Post-Traumatic Stress Disorder Market Scope
Post-Traumatic Stress Disorder Market insights report has valued the industry at USD 1.1 billion in 2021 and is projected to grow from USD 1.15 Billion in 2022 to USD 1.60 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.80% during the forecast period (2022 – 2030).
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.
Key Drivers and Impediments
The unusually high burden of various mental issues among people that give rise to post-traumatic stress disorder has fostered the market size to a huge extent. Significant rise in violence, cross-borders tensions, accidents and occupational hazards add value to the Post-Traumatic Stress Disorder industry. Additionally, the emergence of several rehabilitation programs, particularly for wounded military personnel can most likely elevate the growth rate of the Post-Traumatic Stress Disorder market in the coming years.
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.
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.
North America has bagged the leading spot in the worldwide market for Post-Traumatic Stress Disorder, 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.
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 manufacturers of treatment drugs and products, as highlighted in post-traumatic stress disorder market outlook report.
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