UAE Depression/Major Depressive Disorders (MDD) Market Analysis

UAE Depression/Major Depressive Disorders (MDD) Market Analysis


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UAE Depression/Major Depressive Disorders (MDD) Market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Factors driving the Depression/Major Depressive Disorders (MDD) market include rising global depression prevalence, increased awareness and understanding of mental health issues, advancements in treatment options such as new medications and therapies, rising healthcare expenditure and insurance coverage for mental health, and government initiatives aimed at improving mental healthcare access. Pfizer Inc., Eli Lilly and Company, Johnson & Johnson, GlaxoSmithKline plc, AstraZeneca plc, Takeda Pharmaceutical Company Limited, Bristol Myers Squibb Company, H. Lundbeck A/S, Merck & Co., Inc., Allergan plc are global key players in Depression/Major Depressive Disorders (MDD) Market.

ID: IN10AEPH269 CATEGORY: Pharmaceuticals GEOGRAPHY: UAE AUTHOR: Riddhi Solanki

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UAE Depression/Major Depressive Disorders (MDD) Market Analysis Summary

UAE Depression/Major Depressive Disorders (MDD) Market is valued at around $38.6 Mn in 2022 and is projected to reach $59.5 Mn by 2030, exhibiting a CAGR of 5.57% during the forecast period 2023-2030.

Factors driving the Depression/Major Depressive Disorders (MDD) market include rising global depression prevalence, increased awareness, and understanding of mental health issues, advancements in treatment options such as new medications and therapies, rising healthcare expenditure and insurance coverage for mental health, and government initiatives aimed at improving mental healthcare access. These drivers collectively contribute to the expansion of the market and the demand for effective treatments for depression and MDD. Pfizer Inc., Eli Lilly and Company, Johnson & Johnson, GlaxoSmithKline plc, AstraZeneca plc, Takeda Pharmaceutical Company Limited, Bristol Myers Squibb Company, H. Lundbeck A/S, Merck & Co., Inc., Allergan plc are global key players in Depression/Major Depressive Disorders (MDD) Market.

Market Dynamics

Market Growth Drivers

  1. Increasing Prevalence: The rising global prevalence of depression and major depressive disorders is a significant market driver, with more people seeking diagnosis and treatment
  2. Raising Knowledge: Raising awareness and understanding of mental health conditions, such as depression, has resulted in increased acknowledgment and reduced stigma, boosting demand for treatments
  3. Treatment Advances: Ongoing research and development of novel antidepressant drugs and therapy techniques provide better options for depression management, driving market growth
  4. Rising Healthcare Expenditure: Rising healthcare spending and insurance coverage for mental health issues help to drive market growth
  5. Government Activities: Government initiatives to improve access to mental healthcare, fund research, and enact mental health legislation encourage market growth

Market Restraints

  1. Stigma and Mental Health Awareness: The persistent stigma associated with mental health may dissuade people from seeking treatment, resulting in underdiagnosis and undertreatment
  2. Treatment Efficacy Is Limited: The varied response to antidepressant drugs and therapy makes it difficult to achieve consistent and satisfactory treatment outcomes. Antidepressant drugs may cause side effects, and worries regarding their safety and long-term effects can affect patient adherence and acceptance
  3. Access to Mental Health Services: The scarcity of mental health services, including specialized personnel and facilities, impedes prompt and proper treatment
  4. Affordability and Insurance Coverage: The cost of treatment, along with inadequate mental health insurance coverage, can limit access to effective interventions

Competitive Landscape

Key Players

  • Pfizer Inc.
  • Eli Lilly and Company
  • Johnson & Johnson
  • GlaxoSmithKline plc
  • AstraZeneca plc
  • Takeda Pharmaceutical Company Limited
  • Bristol Myers Squibb Company
  • H. Lundbeck A/S
  • Merck & Co., Inc.
  • Allergan plc

Developments in Depression/Major Depressive Disorders (MDD) Market

  • Usona Institute is evaluating the potential efficacy of a single 25 mg oral dose of psilocybin for MDD compared to the active placebo in a Phase II clinical study.
  • Ketamine was approved by the FDA as a sedative/analgesic and general anesthetic is now found effective in treating severe depression says the Harvard Gazette in 2023.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

UAE Depression/Major Depressive Disorders (MDD) Market Segmentation

By Drug Class

  • SSRIs
  • SNRIs
  • Tricyclic Antidepressants (TCAs)
  • Atypical Antidepressants
  • Others

By Therapy Type

  • Cognitive Behavioural Therapy (CBT) 
  • Psychodynamic Therapy
  • Interpersonal Therapy (IPT)
  • Others

By End User

  • Hospitals
  • Clinics
  • Specialized Mental Health Centres
  • Pharmacies

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 27 February 2024
Updated by: Riya Doshi

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