Post-traumatic Stress Disorder Treatment Market Exhibits a Stunning Growth Potentials | Allergan PLC, AstraZenec & Eli Lilly and Company
Post-traumatic stress disorder (PTSD) is a mental health illness brought on by watching or experiencing a terrible incident such as a natural disaster, a major accident, sexual violence, or a terrorist act. People of all ages can get PTSD.
According to
Coherent Market Insights, the global market post-traumatic stress disorder treatment market is predicted to reach US$ 990.7 million in 2021, with a CAGR of 4.2
percent during the forecast period (2021-2028). During the projected period,
the market for post-traumatic stress disorder therapy is expected to develop
due to an increase in product introductions. Sun Pharmaceutical Industries
Ltd., for example, announced the launch of the innovative medicine Kapspargo
Sprinkle in the United States in August 2018. The USFDA has approved a novel
sprinkle formulation of metoprolol succinate for the treatment of hypertension,
angina pectoris, and heart failures, as well as for the treatment of PTSD
symptoms.
Antidepressant
medicines are becoming more widely utilized and accessible in hospitals,
prompting manufacturers to focus on developing new products. For example,
Janssen Pharmaceuticals, a subsidiary of Johnson & Johnson, announced on
March 27, 2018, that the USFDA has authorized Spravato, a fast-acting
antidepressant nasal spray. This is used in conjunction with an antidepressant
that is taken orally. Inorganic growth tactics such as collaboration and
partnerships are being used by several organizations to get into the
market.
For example,
in October 2016, AstraZeneca announced that it had reached an agreement for the
rights to the branded and authorized generic medicine Toprol-XL (metoprolol
succinate) in the United States with Aralez Pharmaceuticals Trading DAC, a a subsidiary of Aralez Pharmaceuticals Inc. Toprol-XL is a beta-blocker drug used
to treat hypertension (high blood pressure), angina pectoris (chest
discomfort), and other heart conditions.
Furthermore,
the worldwide post-traumatic stress disorder treatment market is likely to
benefit from the integration of sophisticated technology and the introduction
of new products. For example, ATAI Life Sciences, a psychedelics, and biotech the company announced the launch of a new subsidiary in August 2020 that will
focus on the development of MDMA derivatives for the treatment of
post-traumatic stress disorder and other conditions.
Post-traumatic
stress disorder (PTSD) treatment varies from patient to patient and may include
a variety of therapies and medications, such as anti-anxiety medications and
antidepressants. The problem with this is that licensed PTSD medications don't
work for everyone, and even when they do, they're not ideal and have adverse
effects.
Treatment
for post-traumatic stress disorder (PTSD) varies by patient and may include a several therapy and drugs, including anti-anxiety and antidepressants. The issue is that licenced PTSD drugs don't work for everyone, and even when they
do, they're ineffective and have side effects.
During the
forecast period, the North American post-traumatic stress disorder treatment market is likely to outperform other regions (2022- 2028). In January 2021, for
example, the prevalence of post-traumatic stress disorder in the United States
was 18 percent, according to an article released by the National Center for
Biotechnology Information (US National Library of Medicine).
Allergan
PLC, AstraZeneca, Eli Lilly and Company, GlaxoSmithKline PLC, Sun
Pharmaceuticals Pvt Ltd, Bristol-Myers Squibb, Johnson, and Johnson, Pfizer
Inc., Aurobindo Inc., Amneal Pharmaceuticals LLC, Apotex Inc., Teva
Pharmaceuticals Industries Ltd., Mylan Pharmaceuticals, and Bausch Health
Companies Inc. are major players in the global post-trauma stress disorder
market.

Comments
Post a Comment