Market Trends of Global Post Traumatic Stress Disorder
This section covers the major market trends shaping the Post Traumatic Stress Disorder Market according to our research experts:
Antidepressants Segment is Expected to Hold a Significant Market Share in the Post Traumatic Stress Disorder Treatment Market
By drug class, antidepressants are expected to hold a significant share in the market. Antidepressants are medications used to treat post-traumatic stress disorder (PTSD). These medications aid in relieving symptoms of depression, anxiety, sleep problems, and concentration. The selective serotonin reuptake inhibitor (SSRI) medications sertraline (Zoloft) and paroxetine (Paxil) are approved by the Food and Drug Administration (FDA) for PTSD treatment.
Alternative medications may sometimes be used off-label to treat post-traumatic stress disorder. However, current guidelines do not recommend these medications to be used initially for post-traumatic stress disorder treatment. These medications can include antidepressants like nefazodone (Serzone), imipramine (Tofranil), and phenelzine (Nardil). However, current guidelines do not recommend these medications to be used initially for post-traumatic stress disorder treatment and include antidepressants such as nefazodone (Serzone), imipramine (Tofranil), and phenelzine (Nardil). Thus, the segment is expected to witness healthy growth over the forecast period.
The industry players are adopting competitive strategies, such as mergers & acquisitions, distribution channel enhancement, new product development, and research & development partnerships, to develop effective antidepressant drugs and hence, sustain themselves in the competition. For instance, in March 2022, Sun Pharma entered into an exclusive patent licensing agreement with Danish drugmaker Lundbeck to market and distribute its own version of antidepressant medication Vortioxetine in India under the brand name Vortidiftm. Vortioxetine is a novel antidepressant with multimodal activity, which is approved to treat Major Depressive Disorder (MDD) in adults.
Also, in June 2021, Sage Therapeutics, Inc. and Biogen Inc. announced that the WATERFALL Study in patients with MDD met its primary endpoint with zuranolone(SAGE-217/BIIB125) 50 mg showing statistically significant improvement in depressive symptoms compared with placebo at Day 15 as assessed by the 17-item Hamilton Rating Scale for Depression (HAMD-17) total score. LS means (SE) change from baseline in HAMD-17 total score at Day 15 for patients who received zuranolone 50 mg was -14.1 (0.51) compared with -12.3 (0.50) for patients who received placebo.Thus, such product developments are predicted to offer a potential growth platform for antidepressants.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
Within North America, the United States has held the major share of the market. The major factors propelling the market growth in the country are the increasing burden of post-traumatic stress disorder, growth in research and development activities as well as presence of strong and established market players.
The high burden of Post-traumatic stress disorder is driving the demand for its treatment in the country. For instance, as per an August 2020 update by the American Psychiatric Association, Post-traumatic stress disorder affects approximately 3.5 percent of United States adults every year, and an estimated one in 11 people will be diagnosed with Post-traumatic stress disorder in their lifetime, and women are twice as likely as men to have Post-traumatic stress disorder.
Moreover, in June 2021, Tarzana Treatment Centre celebrated National Post-traumatic stress disorder Awareness Day in the United States, a point in time when more Americans than ever before are suffering from post-traumatic stress disorder. Thus, such developments indicate the rising awareness regarding Post-traumatic stress disorder that is increasing the demand for its treatment.
Also, the rising number of clinical trials for new drug development for the treatment of post-traumatic stress disorder treatment is expected to drive the regional market growth over the forecast period. For instance, in January 2021, Jazz Pharmaceuticals plc reported the first patient had been enrolled in a Phase 2 clinical trial evaluating the safety and efficacy of JZP150, an investigational first-in-class small molecule for the treatment of adults with post-traumatic stress disorder (PTSD). Thus, due to the above-mentioned factors, the market is expected to witness significant growth over the forecast period.
