How the Addictions Therapeutics Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of theAddictions Therapeutics Market?
The addiction therapeutics market is anticipated to grow due to the rising intake of alcohol. The term alcohol consumption describes the act of drinking liquids that contain ethyl alcohol. Addiction therapeutics are employed to manage alcohol addiction by inhibiting its depressive effects, encouraging individuals to reduce their alcohol intake. This is achieved by restoring the balance between the excitatory and inhibitory neurotransmitters, glutamate, and gamma-aminobutyric acid. These therapeutics help diminish cravings for alcohol and ease symptoms of withdrawal such as insomnia, nervousness, and restlessness. As stated in a report by Statistics Canada in February 2023, alcoholic beverage sales in retail outlets and liquor authorities amounted to $26.1 billion in the financial year up to March 31, 2022, signifying a 2.4% increase from the previous year. Wine sales also rose by 2.1%, totaling $8.1 billion during the same timeframe. Looking at the general breakdown, beer made up 34.9% of all alcohol sales in 2021–2022, followed by wine at 31.3%, spirits at 25.8%, and ciders and coolers at 8.0%. Consequently, the escalating alcohol consumption is bolstering the growth of the addiction therapeutics market.
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#What is the Projected CAGR for the Addictions Therapeutics Market Size from 2025 to 2034?
In recent times, there has been substantial growth in the market size of therapeutics for addictions. Its growth is projected to move from $7.05 billion in 2024, to approximately $7.48 billion in 2025, representing a compound annual growth rate (CAGR) of 6.1%. This growth during the historical timeframe can be associated with an upsurge in the consumption of addictive substances like alcohol, tobacco, and drugs. The soaring awareness and the increasing incidence of substance abuse disorders, coupled with the legalization of marijuana in a number of states, and increased backing and funding for addiction treatment initiatives are also notable contributors.
The market size for addiction therapeutics is forecasted to experience robust growth in the coming years, with an estimated value of $9.62 billion by 2029 and a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this expected growth during the forecast period include increased drug awareness campaigns, the emergence of synthetic drugs and new psychoactive substances, alterations in lifestyles and stress factors, growth of rehabilitation facilities, and the incorporation of telehealth services in addiction treatment. Noteworthy trends during this period encompass technological progress in diagnostics, advances in neuroscience, partnerships and collaborations between pharmaceutical firms and other stakeholders to tackle addiction problems, and the introduction of innovative drugs for addiction therapeutics.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theAddictions Therapeutics Market?
Leading corporations in the addiction therapeutics market are creating advanced products like medication for cocaine use disorders (CUD) aiming to reach a broader consumer base, boost sales, and elevate revenue. Medicines for cocaine use disorders (CUD) are purposely designed to aid individuals grappling with cocaine addiction or dependence. For example, in January 2023, Tempero Bio, a biopharmaceutical enterprise based in the United States, proudly heralded the U.S. Food and Drug Administration (FDA) endorsement for TMP-301. The distinguishing element of TMP-301, theCompany’s exploratory candidate, is its function as a metabotropic glutamate receptor 5 (mGluR5) negative allosteric modulator (NAM). Specifically devised to play a crucial role in handling cocaine use disorders (CUD), TMP-301 becomes noticeable for its efficacy, selectivity, and oral suitability, all targeting to effectively suppress the hyperactive glutamate signaling linked to CUD.
Who Are the Key Market Players Influencing the Growth of the Corn and Addictions Therapeutics Industry?
Major companies operating in the addictions therapeutics market include Pfizer Inc., Novartis AG, 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., Braeburn Inc., Titan Pharmaceuticals Inc., BioCorRx Inc.
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Which Key Market Segments Comprise the Addictions Therapeutics Market and Drive Its Revenue Growth?
The addictions therapeutics market covered in this report 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
Subsegments:
1) By Buprenorphine: Subutex, Suboxone
2) By Naltrexone: Oral Naltrexone, Extended-Release Naltrexone (Vivitrol)
3) By Bupropion: Wellbutrin, Zyban
4) By Disulfiram: Antabuse
5) By Nicotine Replacement Products: Nicotine Patches, Nicotine Gum, Nicotine Inhalers, Nicotine Lozenges
6) By Varenicline: Chantix (Champix)
7) By Other Drugs: Acamprosate, Topiramate, Gabapentin
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Which Regions Are Emerging as Leaders in the Addictions Therapeutics Market?
North America was the largest region in the addictions therapeutics market in 2024. The regions covered in the addictions therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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