(PharmaNewsWire.Com, December 04, 2017 ) According to the Asia Pacific Psychiatry Therapies Market Research Report, the market was worth USD XX billion in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX billion by 2021.
Asia Pacific Psychiatry Therapies Market Overview: Psychiatry therapies fundamentally rely on establishing relationship between psychiatry therapist and patients for developing a patients behavioural insights. Psychiatry therapist use electrical shocks or psychological drugs to change the emotions of their patients. Verbal and Non-verbal communication with the patient and other physical intervention is also beneficial in the treatment of psychiatry patients. In addition, adjuvant therapies like occupational therapies and music therapies are also helpful during the treatment. All of these therapies aim to improve the well-being of patients by employing range of relationships and psychological techniques.
The key driving factor of Asia Pacific psychiatry therapies market is the rising prevalence of mental and emotional health issues. This rising incidence of psychological ailments is going to rise the demand for treatment, resulting in the growth of this market. Rising stress condition, emotional, physical and mental pressure among population is also increasing the demand of psychiatry therapies and resulting in the growth of psychiatry therapies market. In addition, rising chronic diseases and anxiety disorders will further drive the market of psychiatry therapies. However, the market is constrained by factors like strict regulations for practising psychotherapy by various governments.
Asia Pacific Psychiatry Therapies Market Overview: Asia Pacific Psychiatry Therapies market Segmentation by type into social psychology, abnormal psychology, biological psychology and others. By type of medication, the market is divided into antidepressants, antipsychotics, depressants, anxiolytics, mood stabilisers, stimulants and others. Antidepressants is expected to have the largest share in the segment, while stimulants is expected to grow at the fastest rate. By type of therapy, the market is segmented into counselling, cognitive behavioural therapy, family therapy, psychotherapy, group therapy, relationship counselling, interpersonal therapy, behavioural activation and others.
Asia Pacific Psychiatry Therapies market Geography by India, China, Japan, South Korea, Australia and other parts of the region. Asia Pacific has the third largest market for psychiatry therapy in the world by share. It is also the fastest growing region in the world, owing to factors such as rising awareness about mental health and changing lifestyles. Factors such as growing prevalence of psychological ailments and stress levels is expected to result in the growth of this market.
APAC Psychiatry Therapies market Leaders are: Astrazeneca Universal Health Services Inc. Johnson & Johnson Pfizer GlaxoSmithKline Eli Lilly Bristol-Meyer Squibb Wyeth Astellas Pharma Inc. Others.
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