Paroxetine Hydrochloride Market Share 2021 Growth Challenges, Opportunities and Future Trends 2027
The global paroxetine hydrochloride market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Paroxetine hydrochloride is an antidepressant drug known as an SSRI (selective serotonin reuptake inhibitor) which is used for the treatment of depression and sometimes for obsessive-compulsive disorder (OCD), panic attacks, anxiety or post-traumatic stress disorder (PTSD). The major factor for the growth of the market is the increasing prevalence of anxiety and depression.
According to the Anxiety and
Depression Association of America (ADAA), Anxiety disorders are the most common
mental illness that affects 40 million adults of age 18 and older or 18.1% of
the population every year while panic disorder affects 6 million adults or 2.7%
of the population in the US. Further, as per the National Institute of Mental
Health, almost 19.4 million adults had at least one major depressive episode
which represented 7.8% of all US adults in 2019. Additionally, females have a
high prevalence of major depressive episodes (9.6%) as compared to males
(6.0%). Hence, the rising prevalence of these diseases is creating lucrative
opportunities for the growth of the market during the forecast period.
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Some major players in the market include GlaxoSmithKline
plc, Merck KGaA, and Sun Pharmaceutical Industries Ltd., among others. The
market players are contributing significantly to the growth of the market by
the adoption of various strategies including mergers & acquisitions,
geographical expansion, partnerships and collaborations, and new product
launches, to stay competitive in the market. For instance, in September 2021,
Novitium launched an AB-rated generic version of Apotex’s Paxil (paroxetine
hydrochloride) oral suspension.
Market Coverage
• The
market number available for – 2020-2027
• Base
year- 2020
• Forecast
period- 2021-2027
• Segment
Covered-
·
By Type
·
By Application
• Regions
Covered-
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
•
Competitive Landscape- GlaxoSmithKline
plc, Merck KGaA, and Sun Pharmaceutical Industries Ltd., among others.
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full Report of Paroxetine Hydrochloride Market is Available at: https://www.omrglobal.com/industry-reports/paroxetine-hydrochloride-market
Global Paroxetine Hydrochloride Market Report by
Segment
By Type
• Purity:98-99%
• Above
99%)
By Application
• OCD
Treatment
• Anxiety
Treatment
• Others
Global Paroxetine Hydrochloride Market Report by
Region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
·
Latin America
·
Middle East & Africa
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