An estimated 1.5 billion people around the world have been asked to practice social distancing amid the outbreak of coronavirus (COVID-19) that has caused the deaths of more than 69,000 people. The rapid spread of the disease, escalation of pulmonary symptoms, financial disruption, travel restrictions and social isolation have been cited as a catalyst for increased prevalence of mental disorders such as depression across a variety of age groups, says GlobalData, a leading data and analytics company.
Magdalene Crabbe, Pharma Analyst at GlobalData, comments:
Sales of drugs for psychiatric disorders such as depression, anxiety and obsessive compulsive disorder are expected to reach $27.4bn in 2020 – an increase of $717m from the previous year. Sales are then expected to increase from $27.4bn in 2020 to $40.9bn in 2025, growing at a compound annual growth rate (CAGR) of 8.4%...
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