GlobalData Plc
  • Press Release

    World Mental Health 2018: A long way to go but the future looking brighter for patients, says GlobalData

World Mental Health Day 2018 (10th October) is a time for reflection and education; the treatment of mental health disorders has improved drastically and the stigma associated with these indications has been stripped away considerably. However, there is still a long way to go to address the gaps in the market, says GlobalData, a leading data and analytics company.

Mental health is a broad term that encompasses a variety of mental disorders, each with different manifestations, the most well-known being; depression, schizophrenia, and anxiety but also includes other indications such as; dementia, developmental disorders, and other psychoses; often these indications will overlap which lead to further degradation of a patient’s mental health. According to GlobalData’s reports: PharmaPoint: Schizophrenia and PharmaPoint: Major Depressive Disorder, some unmet needs, such as the need for more effective and safer treatments, are similar across the indications and can be addressed through increased funding and research.

Rahael Maladwala, Pharma Analyst at GlobalData, commented, “Mental health has a huge social and economic burden on patients, with one in six adults reported to have a common mental health disorder. Over the last decade, there have been several outreach and educational programs that have helped to reduce the stigma surrounding these disorders and patients are now receiving more adequate care, however, there is still more that can be done. Pharmaceutical companies are now seeing these gaps in the market and commissioning research into the etiology and pathophysiology of these indications to better understand how they work and developing drugs that target the root cause of these diseases.”

“Clinical research is not the only trend that is being used to address the gaps in the market; this is where the creativity of pharmaceutical companies comes into play. There have been several digital approaches that are being trialled to help meet some of the unmet needs for some of these indications; examples of this include Otsuka’s use of a digital sensor in a pill used for schizophrenia treatment to improve compliance, Takeda and Cognition Kits have partnered to develop an app synced to a piece of wearable technology which monitors MDD patients, and several companies are using artificial intelligence to help identify potential drug targets for these disorders. The use of technology is helping to revolutionise patient care, right from drug discovery to drug delivery.”

Mental Health Day 2018 is one of the key profile raising events that has helped to remove the stigma associated with mental health; but in order to fully address the gaps in the market we need to look forward instead of backwards. Pharmaceutical companies are now doing that, increasing the amount of research in these indications, and embracing the use of technology to improve patient care, and ultimately the future is looking brighter for mental health patients.

ENDS

For more information

To gain access to our latest press releases: GlobalData Media Centre

Analysts available for comment. Please contact the GlobalData Press Office:

email: pr@globaldata.com

EMEA & Americas: +44 (0)207 832 4399

Asia-Pacific: +91 40 6616 6809

GlobalData.com | LinkedIn | Twitter

About GlobalData
4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors. PR3097

Related Intelligence

Want more Insight like this?

Our interactive subscription platform has the most comprehensive data and analysis in your industry.

Request a Demo

Related Consulting

How can we help your business?

Our consultants are skilled in every specialist market niche to deliver solutions specifically designed for your individual requirements.

Request a Callback

Media Enquiries

If you are a member of the press or media and require any further information, please get in touch, as we’re very happy to help.

Emailpr@globaldata.com
PhoneEMEA: +44 207 832 4399
PhoneAPAC: +91 40 6616 6809
Onlinecontact online

56% of #consumers are concerned about the impact of diet. Join us for more insight @incosmetics #cosmetics #trends… https://t.co/wJOJOqYIJF