Depression Treatment Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global depression treatment Market is anticipated to grow at a CAGR of 4.1% during the forecast period. The increasing number of FDA approvals for antidepressants along with the expansion in pipeline products by key market players is certain factors driving the growth of the depression treatment industry.

In February 2021, Zydus Cadila has received US FDA approval for Nortriptyline Hydrochloride Capsules USP. The capsules come up in the strength of 10 mg, 25 mg, 50 mg, and 75 mg. Nortriptyline Hydrochloride Capsules USP is majorly used for the treatment of depression.

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Moreover, in July 2020, VistaGen Therapeutics, a US-based biopharmaceutical company had received US FDA approval for PH94B under Phase 3 development to treat acute anxiety and mental illness in adult patients with a social anxiety disorder (SAD). PH94B is an investigational rapid-onset neurosteroid nasal spray majorly used for the treatment of social anxiety disorder.

Furthermore, in March 2019, Johnson & Johnson's ketamine-derived nasal spray Spravato for treatment-resistant depression has been approved by the FDA. The Spravato CIII Nasal Spray is used for the treatment of depressive disorder in adults with a high risk of major depressive disorder (MDD). Thus, these approvals by the FDA for antidepressant drugs produced by major key players, the depression treatment market is expected to witness significant growth during the forecast period.

Global Depression Treatment Market Report Segment

By Drug Type

• Selective Serotonin Reuptake Inhibitors
• Tricyclic Antidepressants
• Serotonin-Norepinephrine Reuptake Inhibitors
• Monoamine Oxidase Inhibitors
• Others

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Depression Treatment Market- Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Alkermes Plc
• Allergen Plc
• AstraZeneca plc
• Bausch Health Companies, Inc.
• Eli Lilly and Co.
• Hoffmann-La Roche AG
• Garmin Ltd.
• GlaxoSmithKline plc
• Lundbeck A/S
• Johnson & Johnson Services, Inc.
• Lief Therapeutics

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