Anxiety Disorders and Depression Treatment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Anxiety Disorder Treatment Market Trends, Key Players & Industry Revenue and it is Segmented by Product (Antidepressant Drugs, Therapy and Devices, and Others), Indication (Obsessive - Compulsive Disorder, Major Depressive Disorder, Phobia, and Others), and Geography (North America, Europe, Asia - Pacific, Middle East and Africa, and South America). The market provides the value (in USD million) for the above-mentioned segments.

Anxiety Disorders & Depression Treatment Market Size

Single User License
Team License
Corporate License
Book before:
Anxiety Disorders and Depression Treatment Market Summary
share button
Study Period 2019 - 2029
Market Size (2024) USD 21.51 Billion
Market Size (2029) USD 27.87 Billion
CAGR (2024 - 2029) 5.32 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Anxiety Disorders and Depression Treatment Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Anxiety Disorders & Depression Treatment Market Analysis

The Global Anxiety Disorders and Depression Treatment Market size is estimated at USD 21.51 billion in 2024, and is expected to reach USD 27.87 billion by 2029, growing at a CAGR of 5.32% during the forecast period (2024-2029).

The COVID-19 outbreak significantly impacted the growth due to the increased number of cases of anxiety and depression during the pandemic period. For instance, a WHO report published in March 2022 stated that in the first year of the COVID-19 pandemic, the global prevalence of anxiety and depression increased by 25% in 2021. Additionally, the Springer Journal article published in October 2021 estimated an additional 53.2 million cases of major depressive disorders globally due to the COVID-19 pandemic and an additional 76.2 million cases of anxiety disorders in 2021. Thus, the increased anxiety and depression disorders due to the pandemic had a notable impact on the market's growth over the pandemic period. In addition, the demand is expected to remain intact due to the rising awareness among the global population regarding anxiety and depression, thereby increasing the market growth over the forecast period.

Factors such as the increasing prevalence of anxiety disorders and depression, increasing awareness levels, and product launches by key market players are expected to increase the market share. For instance, in September 2021, an article published by WHO stated that depression is a common illness worldwide, with an estimated 3.8% of the population affected, including 5.0% among adults and 5.7% among adults older than 60. Approximately 280 million people in the world will have depression in 2021. Additionally, the TRV data published in 2022 mentioned that an estimated 264 million people globally experienced an anxiety disorder in 2021. Such an increasing prevalence of anxiety and depression worldwide is expected to contribute to the market's growth.

On the other hand, increasing product approvals is another factor expected to drive the market's growth. For instance, in July 2021, Alembic Pharmaceuticals received final approval from the US FDA for its Abbreviated New Drug Application (ANDA) for Desipramine Hydrochloride tablets USP, 10 mg, 25 mg, 50 mg, 75 mg, 100 mg, and 150 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Norpramin Tablets, 10 mg, 25 mg, 50 mg, 75 mg, 100 mg, and 150 mg, of Validus Pharmaceuticals LLC. Desipramine Hydrochloride Tablets and USP are indicated for the treatment of depression.

However, the patent expiration of branded drugs will hinder the market's growth over the forecast period.

Anxiety Disorders & Depression Treatment Market Trends

This section covers the major market trends shaping the Anxiety Disorders & Depression Treatment Market according to our research experts:

Major Depressive Disorder Segment is Expected to Hold a Significant Market Share Over the Forecast Period

Major depressive disorder (MDD) is the leading cause of the global health-related burden of mental health conditions. During the COVID-19 pandemic, many uncertain factors affecting mental health accumulated, such as virus transmission, blockade and ban, public transport restrictions, closure of schools and enterprises, and reduction of social interaction, which led to an increase in the potential risk of MDD, further increasing the global health-related burden. Factors such as the increasing prevalence of major depressive disorder and rising product launches by various key players are expected to increase market growth in the forecast period. For instance, the article published in Elsevier Journal in October 2021 mentioned that the prevalence of major depressive disorder increased by 26.7% in 2021, and the total prevalence was 3152.9 cases per 100,000 population in 2020. Such prevalence of major depressive disorder among the global population is expected to drive the demand for effective treatment, thereby contributing to the market's growth over the forecast period.

On the other hand, increasing product launches by various key market players are expected to be another factor in the growth of the studied segment. For instance, in December 2021, Dr. Reddy launched venlafaxine ER Tablets in the U.S. market. The product is therapeutically equivalent to Venlafaxine Extended-Release Tablets, 150mg and 225mg, of Osmotica Pharmaceutical U.S. LLC. A selective serotonin and norepinephrine reuptake inhibitor (SNRI), Venlafaxine Extended-Release tablets, are indicated for major depressive disorder (MDD) and social anxiety disorder (SAD). Also, in October 2021, Biogen Inc. and Sage Therapeutics Inc. decided Sought FDA approval for zuranolone to treat MDD. The initial submission package for MDD will include data from ongoing pharmacology and clinical studies and data from the LANDSCAPE and NEST clinical trial program studies, including several studies examining the effectiveness of zuranolone in several thousand patients in various dosing, treatment paradigms, and clinical endpoints.

Thus, the abovementioned factors, such as the increasing prevalence of major depressive disorders and product developments, will likely increase the segment's growth.

