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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Generalized Anxiety Disorder Market Outlook
The generalized anxiety disorder market size in the 7 major markets was valued at USD 1717.5 million in 2023, driven by the increasing advancements in psychotherapeutic as well as pharmacological treatment options for patients. The market is expected to grow at a CAGR of 5.4% during the forecast period of 2024-2032, with the values likely to rise from USD 1809.8 million in 2024 to USD 2751.1 million by 2032.
Generalized Anxiety Disorder Market Report Snapshots
Generalized Anxiety Disorder Market Size
Generalized Anxiety Disorder Market Companies
*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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Key Questions Answered in the Report
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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