Global Anxiety Disorder Market, By Type (Panic Disorder, Agoraphobia, Generalized Anxiety, Social Anxiety, Specific Phobia, Others), Treatment (Medications, Therapy, Others), Patients (Inpatients, Outpatients), Route of Administration (Oral, Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy) – Industry Trends and Forecast to 2029.
Anxiety Disorder Market Analysis and Size
The global anxiety disorder market is expected to witness significant growth during the forecast period. The rising prevalence of personality disorders and stress build-up especially in adults, rising awareness programmes worldwide through campaigns & media and increased female adult population. Anxiety is becoming a major concern and with each passing time, it is becoming a serious issue for almost all set of population. COVID-19 also had a major impact on the market growth.
Data Bridge Market Research analyses a growth rate in the global anxiety disorder market in the forecast period 2022-2029. The expected CAGR of global anxiety disorder market is tend to be around 5% in the mentioned forecast period. The market was valued at USD 11 billion in 2021, and it would grow upto USD 16.25 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
Anxiety disorder is complex mental health condition that often required medical and psychiatric assistance. Occasional experience of anxiety is a normal part of life but, people having frequently anxiety with intense, excessive, persistent worry and fear about everyday situations is called as disorders. It starts with repeated episodes of sudden feelings of intense anxiety and fear or terror that reach a peak within minutes called panic attacks.
Anxiety Disorder Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Panic Disorder, Agoraphobia, Generalized Anxiety, Social Anxiety, Specific Phobia, Others), Treatment (Medications, Therapy, Others), Patients (Inpatients, Outpatients), Route of Administration (Oral, Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy)
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Countries Covered
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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
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Market Players Covered
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Pfizer Inc.(U.S.), Merck KGaA (Germany), Sanofi (France), Biocare Medical, LLC (U.S.), Lilly (U.S.), Teva Pharmaceutical Industries (Israel), Mitsubishi Chemical Group Corporation (U.S.), Bristol-Myers Squibb Company (U.S.), GSK plc. (U.K.), Bayer AG (Germany), AstraZeneca (U.K.), H. Lundbeck A/S (Denmark), Forest Laboratories, Inc (U.S.)
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Market Opportunities
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Global Anxiety Disorder Market Dynamics
Drivers
- Rising Demand for Oral Drugs
Oral drugs is expected to increase the market growth. The segment is expected to accelerate the global market as most products are available in capsule and tablet form and it is a very feasible route of administration.
- Launch of New Therapies For Anxiety
The rising prevalence of anxiety globally has boosted the researchers to develop novel therapies for the better improvement of mental health. For instance, Janssen CarePath’s esketamine which is a nasal spray formulation of ketamine called SPRAVATO, was approved by the US FDA which serves as a treatment for mood-related conditions such as anxiety issues, post-traumatic stress disorder (PTSD), and depression. This boost the market growth
Opportunities
- Increase Prevalence of Mental Illness
The increasing prevalence of anxiety disorder market is surely affecting the growth of the market. As per the reports of WHO in 2017, over 300 million people of all age groups globally are suffering from depression, and in that, around 800,000 people die from suicide, and it was found that anxiety disorders and depression are the major cause. Additionally, as per the Anxiety and Depression Association of America, anxiety disorders are witnessed to be the most common mental illness disease in the U.S., which affects around 18% of the population. This boosts the market growth.
- Increasing Demand for Retail Pharmacies
Rise in the number of anxiety disorder drugs being delivered through retail pharmacies and surge in the number of retail pharmacies in developed countries create opportunities for the market growth. In addition to this, patients prefer retail pharmacies for purchasing drugs, as these are easily accessible.
Restraints/Challenges
- Development of Complications
Many a times, patients aid in the treatment process themselves and these creates complications. Treatment without proper consultation with the doctor is dangerous and results in negative impact on the patients. All these factors restrict the growth of the market.
- Lack of patient awareness
Lack of awareness about anxiety can serve as a restraining factor for the market. Many people are not aware of the fact that they are suffering from anxiety or depression and tend to ignore it and thus as a result, the patients are deprived of the treatment process. This can hamper the market growth.
This global anxiety disorder 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 anxiety disorder 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 Anxiety Disorder Market
The COVID 19 pandemic has affected majority of the population. Most of the people are suffering with anxiety disorders. Huge investments have been made by major market players for the development of anxiety disorder treatment due to the increasing cases of cases. This investment gives rise to growing medication and thus increases the anxiety disorder market size in the global market. COVID-19 has a positive effect on the global anxiety disorder market. The market share for anxiety disorders is also expected to grow furthermore in the coming years.
Global Anxiety Disorder Market Scope
The global anxiety disorder market is segmented on the basis of type, treatment, patients, route of administration, distribution channel and end-user. 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.
Type
- Panic Disorder
- Agoraphobia
- Generalized Anxiety
- Social Anxiety
- Specific Phobia
- Others
Treatment
- Medications
- Therapy
- Others
Patients
- Inpatients
- Outpatients
Route of Administration
- Oral
- Others
End User
- Hospitals
- Homecare
- Specialty Clinics
- Others
Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Global Anxiety Disorder Market Regional Analysis/Insights
The global anxiety disorder market is analysed and market size insights and trends are provided by type, treatment, patients, route of administration, distribution channel and end-user as referenced above.
The major countries covered in the global anxiety disorder 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.
Asia-Pacific has been witnessing a positive growth for global anxiety disorder market throughout the forecasted period due to rapidly improving health care infrastructure in the region.
North America dominates the market due to increased investment by pharmaceutical industries for the advancement in the treatment and favourable reimbursement scenario.
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 Anxiety Disorder Market Share Analysis
The global anxiety disorder 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 anxiety disorder market
Key players operating in the global anxiety disorder market include:
- Pfizer Inc.(U.S.)
- Merck KGaA (Germany),
- Sanofi (France)
- Biocare Medical, LLC (U.S.)
- Lilly (U.S.)
- Teva Pharmaceutical Industries (Israel)
- Mitsubishi Chemical Group Corporation (U.S.)
- Bristol-Myers Squibb Company (U.S.)
- GSK plc. (U.K.)
- Bayer AG (Germany)
- AstraZeneca (U.K.)
- H. Lundbeck A/S (Denmark)
- Forest Laboratories, Inc (U.S.)
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