Treating depression through medication in primary care has made great strides, as depression contributes significantly to the global morbidity of diseases. Over the years, depression has been a precursor to many secondary conditions that require clinical care. Behind the shocking effects of quality of life disruption, drug manufacturers are actively engaged in research and development. Various classes of antidepressants, mainly tricyclic antidepressants and monoamine oxidase inhibitors, have been at the forefront for more than three decades. New non-pharmacological treatments have also been investigated to reduce the severity of symptoms, patient life-threatening risks, and drug side effects.
The prevalence and incidence of major depressive disorder (MDD) will drive drug approvals, thus expanding the revenue potential of the depression medication market. Due to growing support from governments and regulators, the market is expected to reach ~ 24.3 billion by the end of 2028.
Key Findings of the Depression Drug Market Study
- Depression is the main cause of disability Spurs R&D: The huge global burden of depression is a key factor that has driven research and development activities in antidepressants. According to the WHO, it is a major cause of disability – as evidenced by the difficulty in switching roles, the very poor results of role-playing – in the affected populations. In addition, major depressive disorder (MDD) is likely to be the leading cause if left untreated, according to experts, according to a recent report from the NCBI. The rising cost of long-term care is another aspect that has raised awareness of the high morbidity of this disorder.
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A better understanding of neurobiology helps to develop effective drugs: Over the decades, researchers have uncovered the effects of depressant drugs on the neurobiology of serotonin, norepinephrine and dopamine. The relentless focus on improving the effectiveness of antidepressants in MDD etiology has expanded the range of regulatory drugs in major economies around the world. The role of depression medications in combination therapy has broadened the horizons for players in the depression medication market. For example, anticonvulsants have attracted the attention of clinicians to reduce the severity of multiple depressive disorders. Academics and industry players have worked together to develop effective drugs that have significantly lower side effects in the patient population.
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Schizophrenia and bipolar I disorders attract attention: The evaluation of depressive disorders has also brought to the fore the role of bipolar disorder, schizoaffective disorder and schizophrenia. The underlying neurological causes of these have increased significantly for pharmaceutical companies in increasing the effectiveness of their products to meet the unmet needs in the depression medication market. Managing them is crucial to enhancing the results of MDD treatment. The rapidly increasing incidence of schizophrenia and bipolar disorder I is pushing research by drug manufacturers towards them.
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Buying Depression Drugs: Key Driving Factors and Malls
- Increasing awareness of the impact of depressive disorders on quality of life is driving demand for a variety of treatments including antidepressants
- Favorable prospects for regulators boost R&D investment in depression medicine market
- Prescribing Depression Medications Increased Amid Covid-19 Pandemic, Adding Growth to Growth
- Due to the ongoing pandemic humanitarian crises, suicide rates among victims and the risk of substance use disorders have increased, boosting market demand
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Buying Depression Drugs: Key players
- Takeda Pharmaceutical Company Limited
- Eli Lilly and Company
- Johnson & Johnson