Global Generalized Anxiety Disorder Market Report 2024: Size, Drivers, And Top Segments
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What is the Expected Growth Rate of the Generalized Anxiety Disorder Market from 2024 to 2033?
The generalized anxiety disorder market size has grown steadily, forecasted to rise from $7.51 billion in 2023 to $7.76 billion in 2024, reflecting a CAGR of 3.3%. Growth is driven by increased mental health awareness, pharmaceutical advances, cognitive-behavioral therapy (CBT), and stressful lifestyle changes.
The generalized anxiety disorder market is expected to experience steady growth, reaching $8.89 billion by 2028 at a CAGR of 3.5%. Growth is driven by digital mental health solutions, genetic research, integrated care models, and global mental health awareness. Trends include holistic approaches, cultural competence, early intervention, and AI in diagnosis.
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The increase in mental disorder cases is expected to stimulate growth in the generalized anxiety disorder market. Mental disorders like PTSD and OCD often co-occur with generalized anxiety disorder, impacting relationships and quality of life. Forbes reported in April 2023 that 21% of U.S. adults reported mental illness in 2020, while the National Alliance on Mental Illness reported an increase to 22.8% in 2021. Consequently, rising mental disorder cases drive the generalized anxiety disorder market.
1) By Type: Panic Disorder, Agoraphobia, Generalized Anxiety, Social Anxiety, Specific Phobia, Other Types
2) By Therapies: Interpersonal Therapy, Behavior Therapy, Cognitive Behavioral Therapy, Mindfulness Based Cognitive Therapy
3) By Device: Deep Brain Stimulation, Electroconvulsive Therapy, Transcranial Magnetic Stimulation, Vagus Nerve Stimulation
4) By End-User: Hospitals, Homecare, Specialty Clinics, Other End-Users
Companies in the generalized anxiety disorder market are focused on innovative drugs such as MM-120 to improve treatment outcomes. In January 2022, Mind Medicine Inc. received FDA approval for its phase IIb trial of MM-120, a psychedelic drug designed to treat generalized anxiety disorder (GAD). MM-120 works by enhancing serotonin levels in the brain and holds potential for developing new treatments for mental health conditions.
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The Generalized Anxiety Disorder Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the generalized anxiety disorder market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Generalized Anxiety Disorder Market Include
1. Generalized Anxiety Disorder Market Executive Summary
2. Generalized Anxiety Disorder Market Segments
3. Generalized Anxiety Disorder Market Size And Template Market Growth Rate
4. Key Generalized Anxiety Disorder Market Trends
5. Major Generalized Anxiety Disorder Market Drivers
……
25. Key Mergers And Acquisitions In The Generalized Anxiety Disorder Market
26. Top Generalized Anxiety Disorder Companies
27. Generalized Anxiety Disorder Market Opportunities And Strategies
28. Generalized Anxiety Disorder Market, Conclusions And Recommendations
29. Appendix
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