Dublin, April 21, 2020 (GLOBE NEWSWIRE) -- The "Antidepressants Global Market Report 2020-30: Covid 19 Implications and Growth" report has been added to ResearchAndMarkets.com's offering.

The global antidepressants market is expected to grow from $14.3 billion in 2019 to about $28.6 billion in 2020 as mental health issues are expected to surge due to the effects of the Covid-19 pandemic making an impact on the global economy. The market is expected to stabilize and reach $19 billion at a CAGR of 7.4% through 2023.

The antidepressants market has also surged during the covid-19 outbreak. The increasing number of cases and fatalities is affecting the mental health by elevating anxiety worldwide. People who are already living with mental health problems are experiencing increased stress levels over the Covid-19 outbreak. This has triggered the demand for antidepressant drugs.

This report from the publisher covers this critical market and the impact on it from the Covid 19 virus. It provides strategists, marketers and senior management with the critical information they need to assess the increasing demand for antidepressants which play a critical role in the treatment of patients with Covid 19

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Where is the largest and fastest growing market for the antidepressants? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Antidepressants market global report from the publisher answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider antidepressants market, and compares it with other markets

• The market characteristics section of the report defines and explains the market
• The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the Covid 19 virus and forecasting its growth
• Market segmentations break down market into sub markets
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of Covid 19 for all regions, key developed countries and major emerging markets
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers
• The antidepressants market section of the report gives context. It compares the antidepressants market with other segments of the antidepressants market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, antidepressants indicators comparison

Major players in the antidepressants market are Allergan PLC, AstraZeneca, Eli Lilly and Company, GlaxoSmithKline PLC, H. Lundbeck AS, Johnson & Johnson, Pfizer Inc., Merck & Co. Inc., Sanofi, and Sun Pharmaceuticals Pvt Ltd.

The antidepressants market consists of sales of antidepressants and related services that are used in retail pharmacies, hospitals and clinics. Antidepressants are drugs that can help to alleviate depressive symptoms, social anxiety disorder, anxiety disorders, seasonal affective disorder, and dysthymia, or moderate persistent depressive, as well as other conditions. The antidepressant medications available include the antagonists of SSRIs or selective serotonin reuptake, MAOIs or monoamine oxidase inhibitors, tricyclic antidepressants, tetracyclic antidepressants and others.

The antidepressants market covered in this report is segmented by product into selective serotonin reuptake inhibitor (SSRI); serotonin-norepinephrine reuptake inhibitor (SNRI); tricyclic antidepressant (TCA); monoamine oxidase inhibitor (MAOI); other products. It is also segmented by drug class into monoamine oxidase inhibitors; serotonin antagonist and reuptake inhibitors; serotonin-norepinephrine reuptake inhibitors; selective serotonin reuptake inhibitors; tricyclic antidepressants; others and by depressive disorder into major depressive disorder; obsessive-compulsive disorder; generalized anxiety disorder; panic disorder; others.

In May 2018, Allergan, an Ireland based company, focused on developing, manufacturing and commercializing branded pharmaceutical, device, biologic, surgical and regenerative medicine products for patients around the world acquired Aptinyx for an unclosed amount. Through this acquisition Allergan gained important insights into NMDA receptor modulation as a potential therapeutic approach for depression. Aptinyx, a clinical-stage biopharmaceutical company focused on the discovery and development of transformative therapies for challenging neurologic disorders.

The side-effects and patent expiry of antidepressant drugs is a key factor hampering the growth of the antidepressant market. The antidepressants are Lexapro (escitalopram) and Celexa (citalopram), both of which are used to treat depression, Lexapro also helps for anxiety. Lexapro and Celexa can cause side effects common to others which includes nausea, sleeplessness, sweating, dry mouth and drowsiness. Celexa and Lexapro are both at risk for even more serious side effects including excessive bleeding, seizures and vision issues. In 2018 the labels of the medications contained a black box warning for an increased suicide risk. Therefore, the side-effects and patent expiry of antidepressant drugs is expected to limit the growth of the antidepressant market.

