Panic Disorders Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Panic disorders, also known as anxiety disorder deals with recurrent and unexpected panic attacks. These attacks are sudden and can affect the health of a person on a serious note if untreated. As a result, several drugs and therapeutics have been introduced in order to treat patients suffering from panic disorders across the globe. The rising demand for effective drugs and the rising awareness regarding its availability of therapeutics are anticipated to encourage the growth of the global panic disorder market in the next few years. The hectic lifestyle and the rising work pressure are some of the common causes resulting in panic disorders across the globe.
The leading players in the global panic disorders market are focusing on creating an awareness among people regarding this condition and the several effects if not properly treated are expected to encourage the market’s growth in the coming years. In addition, the increasing emphasis of players on development of new product and research and development activities is likely to generate lucrative and promising growth opportunities for key players operating in the global panic disorders market. The rising preference of patients on spending significantly towards healthcare expenses is expected to accelerate the growth of the market in the near future.
With a substantial rise in the competitive level, the market players are expected to witness high growth. The expansion of the product portfolio and the rising demand from developed economies are anticipated to encourage the growth of the global panic disorders market in the next few years. Moreover, the marketing strategies adopted by the players and the enhancement of the distribution network are some of the important aspects expected to augment global panic disorders market in the near future.
The increasing number of drugs in the clinical trial and the effective therapeutics available across the globe are propelling the global panic disorders market. The rising number of cases owing to the hectic lifestyle is one of the major factors boosting the cases of panic disorders. Nonetheless, with the rising focus of leading players on the expansion of the product portfolio, the market is likely to witness high growth in the next few years.
The research report on the global panic disorders market provides a comprehensive analysis, focusing on the latest trends, growth prospects, and opportunities. With the help of primary and secondary data, the research study throws light on the leading segments and regions of the global panic disorders market. Furthermore, an in-depth analysis of the competitive landscape of the global market has been presented to guide the new entrants of the market.
The rising prevalence of anxiety and mental disorders, the rising awareness regarding the disorders, and the availability of effective treatment options are some of the vital factors that are estimated to fuel the growth of the global panic disorders market throughout the forecast period. The rising initiatives being taken by the leading players to create an understanding among consumers is expected to accelerate the growth of the market in the near future.
On the other hand, the lack of awareness, especially in underdeveloped and developing economies regarding the severity of these disorders if not treated is one of the key factors likely to restrict the growth of the overall market in the coming years. Nonetheless, at present, several drugs are in different phases of clinical trials, which are expected to be commercialized soon are projected to encourage the growth of the market.
Among the key regional segments, North America is predicted to lead the global panic disorders market and hold a massive share in the forecast period. The high growth of this region can be attributed to the presence of a large number of players and the growing awareness among consumers regarding the availability of effective therapeutics for panic disorders. Furthermore, Europe is expected to remain in the second position throughout the forecast period.
On the other hand, Asia Pacific is projected to witness robust growth in the near future, thanks to the untapped lucrative opportunities for the key players. In addition, the rising purchasing capacity of consumers is expected to encourage the growth of the market in the next few years. India and China are anticipated to contribute significantly towards the growth of the panic disorders market in Asia Pacific.
The global market for panic disorders is highly competitive in nature, owing to the presence of a large number of players operating in it. Some of the key players in the market are H. Lundbeck A/S, Bristol-Myers Squibb Company, Actavis plc, Boehringer Ingelheim GmbH, Sanofi, Eli Lilly and Company, GlaxoSmithKline plc, Neurocrine Biosciences, Inc., F. Hoffmann-La Roche Ltd., Mylan, Inc., Valeant Pharmaceuticals International, Inc., AstraZeneca plc, and Pfizer, Inc.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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