The increase in using new therapies and treatments is expected to make the depression screening market grow. More and more research and funding are going into creating new and improved ways to help people with mental health disorders. Pharmaceutical companies are doing a lot of research, and this has led to the approval of new medications by the FDA, which means better care for patients with depression.
Scientists are also trying out new and creative ideas, like combining different therapies with new or existing drugs. This has resulted in a lot of potential treatments for depression being tested. For example, in July 2022, Abbott, a company in the United States, got approval from the FDA to explore using a deep brain stimulation system to treat depression that doesn't respond to other treatments.
The government and international healthcare organizations are also giving a lot of support for research and development. This backing is creating many opportunities in the market for depression treatment. So, the increase in research and funding is driving the growth of the global depression screening market.
The growth of the depression screening market is connected to the efforts to find better ways to help people with mental health disorders. Pharmaceutical companies are playing a big role in this by doing more research. When the FDA approves a new medication, it means that the medication has met certain standards and is safe and effective for treating depression. This approval allows doctors to use these medications to provide better care for their patients.
Scientists are not just sticking to traditional methods; they are exploring new and innovative ideas. One exciting approach is combining different therapies with drugs, either new ones or ones that already exist. This creative thinking has led to a lot of potential treatments for depression. For example, Abbott, a company in the United States, is looking into using a deep brain stimulation system to treat a type of depression that doesn't get better with other treatments. This shows how researchers are exploring different avenues to find effective solutions.
The government and international healthcare organizations are also getting behind these efforts by providing support in the form of funding. This financial backing is crucial for carrying out research and developing new treatments. It's like giving researchers the resources they need to explore different possibilities. This support is creating many opportunities in the market for depression treatment. As more funding becomes available, more research can be done, and more innovative treatments can be developed.
In conclusion, the rise in adoption of new therapies and treatments for depression is driving the growth of the depression screening market. More research and funding are making it possible to develop better medications and explore creative approaches to treatment. The support from government and healthcare organizations is playing a vital role in creating opportunities for advancements in depression treatment. Overall, these efforts are contributing to improved care for individuals struggling with mental health disorders.
Report Attribute/Metric | Details |
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Segment Outlook | Indication, Diagnosis, End User, and Region |
Depression Screening Market size was valued at USD 0.67 billion in 2022. The Depression Screening Market industry is projected to grow from USD 0.69 billion in 2023 to USD 1.24 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.87% during the forecast period (2023 - 2032).
The growth of the depression screening market is attributed to the increasing prevalence of mental disorders, the rise in the adoption of new therapies and treatments, and the rising number of strategic initiatives.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Depression Screening Trends
The increasing prevalence of mental disorders across the globe is among the significant factors fueling the growth of the depression screening market. According to the World Health Organization (WHO), there has been a 13% increase in mental health conditions and other depressive disorders in the last decade. Similarly, according to the US Department of Health and Human Services (HHS), in 2020, it is estimated that 4.1 billion adolescents ages 12 and 17 had a major depressive episode, and 2.9 billion had a major depressive episode with severe impairment.
Therefore, the rising number of patients with related disorders is contributing to the growth in the global market. Additionally, several factors such as demographic changes, environmental conditions, and increasing mental stress are also resulting in rising mental health disorders, thereby fueling the market growth during the forecast period.
Depression Screening Segment Insights
Depression Screening Indication Insights
The Depression Screening Market segmentation, based on indication, includes major depressive disorder, anxiety distress, bipolar disorder, psychotic disorders, and others. The major depressive disorder segment held the majority share in the market in 2022. Major Depressive Disorder (MDD) is a debilitating disease also referred to as unipolar depression or clinical depression. It occurs more frequently in women than in men. The factors that influence MDD are environmental factors (physical, emotional, and sexual abuse during the childhood period), disturbances in neurobiological stress-responsive systems, and family history. Furthermore, the COVID-19 pandemic also led to an increment in MDD globally owing to a surge in stress and anxiety caused by the fear of infection and lockdowns. For instance, in 2020, according to the Institute of Health Metrics and Evaluation, the global prevalence and burden of MDD in 204 countries and territories were 193 million, and additional cases of MDD due to COVID-19 were 53.2 million. Among the additional cases, there were 17.7 million males and 35.5 million females suffered from the disease. Females are disproportionately affected by MDD because they are more likely to be influenced by socioeconomic consequences, and children are also seen to be disproportionately affected, which increases the rate of depression, fueling the growth of the MDD segment.
