Depression is the fourth leading disease in the world and is expected to become the first by 2030. However, the medical prevention and treatment of depression in China is still of low recognition rate, which is less than 20% of Chinese hospitals at all levels. Moreover, less than 20% of Chinese patients suffering from depression have received related medication.

According to the WHO, more than 350 million people worldwide suffer from depression, with a growth rate of about 18% in the last decade.

As is estimated, by 2021, the number of patients with depression in China is about 95 million. But its underdiagnosis rate of depression is over 90% due primarily to the low popularization rate of mental illness science, cultural discrimination against sufferers, the backwardness of psychiatric medical technology and insufficient medical resources.

Currently, the treatment for depression is mainly antidepressant medication, supplemented by psychotherapy or physical therapy.

Escitalopram is an antidepressant of the selective serotonin reuptake inhibitor class that is mainly used to treat depressive disorder, generalized anxiety disorder or anxiety disorder with agoraphobia.

Escitalopram was originally developed by H.Lundbeck A/S under the trade name of Lexapro^®, which was first marketed in Sweden in 2001 and then in China in 2005 (distributed in China by Xi’an Janssen Pharmaceutical Co., Ltd.). Since 2008, generic drugs of escitalopram have been marketed by local Chinese companies.

Due to its high efficacy and safety, escitalopram entered the Chinese market earlier. and since it can treat depression and symptoms like panic in patients with anxiety disorders, escitalopram is widely used for clinical applications with great market potential.

According to CRI’s market research, as a result of the impact of COVID-19 and the decreasing average price, the sales value of China’s escitalopram market in 2020 declined to approximately CNY329 million (USD50.6 million), with a CAGR of about -1.9% from 2016 to 2020.

Since H. Lundbeck A/S’s Lexapro is more expensive than generic drugs in the Chinese market, its market share has been declining, with a market share of around 66% in 2020 and is expected to continue to decline from 2021 to 2025. Companies with a relatively large market share of escitalopram in China include Sichuan Kelun Pharmaceutical, Jewim Pharmaceutical, Hunan Dongting Pharmaceutical and Jinhua CONBA.

CRI expects that the number of depression patients in China will keep growing in the future due to increasing stresses of everyday life and changing interpersonal relationships resulted from factors like national economic development and rising urbanization. Suffering from depression is unfortunate, but if timely treatment is given, patients are able to return to normal life and work.

According to CRI’s prediction, thanks to the development of China’s economy and the transformation of social attitudes, people will gradually be aware of the hazards of depression and more patients will be willing to seek medical treatment as well as take antidepressant medication. From 2021 to 2025, it is likely to see a recovery increase in the market size of escitalopram in China.

Topics Covered:

• Impact of COVID-19 on China’s Escitalopram Market
• Development Environment of Escitalopram in China
• Sales Volume of Escitalopram in China
• Sales Volume and Value of Escitalopram in China by Region
• Major Escitalopram Manufacturers in China and Their Market Shares
• Sales Price of Escitalopram in China
• Major Escitalopram Producers in China
• Prospects of China’s Escitalopram Market, 2021-2025

The post Research Report on China’s Escitalopram Market, 2021-2025 first appeared on CRI Report.

Depression is the result of a complex interplay of social, psychological and physical factors. People who experience adverse events in their lives are more likely to develop depression. Depression can lead to greater stress and dysfunction, affecting the life of patients and exacerbating their depressive symptoms.

Depression is the fourth leading disease in the world and is expected to become the first leading one by 2030. However, the medical management of depression in China is still under-recognized, with less than 20% of depressed patients at all levels of hospital care and less than 20% of Chinese depressed patients receiving relevant medication. Moreover, the cases of depression and depression-caused suicides are at a younger age (college, and even primary and secondary school students). According to WHO, more than 350 million people worldwide are suffering from depression, with a growth rate of about 18% over the last decade. It is estimated that, by 2021, the number of people suffering from depression in China is about 95 million.

Current treatment for depression is mainly based on antidepressant medication, supplemented by psychotherapy or physical therapy. serotonin-norepinephrine reuptake inhibitors (SNRIs), as one of the used drugs, are antidepressants used to treat major depressive disorder and other psychiatric disorders.

Venlafaxine was the first approved SNRI inhibitor. It was originally developed by Wyeth, a subsidiary of Pfizer, under the trade name Effexor XR^®. The immediate-release form of venlafaxine for the treatment of depression was marketed in the United States in 1994, and later in 1997, the extended-release form of venlafaxine was approved by the FDA. The extended-release form has a smoother onset of action than the immediate-release form and reaches lower peak concentrations, thus causing fewer adverse effects.

According to CRI’s market research, in 1998, the generic drug of venlafaxine from Chengdu Kanghong Pharmaceutical Group, Venlafaxine Capsules (trade name: Bolexin^®) was launched in China, becoming the first domestic venlafaxine product. The original drug, Pfizer’s Effexor XR was not marketed in China until 2001, followed by a number of generic drugs from local Chinese companies. Although Effexor XR was late to enter China’s market, it still holds a major market share. In 2020, Effexor XR accounted for about 50% of the market share in China in terms of sales value.

According to CRI’s market research, in 2020, because of the impact of COVID-19, Chinese healthcare institutions could not function properly, making the sales value of venlafaxine decrease from that of 2019 to approximately CNY294 million (USD45.2 million), with a CAGR of approximately 7.4% from 2016 to 2020. China’s venlafaxine market is expected to see growth from 2021 to 2025 as COVID-19 is under control in China.

CRI expects that the rising stress of Chinese residents’ life brought about by the developing economy, rising urbanization, accelerated pace of work and changing interpersonal relationships, the number of depressed patients in China will continue to grow in the future, and the sales volume and value of antidepressants, including venlafaxine, will increase year by year in the Chinese market.

Topics Covered:

• Impact of COVID-19 on China’s Venlafaxine Market
• Development Environment of Venlafaxine in China
• Sales Volume of Venlafaxine in China
• Sales Volume and Value of Venlafaxine in China by Region
• Major Venlafaxine Manufacturers in China and Their Market Shares
• Sales Price of Venlafaxine in China
• Prospects of China’s Venlafaxine Market, 2021-2025

Global Depression Screening Market Research Report-Forecast to 2023

The post Research Report on China’s Venlafaxine Market, 2021-2025 first appeared on CRI Report.