- Press Release
- Mental Disorder Treatment Market to Surpass US$ 75.7 Billion by 2027
Mental Disorder Treatment Market to Surpass US$ 75.7 Billion by 2027 - Coherent Market Insights
Published On : Dec 23, 2020
Global Mental Disorder Treatment Market, by Disorder Type (Depression, Bipolar Disorder, Schizophrenia, Dementia, Post-traumatic Stress Disorder, and Others), by Medication (Anti-depressants, Anti-anxiety, Mood Stabilizing Medication, and Antipsychotic Medications), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) 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), as highlighted in a new report published by Coherent Market Insights.
Major companies focusing on product approvals for the treatment of mental disorders is expected to drive the growth of mental disorder treatment market. For instance, in August 2020, Janssen Pharmaceutical Companies of Johnson & Johnson announced that the U.S. Food and Drug Administration (FDA) approved SPRAVATO (esketamine) CIII nasal spray, as a supplemental new drug application (sNDA). SPRAVATO (esketamine) CIII nasal spray is indicated to treat depressive symptoms in adults with major depressive disorder (MDD) and acute suicidal behavior.
Global Mental Disorder Treatment Market – Impact of Coronavirus (COVID-19)
Browse 33 Market Data Tables and 32 Figures spread through 175 Pages and in-depth TOC on “Global Mental Disorder Treatment Market, by Disorder Type (Depression, Bipolar Disorder, Schizophrenia, Dementia, Post-traumatic Stress Disorder, and Others), by Medication (Anti-depressants, Anti-anxiety, Mood Stabilizing Medication, and Antipsychotic Medications), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
To know the latest trends and insights prevalent in the global mental disorder treatment market, click the link below:
https://www.coherentmarketinsights.com/market-insight/mental-disorder-treatment-market-4326
The global mental disorder treatment market is expected to witness significant growth during the forecast period, owing to increasing prevalence of mental disorders such as Schizophrenia globally. For instance, according to the World Health Organization report published in 2019, stated that around 20 million individuals suffered from Schizophrenia disorder globally, in the year 2019.
Moreover, increasing prevalence of mental disorders such as dementia and developmental disorders, including autism is expected to drive growth of global mental disorder treatment market. For instance, according to the World Health Organization report published in 2019, stated that around 50 million individuals suffered from dementia globally, in the year 2019.
Key Takeaways of the Global mental disorder treatment Market:
Joining thousands of companies around the world committed to making the Excellent Business Solutions.