Sertraline Hcl import and export are predicted to increase, which is a key trend in the market and would likely fuel expansion over the forecast period. For instance, data from Voleba, which offers an export-import data service to support businesses engaged in import-export activities, revealed that the total value of sertaline Hcl exports from India to foreign nations in July–September 2018 was US$ 196.1 million, an increase of 491.277% from July–September 2017 with an export quantity of 5,499 units.
Impact
Key industry stakeholders were affected by the COVID-19 pandemic’s significant disruptions to clinical trial execution in the United States. Due to staff layoffs, social-distance protocols, financial losses, and patient safety concerns, investigative site capacities underwent upheaval. Sponsors, CROs, and other drug development-related businesses have transitioned to remote working arrangements. The U.S. FDA recently stated that the impact of COVID-19 may require organisations conducting clinical trials to explore virtual patient visits or implement new processes in lieu of existing protocols. As a result, there are additional possibilities for using remote healthcare, such as running virtual or decentralised studies, using site-less clinical trials, or using other unconventional strategies that do not require in-person visits.
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Additionally, it is anticipated that rising government initiatives to improve mental health assistance would contribute to the expansion of the sertraline HCl market globally during the course of the projected year. For instance, the Department of Health and Human Services (HHS) announced nearly US$35 million in funding opportunities in March 2022 through the Substance Abuse and Mental Health Services Administration (SAMHSA) and the Office of Minority Health (OMH) to strengthen and expand community mental health services and suicide prevention programmes for children and young adults in America.
Key Takeaways
A CAGR of 7.1% is anticipated for the worldwide sertraline HCl market during the forecast period due to the rising prevalence of mental disorders, which is anticipated to boost the market’s growth. For instance, data from Elsevier Inc. published in November 2021 estimates that there were 193 million (167-224) people worldwide in 2020, or 2470 cases (95% UI 2143–5-2870) per 100,000 people, of major depressive illness.
Due to the rising number of patients receiving treatment for mental illness, hospital pharmacies are anticipated to have a leading position in the worldwide sertraline HCl market during the course of the projected period. For instance, the National Alliance on Mental Illness, a nonprofit organisation with headquarters in the United States, reported that 46.2% of American people with mental illness received treatment in 2020.
Due to rising antidepressant costs, the Asia Pacific region is anticipated to experience the highest CAGR in the worldwide sertraline HCl market throughout the forecast period. For instance, data from Frontiers Media S.A. published in July 2020 showed that spending on antidepressants increased from 48.0 million Chinese Yuan (US$ 7.3 million) in 2013 to 64.8 million Chinese Yuan (US$ 6.9 million) in 2018.
Alpic Biotech, Pfizer Inc., Wockhardt, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical, Novartis AG, Mylan N.V. (a division of Viatris Inc.), Accord Biopharma, Camber Pharmaceuticals, Apotex Inc., Lupin, Aurobindo Pharma USA, and InvaGen are significant market participants in the sertraline HCl market.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Sertraline HCl Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Sertraline HCl Industry Impact
Chapter 2 Global Sertraline HCl Competition by Types, Applications, and Top Regions and Countries
2.1 Global Sertraline HCl (Volume and Value) by Type
2.3 Global Sertraline HCl (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Sertraline HCl Sales, Consumption, Export, Import by Regions (2017-2023)
Chapter 5 North America Sertraline HCl Market Analysis
Chapter 6 East Asia Sertraline HCl Market Analysis
Chapter 7 Europe Sertraline HCl Market Analysis
Chapter 8 South Asia Sertraline HCl Market Analysis
Chapter 9 Southeast Asia Sertraline HCl Market Analysis
Chapter 10 Middle East Sertraline HCl Market Analysis
Chapter 11 Africa Sertraline HCl Market Analysis
Chapter 12 Oceania Sertraline HCl Market Analysis
Chapter 13 South America Sertraline HCl Market Analysis
Chapter 14 Company Profiles and Key Figures in Sertraline HCl Business
Chapter 15 Global Sertraline HCl Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology
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