Agoraphobia diagnosis and treatment market is significantly fueled by aspects like expanding incidence of stress, sedentary lifestyles, genetic disposition, growing screening and awareness, substance abuse, lack of affection in relations, worsening health standards in the modern lifestyles, etc. The factors that restrict the market growth include low focus and penetration of mental health in society, inclination to hide mental ailments, unwillingness to treatment and therapy, social stigma related to psychotherapy, etc. Cognitive behavioral cure is the key psychotherapy for agoraphobia.
Agoraphobia refers to the anxiety related to situations or places that causes panic stricken behavior accompanied by a feeling of being helpless or trapped. The situation might be real or imaginary such as traveling a public conveyance, being present in an enclosed space or being surrounded by a crowd. Symptoms and signs of a panic attack in agoraphobia include troubled breathing, increased heart rate, dizziness, chest pain, feeling of loss of control, excessive sweating, and fear of dying.
Agoraphobia treatment market and concluded that Agoraphobia diagnosis and treatment market is likely to attain $800 mn by the conclusion of 2023. The market is anticipated to develop at a CAGR of 4.3 % over the forecast period 2017-2023.
The US market represents a major share of global Agoraphobia treatment sector owing to the outstanding reimbursement set-up, surged outlay on healthcare, and favorable insurance programs. The faster market approval of novel devices and technologies in the US is also a significant driver of the global market for agoraphobia diagnosis and treatment.
The European market holds the second largest share owing to the affluence of the population and their rising awareness about mental health. The Middle East & Africa market is dominated by the Gulf nations specifically UAE and Saudi Arabia.
The global agoraphobia market is segmented based on therapy, end-users, and drug treatment. Based on therapy, the market is segmented into exposure therapy, cognitive behavioral therapy (CBT), psychotherapy, and others.
Based on the end users, the market is segmented into academics, clinics, hospitals, and others. Based on drug treatment, the market is segmented into norepinephrine reuptake inhibitors, selective serotonin reuptake inhibitors, anti-anxiety medications, tricyclic antidepressants, and others.
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Global Agoraphobia market is largely dominated by renowned players such as Eli Lilly & Co., Bristol-Myers Squibb, AstraZeneca, GlaxoSmithKline plc, Sandoz Inc., Pfizer inc, Mylan Pharmaceuticals Inc., and Apotex Corp.
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