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Treatment-Resistant Depression (TRD) Treatment Market

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2 years ago

Treatment-Resistant Depression (TRD) Treatment Market By Drug Class (Selective Serotonin Reuptake Inhibitors, Monoamine Oxidase Inhibitors, Tricyclic Antidepressant, Esketamine Nasal Spray) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

The treatment-resistant depression treatment market is set to reach from US$ 1,010.6 Mn in 2018 to US$ 1,389.3 Mn exhibiting good growth at a compounded annual growth rate (CAGR) of 3.6% during the forecast period from 2019 to 2027. Depression is the most common mental disorder affecting approximately 300 million people worldwide. The prevalence rate is high in women in comparison to men. In th...

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Treatment-Resistant Depression (TRD) Treatment Market

The treatment-resistant depression (TRD) treatment market is expected to grow immensely in the coming years. The factors driving this growth are the rise in the global population, geriatric population, increase in the prevalence of depression, increase in TRD, new FDA-approved medications, and the rising number of chronic diseases like Alzheimer's, high blood pressure, diabetes, high cholesterol, and others.

 

Current trends show good growth opportunities for key market players in the developed markets of Europe and North America. The key factors that are hampering the growth of the treatment-resistant depression (TRD) treatment market are the high cost of treatment, lack of awareness of treatment, and the adverse drug reactions associated with treatment.

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