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Addictions Therapeutics Market worth USD 10,735.94 million by 2027 - Exclusive Research by The Insight Partners
Addictions Therapeutics Market
Addiction is a psychological and physical inability to stop consuming drugs, alcohol, opioids, and related category substances, even though the consumption of those substances causes various mental and physical harms. Addiction can be life-threatening if not stopped. Therefore, there are several options such as drug therapy and rehabilitation that can stop addiction in a better way.
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In Europe, economies are adversely affected due to the increase in the number of COVID-19 cases. Spain, Italy, Germany, France, and the UK are among the most affected European countries. The addictions therapeutics market has witnessed reduced sales of nicotine replacement therapy products owing to their negative effect on COVID-19 treatment. In April, France banned the online sell of nicotine replacement therapy products and limited their sales in pharmacies, after researchers suggested that it might play a role in protecting against coronavirus.
Based on drug type, the global addictions therapeutics market is segmented into varenicline, bupropion, nicotine replacement products, buprenorphine, naltrexone, disulfiram, and others. The varenicline segment held the largest market share in 2019. The nicotine replacement products segment is anticipated to register the highest CAGR during the forecast period owing to the increasing consumption of nicotine among people and availability of a wide range of nicotine replacement therapy products.
Cipla Ltd, Indivior Plc, Pfizer Inc, Orexo Ab, Glaxosmithkline Plc, Purdue Pharma L.P, Alvogen, Bausch Health, Camurus Ab, and Hikma Pharmaceuticals Plc are among the companies operating in the global Addictions Therapeutics market.
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The report segments global addictions therapeutics market as follows:
By Treatment Type
Opioid Addiction Treatment
Alcohol Addiction Treatment
Nicotine Addiction Treatment
Other Substance Addiction Treatment
By Drug Type
Buprenorphine
Naltrexone
Bupropion
Disulfiram
Nicotine Replacement Products
Varenicline
Others
By Treatment Center
Inpatient Treatment Center
Residential Treatment Center
Outpatient Treatment Center
By Distribution Channel
Hospital Pharmacies
Medical Stores
Others
By Geography
North America
US
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Rest of APAC
Middle East and Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of MEA
South and Central America
Brazil
Argentina
Rest of South and Central America
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