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MAJOR DEPRESSIVE DISORDER TREATMENT MARKET ANALYSIS

Global Major Depressive Disorder (MDD) Treatment Market, By Product Type (Drug Type (Antidepressants, Atypical antidepressants, and Antipsychotics), Neuromodulator, and Stem Cell Therapy), and by Geography- Global Industry Insights, Trends, Outlook, And Opportunity Analysis, 2022-2028

  • To Be Published : Nov 2024
  • Code : CMI1217
  • Formats :
      Excel and PDF
  • Industry : Pharmaceutical

Major Depressive Disorder Treatment MarketSize and Trends

Changing lifestyles such as work pressure, alcohol abuse, and others has resulted in increasing prevalence of MDD, which is expected to drive market growth over the forecast period. For instance, according to an article published in National Center for Biotechnology Information 2015, MDD is the most common psychiatric disorder in India and the lifetime prevalence of MDD is 10–25% for women, and 5–12% for men.

Increasing FDA approval for new drugs is expected to drive major depressive disorder (MDD) treatment market growth in the near future

Major depressive disorder treatment market is witnessing a dynamic change, where patents for drugs such as Cymbalta and Abilify has expired recently, and revenue generated from these drugs plummeted with the introduction of generics. Therefore, approval of new drugs such as Levomilnacipran, Brintellix, and Rexulti (brexpiprazole) is a primary driver for this market growth. FDA approved levomilnacipran — a new serotonin-norepinephrine reuptake inhibitor (SNRI) — for major depressive disorder (MDD) in adults in 2013. In the same year, Takeda Pharmaceutical Company Limited and H. Lundbeck A/S announced the FDA approval for Brintellix (vortioxetine) for the treatment of adults with major depressive disorder (MDD). Rexulti (brexpiprazole) tablets received approval from FDA as an add-on treatment to an antidepressant medication to treat adults with major depressive disorder (MDD) in July, 2015. These approvals are expected to provide more option to patients suffering from MDD, and this is expected to support the major depressive disorder treatment market growth.

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