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The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 1717.5 million in 2023 in the 7 major markets. The growth is driven by the rising advancements in psychotherapeutic and pharmacological treatment alternatives.
The market is anticipated to grow at a CAGR of 5.4% during the forecast period of 2024-2032, likely to reach a market value of USD 2751.1 million by 2032.
The market demand is driven by the declining stigma around mental health issues across the 7 major markets. The efforts to offer easy accessibility of mental health services is another essential factor.
The current market trend revolves around using non-sedative drugs to treat GAD in patients. BNC210 is a newly developed drug that reduces anxiety by working on a different chemical system in the brain essential in forming memories and signalling uncertainty.
Based on therapy types, the market is divided into interpersonal therapy, behavior therapy, cognitive behavioral therapy, and mindfulness based cognitive therapy.
Antidepressant, buspirone and benzodiazepines are common therapeutic types available in the market.
Deep brain stimulation, electroconvulsive therapy, transcranial magnetic, and stimulation vagus nerve are the different types of diagnosis.
The major regions of the market include the United States, Japan, and EU-4, which is segmented into Germany, France, Italy, Spain, and the United Kingdom.
Key players involved in the market are Eli Lilly and Company, GlaxoSmithKline Pharmaceuticals Limited, Pfizer, Inc., Abbott Laboratories, Bristol-Myers Squibb, Actavis Pharmaceutical Company, F. Hoffmann-La Roche, Sumitomo Dainippon Pharma, MindMed, VistaGen Therapeutics, Inc, Mitsubishi Chemical Group Corporation, Sanofi, Forest Laboratories, Inc and H. Lundbeck A/S.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
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+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124