World News: 18:27 GMT Wednesday 15th May 2019. [Reports And Data via Globe Newswire via SPi World News]
NEW YORK, May 15, 2019 (GLOBE NEWSWIRE) -- The Global Anxiety Disorder and Depression Treatment Market is forecast to reach USD18.90 Billion by 2026, according to a new report by Reports and Data. There has been a continued rise in the rate of depression and anxiety in the global healthcare scenario. Such a rise in the incidence rate of depression and anxiety has resulted in focusing on the global healthcare scenario and reducing the incidence rate of such a mental healthcare condition. In the year 2018, more than 300 million individuals of all ages were suffering from depression in the global scenario. There have been 800,000 incidents of suicides in the same year, the reasons behind which have been primarily depression and anxiety disorders. Such a rise in the incidence rate of depression and anxiety is one of the major factors driving the global Anxiety Disorder and Depression Treatment Market.
Globally, incidences of depression and mental health are continuously increasing in the elderly population. This population is prone to mental health issues like dementia, phobia and anxiety disorders. Hence, the increase in the graying population is also contributing to the rising demand for antidepressants and therapies to treat the mental health condition during the forecast period.
In the year 2018, the global Anxiety Disorder and Depression Treatment Market was dominated by North America. This region can be forecasted to continue this domination throughout the forecast period. The reason North America dominates the market is mainly because of the rising incidence rate of anxiety disorders and depression in a particular region. Other mentionable reasons for North America to dominate the market are supportive government policies and a higher rate of awareness, which also contribute to the growth of the market in this region. The Asia Pacific region also shows a significant presence in the global Anxiety Disorder and Depression Treatment Market and is forecasted to follow North America in terms of the market share. High prevalence of psychiatric disorders in the APAC region is one of the significant reasons for market growth in this region.
For the purpose of this report, Reports and Data have segmented the global Anxiety Disorder and Depression Treatment Market based on Drug class, Therapies, Devices, Application, End-users, and Region:
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Globe Newswire: 18:27 GMT Wednesday 15th May 2019
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