Depressive Disorders - Senegal | Statista Market Forecast

Revenue in the Depressive Disorders market is projected to reach US$5.96m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.45%, resulting in a market volume of US$6.73m 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$6.25 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 Senegal is experiencing significant growth due to several factors. Customer preferences for mental health services have shifted, leading to increased demand for treatments and therapies. Additionally, there are several trends in the market that are contributing to its development. Local special circumstances and underlying macroeconomic factors are also playing a role in the growth of the Depressive Disorders market in Senegal.Customer preferences for mental health services have evolved in recent years. There is a growing awareness and acceptance of mental health issues in Senegal, leading to an increased demand for treatments and therapies for Depressive Disorders. Individuals are seeking professional help and are more willing to discuss their mental health concerns openly. This shift in customer preferences has created a favorable environment for the growth of the Depressive Disorders market.Trends in the market are also contributing to its development. One notable trend is the increasing availability of mental health services in Senegal. There has been a rise in the number of clinics, hospitals, and specialized centers that offer treatments for Depressive Disorders. This trend is driven by the recognition of the importance of mental health and the need for accessible and affordable services. Additionally, there is a growing trend towards holistic approaches to mental health, with an emphasis on incorporating alternative therapies such as yoga, meditation, and art therapy into treatment plans.Local special circumstances are also influencing the growth of the Depressive Disorders market in Senegal. The country has a relatively young population, with a significant portion of the population under the age of 30. Younger individuals are more likely to seek help for mental health issues and are driving the demand for Depressive Disorders treatments. Additionally, there is a growing urbanization trend in Senegal, with more people moving to cities for better job opportunities and access to healthcare. This urbanization trend has increased the demand for mental health services in urban areas.Underlying macroeconomic factors are also playing a role in the growth of the Depressive Disorders market in Senegal. The country has experienced steady economic growth in recent years, leading to an increase in disposable income. As individuals have more financial resources, they are able to afford mental health treatments and therapies. Additionally, the government has recognized the importance of mental health and has taken steps to improve access to mental health services. This support from the government has contributed to the growth of the Depressive Disorders market.In conclusion, the Depressive Disorders market in Senegal is developing due to shifting customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increased demand for mental health services, the availability of treatments and therapies, the recognition of the importance of mental health, and the economic growth of the country are all contributing 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.