Post Traumatic Stress Disorder Therapeutics Market Forecast 2023-2032: Size, Key Players And Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global post-traumatic stress disorder (PTSD) therapeutics market is poised for substantial growth, with predictions indicating an increase from $3.15 billion in 2022 to $3.42 billion in 2023, representing a significant compound annual growth rate (CAGR) of 8.72%. This growth trajectory is anticipated to persist, propelling the market to a projected size of $4.82 billion in 2027, maintaining a robust CAGR of 8.96%.
Addressing the Global PTSD Burden
The surge in the burden of PTSD cases worldwide is set to drive the growth of the PTSD therapeutics market. PTSD, stemming from terrifying or dangerous events, affects individuals who struggle to regain control over their lives. Treatments such as psychotherapy and medication play a pivotal role in helping individuals cope with and overcome PTSD. According to the United States Department of Veterans Affairs, nearly 8 million Americans were grappling with PTSD in 2021. This surge in PTSD cases acts as a catalyst, propelling the growth of the PTSD therapeutics market.
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Trend Watch: Strategic Collaborations and Investments
A key trend gaining momentum in the PTSD therapeutics market is the strategic collaboration, funding, and investment landscape. Major market players are actively engaging in collaborations and investing in innovative initiatives to strengthen their market position. For instance, a noteworthy collaboration in January 2022 involved Professor Dan Lubman AM, Dr. Shalini Arunogiri, and Dr. Paul Liknaitzky of Monash University, who secured over $1.9 million to study the effectiveness of MDMA-assisted psychological treatment for alcohol use disorder (AUD) and PTSD. This initiative is part of a series of clinical studies under the Medical Research Future Fund (MRFF), focusing on groundbreaking combination medicines to address debilitating mental disorders.
Industry Leaders Shaping the Market
Major players at the forefront of the PTSD therapeutics market include Novartis AG, Pfizer Inc., Bionomics Ltd., Apotex Inc., GlaxoSmithKline PLC., Otsuka Pharmaceutical Co. Ltd., Eli Lilly and Company, Aurobindo Pharma Limited, Merck KGaA, Sun Pharmaceuticals Pvt Ltd., and more. These industry leaders contribute to the market’s dynamism, driving innovation and setting benchmarks in PTSD therapeutics.
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Regional Dynamics: North America Leading, Asia-Pacific Emerging
In 2022, North America took the lead as the largest region in the PTSD therapeutics market. Looking ahead, Asia-Pacific is expected to emerge as the fastest-growing region during the forecast period. The comprehensive report covers diverse regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East and Africa.
Understanding the Market Landscape: Segmentation Insights
The global post-traumatic stress disorder therapeutics market is segmented –
1) By Drug Class: Antidepressants, Anti-Anxiety, Antihypertensive, Monoamine Oxidase (MAOs), Antipsychotics Or Second Generation Antipsychotics (SGOs), Beta-Blockers, Other Classes
2) By Age Group: Pediatric, Geriatric, Adult
3) By End User: Mental Health Center, Hospitals, Outpatient Clinics, Other End Users
The Post Traumatic Stress Disorder Therapeutics Global Market Report 2023 provides a comprehensive overview on the post traumatic stress disorder therapeutics market size, post traumatic stress disorder therapeutics market trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the post traumatic stress disorder therapeutics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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