The global depression therapy & treatment market is growing at the CAGR of -0.98%

As per the revised data released by the W.H.O in April, 2016 depression is the leading cause of disability worldwide, and is one of the major contributors of overall reasons of various diseases. Approximately there are more than 350 million people globally, belonging to all age groups who suffer from depression and this number is increasing at a very rapid pace which is recorded as 20% every year. According to WHO the number of women is more as compared to men that suffer from depression. Depression is a condition that leads to mental disorder which is generally long lasting in nature and usually different from the regular mood swings and emotions. Depression in its worst situations may lead to committing suicide.

The global depression therapy & treatment market is expected to reach $9371.58 million by 2022 growing at -0.98% CAGR during 2016-2022 quotes OBRC analyst Rachita.

Depression has become a serious concern globally and has become a major cause of various disorders such as, over eating, sleeping disorders, sleep apnea, and so on. As per the revised data released by the W.H.O in April, 2016 depression is the leading cause of disability worldwide, and is one of the major contributors of overall reasons of various diseases. Approximately there are more than 350 million people globally, belonging to all age groups who suffer from depression and this number is increasing at a very rapid pace which is recorded as 20% every year. According to WHO the number of women is more as compared to men that suffer from depression. Depression is a condition that leads to mental disorder which is generally long lasting in nature and usually different from the regular mood swings and emotions. Depression in its worst situations may lead to committing suicide. Around 800000 people worldwide die by committing suicide every year. Further suicide is the major cause of deaths among the age group of 15-29 of years. Cases of depression are majorly driven by certain medications, disturbing life events, and excessive addiction towards drugs. Some pre-identified symptoms of depression include a general loss of interest, lack of energy, lack of concentration, and feeling of tiredness and the inability to experience pleasure, impairment with various social interactions.

Growing acceptance of depression
According to an estimate almost two- third of the patients who are suffering from depression never go for an appropriate treatment which in majority leads to severe & extreme consequences such as disabilities, suicidal symptoms, sleep apnea, loss of appetite, irritation, missed work and so on. Some common reasons to avoid going for a treatment are - waiting for depression to pass away, misconceptions about the use of antidepressants, reluctance in discussing with the doctor and other social causes.
According to the World Health Organization data major depression carries the burden of disability among mental and behavioral disorders. Serious depression accounts for 3.7% of all U.S. disability-adjusted life years, 8.3% of all U.S. years lived with disability. In 2014, 15.7 million adults whose age is 18 or more than that in the United States had at least one extreme depressive situation in the past year. This number representes 6.7% of all U.S. adults. However, people in growing economies are now more for seeking a proper treatment. Therefore rising awareness levels about antidepressant pills, broadening of societal perception, availability of psychiatrists and are major drivers for this market.

Patent expiry is the major issue
Expiration of Patent is one of the biggest issues a company faces. Once the patent gets expired the company has to face heavy losses in the revenues. Drug makers have to see a decline of almost 90% in revenue as soon as they lose patent protection. With the patent expiration other companies get the rights to produce low cost generics which restraints the company’s growth.


Contact Details

Company Name: Occams Business Research & Consulting Pvt. Ltd.
Issued By: Occams Business Research
Phone: 0731 2575400
Address: indore
City: Indore
State: M.P
Zip: 452001
Country: India
Website: Visit the website

Keywords : Healthcare, Pharmaceuticals,

by Occams Business Research (few years ago!)

Latest Press Releases

The Mad Hatter Now Offer a Full Line of Hearth Products and Full Line of Grills

Diabetes Insulin Delivery Pens Market Research Report 2018

Dr Kapadia Provides Tips to Patients Interested in Hair Transplant Procedures

love vashikaran specialist

Solar Blanket Sales Market Report 2018

Spring Bottled Water Market Insights, Forecast to 2025

Biochemical Incubator Sales Market Report 2018

Quinine Sulphate Sales Market Report 2018

Automotive Chassisc System Market Insights, Forecast to 2025

2,6-Dicarboxypyridine market size in key regions like North America, Europe, Asia Pacific an..

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.