Number of pages: 100 | Report Format: PDF | Published date: 17 March, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
Report Attribute |
Details |
Market size value in 2022 |
US$ 1,048.45 million |
Revenue forecast in 2031 |
US$ 1,511.67 million |
Growth Rate |
CAGR of 4.68% from 2023 to 2031 |
Base year for estimation |
2022 |
Forecast Period |
2023-2031 |
Historical Year |
2021 |
Segments covered |
Drug Class, Patient Type, Distribution Channel, and Region. |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global post traumatic stress disorder market was valued at US$ 1,048.45 million in 2023 and is expected to register a revenue CAGR of 4.68% to reach US$ 1,511.67 million by 2031.
Market Fundamentals
Post traumatic stress disorder (PTSD), also known as shell shock or battle fatigue syndrome, is a serious condition that can develop when a person has experienced a traumatic situation and involves substantial physical damage or threat. PTSD is a long-term effect of traumatic experiences that evoke great fear, helplessness, or terror. Sexual or physical assault, unexpected loss of a loved one, an accident, war, or natural disaster are some experiences that might trigger post traumatic stress disorder.
PTSD is diagnosed after one month of the stressful incident. To rule out physical disease, the physicians undertake a medical history and physical examination. If no physical ailment is discovered, the patient will be referred to a psychiatrist, psychologist, or another mental health expert who is uniquely qualified to diagnose and treat mental disorders.
Post-traumatic stress disorder symptoms might occur within one month of a stressful experience, but they can also appear later. These symptoms produce substantial challenges in social or occupational situations. They can also impair the capacity to carry out daily responsibilities. There are four categories of PTSD symptoms intrusive memories, avoidance, unfavourable changes in thought and attitude, and changes in physical and emotional reactions. The symptoms may vary from person to person.
[56756]
Market Dynamics
The global post traumatic stress disorder market primarily is driven by the increasing incidences of post traumatic stress disorder. There are several factors for the increasing prevalence of post traumatic stress disorder (PTSD), including greater awareness and diagnosis of the condition, increased exposure to traumatic events, and improved understanding of the long-term effects of trauma on mental health. According to Web MD, PTSD affects around 3.6% of adult Americans (5.2 million people) every year. PTSD may occur at any age, even during childhood. Women are more prone than males to suffer PTSD.
The presence of many pipeline drugs for post traumatic stress disorders is anticipated to increase the global post traumatic stress disorder market. For instance, Tonix Pharmaceuticals, a clinical-stage biopharmaceutical company announced that its TNX-102 SL drug has entered phase 2 of clinical trials. TNX-102 SL is a patented sublingual tablet formulation of cyclobenzaprine hydrochloride that allows quick transmucosal absorption and decreased generation of a long half-life active metabolite, norcyclobenzaprine, due to bypass of first-pass hepatic metabolism. Similarly, JZP150 by Jazz pharmaceuticals is an investigational small molecule that is being developed for the treatment of post traumatic stress disorder (PTSD) in adults. The drug is currently in phase 2 clinical trials. It is designed to specifically inhibit the enzyme fatty acid amide hydrolase (FAAH). Fear extinction impairments contribute to the persistence of traumatic memories in those suffering from PTSD.
Collaborations among top players are also increasing the global post traumatic stress disorder market potential. For instance, in September 2022, Sunstone Therapies, a company that treats the psychological effects of cancer, is collaborating with the Multidisciplinary Association for Psychedelics Studies (MAPS) to conduct a clinical trial testing the safety and tolerability of MDMA-assisted therapy for patients with treatment-resistant post traumatic stress disorder (PTSD). The U.S. Food and Drug Administration (FDA) has permitted MAPS to start an enhanced access program for a limited patient group.
However, the side effects of post traumatic stress disorder treatments, such as drug addiction, are projected to limit growth during the forecast period.
Market Ecosystem
The global post traumatic stress disorder market is analyzed from five perspectives: Drug Class, Patient Type, Distribution Channel, and Region.
Post Traumatic Stress Disorder Market by Drug Class
[235345]
Based on drug class, the global post traumatic stress disorder market is segmented into antipsychotics, antidepressants, anti-anxiety, and others.
The antidepressants segment has dominated the global post traumatic stress disorder market. Antidepressants are effective in reducing the symptoms of post traumatic stress disorder (PTSD), including anxiety and sleeplessness. They function by altering the levels of neurotransmitters linked to mood regulation and stress response in brain. In addition, they can benefit patients by enhancing their general quality of life by helping them to lift their moods. Steraline and paroxetine are common antidepressants prescribed to treat PTSD. Moreover, the segment will continue to dominate in the forecast period as antidepressants are recommended as first-line treatment for post traumatic stress disorder.
