Post Traumatic Stress Disorder Market Overview
Post Traumatic Stress Disorder or PTSD is an abnormal state of mind due to highly unpleasant life-threatening incidents such as sexual assault, terrorist attack, natural disaster, accident, military combat and more. People living with PTSD can return to a normal mental state within a short period or the symptoms can be severe and last for a long period. Flashbacks of the traumatic event or nightmares are the common symptoms of PTSD. PTSD market is made of the therapeutic means to cure it. The value of the global Post Traumatic Stress Disorder market is expected to reach USD 1.3 Billion by 2028. In the forecast period 2021-2028, this market is projected to register a CAGR of 4.14%, says Market Research Future (MRFR).
The increasing prevalence of sexual assaults, cross-border tensions, terrorist attacks, natural disasters and other traumatic events is driving the growth of the PTSD market. In many countries, rehabilitation programs for injured military personnel are also a growth driver for this market. Many new launches of drugs and the development of new therapies and technologies to treat PTSD symptoms by major players in the industry are also giving a boost to the PTSD market. They are likely to sustain this growth in the forecast period.
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Lack of information and awareness about PTSD among a large section of the world population is hampering the growth of the PTSD market. Moreover, the high prices of the drugs for PTSD and uncertainty about the side effects of such drugs is also likely to restrain the growth of PTSD market in the forecast period.
Post Traumatic Stress Disorder Market Segmentation
The global PTSD market is divided into based on medication, therapy, application and end usage.
The PTSD market is segmented into anti-depressants and anti-anxiety drugs in terms of medication. The anti-depressants are further subdivided into tricyclic anti-depressants, MAO inhibitors, SSRIs and SNRIs. The anti-anxiety drugs are further categorised into benzodiazepines and beta-blockers. The medication segment is the largest in the PTSD market.
The PTSD market is divided into cognitive therapy, exposure therapy, eye movement desensitisation and reprocessing, and PTSD therapeutics. Cognitive therapy is the biggest segment. As per a survey, about 55% of PTSD patients attend cognitive therapy sessions.
In terms of application, PTSD market is segmented into children and adults. Increasing incidences of sexual assaults and other crimes against children are contributing to the high growth of this segment.
In terms of end usage, PTSD market is divided into hospitals, clinics, and ambulatory surgical centres. Hospitals and Clinics make up the largest segment because these establishments are the main centres for diagnosis, treatment and rehabilitation of PTSD patients.
Post Traumatic Stress Disorder Market Regional Segmentation
The global PTSD market is divided into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. North America is the largest market mainly due to increasing awareness of PTSD coupled with a high frequency of sexual assaults, physical violence, child abuse and more. The Asia Pacific is likely to register high growth in the forecast period, mainly due to increased accidents and other traumatic events.
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The anti-depressant nasal spray Spravato got the fastest approval from US FDA. Janssen Pharmaceuticals have developed it.
ATAI Life Sciences announced the formation of a subsidiary focused on developing MDMA derivatives to treat PTSD.
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