Global Mental Disorder Treatment Market to Surpass US$ 75.7 Billion by 2027, Says Coherent Market Insights (CMI)

SEATTLE–(BUSINESS WIRE)–#Anxiety–According to Coherent Market Insights, the global mental disorder treatment market is estimated to be valued at US$ 48.4 billion in 2020 and is expected to exhibit a CAGR of 6.6 % during the forecast period (2020-2027).

Key Trends and Analysis:

Key companies are focusing on product approvals from regulatory bodies to develop treatment for mental disorders is expected to propel growth of the global mental disorder treatment market during the forecast period. For instance, in April 2019, Lupin Limited, received approval from the U.S. Food and Drug Administration (U.S. FDA), for its Fluoxetine tablets United States Pharmacopeia (USP) of strength 60mg for the treatment of depression in adults.

Among regions, North America is expected to hold dominant position in the global mental disorder treatment market during the forecast period, owing to key players focusing on strategic alliance with governments of various low income countries such as Africa to enhance the mental health care. For instance, in 2019, Johnson & Johnson Services Inc. (Johnson & Johnson) announced its strategic partnership with the Government of Rwanda to significantly strengthen and expand access of quality mental disorder treatment in the country.

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Key Market Takeaways:

The global mental disorder treatment market is expected to exhibit a CAGR of 6.6% during the forecast period, owing to rising prevalence of mental disorders globally. For instance, according to the World Health Organization report published in 2019, stated that around 45 million of individuals suffered from bipolar mental disorder globally, in the year 2019.

Competitive Landscape:

Key players operating in the global mental disorder treatment market include Allergan plc. Eli Lilly and Company, VistaGen Therapeutics, Sanofi S.A, Novartis International AG, Mylan N.V., Amneal Pharmaceuticals LLC, Cipla Ltd, Sun Pharmaceutical Industries Ltd., Glenmark Pharmaceuticals Limited, Lupin Limited, Janssen Pharmaceutica, Bristol Myers Squibb, and Sumitomo Dainippon Pharma Co., Ltd.

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Market Segmentation:

• Global Mental Disorder Treatment Market, By Disorder Type:
  • Depression
  • Bipolar Disorder
  • Schizophrenia
  • Dementia
  • Post-traumatic Stress Disorder
  • Others
• Global Mental Disorder Treatment Market, By Medication:
  • Anti-depressants
  • Anti-anxiety
  • Mood Stabilizing Medication
  • Antipsychotic Medications
• Global Mental Disorder Treatment Market, By Distribution Channel :
  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
• Global Mental Disorder Treatment Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • By Country/Region:
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region:
      • South Africa
      • Central Africa
      • North Africa

Related Market Intelligence Report:

Mental Health Software Market, by Deployment mode(On-premise and Subscription (Cloud-based)), by Mode of Access(Desktops/Laptops and Tablets/Smartphones), by Function(Telehealth, Payroll, Revenue Cycle Management (RCM),Ledger, Business Intelligence, Electronic Health Record (EHR) and Clinical Decision Support), by Application(Commercial, Hospitals and Clinics, Others(Psychiatrists, Social Workers, Psychologists, Counsellors, Nurse Practitioners, Group Therapists) and Residential) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

Read more: https://www.coherentmarketinsights.com/market-insight/mental-health-software-market-3605

Depression Therapeutics Market, Drug Type (Antidepressants (Selective Serotonin Reuptake Inhibitors (SSRIs), Selective Norepinephrine Reuptake Inhibitors (SNRIs), Serotonin Modulators, Tricyclic & Tetracyclic Antidepressants and Atypical Antidepressants), Antipsychotics and Others), by Indication (Major Depressive Disorder (MDD), Bipolar Disorder, Dysthymic Disorder, Postpartum Depression, Seasonal Affective Disorder (SAD), Premenstrual Dysphoric Disorder (PMDD), and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) – Size, Share, Trends, and Forecast 2018 – 2026

Read more: https://www.coherentmarketinsights.com/market-insight/depression-therapeutics-market-1307

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

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