Global mental disorder treatment market to exceed $ 75.7 billion by 2027, according to Coherent Market Insights (CMI)

SEATTLE – (COMMERCIAL THREAD) – According to Coherent Market Insights, the global mental disorder treatment market is estimated at 48.4 billion US dollars in 2020 and is expected to post a CAGR of 6.6% during the forecast period (2020-2027).

Key trends and analysis:

Key Companies Focus on Regulatory Body Product Approvals to Develop Treatment for Mental Disorders is Expected to Drive Global Market Growth mental disorder treatment market during the forecast period. For example, in April 2019, Lupine Limited received approval from the United States Food and Drug Administration (FDA) for its Fluoxetine United States Pharmacopeia (USP) tablets in a strength of 60 mg for the treatment of depression in adults.

Among the regions, North America is expected to hold a dominant position in the global mental disorder treatment market during the forecast period, with key players focusing on strategic alliance with governments of various low income such as Africa to improve mental health care. For example, in 2019, Johnson & Johnson Services Inc. (Johnson & Johnson) announced its strategic partnership with the government of Rwanda to strengthen and significantly expand access to quality treatment for mental disorders in the country.

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Key points of the market:

The global mental disorder treatment market is expected to show a 6.6% CAGR during the forecast period, due to the increasing prevalence of mental disorders around the world. For example, according to the World Health Organization report published in 2019, indicated that approximately 45 million people suffered from bipolar mental disorder worldwide in 2019.

Competitive landscape:

Major players operating in the global mental disorder treatment market include Allergan plc. Eli Lilly and Company, VistaGen Therapeutics, Sanofi SA, Novartis International AG, Mylan NV, Amneal Pharmaceuticals LLC, Cipla Ltd, Sun Pharmaceutical Industries Ltd., Glenmark Pharmaceuticals Limited, Lupine Limited, Janssen Pharmaceutica, Bristol Myers Squibb and Sumitomo Dainippon Pharma Co. , Ltd.

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Market segmentation :

  • Global Mental Disorder Treatment Market, By Disorder Type:
    • Depression

    • Bipolar disorder

    • Schizophrenia

    • Dementia

    • Post-traumatic stress disorder

    • Others

  • Global Mental Disorder Treatment Market, By Drug:
    • Anti-depressants

    • Anti stress

    • Mood stabilizing drug

    • Antipsychotic drugs

  • Global Mental Disorder Treatment Market, By Distribution Channel:
    • Hospital pharmacies

    • Retail pharmacies

    • Online pharmacies

  • Global Mental Disorder Treatment Market, By Region:
    • North America

    • Latin America

      • By country:

        • Brazil

        • Mexico

        • Argentina

        • Rest of Latin America

    • Europe

      • By country:

        • Germany

        • UK

        • France

        • Italy

        • Spain

        • Russia

        • The rest of europe

    • Asia Pacific

      • By country:

        • China

        • India

        • Japan

        • Australia

        • South Korea

        • ASEAN

        • Rest of Asia-Pacific

    • Middle East

      • By country / region:

        • CCG

        • Israel

        • Rest of the Middle East

    • Africa

      • By country / region:

        • South Africa

        • central Africa

        • North Africa

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