Post-Traumatic Stress Disorder Market Overview
Post-traumatic stress disorder or PTSD is a type of psychological condition, which has an impact on people regardless of their age or gender. Some of the key symptoms of PTSD arise almost immediately post the traumatic experience while others occur over a certain course of time. Some of the symptoms include mood swings, avoiding stressful situations, and more. The prevalence of the condition is statistically more among women. The higher rate of domestic and sexual abuse among the female population worldwide leads to the occurrence of the mental disorder.
Based on the ongoing trends and demand for the market products and services, the key industry leaders and market experts predict that the global post-traumatic stress disorder (PTSD) market is likely to grow at a CAGR of 4.8% during the ongoing forecast period of 2021-2028. The market is expected to reach a final revenue figure worth USD 1,380 million by the end of the forecast period in 2028.
Majority of the leading firms are adopting growth strategies to up their relevance in the global market, some of which include partnerships, acquisitions, collaborations, mergers, joint venture, launch of new product ranges, product innovation, technical innovations in the manufacturing process, and others. This helps the companies bolster their customer base, especially in emerging markets.Speaking of emerging markets, Latin America and the Middle East and Africa show a lot of promise, considering the rising healthcare spending, rising adoption rate, and the uptake of cutting-edge manufacturing technologies. The mounting number of government initiatives, and the soaring number of well-equipped treatment facilities further encourage business growth in these regions.he use of cannabidiol (CBD) for the treatment of Post-Traumatic Stress Disorder (PTSD) can trigger further problems. The globalPost-Traumatic Stress Disorder Market Trends for PTSD may find the growth with few bumps as medicines needed for the treatment is often unavailable in regions.
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Major Companies
Mylan NV (US), Bionomics (Australia), GlaxoSmithKline (UK), Azevan Pharmaceuticals (US), Eli Lilly and Company (US), Tonix Pharmaceuticals Holding Corp. (US), Pfizer (US), Greenstone LLC (US), H. Lundbeck A/S (Denmark), Marinus Pharmaceuticals, Inc. (US) are the biggest post traumatic stress disorder treatment drugs and products manufacturers highlighted in the research study.
Latest Updates
November 2021
COMPASS Pathways plc, a renowned mental healthcare firm focused on improving accelerating patient access to effective and evidence-based advances in mental health, is ready to start the stage II clinical study to review the safety of COMP360 psilocybin for treating post-traumatic stress disorder/PTSD. The trial will help boost the company’s presence in the psilocybin therapy space with COMP360, the proprietary synthetic psilocybin formulation.
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Post-Traumatic Stress Disorder Market Segmentation
The post-traumatic stress disorder industry has been considered for treatment, as well as end-user.
The treatment-based segments highlighted in the review report are anti-anxiety medications, prazosin, medications, psychotherapy, and others.
Major end-users listed are ambulatory surgical centers, clinics, hospitals, home care, senior citizen centers, and more.
Post-Traumatic Stress Disorder Market Regional Analysis
North America has bagged the leading spot in the worldwide market for post-traumatic stress disorder treatment, given the drastic increase in the number of mental disorders arising from sexual molestation, childhood physical abuse, physical attack, combat exposure, rape, and childhood neglect.
Europe’s growing prominence in the global market is notable, with the region capturing the second place. The market size in the region has been blossoming on the back of the surge in human right issues such as sexual violence leaving long as well as a short-term impact on the mental health. The significant focus on research and development activities among major companies in the region further bolsters the market value.
As the fastest-progressing market, Asia Pacific benefits from the fast-emerging countries with booming population. China and India stand at the vanguard of the APAC market, thanks to the alarming rise in road accidents coupled with the surge in various traumatic events and more
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