Depressive Disorders - Jordan

Jordan

Revenue in the Depressive Disorders market is projected to reach US$7.87m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.73%, resulting in a market volume of US$8.16m 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$13.37 are generated in 2024.

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

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Analyst Opinion

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

Customer preferences: Customers in Jordan are increasingly seeking treatment for depressive disorders, leading to a growing demand for medications and therapy options. This can be attributed to a number of factors, including increased awareness and understanding of mental health issues, as well as a decrease in the stigma surrounding mental illness. Additionally, the availability of a wider range of treatment options has also contributed to the rising demand.

Trends in the market: One of the key trends in the Depressive Disorders market in Jordan is the increasing use of antidepressant medications. This trend can be attributed to the effectiveness of these medications in managing depressive symptoms, as well as the growing acceptance of pharmacological interventions for mental health disorders. Additionally, there has been a shift towards more personalized treatment approaches, with healthcare providers tailoring treatment plans to meet the specific needs of individual patients.Another trend in the market is the growing popularity of therapy options, such as cognitive behavioral therapy (CBT) and mindfulness-based therapy. These therapies have been shown to be effective in treating depressive disorders and are increasingly being recommended by healthcare professionals. The availability of trained therapists and the willingness of patients to engage in therapy sessions have contributed to the growth of this market segment.

Local special circumstances: In Jordan, there is a growing recognition of the importance of mental health and a commitment to improving access to mental health services. The government has implemented policies and initiatives aimed at increasing awareness, reducing stigma, and improving the availability of mental health services. This has created a supportive environment for the growth of the Depressive Disorders market.

Underlying macroeconomic factors: The growth of the Depressive Disorders market in Jordan can also be attributed to underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and improved access to healthcare services. Additionally, the government has made investments in the healthcare sector, including the expansion of healthcare infrastructure and the training of healthcare professionals. These factors have contributed to the growth and development of the Depressive Disorders market in Jordan.Overall, the Depressive Disorders market in Jordan is experiencing significant growth and development, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing demand for treatment options, including medications and therapy, is creating opportunities for growth in the market. The supportive environment for mental health services and the commitment to improving access to care are further contributing to the development of the market.

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.