Propagation of Cognitive Behavior Therapy (CBT) Likely to Weaken Depression Drugs Demand During 2018-2026, Reports Fact.MR Study

ROCKVILLE, Maryland, April 18, 2019 /PRNewswire/ -- Presently, the depression drugs market has been struggling to showcase any significant growth. According to Fact.MR study, the concerned market was valued at over US$ 6.5 billion in 2017, and is anticipated to witness falling prices in the near future. This assessment is title "Depression Drugs Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 – 2026", which estimates that revenues across the global depression drugs market are likely to decline at a -2% CAGR.  Although frequency of depression has risen in the last decade, but demand for depression drugs has experienced a prominent decline, since different forms of therapies, particularly cognitive behavior therapy (CBT) has received major traction.

The research study delivers better insight about the overall market scenario active across the depression drugs sector. Readers can receive precise information associated to crucial market factors such as market outlook, market dynamics comprising drivers, restraints, key trends, opportunities and pipeline analysis. Furthermore, in-depth knowledge associated to market value share and market forecast covering prime geographies, drug class, distribution channel and disease type are diligently discoursed in this study.

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Demand for Depression Drugs to Receive Higher Traction from Developed Nations

Focusing at the geographical expanse of the depression drugs market, North America and Europe are marked as the largest regional markets for depression drugs at the global scenario. This leading status is acquired due to the concentration of leading market players as well as surge in R&D associated to these drugs.

On the other hand, the rising problem of mental illness such as schizophrenia and bipolar I disorder in China and India, absence of wide-ranging awareness concerning antidepressant medications (ADMs) is anticipated to adversely affect the growth of depression drugs market across the Asia Pacific region. Furthermore, different therapies of depression are as effectual as ADM, thereby, their effects are seen more lasting, which might cause an interference in forthcoming expansion of depression drugs market, specifically in Asia Pacific and Middle East & Africa.