Steady Rise Expected in Depression Treatment Market Until 2034
The depression treatment market is valued at USD 11 billion in 2024. It is anticipated to grow at a CAGR of 5.2% during the assessment period and reach a value of USD 18.3 billion by 2034. T he depression treatment market continues to expand due to the increasing recognition of mental health as a critical component of overall wellness. Depression remains one of the most widespread and debilitating mental disorders globally, impacting individuals of all ages, genders, and socioeconomic backgrounds. As awareness surrounding the impact of mental health grows, so does the demand for effective, accessible, and personalized treatments for depression. The depression treatment market is supported by both public and private healthcare initiatives aimed at reducing the global burden of mental illness. A growing number of people are now seeking clinical help for their symptoms, leading to a surge in pharmaceutical prescriptions, psychological therapies, and innovative treatment options. Moreov...