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Addictions Therapeutics Market Analysis 2023-2032: Forecast Market Size, Top Segments And Largest Region | Pfizer Inc., Novartis AG, GlaxoSmithKline plc, Gilead Sciences Inc., Novo Nordisk A/S
Addictions Therapeutics Global Market Report
The Business Research Company's Addictions Therapeutics Global Market Report 2023 identifies the Increasing consumption of alcohol is expected to propel the growth of the addiction therapeutics market going forward. Alcohol consumption refers to the process of drinking beverages containing ethyl alcohol. Addiction therapeutics are used to treat addiction concerning alcohol that encourage individuals to consume less alcohol by preventing the depressive effects of alcohol and promoting the balance between the excitatory and inhibitory neurotransmitters glutamate and gamma-aminobutyric acid in an individual that reduces alcohol cravings and alleviates symptoms and suppresses symptoms such as insomnia, anxiety, and restlessness reading alcohol withdrawal.
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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Major players in the addictions therapeutics market are Pfizer Inc., Novartis AG, GlaxoSmithKline plc, Gilead Sciences Inc., Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd., Mylan N.V., Bausch Health Companies Inc., Sun Pharmaceutical Industries Limited, Perrigo Company plc, Purdue Pharma L.P., Dr. Reddy's Laboratories Ltd., Cipla Inc., Hikma Pharmaceuticals plc, Amneal Pharmaceuticals Inc., Mallinckrodt Plc, Alkermes plc., Glenmark Pharmaceuticals Limited, Indivior plc., Lannett Company Inc., BioDelivery Sciences International Inc., Insys Therapeutics Inc., Camurus AB, Orexo AB, Elite Pharmaceuticals Inc., Alchem International Ltd, Avalo Therapeutics Inc., Braeburn Inc., Titan Pharmaceuticals Inc., and BioCorRx Inc.
A key trend in the Addictions Therapeutics market includes the 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.
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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
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Addictions Therapeutics market.
The Business Research Company's "Global Addictions Therapeutics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Addictions Therapeutics Market Include:
1. Executive Summary
2. Addictions Therapeutics Market Characteristics
3. Addictions Therapeutics Market Trends And Strategies
4. Addictions Therapeutics Market - Macro Economic Scenario
5. Addictions Therapeutics Market Size And Growth
……
27. Addictions Therapeutics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Addictions Therapeutics Market
29. Addictions Therapeutics Market Future Outlook and Potential Analysis
30. Appendix
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