The revenue in the mental health market in the Philippines was forecast to continuously increase between 2024 and 2029 by in total 7.4 million U.S. dollars (+5.1 percent). After the twelfth consecutive increasing year, the revenue is estimated to reach 152.58 million U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the mental health market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Mental health disorders are common illnesses found among people all over the world. These disorders are caused by a variety of genetic and environmental factors that cause imbalances in a person's physical and emotional behavior. Most mental health disorders can be treated with behavioral and psychotherapies. In some cases, however, medication is prescribed along with these treatments. The Mental Health market represents the market for the drugs that are used to treat various mild to serious mental health disorders. The market is divided into three markets that have been based on the disorders that are being treated. This includes depressive disorders, anxiety and related sleeping disorders, and different types of psychotic disorders.
Market values represent the revenues generated by manufacturers and are based on retail prices for each drug category including all drugs, regardless of whether they are reimbursed or not.
Company examples: Pfizer, Bristol-Myers Squibb, Johnson & Johnson, AbbVie, and Sumitomo pharma
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Statista. (June 25, 2024). Revenue of the mental health market in the Philippines from 2017 to 2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/forecasts/1415456/mental-health-market-revenue-philippines
Statista. "Revenue of the mental health market in the Philippines from 2017 to 2029 (in million U.S. dollars)." Chart. June 25, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/forecasts/1415456/mental-health-market-revenue-philippines
Statista. (2024). Revenue of the mental health market in the Philippines from 2017 to 2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/forecasts/1415456/mental-health-market-revenue-philippines
Statista. "Revenue of The Mental Health Market in The Philippines from 2017 to 2029 (in Million U.S. Dollars)." Statista, Statista Inc., 25 Jun 2024, https://www.statista.com/forecasts/1415456/mental-health-market-revenue-philippines
Statista, Revenue of the mental health market in the Philippines from 2017 to 2029 (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1415456/mental-health-market-revenue-philippines (last visited November 23, 2024)
Revenue of the mental health market in the Philippines from 2017 to 2029 (in million U.S. dollars) [Graph], Statista, June 25, 2024. [Online]. Available: https://www.statista.com/forecasts/1415456/mental-health-market-revenue-philippines
