Overview:
Addiction is a neuropsychological disorder characterized by persistent use of a drug, despite substantial harm and other negative consequences. It is a chronic condition which gives rise to psychological and physical damage. Cognitive behavioral therapy is a valuable treatment tool because it can be used for many different types of addiction.
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Drivers:
High demand for safe and effective addiction treatment and introduction of novel products is expected to augment growth of the global addiction treatment market over the forecast period. Player in the market are focusing on receiving approvals and launching novel products to meet the increasing demand for addiction treatment. For instance, in April 2018, Sun Pharmaceutical received the United States Food and Drug Administration (USFDA) approval for Methadone Hydrochloride tablet. The approval has come for 5mg and 10mg formulations and it is designed to treat the pain and opioid addiction.
Moreover, in March 2018, Indivior announced that SUBLOCADE (buprenorphine extended-release) injection, for subcutaneous use (CIII), is now available in the U.S. SUBLOCADE is approved by FDA for the treatment of moderate to severe opioid use disorder (OUD) in adults.
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COVID-19 Impact:
On 31 December 2019, a novel coronavirus was first suspected and reported in Wuhan, China. According to the World Health Organization (WHO), globally, as of November 25, 2021, there have been 258,830,438 confirmed cases of COVID-19, including 5,174,646 deaths.
The outbreak of COVID-19 has had a severe impact on several markets around the world, due to disruption in both the demand and supply chain. However, the psychological and social risks associated with the pandemic may promote drug abuse, as the pandemic has affected people’s emotional and mental health. Boredom, irritability, anxiety, and/or fear caused due to pandemic are known to intensify or trigger urge of consuming addictive substance.
Competitive landscape:
Major players involved in the global addiction treatment market are Mylan N.V., Indivior Inc., Hikma Pharmaceuticals Plc., Cipla Limited, Perrigo Company Plc., Pfizer, Johnson & Johnson, GlaxoSmithKline Plc., Titan Pharmaceuticals, Inc., Alkremes Plc., Glenmark Pharmaceuticals, Dr. Reddy’s Laboratories Limited, and Teva Pharmaceutical Industries Ltd., among others.
In April 2018, Lil’ Drug Store Products Inc. announced the launch of its Nicotac brand nicotine gum in market in two nicotine strengths (2 mg and 4 mg nicotine polarcrilex).
Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Addiction Treatment Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Addiction Treatment Industry Impact
Chapter 2 Global Addiction Treatment Competition by Types, Applications, and Top Regions and Countries
2.1 Global Addiction Treatment (Volume and Value) by Type
2.3 Global Addiction Treatment (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Addiction Treatment Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Addiction Treatment Market Analysis
Chapter 6 East Asia Addiction Treatment Market Analysis
Chapter 7 Europe Addiction Treatment Market Analysis
Chapter 8 South Asia Addiction Treatment Market Analysis
Chapter 9 Southeast Asia Addiction Treatment Market Analysis
Chapter 10 Middle East Addiction Treatment Market Analysis
Chapter 11 Africa Addiction Treatment Market Analysis
Chapter 12 Oceania Addiction Treatment Market Analysis
Chapter 13 South America Addiction Treatment Market Analysis
Chapter 14 Company Profiles and Key Figures in Addiction Treatment Business
Chapter 15 Global Addiction Treatment Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
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