Depressive Disorders - Guinea | Statista Market Forecast

Revenue in the Depressive Disorders market is projected to reach US$4.24m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.19%, resulting in a market volume of US$4.73m 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$5.15 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 Guinea is experiencing steady growth due to increasing customer preferences for mental health treatments, a growing awareness of mental health issues, and the implementation of government initiatives to address mental health concerns. Customer preferences in Guinea are shifting towards seeking treatment for depressive disorders. As mental health awareness increases, more individuals are recognizing the importance of seeking professional help for their mental well-being. This change in attitude is driving the demand for mental health services, including treatments for depressive disorders. In addition, there is a growing recognition among healthcare professionals and the general public that depressive disorders are a significant public health concern. This increased awareness has led to a greater emphasis on early intervention and treatment for individuals with depressive disorders. As a result, there is a higher demand for mental health services, including therapy and medication, to address the needs of this population. Furthermore, the government of Guinea has implemented initiatives to address mental health concerns in the country. This includes the establishment of mental health clinics and the recruitment of mental health professionals. These efforts have improved access to mental health services, making it easier for individuals to seek treatment for depressive disorders. Local special circumstances in Guinea also contribute to the development of the Depressive Disorders market. Guinea has a relatively young population, with a significant portion of the population under the age of 30. This demographic trend is important because depressive disorders often emerge during adolescence and early adulthood. The prevalence of depressive disorders among young people in Guinea is therefore a key factor driving the growth of the market. Underlying macroeconomic factors, such as economic growth and increased healthcare spending, also play a role in the development of the Depressive Disorders market in Guinea. As the economy grows, individuals have more disposable income to spend on healthcare, including mental health services. Additionally, increased healthcare spending by the government has improved access to mental health services, further fueling the growth of the market. In conclusion, the Depressive Disorders market in Guinea is experiencing growth due to increasing customer preferences for mental health treatments, a growing awareness of mental health issues, government initiatives to address mental health concerns, local special circumstances, and underlying macroeconomic factors. This trend is expected to continue as the importance of mental health continues to be recognized and efforts to improve access to mental health services are sustained.

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.