Depressive Disorders - Eastern Africa

  • Eastern Africa
  • Revenue in the Depressive Disorders market is projected to reach US$66.92m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.98%, resulting in a market volume of US$70.26m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$6,263.00m in 2024).
  • In relation to total population figures, per person revenues of US$2.37 are generated in 2024.

Key regions: India, Europe, Japan, Canada, United Kingdom

 
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Analyst Opinion

The Depressive Disorders market in Eastern Africa is experiencing significant growth and development.

Customer preferences:
Customers in Eastern Africa are increasingly seeking treatment for depressive disorders due to a growing awareness and understanding of mental health issues. There is a rising demand for effective and accessible treatment options, including medication and therapy. Customers also prefer holistic approaches to treatment, incorporating lifestyle changes and alternative therapies such as yoga and meditation.

Trends in the market:
One of the key trends in the Depressive Disorders market in Eastern Africa is the increasing availability and affordability of mental health services. Governments and healthcare providers are recognizing the importance of addressing mental health and are investing in the development of mental health infrastructure and services. This includes the establishment of specialized mental health clinics and the training of healthcare professionals in the diagnosis and treatment of depressive disorders. Another trend is the integration of technology in mental health services. The use of telemedicine and mobile health applications allows for remote consultations and monitoring of patients, improving access to care in remote areas. This trend is particularly relevant in Eastern Africa, where access to healthcare facilities can be limited in rural areas.

Local special circumstances:
Eastern Africa faces unique challenges in addressing depressive disorders. Limited resources and infrastructure, as well as cultural stigma surrounding mental health, can hinder the delivery of effective treatment. However, there is a growing recognition of the need to overcome these barriers and provide comprehensive mental health services to the population.

Underlying macroeconomic factors:
The economic growth and development in Eastern Africa have contributed to the increasing demand for mental health services. As the region experiences economic progress, there is a greater focus on overall well-being, including mental health. Additionally, the region has seen improvements in healthcare systems and increased investment in healthcare infrastructure, which has facilitated the growth of the Depressive Disorders market. In conclusion, the Depressive Disorders market in Eastern Africa is developing due to the increasing awareness and demand for mental health services. The market is characterized by customer preferences for holistic treatment options and the integration of technology in mental health services. Despite the challenges posed by limited resources and cultural stigma, the region is making progress in addressing depressive disorders. The underlying macroeconomic factors, including economic growth and improvements in healthcare infrastructure, are contributing to the market's development.

Methodology

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.

Overview

  • Revenue
  • Patients
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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