Depressive Disorders - Lebanon | Statista Market Forecast

Revenue in the Depressive Disorders market is projected to reach US$4.47m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -11.33%, resulting in a market volume of US$2.45m 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$15.53 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 Lebanon is experiencing significant growth due to a variety of factors.

Customer preferences: Customers in Lebanon are increasingly seeking treatment for depressive disorders. This can be attributed to a growing awareness and understanding of mental health issues, as well as a reduced stigma surrounding seeking help for mental health conditions. As a result, more individuals are willing to seek professional assistance and treatment options for depressive disorders.

Trends in the market: One of the key trends in the Depressive Disorders market in Lebanon is the increasing demand for pharmaceutical treatments. Antidepressant medications are becoming more widely prescribed and used by individuals suffering from depressive disorders. This trend can be attributed to the effectiveness of these medications in managing symptoms and improving overall mental well-being. Additionally, the availability of a wide range of antidepressant medications in the market provides customers with options to choose from, based on their specific needs and preferences.Another trend in the market is the rising popularity of alternative therapies and treatments for depressive disorders. Many individuals in Lebanon are exploring non-pharmaceutical options such as psychotherapy, counseling, and holistic approaches to manage their depressive symptoms. This trend can be attributed to a desire for more personalized and holistic treatment options, as well as a growing interest in natural and alternative remedies.

Local special circumstances: Lebanon faces unique challenges in the Depressive Disorders market due to its political and economic instability. The country has experienced periods of social and political unrest, which can contribute to increased stress and mental health issues among the population. Additionally, the economic crisis in Lebanon has led to high levels of unemployment and financial insecurity, which can further exacerbate depressive symptoms. These local special circumstances highlight the importance of accessible and affordable mental health services and treatments in Lebanon.

Underlying macroeconomic factors: The growth of the Depressive Disorders market in Lebanon can also be attributed to underlying macroeconomic factors. As the country's healthcare infrastructure continues to develop, there is an increasing availability of mental health services and treatments. Government initiatives and policies aimed at improving mental health awareness and access to care have also contributed to the growth of the market. Additionally, the influence of global trends and advancements in mental health research and treatment options have influenced the market in Lebanon, leading to a greater variety of treatment options and increased awareness among healthcare professionals and the general population.In conclusion, the Depressive Disorders market in Lebanon is experiencing growth due to increasing customer preferences for treatment options, including pharmaceutical and alternative therapies. Local special circumstances, such as political and economic instability, highlight the importance of accessible mental health services. Underlying macroeconomic factors, including healthcare infrastructure development and government initiatives, have also contributed to the growth of the market.

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.