The global seasonal affective disorder therapeutics market is estimated to witness potential growth during the forecast period. The major factors contributing to the growth of the market include the rising awareness regarding mental health and rising prevalence of seasonal affective disorder and depression. Rising insurance claims for mental health has shown emerging awareness regarding mental health. As per the Association of British Insurers (ABI), in 2017, mental health was the most common cause of claim on income protection policies in the UK. As a result, the ABI engage with the health and protection industry and charities to promote remarkable access to insurance for individuals suffering from mental health conditions.
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Emerging nations have also been started emphasizing on mental health owing to the increasing suicide rates. For instance, in India, the Insurance Regulatory and Development Authority of India (IRDAI) has directed the insurers to offer medical insurance to cover mental illness treatments. According to Sec 21(4) of the Mental Healthcare Act, 2017, every medical insurer will offer coverage to treat mental illness the same as available for the treatment of physical illness. In May 2018, this mental healthcare act 2017 came into appearance. These kinds of initiatives are supporting to increase awareness among people regarding mental health, which in turn, increases the demand for seasonal affective disorder treatment.
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Global Seasonal Affective Disorder Therapeutics Market Segmentation
By Disorder Type
By Treatment Type
Selective Serotonin Reuptake Inhibitors (SSRIs)
Monoamine Oxidase Inhibitors (MAOIs)
Norepinephrine-Dopamine Reuptake Inhibitors (NDRIs)
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Active Wearables GmbH
Aura Day Light
Bristol-Myers Squibb Co.
Carex Health Brands
Eli Lilly & Co.
F. Hoffmann-La Roche AG
H. Lundbeck A/S
Koninklijke Philips N.V.
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