Many factors contribute to mental health disorders, including: Genetic factors, Trauma or abuse, Family history of mental health problems. Depression is a mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.
On the basis of revenue generated, the global health market is projected to develop at 3.4% CAGR over the forecast period of 2018-2028, and is expected to be valued at US$ 156.3 Billion by the end of 2028. In terms of value, North America ruled global health market in 2017 and is expected to increase at a CAGR of above 3% over the forecast period of 2018-2028.In terms of revenue APEJ is assumed to be the fastest growing market, in the global health market, registering over 4% CAGR over 2018-2028.
Depression affects about 1 in every 5 individual in the U.S. According to WHO (world health organization and center for disease control) at present an estimated about 350 million people worldwide are affected with depression. In the year 2017, drugs for depression were valued at approximately US$ 6,500 Million and are anticipated to register a CAGR of over -2% from 2018 to 2026 to reach value of approximately over US$ 5000 Million by 2026. Geographically, North America being the home company of many of the global depression drugs market is likely responsible for the dominance of market share of the region. Europe held the second leading share of the global depression drugs market in 2017, which can be ascribed to the increase in research and development activities on depression drugs in the region. The depression drugs market in Middle East & Africa is anticipated to grow at a significant rate during the predicted period.
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