The condition of depression comprises a mixture of mental health challenges, which are primarily characterized by the lack of positivity, which leads to increased risk of anxiety, misery, and sadness. Depression can be considered normal if it occurs only for a short period of time. However, it is considered to be serious issue if it continues for prolonged periods, or if it occurs frequently.
In the United States, approximately 10 million people are diagnosed with depression, with substantially higher numbers accounting for female patients in comparison to males. While the incidences of depression have witnessed a steady rise in recent years, the prevalence and penetration of alternative treatments have been a major challenge to depression drug manufacturers.
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Increased Preference for Non-Pharmacological Treatments Drags Drug Use
Across the world, the rise in the number of geriatrics and the increasing incidences of chronic ailments have been key to sustaining the growth of the depression drug producers. However, recent years have been witness to increased levels of health consciousness among patients, which has restricted the use of these drugs primarily considering the extensive side effects of such medication.
Consequently, depression drug manufacturers have pushed for the adoption and implementation of drug production technologies to minimize the risk of side effects, in addition to investing in research to develop new and safer formulations. These factors will have a positive impact on the overall depression drugs industry.
However, people diagnosed with depression are increasingly inclined to opt for alternative non-pharmacological treatments which range from practicing various types of meditation or choosing CBT or Cognitive Behavioral Therapy.
In addition, depression drugs start to lose their effectiveness within a few months or years of use, as the responsiveness of the brain to these materials goes down over time, thereby hampering regular brain function. These medications can lead to side effects such as loss of coordination, blurred vision, dizziness, vivid dreams, fatigue, and insomnia among others. This is expected to limit the growth of the market.
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Demand from North America Continues Sustaining Growth
North America continues to be the largest market for depression drugs, owing to the large number of producers in the country, in addition to high awareness from mental healthcare organizations in the region. Some of the major players operating around the globe for the production of depression drugs include Teva Pharmaceutical Industries, Johnson and Johnson, Bristol Myers Squibb, Takeda Pharmaceutical Company, and Novartis AG among others.
North America is closely followed by Europe in terms of depression drug consumption, which can be attributed to a high level of research and development activities in these countries, which have been undertaken to scrutinize the efficacy of these medications over short term and long term administration.
A large number of patients either do not show any signs of improvement with the use of depression drugs or only display a partial response, in addition to issues such as self-injurious behavior, suicide ideation and more, while many patients also relapse, which cast doubts over the efficacy of drugs.
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