Depressive Disorders - Bahrain | Statista Market Forecast

Revenue in the Depressive Disorders market is projected to reach US$6.16m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.20%, resulting in a market volume of US$6.54m by 2029.
In global comparison, most revenue will be generated United States (US$6.26bn in 2024).
In relation to total population figures, per person revenues of US$67.67 are generated in 2024.

Depressive disorders are a common type of mental illness. Symptoms include depressive moods such as feeling sad, low concentration, low self-worth, loss of interest in activities, and, in some cases, thoughts of suicide. Common treatments for depressive disorders include psychological treatments such as psychotherapy, behavioral therapy, and antidepressant medication.

The Depressive Disorders market in the Mental Health market represents the market for antidepressant drug sales. Different types of antidepressants are usually prescribed for the treatment of mild to serious cases of depression, e.g., selective serotonin reuptake inhibitors (SSRIs), serotonin norepinephrine reuptake inhibitor (SNRIs), serotonin modulators, as well as tricyclic and tetracyclic antidepressants.

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: Novartis AG, Pfizer, Bristol-Myers Squibb, GlaxoSmithKline, Patheon Inc, and Sandoz Inc.

Antidepressant drugs
Selective serotonin reuptake inhibitors (SSRIs)
Serotonin norepinephrine reuptake inhibitor (SNRIs)
Serotonin modulators
Tricyclic and tetracyclic antidepressants

Psychotherapy
Mood stabilizers
Anti-anxiety and stimulant medications
Behavioral therapy

The Depressive Disorders market in Bahrain is experiencing significant growth due to changing customer preferences and increasing awareness about mental health.

Customer preferences: Customers in Bahrain are increasingly seeking treatment for depressive disorders due to the growing understanding of mental health and its impact on overall well-being. There is a shift in customer preferences towards seeking professional help and medication for managing depressive disorders. This change in preference is driven by the desire for a better quality of life and improved mental health.

Trends in the market: One of the key trends in the Depressive Disorders market in Bahrain is the increasing adoption of telemedicine and online therapy services. This trend has been accelerated by the COVID-19 pandemic, which has limited in-person visits to healthcare facilities. Telemedicine and online therapy services provide a convenient and accessible way for individuals to seek help for depressive disorders from the comfort of their homes. This trend is expected to continue even after the pandemic, as it offers flexibility and convenience to customers.Another trend in the market is the growing demand for alternative therapies and holistic approaches to managing depressive disorders. Customers are increasingly interested in complementary and alternative medicine, such as herbal remedies, acupuncture, and mindfulness-based therapies. These alternative therapies are perceived as more natural and holistic, and they provide customers with a sense of control over their mental health.

Local special circumstances: Bahrain has made significant efforts to raise awareness about mental health and reduce the stigma associated with depressive disorders. The government has implemented various initiatives to promote mental health and provide support to individuals suffering from depressive disorders. These initiatives include awareness campaigns, training programs for healthcare professionals, and the establishment of mental health clinics and support groups. The government's efforts have contributed to increased awareness and acceptance of depressive disorders, leading to a higher demand for treatment options.

Underlying macroeconomic factors: The growing Depressive Disorders market in Bahrain can also be attributed to favorable macroeconomic factors. Bahrain has a stable and growing economy, which has led to an increase in disposable income and improved access to healthcare services. The government has invested in healthcare infrastructure and facilities, making high-quality treatment options more accessible to the population. Additionally, Bahrain has a young population, and mental health issues are more prevalent among younger age groups. This demographic factor has contributed to the growth of the Depressive Disorders market as younger individuals are more likely to seek treatment for mental health conditions.In conclusion, the Depressive Disorders market in Bahrain is experiencing growth due to changing customer preferences, increasing awareness about mental health, and favorable macroeconomic factors. The adoption of telemedicine and online therapy services, the demand for alternative therapies, and the government's efforts to raise awareness about mental health are driving the growth of the market. With continued focus on mental health and investment in healthcare infrastructure, the market is expected to further expand in the coming years.

Data coverage:

Data encompasses B2C enterprises. Figures are based on companies' revenues, international institutes data, and global consumer survey data. Revenues refer to the retail value and include sales taxes.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use financial reports and third-party data. Next, we use relevant key market indicators and data from country-specific associations such as healthcare spending per capita, medical product spending per capita, and gross domestic product per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, S-Curve function, ARIMA time series model and exponential curve function. Data is modeled using current exchange rates.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. GCS data is reweighted for representativeness.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Despite what some may think, mental health problems are common in the United States and around the world. Mental health issues, much like other health issues, can be mild, but can also be life altering, affecting the emotional, social, and psychological well-being of the person. Common types of mental illness include mood disorders, anxiety disorders, eating disorders, and personality disorders. Although symptoms of mental illness differ depending on the type of illness and seriousness of the problem, common symptoms of mental health issues include changes in sleeping and eating habits, social withdrawal, feelings of hopelessness, anger, and prolonged sadness, suicidal thoughts, and substance abuse. In 2022, it was estimated that around 36 percent of those in the U.S. aged 18 to 25 years and 29 percent of those aged 26 to 49 years suffered from some form of mental illness in the past year.