speciality Centres
• Others

Distribution Channel

• Hospital Pharmacy
• Online Pharmacy
• Retail Pharmacy

Antidepressants Market Regional Analysis/Insights

The global antidepressants market is analysed and market size insights and trends are provided by drug class, indication, route of administration, end-users, distribution channel as referenced above.

The major countries covered in the global antidepressants market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is dominating the global antidepressants market due to the high demand for disease-specific treatment, rise in adoption of newer technologies, presence of refined healthcare expenditure, increased patient awareness level, and high prevalence of depressions.

Asia-Pacific is considered to have lucrative growth due to the presence of global marketed players in this region and growing cases of mental illness.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Antidepressants Market Share Analysis

The global antidepressants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global antidepressants market

Key players operating in the global antidepressants market include:

• Mallinckrodt (U.K.)
• Sun Pharmaceutical Industries Ltd. (India)
• Novartis AG (Switzerland)
• Endo Pharmaceuticals plc (Ireland)
• Zydus Cadila (India)
• Mylan N.V. (U.S.)
• Mayne Pharma Group Limited (Australia)
• Teva Pharmaceutical Industries Ltd (Israel)
• Amneal Pharmaceutical Inc (U.S.)
• Avet Pharmaceuticals Inc. (U.S.)
• Aurobindo Pharma (India)
• WOCKHARDT (India)
• Currax Pharmaceuticals LLC (India)

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