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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.

The List of Companies

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

The research provides answers to the following key questions:

  1. What is the estimated growth rate of the market for the forecast period 2022–2028? What will be the market size during the estimated period?
  2. What are the key driving forces responsible for shaping the fate of the Addictions Therapeutics Market during the forecast period?
  3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Addictions Therapeutics Market?
  4. What are the prominent market trends influencing the development of the Addictions Therapeutics Market across different regions?
  5. What are the major threats and challenges likely to act as a barrier in the growth of the Addictions Therapeutics Market?
  6. What are the major opportunities the market leaders can rely on to gain success and profitability?

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Addictions Therapeutics Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Addictions Therapeutics Market segments and regions.

Segments-

Based on treatment type, the global addictions therapeutics market is segmented into nicotine addiction treatment, alcohol addiction treatment, opioid addiction treatment, and other substance addiction treatment. The nicotine addiction treatment segment held the largest share of the market in 2019. Also, the same segment is estimated to register the highest CAGR in the market during the forecast period. The market growth for this segment is attributed to the increasing consumption of cigarette and tobacco products. As per the WHO, tobacco consumption is adversely affecting ~people’s health, which creates substantial burden on healthcare facilities

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Addictions Therapeutics Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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