Depressive Disorders - Thailand

Thailand

Revenue in the Depressive Disorders market is projected to reach US$123.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.91%, resulting in a market volume of US$128.90m by 2029.
In global comparison, most revenue will be generated in the United States (US$6,263.00m in 2024).
In relation to total population figures, per person revenues of US$50.47 are generated in 2024.

Key regions: India, Europe, Japan, Canada, United Kingdom

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Analyst Opinion

The Depressive Disorders market in Thailand is experiencing significant growth and development.

Customer preferences: Customers in Thailand are increasingly seeking treatment for depressive disorders, which has led to a growing demand for medications and therapies. This can be attributed to several factors, including a greater awareness and understanding of mental health issues, as well as a decrease in the stigma associated with seeking help for mental health conditions. Additionally, the availability of a wide range of treatment options and the increasing affordability of these treatments have also contributed to the growing customer preference for addressing depressive disorders.

Trends in the market: One of the key trends in the Depressive Disorders market in Thailand is the increasing use of antidepressant medications. As more individuals seek treatment for depressive disorders, there has been a corresponding rise in the prescription and consumption of antidepressant drugs. This trend is expected to continue as the market expands and more people become aware of the benefits of medication in managing depressive symptoms.Another trend in the market is the growing popularity of alternative therapies for depressive disorders. Many individuals in Thailand are turning to non-pharmaceutical treatments such as psychotherapy, mindfulness-based therapies, and traditional Thai medicine to manage their symptoms. This trend reflects a shift towards a more holistic approach to mental health and a desire for personalized and holistic treatment options.

Local special circumstances: Thailand has a unique cultural context that influences the development of the Depressive Disorders market. The country's emphasis on holistic health and well-being has contributed to the popularity of alternative therapies for depressive disorders. Additionally, the Thai government has implemented various initiatives to promote mental health awareness and improve access to mental health services, which has further fueled the growth of the market.

Underlying macroeconomic factors: The growth of the Depressive Disorders market in Thailand is also influenced by several macroeconomic factors. The country's economic development and rising disposable incomes have made mental health treatments more affordable and accessible to a larger segment of the population. Furthermore, the increasing urbanization and changing lifestyles in Thailand have contributed to the higher prevalence of depressive disorders, driving the demand for treatments.In conclusion, the Depressive Disorders market in Thailand is experiencing significant growth and development due to increasing customer preferences for treatment, the rising use of antidepressant medications, and the popularity of alternative therapies. The unique cultural context and government initiatives in Thailand, as well as underlying macroeconomic factors, have also contributed to the growth of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on companies' revenues, international institutes data, and global consumer survey data. Revenues refer to the retail value and include sales taxes.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use financial reports and third-party data. Next, we use relevant key market indicators and data from country-specific associations such as healthcare spending per capita, medical product spending per capita, and gross domestic product per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, S-Curve function, ARIMA time series model and exponential curve function. Data is modeled using current exchange rates.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. GCS data is reweighted for representativeness.