SEATTLE, May 10, 2021, (MEDGADGET) — Overview:
Seasonal affective disorder (SAD) has been identified and included in the diagnostic classification system of the Diagnostic and Statistical Manual for Mental Disorders, Fourth Edition, as a major depressive disorder with seasonal pattern. Seasonality, means that climate change is having a profound effect on people all over the world. Moreover, increasing incidence of seasonal affective disorder is expected to boost the global seasonal affective disorder market growth. For instance, according to an article published by the National Center for Biotechnology Information (NCBI), in October 2020, reports that around 14% of the adult in the U.S. population suffers from a lesser form of seasonal mood changes, known as winter blues.
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The global seasonal affective disorder market is estimated to be valued at US$ 544.7 million in 2020 and is expected to exhibit a CAGR of 5.5% during the forecast period (2020-2027).
Global Seasonal Affective Disorder Market – Impact of Coronavirus (COVID-19) Pandemic
The coronavirus epidemic (COVID-19) and the lockdowns of various countries around the world have had an impact on the financial situation of businesses in all sectors. Private healthcare is one such sector, most affected by the COVID-19 epidemic.
The lockdown in various countries due to the epidemic has put an economic burden on the healthcare sector. However, the coronavirus epidemic has disrupted the development, production, and supply of drugs and other health products and has affected the growth of health care businesses in various companies around the world.
As a result, the impact of the COVID-19 epidemic is also expected to limit the growth of the global seasonal affective disorder market during the forecast period.
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Drivers:
Rising cases of seasonal affective disorder is expected to drive growth of the global seasonal affective disorder market.
Increasing cases of seasonal affective disorder is expected to propel growth of the global seasonal affective disorder market over the forecast period. For instance, according to an article published by the Royal College of Psychiatrists, in April 2015, reports that around 3 out of 100 people had significant winter depressions in the U.K.
Regional Analysis:
Rising cases of seasonal affective disorder (SAD) in North America is expected to boost global seasonal affective disorder market growth.
North America is expected to hold a high position in the global seasonal affective disorder market, due to an increase in the number of the seasonal affective disorder (SAD) in the region. For instance, according to an article published by the Boston University, in October 2019, reports that 10 million U.S. populace are affected by seasonal affective disorder, with women 4 times more likely to be diagnosed than men.
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Restraints:
Side effects of seasonal affective disorder medication such as Bupropion is expected to hinder the global seasonal affective disorder market growth. For instance, according to an article published by the National Center for Biotechnology Information (NCBI), in October 2020, reports that the drug Bupropion, which is approved by the U.S. FDA exhibit several side effects such as ophthalmologic including blurred vision; central nervous system including insomnia, headache, agitation, dizziness; dermatologic such as diaphoresis, and others.
Market Segmentation:
- By Type: Fall & Winter Seasonal Affective Disorder, Spring & Summer Seasonal Affective Disorder, Others.
- By Treatment: Light Therapy, Medications, Psychotherapy, Counselling, Others.
- By End User: Hospitals, Clinics, Research Institutes, Others.
Key Players
Some of the key players operating in the global seasonal affective disorder market such as Pfizer, Inc., Johnson & Johnson Services Inc., GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd., Sanofi, AbbVie Inc., Eli Lily and Company, Novartis AG, Mylan, Inc., F. Hoffmann-La Roche AG, Bausch Health, Allergan, Koninklijke Philips N.V., Bristol-Myers Squibb, Bayer AG, and Henry Schein Inc., among others.
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