The panic disorders market outlook remains highly attractive, driven by rising diagnosis rates and expanding treatment access across both developed and emerging economies. Competitive intensity is moderate; while established SSRIs and SNRIs dominate, a wave of fast-acting anxiolytics and digital therapeutics is reshaping the landscape, eroding legacy shares. Over the next decade, the long-term growth trajectory is mid-to-high single digit, underpinned by persistent unmet need and favorable reimbursement trends. The innovation pipeline is vibrant, with psychedelic-assisted therapies, CRHR1 antagonists, and AI-guided personalized dosing poised to reset clinical expectations. Demand–supply balance is tightening as specialty CNS manufacturing capacity lags behind accelerating launch cadence, creating API procurement risk and potential price spikes. Key risk factors include regulatory pushback on abuse-liability claims, payer pressure for outcomes-based contracts, and post-pandemic budgetary constraints that could compress launch uptake.