Depressive Disorders - Malta | Statista Market Forecast

Revenue in the Depressive Disorders market is projected to reach US$6.81m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.42%, resulting in a market volume of US$8.05m 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$273.40 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 Malta is experiencing significant growth and development due to several key factors.

Customer preferences: In Malta, there is an increasing awareness and acceptance of mental health issues, including depressive disorders. This shift in customer preferences has led to a greater demand for treatment options and support services in the market. Customers are seeking effective and accessible solutions to manage their mental health, leading to a rise in the number of individuals seeking professional help for depressive disorders.

Trends in the market: One of the major trends in the Depressive Disorders market in Malta is the growing adoption of telemedicine and online therapy platforms. This trend has been accelerated by the COVID-19 pandemic, which has limited in-person consultations and increased the need for remote mental health services. Online therapy platforms offer convenience and accessibility, allowing individuals to receive treatment from the comfort of their own homes. This trend is expected to continue as more people recognize the benefits of online therapy for managing depressive disorders.Another trend in the market is the integration of technology and digital tools in the treatment of depressive disorders. Mobile applications and wearable devices are being developed to monitor and track mental health symptoms, providing individuals with real-time data and insights. These technological advancements not only enhance the accuracy of diagnosis and treatment but also empower individuals to take an active role in managing their mental health.

Local special circumstances: Malta's small population size and close-knit community contribute to unique circumstances in the Depressive Disorders market. The close social connections and cultural values of support and solidarity in Malta create an environment where individuals feel comfortable seeking help for mental health issues. This has led to a higher rate of diagnosis and treatment compared to some other countries. Additionally, the availability of mental health services and support networks is relatively high in Malta, further encouraging individuals to seek help for depressive disorders.

Underlying macroeconomic factors: The growing Depressive Disorders market in Malta is also influenced by underlying macroeconomic factors. The country's strong economy and high standard of living have led to increased disposable income, allowing individuals to prioritize their mental health and invest in treatment options. Additionally, Malta's aging population and the associated increase in chronic health conditions contribute to the rising demand for mental health services, including those targeting depressive disorders.In conclusion, the Depressive Disorders market in Malta is experiencing growth and development due to changing customer preferences, such as increased awareness and acceptance of mental health issues. The market is also influenced by trends such as the adoption of telemedicine and the integration of technology in treatment options. Local special circumstances, including the close-knit community and cultural values, contribute to the high rate of diagnosis and treatment in Malta. Finally, underlying macroeconomic factors, such as the country's strong economy and aging population, further drive the demand for mental health services in the Depressive Disorders 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.