Mushrooming Geriatric Population Fueling Expansion of Anxiety and DepressPosted by Pramod Arya on May 27th, 2021 According to the estimates of the market research company, P&S Intelligence, the market will advance at a CAGR of 3.3% from 2021 to 2030. The key factors driving the advancement of the market are the surging geriatric population and the growing public awareness about mental disorders and their treatments around the world. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/anxiety-and-depression-treatment-market/report-sample With increasing age, the chances of stress conditions in people surge sharply, which, in turn, pushes up the requirement for anxiety and depression treatment products and treatments. Geriatric people suffer from loss in various capabilities related to the functioning of the body. This when coupled with their reducing socioeconomic status makes them highly vulnerable to mental health issues such as depression and anxiety. Besides this, the growing public awareness about mental health issues is also driving the market advancement. Make an Enquiry Before Purchase:https://www.psmarketresearch.com/send-enquiry?enquiry-url=anxiety-and-depression-treatment-market In the U.S., the National Alliance on Mental Illness (NAMI), which is a mental health organization providing support, treatment, and education on mental illness, was set up in 1979. These initiatives and measures are massively propelling the demand for anxiety and depression products and treatment procedures all over the world. Depending on product type, the market is divided into devices and drugs. Between these, the drugs category held higher market share in the past. This is attributed to the growing prevalence of depressive ailments, the rapidly declining financial stability of people, and the surging number of individuals participating in screening tests for mental diseases. Globally, the anxiety and depression treatment market is predicted to register the fastest growth in the Asia-Pacific (APAC) region in the upcoming years. This will be because of various factors such as the growing incidence of anxiety and depression in the region. Therefore, it can be safely said that the market will exhibit rapid expansion across the world in the forthcoming years, primarily because of the growing prevalence of mental health diseases and the growing public awareness about these diseases and the treatment procedures available for these diseases. Like it? Share it!More by this author |