Depression Screening Diagnosis Insights
The Depression Screening Market segmentation, based on diagnosis, includes psychological tests, blood tests, pharmacogenomic testing, and others. The psychological tests segment dominated the market in 2022. Psychological tests for depression include the Mood Disorder Questionnaire (MDQ), patient health questionnaire, Beck Depression Inventory (BDI), Zung self-rating depression scale (SDS), Centre for Epidemiologic Studies-depression scale (CES-D), Hamilton Rating Scale for Depression (HRSD), and others. The MDQ and hypomania checklist-32 (HCL-32) are utilized for the screening of bipolar disorder in primary care settings. Patient Health Questionnaire (PHQ) is used for MDD, in which PHQ-9 scores of 10 have a sensitivity of 88% and a specificity of 88% for MDD. The BDI indicates 0–9 for minimal depression, 10–18 for mild depression, 19–29 for moderate depression, and 30–63 for severe depression. SDS is mainly used for adults and is also convenient for identifying clinically depressive symptoms in the elderly. The CES-D scale ranges from 0 to 60, with higher scores indicating more depressive symptoms. The HRSD scale ranges from mild from 8–13, moderate from 14–18, severe from 19–22, and very severe >23.
Figure 2: Depression Screening Market, by Diagnosis, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Depression Screening End User Insights
The Depression Screening Market segmentation, based on end user, includes hospitals and clinics, home-based, and research and academic institutes. The hospitals and clinics segment dominated the market in 2022. Hospitals and clinics use a general screening tool that is full of PHQ-9, which is standard practice for physicians, nurse practitioners, and licensed behavioral health providers. It has been shown in several studies that hospitals and clinics mostly use this test to improve health services, provide quality care, and improve health outcomes for medically underserved populations discharged from the hospital.
Depression Screening Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. The North America depression screening market accounted for the largest market share in 2022. Key factors attributed to its large share include developed healthcare infrastructure, increasing technological advancement regarding mental health, and the presence of many market players in the region. For instance, in November 2020, Janssen Pharmaceutical (US) announced its collaboration with Koa Health (US) to provide cost-effective digital treatment for depression-suffering patients and various therapies to strengthen its position in the global market. In addition, the easy availability of advanced diagnostics is also contributing to regional market growth. The rapid growth of the depression screening industry in the US coupled with technological advancements in the depression screening industry provides continuous progress in the field of mental health.
Further, the major countries will be study are US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: DEPRESSION SCREENING MARKET BY REGION 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe depression screening market accounted for the second-largest market share due to growing prevalence of different types of depressive disorders amongst individuals, and the rising awareness of treating these depressive diseases. Furthermore, the Germany depression screening market is attributed to hold the largest market share, and the France depression screening market is projected be the fastest growing market in the Europe region.
The Asia-Pacific depression screening market is expected to be the fastest growing from 2023 to 2032 due to increase in disposable income of individuals, increasing funds in research activities, and rising prevalence of mental disorders. Moreover, China depression screening market accounted to hold the largest market share, and the India depression screening market is projected to be the fastest growing market in the Asia-Pacific region.
Depression Screening Key Market Players & Competitive Insights
The Depression Screening Market is extremely competitive, with players competing, partnering, and investing heavily in R&D to gain a significant market share. The market is moderately fragmented with rising competition, product launches, increasing collaborative partnerships, and other strategic decisions to achieve operational efficiency.
The business model developed by manufacturers in the Depression Screening Market includes manufacturing high-quality pharmaceutical products. Mergers and collaborations were also observed to expand the company's product portfolio, as well as introduce new products. The growth of prominent industry players is dependent on various factors, such as market conditions, government support, and industry development. Key manufacturers in the depression screening market are focusing on developing drugs with advanced technologies. It is also projected that rising global R&D initiatives and healthcare expenditure will boost the market's growth in the upcoming future.
Medtronic (Ireland) is a global healthcare solutions company committed to improving people's lives through medical technologies, services, and solutions. With Covidien, the company has accelerated and advanced its ability to create meaningful innovations for hospitals, health systems, and healthcare providers to deliver the best care possible to patients and their families worldwide. The company's businesses majorly fall into four groups the Cardiac and Vascular Group (CVG), the Restorative Therapies Group (RTG), the Diabetes Group, and the Minimally Invasive Therapies Group (MITG). It operates in over 370 locations across almost 150 countries. Medtronic has been awarded more than 4,600 patents.
Moreover, In August 2022, Medtronic (Ireland) launched SenSight directional lead system for deep brain stimulation therapy in India.
Key Companies in the depression screening market includes.
Depression Screening Industry Developments
Depression Screening Segmentation
Depression Screening Indication Outlook
Depression Screening Diagnosis Outlook
Depression Screening End User Outlook
Depression Screening Regional Outlook
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