The Addictions Therapeutics Global Market Report 2023, provides comprehensive information on the addictions therapeutics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global addictions therapeutics market is expected to grow from $6.12 billion in 2022 to $6.56 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The addictions therapeutics market is expected to reach $8.29 billion in 2027 at a CAGR of 6%.
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Product innovations are a key trend gaining popularity in the addiction therapeutics market. Major companies in the addiction therapeutics market are developing advanced products to sustain their position in the market. For instance, in May 2020, Hikma Pharmaceuticals plc, a UK-based medicine manufacturer, launched Naloxone Hydrochloride Injection, USP, 2 mg/2 mL in the prefilled syringe (PFS) for the emergency treatment of a known or suspected opioid overdose. Naloxone hydrochloride injection PFS is ready-to-use and enhances patient treatment’s speed, safety, and precision, especially in time-critical situations like an opioid overdose.
The addictions therapeutics market is segmented:
1) By Drug Type: Buprenorphine, Naltrexone, Bupropion, Disulfiram, Nicotine Replacement Products, Varenicline, Other Drugs
2) By Treatment Type: Opioid Addiction Treatment, Alcohol Addiction Treatment, Nicotine Addiction Treatment, Other Substance Addiction Treatment
3) By Treatment Center: Inpatient Treatment Center, Residential Treatment Center, Outpatient Treatment Center
4) By Distribution Channel: Hospital Pharmacies, Medical Stores, Other Distribution Channel
5) By Application: Public, Private, Government
North America was the largest region in the addictions therapeutics market in 2022.
The table of contents in TBRC’s addictions therapeutics market report includes:
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