Product Code: ETC8844967 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The market for major depressive disorder (MDD) treatment in the Philippines is growing due to rising mental health awareness and increasing access to healthcare services. Antidepressants, psychotherapy, and alternative treatments such as transcranial magnetic stimulation (TMS) are gaining popularity. The governments efforts to address mental health challenges and reduce stigma are supporting market growth. However, limited psychiatric resources and affordability issues remain concerns.
The rising prevalence of mental health disorders, including major depressive disorder (MDD), is a significant driver of the market in the Philippines. Increasing awareness of mental health issues, coupled with improvements in diagnostic and treatment options, is driving the adoption of antidepressant medications and therapy services. The growing recognition of mental health as a priority within the healthcare system, as well as government and non-governmental efforts to improve access to mental health care, is further boosting market growth.
Mental health awareness in the Philippines is still developing, which poses challenges for the treatment of major depressive disorder (MDD). Limited access to psychiatric care, particularly in rural areas, prevents early diagnosis and intervention. The stigma surrounding mental illness also discourages individuals from seeking treatment, reducing the potential market for antidepressants and psychotherapy services. Additionally, many healthcare providers lack specialized training in managing depression, further limiting treatment options.
The growing awareness of mental health issues in the Philippines is driving demand for innovative treatments and therapies for major depressive disorder (MDD). Investment opportunities exist in pharmaceutical research, telemedicine mental health platforms, and digital therapeutic applications. Collaborating with healthcare providers to expand access to psychiatric services and affordable antidepressant medications can help address the increasing mental health burden.
The Department of Health (DOH) has expanded mental health programs under the Mental Health Act, ensuring greater access to treatment for major depressive disorder. The Philippine Health Insurance Corporation (PhilHealth) covers psychiatric consultations and medications, while government hospitals offer subsidized mental health services. Public awareness campaigns aim to reduce the stigma surrounding depression and encourage early intervention.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Major Depressive Disorder Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Major Depressive Disorder Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Major Depressive Disorder Market - Industry Life Cycle |
3.4 Philippines Major Depressive Disorder Market - Porter's Five Forces |
3.5 Philippines Major Depressive Disorder Market Revenues & Volume Share, By Drugs, 2021 & 2031F |
4 Philippines Major Depressive Disorder Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Major Depressive Disorder Market Trends |
6 Philippines Major Depressive Disorder Market, By Types |
6.1 Philippines Major Depressive Disorder Market, By Drugs |
6.1.1 Overview and Analysis |
6.1.2 Philippines Major Depressive Disorder Market Revenues & Volume, By Drugs, 2021- 2031F |
6.1.3 Philippines Major Depressive Disorder Market Revenues & Volume, By Auvelity (Bupropion/dextromethorphan), 2021- 2031F |
6.1.4 Philippines Major Depressive Disorder Market Revenues & Volume, By Lexapro (Escitalopram), 2021- 2031F |
6.1.5 Philippines Major Depressive Disorder Market Revenues & Volume, By Paxil (Paroxetine), 2021- 2031F |
6.1.6 Philippines Major Depressive Disorder Market Revenues & Volume, By Zoloft (Sertraline), 2021- 2031F |
6.1.7 Philippines Major Depressive Disorder Market Revenues & Volume, By Viibryd (Vilazodone), 2021- 2031F |
6.1.8 Philippines Major Depressive Disorder Market Revenues & Volume, By SEP-363856, 2021- 2031F |
6.1.9 Philippines Major Depressive Disorder Market Revenues & Volume, By REL-1017, 2021- 2031F |
6.1.10 Philippines Major Depressive Disorder Market Revenues & Volume, By REL-1017, 2021- 2031F |
7 Philippines Major Depressive Disorder Market Import-Export Trade Statistics |
7.1 Philippines Major Depressive Disorder Market Export to Major Countries |
7.2 Philippines Major Depressive Disorder Market Imports from Major Countries |
8 Philippines Major Depressive Disorder Market Key Performance Indicators |
9 Philippines Major Depressive Disorder Market - Opportunity Assessment |
9.1 Philippines Major Depressive Disorder Market Opportunity Assessment, By Drugs, 2021 & 2031F |
10 Philippines Major Depressive Disorder Market - Competitive Landscape |
10.1 Philippines Major Depressive Disorder Market Revenue Share, By Companies, 2024 |
10.2 Philippines Major Depressive Disorder Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |