Addictions Therapeutics Market 2021 New Innovation and Perception 2027 By Cipla, Inc., Orexo AB, Purdue Pharma L.P., Alvogen

The addictions therapeutics market was valued at US$ 6,691.01 million in 2019 and is projected to reach US$ 10,735.94 million by 2027; it is expected to grow at a CAGR of 6.2% from 2020 to 2027.

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 to stop addiction in a better way. Rising addictions among common people and increasing awareness campaigns drive the growth of the addictions therapeutics market. Moreover, the rising demand for R&D from contract organizations is expected to bolster the market growth during the forecast period. However, steep costs of drug development restrict the market growth.

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Addictions Therapeutics Market Competition Landscape and Key Developments:

Indivior PLC
Pfizer, Inc.
GlaxoSmithKline Plc
Bausch Health Companies
Cipla, Inc.
Orexo AB
Purdue Pharma L.P.
Camurus AB
Hikma Pharmaceuticals Plc

Addictions Therapeutics Market – by Treatment Type

Opioid Addiction Treatment
Alcohol Addiction Treatment
Nicotine Addiction Treatment
Other Substance Addiction Treatment

Addictions Therapeutics Market – by Drug Type

Nicotine Replacement Products

Addictions Therapeutics Market – by Treatment Center

Inpatient Treatment Center
Residential Treatment Center
Outpatient Treatment Center

Drug addiction, also referred to as substance disorder, leads to harmful consequences and hampers an individual’s brain, behavior, and metabolic processes leading to an inability of control. Also, prescription drug abuse is becoming a serious issue worldwide. The addiction of abusive substances is responsible for the death of millions of people across the world. According to the National Institute on Drug Abuse (NIDA), ~21 million people had at least one addiction worldwide in 2019, out of which only 10% received treatment for the same.

Report Highlights:

• Comprehensive overview of parent market & substitute market
• Changing market dynamics in the industry (COVID & Economic Impact Analysis)
• In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
• Recent industry trends and development activity
• Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)

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Prashant Tambe
Prashant Tambe
An expert in SEO, Prashant carries an experience of over five years in the industry. He has the ability to analyze global industry trends that helps the leaders to make smarter decisions. An electrical, electronics and communication engineer, Prashant is able to predict future trends as they are changing fast with technological development.