11 June 2015

More non-drug trreatments used to address depression

While depression is on the rise, the global drug market is seeing a decline as sufferers turn to alternative treatments, says research firm Technavio.

Its report on the global depression drugs market forecasts a CAGR of -6.64% from 2015 to 2019. "The prevalence of depression has become very high because of factors like genetic vulnerability, lack of proper diagnosis and treatment and a high degree of association with other disorders like diabetes, stroke and cardiovascular diseases,” says Faisal Ghaus, Vice President of Technavio. 

"Many patients are opting for complementary and alternative medicines, in combination with conventional treatments. These therapies can include relaxation techniques, massage, meditation, counseling, and art therapy. Homeopathic and naturopathic medicines have also been found to be helpful in treating depression. These effective alternatives are expected to erode the market share of drugs currently being used for the treatment of depression over the projected period.”