The treatment for resistant depression is a key trend in the antidepressant market. Ketamine is the new treatment that is used for anesthesia during surgery, stimulates the development of glutamate, and prompts the brain to form new neural connections. It makes the brain more adaptable and capable of developing new pathways and helps people to create more optimistic thoughts and behaviours. In 2018, Food and Drug Administration (FDA) approved ketamine, an anesthetic that has made waves for its surprising antidepressant effect. Since treatment with esketamine may be of great benefit to patients with treatment-resistant depression (meaning conventional therapies have not benefited them), the FDA has speeded up the approval process to make it available more rapidly.

Globally, rising cases of mental health disorders are the key factor in the growth of the antidepressant drug industry, as many customers rely on these medications to counter depression, anxiety disorder etc. Antidepressant medications are used in conditions such as depression, OCD, childhood enuresis, major depressive disorder, severe anxiety disorder, bipolar disorder, post-traumatic stress disorder (PTSD), social anxiety disorder, etc. Globally, the percentage of people with depression varies from 2% to 6% and the elderly are at greater risk of depression relative to other age groups. According to WHO, in 2020, about 264 million people of all ages worldwide suffer from depression. Therefore, rising cases of mental health disorders is expected to drive the growth of the antidepressant market.

Key Topics Covered:

1. Executive Summary

2. Antidepressants Market Characteristics

3. Antidepressants Market Size And Growth
3.1. Global Antidepressants Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Antidepressants Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market

4. Antidepressants Market Segmentation
4.1. Global Antidepressants Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Antidepressants Market, Segmentation By Drug Class, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.3. Global Antidepressants Market, Segmentation By Depressive Disorder, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $

5. Antidepressants Market Regional And Country Analysis
5.1. Global Antidepressants Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Antidepressants Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Asia-Pacific Antidepressants Market

7. China Antidepressants Market

8. India Antidepressants Market

9. Japan Antidepressants Market

10. Australia Antidepressants Market

11. Indonesia Antidepressants Market

12. South Korea Antidepressants Market

13. Western Europe Antidepressants Market

14. UK Antidepressants Market

15. Germany Antidepressants Market

16. France Antidepressants Market

17. Eastern Europe Antidepressants Market

18. Russia Antidepressants Market

19. North America Antidepressants Market

20. USA Antidepressants Market

21. South America Antidepressants Market

22. Brazil Antidepressants Market

23. Middle East Antidepressants Market

24. Africa Antidepressants Market

25. Antidepressants Market Competitive Landscape And Company Profiles
25.1. Antidepressants Market Competitive Landscape
25.2. Antidepressants Market Company Profiles
25.2.1. Allergan PLC
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. AstraZeneca
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Eli Lilly and Company
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. GlaxoSmithKline PLC
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. H. Lundbeck AS
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Antidepressants Market

27. Antidepressants Market Trends And Strategies

28. Antidepressants Market Future Outlook and Potential Analysis

29. Appendix

Companies Mentioned

• Smiths Medical Inc.
• Koninklijke Philips N.V.
• Vyaire Medical
• Schiller AG
• General Electric Company
• Masimo Corporation
• Medtronic PLC
• Opto Circuits Limited
• Fukuda Sangyo Co. Ltd
• Hill-Rom Holdings, Inc.
• MGC Diagnostics Corporation
• Messe Dsseldorf GmbH
• Omron Healthcare Inc.
• Nonin Medical, Inc
• Edwards Lifesciences Corporation
• Drgerwerk AG & Co. KGaA
• Spacelabs Healthcare Inc.
• Halma PLC
• SDI Diagnostics Inc
• nSpire Health, Inc
• SIBELMED
• Labtech Ltd.
• Carefusion Corporation
• NDD Medical Technologies, Inc.
• Vitalograph
• COSMED srl
• Philips Benelux
• Contec Medical System Co. Ltd
• B Smiths Group plc.
  

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