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Anti-depressants Drugs and Therapies Market : Analysis and Research Report by Experts 2025
Posted: Feb 01, 2019
Depression is primarily the lack of positive emotion and lack of doing work with enthusiasm along with symptoms associated with cognitive, emotional, physical, and behavioral signs. The rising awareness about the mental state and clinical needs of patients is boosting the adoption of the anti-depressants drugs and therapies which is driving the growth of the market.
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Anti-depressants medications lower the symptoms of depression, dysthymia, chronic depression, and anxiety disorders. The drug aims to repair the chemical imbalance of neurotransmitters present in the brain which controls the changes in mood and behavior of a person.
The substantial rise in the prevalence of depression, and a growing geriatric population which is more susceptible to mental diseases and disabilities. This factor is boosting demand for the development of novel drugs and therapies to reduce symptoms of depression which is likely to propel the growth of the global anti-depressants drugs and therapies market. Currently, it is second-leading diseases which are very common in the teenagers. Thus, numerous key players are increasingly focusing on the exploration of drugs by investing in research and development (R&D) for the development of drugs. This growing investment in the R&D for improvement and development of drugs with minimal side-effects is likely to influence positively on the growth of the global anti-depressants drugs and therapies market.
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However, factors such as poor efficiency, safety norms, and presence and preference for non-pharmacological therapies mainly in the developing regions is restraining the growth of the global anti-depressants drugs and therapies market. Additionally, the patent expiration is another factor hampering growth of the market. Nonetheless, the presence of numerous favorable reimbursement policies mainly in the developed countries is offering lucrative opportunities for growth over the forecast period.
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Geographically, the global anti-depressants drugs and therapies market are segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Of these, North America is dominating the global market for anti-depressants drugs and therapies and expected to remain dominant over the forecast period. This growth is attributable to the rising number of people suffering from depression. Report of the Central for Disease Control and Prevention, the number of patients in the US has risen from 7.7% to 12.7% in 2014. Europe has accounted for the second largest share in the global market owing to a higher awareness of health and illness. However, due to factors such as growing awareness about mental health and higher adoption of drugs to reduce symptoms are leading to drive the growth of the market in the Asia Pacific region.
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