Antidepressant Drugs Market - Forecast(2024 - 2030)

Antidepressant Drugs Market Overview

The Antidepressant Drugs Market size is estimated to reach $21.7 billion by 2027. Furthermore, it is poised to grow at a CAGR of 7.1% over the forecast period of 2022-2027. There are a variety of antidepressants available in the market such as the salts of tricyclic antidepressants. The following class of drugs includes Amitriptyline, Amoxapine, and various others. Additionally, monoamine oxidase inhibitors are also known to work as an efficacious anti-depressant. Further, serotonin antagonists, the inhibitors which stop the infusion of the 5HT2a receptor with the transporter protein, which in turn helps people to be free from mental confusion, agitation, restlessness, and excitement. Further, the researchers have made discoveries that have made selective serotonin reuptake inhibitors to tackle and treat depression, anxiety, and various other psychiatric conditions. Lastly, gamma-aminobutyric acid infusion within medicines has made them a popular anti-anxiety and depressant drug. The following acid is developed within the brain and is also found in some food items. Moreover, in the brain, the following chemicals exhibit anti-seizure and anti-anxiety effects. Additionally, the following acid has been actively used as a dietary supplement. The rising cases of depression surrounded by the increasing awareness about treating the said condition along with the emergence of novel biologics have been identified as the drivers for the Antidepressant Drugs Industry in the projected period of 2022-2027.

Report Coverage

The report: “Antidepressant Drugs Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Antidepressant Drugs Market.

By Product- Selective Serotonin Reuptake Inhibitors, Serotonin Norepinephrine Reuptake Inhibitors, Tricyclic Antidepressant, Monoamine Oxidase Inhibitor, and Others.
By Depressive Disorder- Major Depressive Disorder, Obsessive-Compulsive Disorder, Generalized Anxiety Disorder, Panic Disorder, and Others.
By Distribution Channel- Offline and Online.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

• Geographically, North America’s Antidepressant Drugs Market held a dominant market share in the year 2021. It is owing to the high prevalence of various depressive disorders and the availability of major therapists treating the said condition. Additionally, the openness within the society to treat depression like any other disease has allowed the market to substantiate. However, Asia-Pacific is set to offer lucrative growth opportunities to the marketers owing to the rising number of depression patients coming because of growing urbanization and the geriatric age.
• The rising urbanization and the correlation of younger adults being depressive owing to job pressures have been key drivers for the market. However, societal pressures for seeing a therapist and relying on antidepressants would hamper the market growth.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Antidepressant Drugs Market Report.

Antidepressant Drugs Market- Geography (%) for 2021.

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Antidepressant Drugs Market Segmentation Analysis- By Depressive Disorder

The Antidepressant Drugs Market based on depressive disorder can be further segmented into Major Depressive Disorder, Obsessive-Compulsive Disorder, Generalized Anxiety Disorder, Panic Disorder, and Others. Major depressive disorder held a dominant market share in the year 2021. It is owing to the high prevalence of the said disorder across the age groups in the countries like the US. As per the National Institute of Mental Health, around 20 million adults in the US have had at least one major depressive episode, which roughly accounts for 8% of the total population.

Moreover, the depressive disorder segment is estimated to be the fastest-growing, with a CAGR of 7.9% over the forecast period of 2022-2027. It is owing to the various researchers finding that such disorder is highly prevalent in young adults between 18 and 25. Additionally, the trends such as growing urbanization, high-pressure jobs, and high standard of living will further act as a stimulus for the market. Out of the said data, around 65% had received medication and therapy which shows the intrusion within the market of treatment and usage of antidepressant drugs.

Antidepressant Drugs Market Segmentation Analysis- By Distribution Channel

The Antidepressant Drugs Market based on distribution channels can be further segmented into offline channels and online channels. Offline channels held a dominant market share in the year 2021. It is owing to the ease with which people can purchase the said drugs. Additionally, a lot of benefits can be claimed by using various governmental incentives for reimbursement purposes. Moreover, a majority of afflicted depression patients have to take their medication from their treating doctors, which further pushes the offline segment. However, the market faces immense challenges as per the US department of health and human sciences, the demand for psychiatrists is falling short by around 2800, as the currently registered psychiatrists are close to 46,000 in the US.

However, the online segment is estimated to be the fastest-growing, with a CAGR of 8.1% over the forecast period of 2022-2027. It is owing to the growth of the health-tech start-up environment which has made it easier to order medicine at the ease of home. Moreover, the facilities such as the “automatic order” and “check for dosage” feature will further allow the market to grow at a steadfast pace.

