Global Post-Traumatic Stress Disorder (PTSD) Therapeutics Market: Overview
Post-traumatic stress disorder (PTSD) is a psychological condition that occurs in individuals of any age and gender. Its symptoms can show up immediately after a traumatic experience or with the course of time. It is one of the most common psychological disorders, affecting about 8 mn adult Americans and an annual incidence rate of close to 3.5% across the globe. Its first line of treatments includes counseling and psychotherapy. The population at risk includes veterans and soldiers. Some of the drugs that are usually prescribed are Zoloft by Pfizer, Elavil by AstraZeneca, and Paxil by GlaxoSmithKline.
The research report provides an in-depth analysis of the dynamics of the global PTSD therapeutics market and the extent to which they impact the growth of the market. It offers insights into the historical data and current scenario of the market to understand the growth rate of the market and also to make predictions about the future trends. For a coherent understanding, it segments the market on the basis of various criteria including treatment and geography. It presents invaluable information regarding the different parameters of the market that help new as well as existing players in making informed business decisions. It extensively covers the competitive landscape of the global PTSD therapeutics market.
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Global Post-Traumatic Stress Disorder (PTSD) Therapeutics Market: Drivers and Restraints
The rising prevalence of PTSD is the primary factor driving the global PTSD therapeutics market. Globally, there are increasing cases of cross-border tensions and violence. To control such situations, military troops and police forces are deployed at sights of violence. This is leading to the development of PTSD among military personnel, which in turn is driving the demand for therapeutics for the treatment of this disorder. In addition, the increasing emphasis on rehabilitation programs for injured military personnel is working in favor of the growth of the market. Moreover, the growing number of road accidents, particularly in developing countries, is augmenting the market.
On the flip side, the serious side effects of certain drugs are leading to bad publicity and several lawsuits, which in turn is adversely affecting the growth of the market. Consumption of Zoloft and Paxil by pregnant women led to septal heart defects, miscarriage, delayed development, cranial defect, and persistent pulmonary hypertension (PPHN). However, the increasing research and development activities for understanding the mechanisms underlying PTSD is likely to pave way for new and safe therapeutics.
Global Post-Traumatic Stress Disorder (PTSD) Therapeutics Market: Geographical Segmentation
The key segments studied in the report on the basis of geography are Asia Pacific, Europe, North America, and Rest of the World. North America will be one of the major revenue contributors to the growth of the global market. The rising prevalence of PTSD is fuelling the demand for its therapeutics in the region. The presence of pharmaceutical giants along with the increasing research and development in the field is providing a fillip to the growth of the region. Asia Pacific will be a potential market owing to the high rate of motor accidents in high population countries.
Global Post-Traumatic Stress Disorder (PTSD) Therapeutics Market: Competitive Landscape
The global PTSD therapeutics market is characterized by high competitive rivalry. The market scenario is anticipated to change after the launch of novel therapies. Some of the prominent players in the market are GlaxoSmithKline, Pfizer, Neurocrine Biosciences, Novartis Pharmaceuticals, Azevan Pharmaceuticals, and Baylor Research Institute.
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