Depression therapy is one of the
largest drug therapy markets in the world
today. The World Health Organization predicts
that, by 2020, depression will be the
second-largest cause of the global health
burden. According to a report by AdvanceTech
Monitor, the market for antidepressant
drugs continues to grow,
although the rate of growth has slowed
down in recent years due to generics
competition. By the end of this decade,
however, several major branded antidepressants
will be coming off patent,
opening the door to more generic medicines
to treat depression.
Global sales of branded antidepressants
rose over $14 billion in 2004, with venlafaxine
(Effexor) and sertraline (Zoloft)
leading the way with sales of $3.3 billion
each. With the expiration of several
patents of leading drugs for depression,
however, the market share for the generic
versions of these medicines increased
from 20% in 2000 to 42% in 2004, and the
trend is expected to continue. Venlafaxine
and sertraline are both due to lose their
patents within the next 5 years, and generic
versions of these drugs are already in
the works and expected to be available in
the United States by 2010.