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Obsessive Compulsive Disorder (OCD) Therapeutics - Pipeline Assessment and Market Forecasts to 2017
Obsessive Compulsive Disorder (OCD) Therapeutics - Pipeline Assessment and Market Forecasts to 2017
OCD Therapeutics Market is Forecast to Show Growth Steadily until 2017, The report is an essential source of information and analysis on the global OCD market.
Hyderabad,
AP,
India
(prbd.net)
06/06/2011
GlobalData estimates that the global Obsessive Compulsive Disorder (OCD) therapeutics market was
valued at $694m in 2010, and is forecast to grow at a Compound Annual Growth Rate (CAGR) of 11.7%
over the next seven years, to reach $1.5 billion by 2017. This steady growth is primarily attributed to the
increase in treatment-seeking behavior and disease awareness and the increasing use of off-label drugs,
although no major pipeline products are estimated to be launched in the forecast period.
GlobalData’s research suggests that the current market is well served by the drugs approved by the US
Food And Drug Administration (FDA) and the European Medicines Agency (EMEA), off-label drugs and
alternative therapies such as cognitive behavioral therapy. OCD treatment is primarily dependent on
alternatives therapies such as cognitive behavioral therapy instead of drug medication. This is largely due to the fact that drugs prescribed for OCD are limited to offering symptomatic relief, moreover, several patients suffer relapse. This indicates that the OCD therapeutics market needs better treatment options which can cure the underlying cause of the disease.
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The OCD therapeutics market has a high level of unmet need. This is due to limited awareness among
physicians and patients leading to low diagnosis and treatment rates. Although the OCD therapeutics
market has FDA approved drugs such as Selective Serotonin Reuptake Inhibitors (SSRIs) and Tricyclic
Antidepressants (TCAs), these drugs have moderate efficacy and safety profiles. The OCD therapeutics
market offers significant opportunities for novel drugs targeting the cause of the disease.
Pipeline for OCD therapeutics consists of eight molecules in various phases of development. The
molecules have different mechanisms of action such as Fc-receptor modulator, glutamate receptor
antagonist, dopamine type 2 (D2) and serotonin type 2 (5HT2A) receptor antagonists, delta-9-
tetrahydrocannabinol (THC) and orexin receptors antagonist. Although the OCD therapeutics pipeline
contains three first-in-class molecules but only one of these drugs is industry-sponsored and is in a preclinical stage of development.
GlobalData, the industry analysis specialist, has released its new report, “Obsessive Compulsive
Disorder (OCD) Therapeutics - Pipeline Assessment and Market Forecasts to 2017”. The report is an
essential source of information and analysis on the global OCD market. The report identifies the key
trends shaping and driving the global OCD market. The report also provides insights on the prevalent
competitive landscape and the emerging players expected to significantly alter the market positioning of
the current market leaders. Most importantly, the report provides valuable insights on the pipeline
products within the global OCD sector. This report is built using data and information sourced from
proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of
industry experts.
For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Obsessive-Compulsive-Disorder-OCD-Therapeutics-Pipeline-Assessment-and-Market-Forecasts-to-2017&Title=Pharmaceuticals_and_Healthcare&ReportType=Industry_Report
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