Moreover, the demand for antipsychotics is also increasing. Antipsychotics have been found to reduce symptoms of anxiety, aggression, and hyperarousal in individuals with post traumatic stress disorder. Additionally, they may improve sleep and overall quality of life for those affected by post traumatic stress disorder.
Post Traumatic Stress Disorder Market by Patient Type
Based on patient type, the global post traumatic stress disorder market is segmented into children and adults.
The adult segment has accounted majority of the global post traumatic stress disorder market revenue share. Adults are more likely to develop post traumatic stress disorder (PTSD) due to their exposure to a wider range of traumatic events. Additionally, adults may have a harder time recovering from trauma due to increased responsibilities and stress in their daily lives. According to the U.S. Department of Veterans Affairs in 2023, around 5 out of every 100 individuals (or 5%) in the United States suffer from post traumatic stress disorder. Around 13 million people were diagnosed with PTSD in 2020. Women are more prone than males to suffer PTSD. PTSD affects around 8 out of every 100 women (or 8%) and 4 out of every 100 males (or 4%). Post traumatic stress disorder can have a significant impact on an individual's daily life, causing symptoms such as flashbacks, nightmares, and avoidance behaviors. Adults with post traumatic stress disorder need to seek treatment and support to manage their symptoms and improve their quality of life.
However, the children segment is anticipated to increase in the forecast period owing to increasing incidences of PTSD among children. Children are experience PTSD due to a variety of traumatic events such as abuse, neglect, natural disasters, or witnessing violence. PTSD can have a significant impact on their emotional and behavioral well-being, and early intervention is crucial for their recovery. The According to the American Academy of Child and Adolescent Psychiatry in 2022, about 15-43% of girls and 14-43% of boys experience at least one traumatic event, and among them, about 3-15% of girls and 1-6% of boys develop post traumatic stress disorder (PTSD).
Post Traumatic Stress Disorder Market by Distribution Channel
Based on end user, the global post traumatic stress disorder market is segmented into hospitals & clinics, home care, and others.
The hospitals & clinics segment accounted for a prominent revenue share in 2022. This is attributed to hospitals and clinics providing better treatment for post traumatic stress disorder due to the advancements in medical research and technology, which have led to the development of more effective therapies and medications. Additionally, there is now a greater understanding of the impact of trauma on mental health, leading to more specialized care for those suffering from PTSD.
Post Traumatic Stress Disorder Market by Region
Based on the region, the global post traumatic stress disorder market is segmented into North America, Europe, Asia Pacific, Latin America, & the Middle East & Africa.
North America dominated the post traumatic stress disorder market with the largest revenue share. This is due to the rising prevalence of post traumatic stress disorder in North America. Additionally, an increase in research and development efforts, and the existence of strong and established market competitors throughout the area is increasing the post traumatic stress disorder market.
Europe has the second-largest market share for post traumatic stress disorder, owing to increased awareness about therapeutic availability and efficacy, as well as initiatives from government and non-government organizations to strengthen and develop healthcare infrastructure, as well as a favorable reimbursement system.
Over the forecast period, the Asia Pacific post traumatic stress disorder market is predicted to develop at the fastest rate. The significant growth rate can be due to the increasing burden of disorder and the increasing number of individuals seeking mental health care from doctors. Positive improvements such as government healthcare benefits, increasing population awareness, and higher desire to seek medical treatment are also projected to grow the market in Asia Pacific.
Competitive Landscape
The post traumatic stress disorder market has a moderately competitive global market due to new product introductions, mergers, and acquisitions. The launch of new devices, securing permission for such items, and participating in other activities such as awareness initiatives are some of the primary development tactics that many organizations are focusing on. Furthermore, the market classified technological advancement and easy accessibility as superior growth strategies.
Some of the prominent companies having the largest revenue share in the global post traumatic stress disorder market are,
Strategic Developments
The global post traumatic stress disorder market is expected to grow at a revenue CAGR of 4.68% in the forecast period.
Pfizer, Inc., Aurobindo Pharma Limited, Merck KGaA, and GlaxoSmithKline Plc are a few key players in the global post traumatic stress disorder market.
The antidepressants segment has the largest revenue share in the global post traumatic stress disorder market.
Asia Pacific region is expected to observe the highest global post traumatic stress disorder market growth in the forecast period.
The global post traumatic stress disorder market was valued at US$ 1,048.4 million in 2023.
*Insights on financial performance are subject to the availability of information in the public domain
Using the fundamental research and knowledge services capabilities of GRG Health, Growth Plus Reports may now be tailored based on client needs.
GRG Health's unique GrowthMIX strategy and comprehensive research methodology enable us to provide unique and valuable insights to our clients while uncovering trends that would not be discovered using traditional techniques.