Press release
Addictions Therapeutics Market 2023 - By Industry Analysis, Future Growth, Share, Trends, Size And Global Forecast To 2032
Addictions Therapeutics Market
The Business Research Company's Addictions Therapeutics Global Market Report 2023 identifies increasing consumption of alcohol as the major driver for the Addictions Therapeutics market's growth in the forecast period. 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 competitors in the Addictions Therapeutics market are Pfizer Inc., Novartis AG, GlaxoSmithKline plc, Gilead Sciences Inc., Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd.
A key trend in the Addictions Therapeutics market includes product innovations. 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.
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The Addictions Therapeutics market is segmented -
• By Drug Type: Buprenorphine, Naltrexone, Bupropion, Disulfiram, Nicotine Replacement Products, Varenicline, Other Drugs
• By Treatment Type: Opioid Addiction Treatment, Alcohol Addiction Treatment, Nicotine Addiction Treatment, Other Substance Addiction Treatment
• By Treatment Center: Inpatient Treatment Center, Residential Treatment Center, Outpatient Treatment Center
• By Distribution Channel: Hospital Pharmacies, Medical Stores, Other Distribution Channel
• 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. Global Addictions Therapeutics Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
………………………………………..
32. Global Addictions Therapeutics Market Competitive Benchmarking
33. Global Addictions Therapeutics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Addictions Therapeutics Market
35. Addictions Therapeutics Market Future Outlook and Potential Analysis
36. Appendix
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