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.
Post-Traumatic Stress Disorder Market Overview
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.
Market partnerships and collaborations are on that are creating an excellent platform for the new entrants in the global market during the region. The prevalence of post-trauma stress disorder at a higher rate will help the post-traumatic stress disorder market grow at a good rate during the period.
COVID 19 Analysis of Post-Traumatic Stress Disorder Market
Due to the occurrence of the COVID 19 pandemic, various markets, and their players have witnessed a declined demand, and further, the supply chain mechanism that was running smoothly before has been disrupted, as well. The imposed restrictions and lockdown have resulted in the skilled labor to leave their jobs and opt for alternate means and further, the lack of resources and supportive amenities to keep up with the production trends is also hampering the post-traumatic stress disorder market from growing during the period.
Hence, as the restrictions are being lifted, the market players are running high on investment and helping in the development of the research and development departments. Also, the governments are playing a key role in helping the market revive its growth and demand. They are formulating regulations and schemes that will help the players grow at an ideal rate during the forecast period.
Post-Traumatic Stress Disorder Market Dynamics
There has been a massive rate of product launches because traumatic stress is being addressed and considered on the global map. This is one of the main reasons why treatment is being demanded and hence, the market will grow at an excellent rate during the forecast period that ends in 2028. In August 2018, a prominent market player Sun Pharmaceutical Industries Limited announced that they will be launching a novel drug named Kapspargo Sprinkle in the US market, as a part of the North American region. This will help the patients that are suffering from hypertension, heart failure and for its recognized use for patients suffering from PTSD symptoms.
However, one of the major issues that the post-traumatic stress disorder market is facing is to revive its demand and growth during the ongoing forecast period of 2021-2028 is the lack of information and awareness that is affecting the potential demand for the market. Also, the high price attached to the market products and limited availability will hamper the market operations during the period.
The key market players like the production sectors and the manufacturers are on the way to lay their focus on developing new products and making the best use of the available technology. There has been an increase in the adoption rate followed by the accessibility of antidepressants drugs in healthcare centers and hospitals. Janssen Pharmaceuticals is a subsidiary of Johnson and Johnson announced on March 27, 2018, the launch of the antidepressant nasal spray with the name of Spravato got the fast approval of USFDA. These are known to be a conjunction with an oral antidepressant.
Post-Traumatic Stress Disorder Market Segmentation
The post-traumatic stress disorder market has been divided all across the globe based on the treatment, end-user, and region.
Based on the Treatment
The post-traumatic stress disorder market has been divided all across the globe based on the treatment into prazosin, anti-anxiety medications, psychotherapy, medications, and many others.
Based on the End-Users
The post-traumatic stress disorder market has been divided all across the globe based on the end-users into ambulatory surgical centers, hospitals, clinics, senior citizen centers, home care, and others.
Based on the Region
Post-traumatic stress disorder (PTSD) has been associated with being divided in the global market based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region.
Post-Traumatic Stress Disorder Market Regional Analysis
The post-traumatic stress disorder market has been divided all across the globe based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. The largest market share in the global market is held by the North American region owing to increasing cases of stress disorders associated with various traumatic events like childhood physical abuse, sexual molestation, combat exposure, physical attack, childhood neglect, and rape and hence it drives the market demand in this region.
The second-largest market share in the global market is held by the European region owing to increasing human rights problems like sexual violence among women that has long and short term consequences and hence drives the market demand. Moreover, increasing research and development done by various major key players is another driving factor.
Being the fastest-growing region, the third-largest market share is held by the Asia-Pacific region owing to the presence of highly populous countries like China and India which results in an increased number of road accidents and various other traumatic events and hence drives the market demand in this region.
The Latin American region and the Middle East and African region also show a steady growth rate during the forecasted period owing to increasing healthcare expenditure, better adoption rate, presence of advanced technology, increasing government initiatives, and presence of optimal treatment facilities that drive the market demand to this region.
The most prominent key players in the post-traumatic stress disorder market all across the globe are mentioned below:
These major key players use various strategies to support their market position in the post-traumatic stress disorder market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a unique production process, and many others to expand their customer base in the untapped market of the post-traumatic stress disorder market all across the globe.
The global post-traumatic stress disorder market research report holds the following components mentioned below:
This market research report contains factors that drive the growth of the post-traumatic stress disorder market in the global market and the factors that restrict its growth in the global market. The technical analysis in the global market during the forecasted period is mentioned. The impact of COVID 19 on the post-traumatic stress disorder market all across the globe is mentioned. The future growth rate in the post-traumatic stress disorder market during the forecast period is predicted, as well.
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Treatment, End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Azevan Pharmaceuticals (US), Marinus Pharmaceuticals, Inc. (US), Bionomics (Australia), Greenstone LLC (US), GlaxoSmithKline (UK), Pfizer (US), Eli Lilly and Company (US), H. Lundbeck A/S (Denmark), Tonix Pharmaceuticals Holding Corp. (US), and Mylan NV (US)|
|Key Market Opportunities||
|Key Market Drivers||
The post-traumatic stress disorder market valuation would be USD 7.3 billion by 2025.
The CAGR for post-traumatic stress disorder market would be 4.8% during the forecast period.
The hospitals & clinics segment has the largest post-traumatic stress disorder market segment.
The Americas would dominate post-traumatic stress disorder market.
The Asia Pacific post-traumatic stress disorder market would be the fastest-growing regional market.