Depressive Disorders - Lesotho | Statista Market Forecast

Revenue in the Depressive Disorders market is projected to reach US$557.60k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.43%, resulting in a market volume of US$598.60k 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$3.08 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 Lesotho is experiencing steady growth due to increasing customer preferences for mental health treatments, a rising awareness of mental health issues, and the implementation of supportive government policies. Customer preferences for mental health treatments have been on the rise in Lesotho. As the population becomes more educated and aware of the importance of mental health, there is a growing demand for effective treatments for depressive disorders. Customers are seeking out therapies, medications, and counseling services to help manage their symptoms and improve their overall well-being. This increased demand for mental health treatments is driving the growth of the Depressive Disorders market in Lesotho.Another trend in the market is the rising awareness of mental health issues. In recent years, there has been a concerted effort by both the government and non-governmental organizations to raise awareness about mental health and reduce the stigma associated with seeking treatment. This has resulted in more individuals coming forward to seek help for their depressive disorders. The increased awareness has also led to a greater understanding of the available treatment options, leading to a higher demand for mental health services.The implementation of supportive government policies has also contributed to the growth of the Depressive Disorders market in Lesotho. The government has recognized the importance of mental health and has taken steps to improve access to mental health services. This includes increasing funding for mental health programs, training healthcare professionals in mental health care, and integrating mental health services into primary healthcare settings. These supportive policies have made it easier for individuals with depressive disorders to access the necessary treatment and have contributed to the overall growth of the market.In addition to customer preferences and government support, there are also local special circumstances that are driving the growth of the Depressive Disorders market in Lesotho. The country has a high prevalence of depressive disorders, with a significant portion of the population experiencing symptoms. This creates a large potential market for mental health treatments and services. Furthermore, Lesotho has a relatively young population, and depressive disorders can have a significant impact on the productivity and well-being of individuals in their prime working years. This has led to a greater emphasis on mental health and an increased demand for treatments.Underlying macroeconomic factors, such as economic growth and urbanization, are also contributing to the growth of the Depressive Disorders market in Lesotho. As the economy grows and more people move to urban areas, there is an increased awareness of mental health issues and a greater availability of mental health services. Additionally, economic growth has led to an increase in disposable income, allowing individuals to afford the necessary treatments for their depressive disorders.Overall, the Depressive Disorders market in Lesotho is experiencing steady growth due to increasing customer preferences, rising awareness of mental health issues, supportive government policies, local special circumstances, and underlying macroeconomic factors. As these trends continue, the market is expected to expand further, providing improved access to mental health treatments and services for individuals in Lesotho.

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.