Canada Depression / Major Depressive Disorders (MDD) Market Analysis


  • 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)

SKU: 3126 Categories: ,

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”.

Our analysis methodology involves three critical stages:

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 around 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.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no 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. 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.

Data Triangulation & Validation:

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 the company level averages etc.

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)

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

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
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 consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy this report, please complete the form below.

    We value your inquiry and offer free customization with every report to fulfil your exact research needs.

    This website is secure and your personal details are safe.

    This report addresses

    • Market intelligence to enable effective decision making
    • Growth opportunities and trend analysis
    • Competitive benchmarking
    • Historical data & forecasts
    • Regional opportunities

    Need more?

    • Speak to our analyst to know how this research was put together
    • Add more countries or regions as part of customisation
    • Understand how this report can have direct impact on your revenue

    Get a custom report based on your requirements