Press release
Global Opioid Use Disorder Market To Be Driven By The Increasing Dependance On FDA-Approved Medication For Opioid Use Disorder In The Forecast Period Of 2023-2028
Opioid Use Disorder Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 10.0%
The increasing dependence on FDA-approved medications for opioid use disorder, such as Methadone, Buprenorphine, and Naltrexone, among others, is driving the market growth. In addition to this, the increasing prevalence of this disorder due to lifestyle related issues resulting in severe addiction to opioid is further compelling people to seek refuge in opioid use disorder medication.
Over the forecast period, the favourable policies of government supporting the fast diagnosis and treatment facilities in hospitals and rehabs are anticipated to propel the market growth. In terms of region, North America accounts for a significant share in the market owing to the increasing prevalence of opioid use disorder among young Americans.
Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/opioid-use-disorder-market
Opioid Use Disorder Industry Definition and Major Segments
Opioid use disorder is a type of disorder which is caused by prolonged use of opioid, despite the negative resulting consequences. Opioid use disorder causes chronic disabilities, relapses, and death. The common cause of this disorder is taking large amounts of opioid and for longer period than intended.
On the basis of drug, the market can be segmented into:
Buprenorphine
Bunavail
Sublocade
Suboxone
Zubsolv
Others
Methadone
Naltrexone
The regional markets for opioid use disorder include:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Opioid Use Disorder Market Trends
The key trends in the opioid use disorder market include the emerging recovery support services, better access to FDA-approved medications, increasing investments in mutual aid groups, and community services. The robust government programs and advertising campaigns diffusing the awareness about causes of opioid overdose are likely to be the crucial trends in the market.
Moreover, the growing research and development activities by the major pharmaceutical and biopharmaceutical companies aimed towards expanding the production of opioid use disorder medications are anticipated to be the other key trends in the market. The rising healthcare expenditure in the emerging economies is likely to further propel the market growth.
Key Market Players
The major players in the market are Indivior PLC, BioDelivery Sciences International, Inc., Alkermes, Inc., Titan Pharmaceuticals, Inc., and Camurus AB., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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