Selective Serotonin Reuptake Inhibitors Market Projected to Reach US$ 1,306.40 Million by 2031: Growth Plus Reports Study

Newark, New Castle, USA, May 04, 2023 (GLOBE NEWSWIRE) -- According to Growth Plus Reports research, the selective serotonin reuptake inhibitors market will reach US$ 1,306.40 million by 2031, with a revenue CAGR of 5.3%. The study examines vital tactics, trends, competition, industry dynamics, market size, statistics and projections, and critical investment territories.

Key Takeaways:

• The increasing prevalence of depression and anxiety will drive market revenue growth.
• Increasing awareness of the importance of mental health will drive demand for selective serotonin reuptake inhibitors.
• North America dominates the global selective serotonin reuptake inhibitors market. 

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                  Selective Serotonin Reuptake Inhibitors Market Scope

Market Drivers

The increasing prevalence of depression, anxiety, panic attacks, and chronic pain due to stress and pressure from different aspects of life will drive the revenue growth of the selective serotonin reuptake inhibitors market. Furthermore, increasing awareness about the importance of mental health, increasing R&D, and improving global healthcare infrastructure are expected to boost the market revenue growth rate. 

Market Segmentation
Growth Plus Reports has analyzed the global selective serotonin reuptake inhibitors market from three perspectives: Application, Distribution Channel, and Region. 
  
Application Segmentation: Based on the application, the selective serotonin reuptake inhibitors market is segmented into chronic pain, depression, anxiety, and panic attack, and others. The depression segment dominates the market because of its rising prevalence.

Distribution Channel Segmentation: Based on the distribution channel, the selective serotonin reuptake inhibitors market is segmented into retail pharmacies, hospital pharmacies, and online pharmacies. The hospital pharmacy segment dominates the market because hospital pharmacies dispense prescribed selective serotonin reuptake inhibitors because hospitals are the primary place for medical care and treatment.

Regional Growth Dynamics
Based on the region, the selective serotonin reuptake inhibitors market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. 

North America dominates the global selective serotonin reuptake inhibitors market, with the largest revenue share of the market. The increasing prevalence of mental disorders such as depression due to unemployment, work stress, etc., modern healthcare facilities, and rising healthcare spending are the major factors that are attributed to North America's large revenue share in the global market.  

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Competitive Landscape

Some key players operating in the global selective serotonin reuptake inhibitors market are:

• AbbVie Inc.
• Apotex Inc.
• Aurobindo Pharma Ltd.
• Cipla Inc.
• Eli Lilly and Co.
• GlaxoSmithKline Plc
• H. Lundbeck AS
• Lupin Ltd.
• Pfizer Inc.
• Takeda Pharmaceutical Co., Ltd.

The selective serotonin reuptake inhibitors market is competitive with several global corporations. Market giants invest in technological advancements, focus on research and development, and engage in mergers and acquisitions to strengthen their market position.

Table of Content

1. INTRODUCTION
   1. Market Ecosystem
   2. Timeline Under Consideration
      1. Historical Years – 2021
      2. Base Year – 2022
      3. Forecast Years – 2023 to 2031
   3. Currency Used in the Report
2. RESEARCH METHODOLOGY 
   1. Research Approach
   2. Data Collection Methodology
   3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
   4. Market Estimation Approach
      1. Bottom Up
      2. Top Down 
   5. Market Forecasting Model
   6. Limitations and Assumptions
3. PREMIUM INSIGHTS
   1. Current Market Trends (COVID-19 Perspective)
   2. Key Players & Competitive Positioning (2022) 
   3. Regulatory Landscape
   4. Reimbursement Scenario
4. MARKET DYNAMICS
   1. Drivers
   2. Restraints/Challenges
   3. Opportunities
5. GLOBAL SELECTIVE SEROTONIN REUPTAKE INHIBITORS MARKET - ANALYSIS & FORECAST, BY APPLICATION
   1. Depression
   2. Anxiety and Panic Attack
   3. Chronic Pain
   4. Others
6. GLOBAL SELECTIVE SEROTONIN REUPTAKE INHIBITORS MARKET - ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL
   1. Hospital Pharmacies
   2. Retail Pharmacies
   3. Online Pharmacies

SELECTIVE SEROTONIN REUPTAKE INHIBITORS MARKET TOC

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• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on 'Strategic Developments' registered by leading players of the market

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