Treatment Resistant Depression Market Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

 

Treatment Resistant Depression Market
Treatment Resistant Depression 

Depression is a mental condition characterised by persistent sadness and loss of interest. It has an impact on how patients feel, think, and behave, and it can lead to a variety of mental and physical problems. It is also referred to as major depression or clinical depression. Patients may find it difficult to perform daily tasks. Depression is a common and serious medical condition that has a negative impact on how people feel, think, and act. Patients suffering from depression experience melancholy and/or a loss of interest in previously enjoyed activities. It can result in a wide range of emotional and physical problems.

Key market players are involved in obtaining approvals for and launching novel treatment resistant depression drugs. Such approval and launch of novel drugs indicated for treatment resistant depression is expected to drive Treatment Resistant Depression market growth over the forecast period. For example, Denovo Biopharma LLC, a clinical-stage biopharmaceutical company focused on the development of biomarker-driven precision medicines, announced in January 2022 that the U.S. Food and Drug Administration (FDA) has authorised the company's investigational new drug (IND) application of DB104 (liafensine) for treatment-resistant depression (TRD) to proceed, allowing Denovo to begin a global Phase 2b clinical trial to assess the safety and efficacy.

Over the forecast period, the increasing prevalence of depression is expected to drive growth in the global treatment resistant depression market. For example, according to National Institute of Mental Health data published in January 2022, an estimated 21.0 million adults in the United States experienced at least one major depressive episode in 2020. In 2020, this figure represented 8.4% of all adults in the United States.

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