Global Anti Anxiety Drugs Market Size, Share and Trends Analysis Report, By Drug Type (Alprazolam, Clonazepam, Chlordiazepoxide, Diazepam, Lorazepam, and Other), By Distribution Channel (Offline Pharmacy, and Online Pharmacy), Forecast Period (2022-2028)

The global anti anxiety drugs market is anticipated to grow at a CAGR of 3.4% during the forecast period (2022-2028). Increased sales of anti-anxiety medications have resulted from a rising frequency of phobias, social anxiety disorders, and other anxiety disorders in both developed and emerging nations. For instance, anxiety disorders are the most frequent mental ailment in the US, affecting about a million individuals yearly, according to the Anxiety and Depression Association of America.

Mental health issues are becoming more common among adults and children around the globe, owing to the enormous financial and emotional toll they take on people, families, and society as a whole. This will eventually have a financial impact. According to the World Health Organization (WHO), the cost of mental health problems in developed nations ranges from 3% to 4% of GDP. As a result, the goal of reducing the economic burden of such diseases is likely to drive product demand, assuring early management of anxiety. For instance, in May 2021 The PALISADE-1 Phase 3 trial, a randomized, double-blind, placebo-controlled research to examine the efficacy and safety of PH94B for the acute treatment of anxiety in individuals with social anxiety disorder, has begun, according to VistaGen Therapeutics Inc., a biopharmaceutical business.

Globally, research and development for better patient care for mental health diseases are speeding up. An increase in the pipeline candidates for anxiety disorders and treatment has resulted from innovative trials leading to combination therapies using novel or current medication molecules. Due to growing patient visits and sales of prescription-based medications for the treatment of anxiety disorders, primarily MDD, the hospital pharmacy industry has the lion’s share globally. Due to the increasing presence of online pharmacies in emerging nations, the online pharmacy market is likely to increase significantly over the forecast period.

Some major players in the market include Amneal Pharmaceuticals Inc., Cadila Healthcare Ltd., Endo International Plc, Jazz Pharmaceuticals Plc, Sun Pharmaceutical Industries Ltd, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, Sun Pharmaceutical Industries Ltd offers Lonazep, available in 4 strengths. It’s a drug that’s used to treat epilepsy (seizures) and anxiety. It helps to calm the brain by reducing aberrant and excessive nerve cell activity.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Drug Type
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Amneal Pharmaceuticals Inc., Cadila Healthcare Ltd., Endo International Plc, Jazz Pharmaceuticals Plc, Sun Pharmaceutical Industries Ltd, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Anti Anxiety Drugs Market Report by Segment

By Drug Type

• Alprazolam
• Clonazepam
• Chlordiazepoxide
• Diazepam
• Lorazepam
• Other

By Distribution Channel

• Offline Pharmacy
• Online Pharmacy

Global Anti Anxiety Drugs Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa