The Global Anti-suicide Drugs Market was valued at US$ 3,318.3 million in 2015 and is projected to expand at a CAGR of 4.2% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Introduction of novel approved drugs, expected to be commercialized post-2020, intended for treatment of suicidal ideation would be a major breakthrough for the global anti-suicide drugs market.
Until recently, suicidal ideation has been treated with anti-depressants, anti-anxiety, and anti-psychotic drugs. The trend would continue until the expected launch of Cyclurad by NeruoRx Pharma during the latter half of the forecast period (2016–2024). Cyclurad is a combination of D-cycloserine and Lurasidone and indicated for Acute Suicidal Ideation/Behavior (ASIB) in Bipolar Depression. Other drug candidates are also in the pipeline, intended for treatment of suicidal ideation in major depressive disorder (MDD).
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Some of the potential drug candidates used for treatment of suicidal ideation include N-Methyl-D-aspartate receptor (NMDAR) agonists and antagonist. Key players in the market are focused on developing anti-depressants and anti-psychotic drugs for treatment of patients at high risk of suicide. The global anti-suicide drugs market is majorly driven by off-label recommendations and prescriptions of anti-depressants, anti-anxiety, and anti-psychotic drugs.
Suicide is one of the major economic burdens for various countries. According to the World Health Organization (WHO), over 800,000 people commit suicide annually. Most of the suicidal deaths occur in Asia, Africa, and Eastern Europe. Some of the organizations such as Stop Suicide, Yellow Ribbon Suicide Prevention Program, and American Foundation for Suicide Prevention are some of the leading organizations working for preventing suicides. Furthermore, high prevalence of suicidal attempts and death is propelling demand for development of novel drugs for growth of the anti-suicide drugs market.
However, inadequate healthcare infrastructure and high cost of medications and treatment is hindering growth of the market in emerging economies such as India, China, Brazil, and Indonesia. Therefore, key players are introducing novel anti-suicidal drugs to overcome challenges in market, which in turn is projected to fuel growth of the market. Furthermore, high suicidal rates and accessibility to better medical therapies are driving growth of the anti-suicide drugs market in these region.
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