Anxiety Disorders and Depression Treatment Market - Prevalence of Depressive Disorder (in Percentage), By Age Group, Global, 2021

North America is Expected to Hold a Significant Share in the Market Over the Forecast Period

The North American region is expected to hold a notable share of the market over the forecast period. Factors such as the increasing prevalence of anxiety and depression disorders among the North American population, the presence of key market players, and a strong clinical pipeline are expected to increase the market's growth.

For instance, the data published by the Anxiety and Depression Association of America in 2022, anxiety disorder affects 6.8 million adults in the United States and affects over 31.9% of adolescents between 13 and 18 years old in 2021. Additionally, the Canadian Mental Health Association data published in July 2021, major depressive disorder affected approximately 5.4% of the Canadian population, and anxiety disorders affected 4.6% of the population in 2021. Thus, the increasing prevalence of anxiety disorders and depression among North American countries is expected to contribute to the growth of the market over the forecast period.

Likewise, the rising product approvals in this region are also expected to drive the growth of the market. for instance, in August 2022, the US FDA approved Axsome Therapeutics products, Auvelity for the treatment of major depressive disorder in adults. It is an orally administered product with a novel mechanism of action.

Thus, the increasing prevalence of anxiety disorder and depression, and increasing product approvals by various key market players are expected to contribute to the growth of the market over the forecast period.

Anxiety Disorders and Depression Treatment Market - Growth Rate by Region

Anxiety Disorders & Depression Treatment Industry Overview

The anxiety disorders and depression treatment market is partially fragmented and consists of several major players. The competitive landscape includes analyzing a few international and local companies that hold market shares and are well known. Pfizer Inc., GlaxoSmithKline, Merck & Co. Inc, Eli Lily & Co, and Johnson & Johnson are currently dominating the market.

Anxiety Disorders & Depression Treatment Market Leaders

  1. Pfizer Inc,

  2. GlaxoSmithKline

  3. Merck & Co. Inc

  4. Eli Lily & Co

  5. Johnson & Johnson

*Disclaimer: Major Players sorted in no particular order

Anxiety Disorders and Depression Treatment Market Concentration
bookmark Need More Details on Market Players and Competitors?
Download PDF

Anxiety Disorders & Depression Treatment Market News

  • In March 2022, HMNC Brain Health reported promising top-line results from the Phase 2 Proof-of-Concept investigator-initiated trial of its oral prolonged-release formulation of ketamine (KET01) in Treatment-Resistant Depression (TRD).
  • In February 2022, AbbVie submitted a supplemental New Drug Application (sNDA) for cariprazine (VRAYLAR) to the US Food and Drug Administration (FDA) for the adjunctive treatment of the major depressive disorder (MDD) in patients who are receiving ongoing antidepressant therapy.

Anxiety Disorders & Depression Treatment Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Depression

      2. 4.2.2 Emerging Novel Biologics

    3. 4.3 Market Restraints

      1. 4.3.1 Patent Expiration of Branded Drugs

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Product

      1. 5.1.1 Antidepressant Drugs

      2. 5.1.2 Therapy and Devices

      3. 5.1.3 Others

    2. 5.2 By Indication

      1. 5.2.1 Obsessive-Compulsive Disorder

      2. 5.2.2 Major Depressive Disorder

      3. 5.2.3 Phobia

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbvie

      2. 6.1.2 Bristol-Myers Squibb Company

      3. 6.1.3 Eli Lily & Co

      4. 6.1.4 GlaxoSmithKline

      5. 6.1.5 H. Lundbeck A/S

      6. 6.1.6 Johnson & Johnson

      7. 6.1.7 Merck & Co. Inc

      8. 6.1.8 Pfizer Inc,

      9. 6.1.9 Sanofi-Aventis

      10. 6.1.10 Axsome Therapeutics

      11. 6.1.11 Forest Laboratories

      12. 6.1.12 AstraZeneca

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Anxiety Disorders & Depression Treatment Industry Segmentation

As per the scope, depression and some anxiety disorders can be treated with antidepressant drugs and therapy. The market includes both devices and therapy in the scope. The Anxiety Disorders and Depression Treatment Market is Segmented by Product (Antidepressant Drugs, Therapy and Devices, and Others), Indication (Obsessive-Compulsive Disorder, Major Depressive Disorder, Phobia, and Others), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (in USD million) for the above segments.

By Product
Antidepressant Drugs
Therapy and Devices
Others
By Indication
Obsessive-Compulsive Disorder
Major Depressive Disorder
Phobia
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
customize-icon Need A Different Region Or Segment?
Customize Now

Anxiety Disorders & Depression Treatment Market Research FAQs

The Global Anxiety Disorders and Depression Treatment Market size is expected to reach USD 21.51 billion in 2024 and grow at a CAGR of 5.32% to reach USD 27.87 billion by 2029.

In 2024, the Global Anxiety Disorders and Depression Treatment Market size is expected to reach USD 21.51 billion.

Pfizer Inc,, GlaxoSmithKline, Merck & Co. Inc, Eli Lily & Co and Johnson & Johnson are the major companies operating in the Global Anxiety Disorders and Depression Treatment Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Global Anxiety Disorders and Depression Treatment Market.

In 2023, the Global Anxiety Disorders and Depression Treatment Market size was estimated at USD 20.42 billion. The report covers the Global Anxiety Disorders and Depression Treatment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Anxiety Disorders and Depression Treatment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Anxiety Disorders and Depression Treatment Industry Report

Statistics for the 2024 Anxiety Disorders and Depression Treatment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Anxiety Disorders and Depression Treatment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Anxiety Disorders and Depression Treatment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)