Canada Depression / Major Depressive Disorders (MDD) Market Analysis

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  • Type: Common Disease Area
  • Published : April 2021
  • Region: North America
  • Country: Canada
  • Report ID : 3126

  • Format: PPT, PDF

Canada Anti-depressants Market: Segmented by Drug class (Selective Serotonin Reuptake Inhibitor (SSRI), Serotonin-norepinephrine Reuptake Inhibitor (SNRI), Tricyclic Antidepressant (TCA), Monoamine Oxidase Inhibitor (MAOI), and Others), By Depressive disorders (Major Depressive Disorder, Obsessive-Compulsive Disorder and Generalized Anxiety Disorder, Panic Disorders and Others) – Growth, Trends, and Forecasts (2019 – 2028)

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The Canada Antidepressants market size stood at around USD XX billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of XX% during the forecast period.

Mental illness indirectly affects all Canadians at some time through a family member, friend, or colleague. In any given year, 1 in 5 people in Canada will personally experience a mental health problem or illness. Mental illness affects people of all ages, education, income levels, and cultures. Approximately 8% of adults will experience major depression at some time in their lives. About 1% of Canadians will experience bipolar disorder (or “manic depression”).  70% of mental health problems have their onset during childhood or adolescence. Young people aged 15 to 24 are more likely to experience mental illness or substance use disorders than any other age group. Antidepressant prescribing rates continue to increase in Canada, although the prescribing patterns have changed over the past few years. The wide use of expensive antidepressants and those with weak clinical evidence raises concerns regarding the rational use of antidepressants.

Market Drivers

Growing public awareness about depression, changes in patients’ attitudes, the expansion of therapeutic indications, a complex interplay of genetic, biological, personality, and environmental factors, and the impact of commercial interests are the primary drivers for the growth of the Anti-depressants market in Canada. In clinical practice, antidepressants are prescribed for many conditions other than depression, such as anxiety, sleeping disorders, psychosis, and neuropathic pain. This has led to concerns that antidepressants are being overprescribed. Also, with the accelerated development of Canada, various social contradictions have become prominent, people’s life pressure has increased, and the incidence of depression has continued to rise. The rapid development of the depression medication market and product declarations have shown a prosperous trend in the Canadian market.

1. Canada Anti-depressants Market Overview……………………………..
A. Market Size
2. Market Growth Drivers………………………………………………………………………
A. Growing Public Awareness and Changing Patients Attitude
B. Rapid Development of the Depression Medication Market and Product Declarations
3. Major depression treatments …………………………………………………………….
A. Therapies
B. Medications
C. Medical procedures
4. Anti-depressants Market Segmentation………………………………………………………..
A. By Drug class
I. Selective Serotonin Reuptake Inhibitor (SSRI)
II. Serotonin-norepinephrine Reuptake Inhibitor (SNRI)
III. Tricyclic Antidepressant (TCA)
IV. Monoamine Oxidase Inhibitor (MAOI)
V. Others
B. By Depressive disorders
I. Major Depressive Disorder
II. Obsessive-Compulsive Disorder
III. Generalized Anxiety Disorder
IV. Panic Disorder
V. Others
5. Anti-depressants Major Products Market Share……………………
A. Key Findings
B. Market Analysis, Insights, and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. Pfizer Inc. Company overview, Product & Services, Strategies & Financials
B. AstraZeneca Company overview, Product & Services, Strategies & Financials
C. Eli Lilly Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of Anti-depressants drug market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Drug Class:

Based on the drug class, anti-depressants market is segmented into selective serotonin reuptake inhibitor (SSRI), serotonin-norepinephrine reuptake inhibitor (SNRI), tricyclic antidepressant (TCA), monoamine oxidase inhibitor (MAOI), and other products. In terms of drug varieties, serotonin reuptake inhibitors (SSRIs) have a different structure and pharmacological mechanism than previous TCA antidepressants, with clear curative effects, fewer adverse reactions, and safe applications. They have quickly become the most important class of antidepressants in Canadian geography.

By Depressive Disorders:

Based on the depressive disorders, the market is segmented into major depressive disorder, obsessive-compulsive disorder, generalized anxiety disorder, panic disorder, and others. The Major Depressive Disorder segment is projected to hold a significant share over the forecast period and comprise the combination of biological, psychological, and social sources of distress.

Top Major Players

Canada presents rewarding opportunities for the key players operating in the Antidepressants treatment market, owing to growth in awareness about antidepressant treatment and the rise in adoption of Antidepressants treatment products. Key players profiled in this report include Astellas Pharma Inc., AstraZeneca plc, Bayer AG, F. Hoffmann-La Roche AG, Ferring Pharmaceuticals Inc., GlaxoSmithKline Plc, Ipsen Pharma, Johnson & Johnson, and Takeda Pharmaceutical Company Ltd, Pfizer, Eli Lilly, etc.

Research Methodology

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

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or 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 develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form 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 North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. 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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We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed 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 are then, interpreted by considering following parameters: (a partial list)

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  • Market Segment based analysis to obtain revenue / volume
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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