Antidepressant Drugs Market Segmentation Analysis- By Geography

The Antidepressant Drugs Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Geographically, North America’s antidepressant market held a dominant market share of 34% as compared to the other regions. It is owing to set awareness regarding mental health and the avenue publicized by the government and private bodies to counter depression. For example, the federal government provides “Mental Health Block Grants” which support the states within the US to build better health communities. Further, the Biden Administration provided a grant of $2.5 billion to states and territories to address the nation’s mental illness worries owing to the pandemic.

However, Asia-Pacific is set to offer lucrative growth opportunities to the marketers owing to key developments and positions taken by various governments to tackle mental health issues. Further, the countries like India suffer immensely from mental disorders and troubles. As per WHO, around 90 million Indians suffer from such disorders. Thereby, growing medical attention and urbanization with focussed policy developments will help the market to grow.

Antidepressant Drugs Market Drivers

The biological makeup of adults makes them prone to depression which has supported the growth of the antidepressant market

Older adults are an at increased risk of developing depression. It is owing to multiple reasons. To start with, the biological factors such as low endocrine secretion and inflammatory or immune-related factors. Secondly, the probability of an adult suffering from depression is on the higher end owing to multiple diseases. Around 80% of people aged above 65 have at least one chronic disease while around 50% of the older adults have more than one chronic illness. As per CDC, one in every seven people in the US is above the age of 65. Moreover, the numbers of geriatric population are increasing globally. As per OECD, eleven countries by 2050 within Asia-Pacific will be declared as an aging society, which currently is around one.

Growing urbanization trends have made depression a common element thereby has assisted the antidepressant market

Various researchers have culminated in the thought that there exists a direct correlation between depression and urbanization. Urban areas have seen an increased incidence of depression owing to the various societal pressures which include money, fame and status, and lastly camaraderie within the office space. As per United Nations Population Division, by 2030, there would be a great influx within the urban region. Moreover, by 2050, there would be 67% of the population who would prefer living in urban states to rural states. The following will have a ripple effect on the population, as and when the people would move out of their homes to live in an urban region, the family members living in the rural region would feel space out, and thereby creating depression. Unemployment rates have been decreasing post-pandemic and will further propel the antidepressant market.

Antidepressant Drugs Market Challenges

Societal pressures for seeing a therapist and relying on antidepressants have hampered the market growth

When one googles the phrase -> “Should I see a psychiatrist?” The algorithm presents unnatural suggestions to the readers. For example, “what kind of people see a psychiatrist,” “why are people scared of psychiatrists?”, “Does seeing a therapist/psychiatrist make you crazy?” The following shows the societal pressures and irregularities within the thought process to see a psychiatrist hampers the market growth. Moreover, apart from the digital pressures, families of individuals have social insecurity with the thought of their dependant needing a psychiatrist. Further, there have been extreme cases in people dependant on antidepressants, which have further spoiled their health and well-being.

Antidepressant Drugs Market Competitive Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Antidepressant Drugs Market. The top 10 Antidepressant Drugs Market companies include:

1. Allergan PLC,
2. AstraZeneca,
3. Eli Lilly and Company,
4. GlaxoSmithKline PLC,
5. H. Lundbeck AS,
6. Johnson & Johnson,
7. Pfizer Inc. 
8. Sun Pharmaceuticals
9. Dr Reddy Laboratories
10. Cipla

Recent Developments

• In August 2020, Spravato was approved for MDD (Major Depression Disorder) for people suffering from suicidal ideation and behavior. The said spray is to be intranasally under the supervision of a healthcare provider. 41% and 43% of patients treated with ketamine nasal spray plus standard of care achieved clinical remission of depression (minimal or no symptoms) in ASPIRE I and II, respectively, compared with 34% and 27% for placebo plus standard of care by the end of the double-blind period, respectively.
• In March 2020, Axsome Therapeutics revealed that they have noticed better results for their earlier medicine- STRIDE 1. The following medication helps in treating resistant depression. Moreover, the drug is an NMDA receptor antagonist. It meets key secondary endpoints in the trial and has paved that statistically improved the cases when compared against the Montgomery- Asberg Depression Rating Scale.
• In March 2020, Luye Pharma’s New Chemical and Therapeutic Entities Research and Development platform has proposed for their application acceptance to FDA. Moreover, the NDA for LY03005-a serotonin-norepinephrine-dopamine triple reuptake inhibitor (SNDRI was approved. Furthermore, antidepressants belonging to the salt of SNDRI have proved to show results in compressing sexual functions.

Relevant Titles

Depression Drugs Market- Forecast (2022-2027)

Report Code- HCR 0242

Generic Drugs Market- Forecast (2022-2027)

Report Code- HCR 0217 

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