North America Addictions Therapeutics Market is expected to reach US$ 6,102.31 Mn by 2027


PRESS RELEASE BY The Insight Partners 13 Dec 2020

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Nicotine addiction treatment segment by type is estimated to lead the market growth during the forecast period

According to The Insight Partners market research study of “North America Addictions Therapeutics Market Forecast to 2027 - COVID-19 Impact and Analysis by Treatment Type, Drug Type,Treatment Centre, and Distribution Channel,” The North America Addictions Therapeutics market is expected to reach US$ 6,102.31 million by 2027 from US$ 3,715.23 million in 2019. The market is estimated to grow with a CAGR of 6.5% from 2020 to 2027. The report highlights trends prevailing in the North America Addictions Therapeutics market and the factors driving market along with those that act as hindrances.

Based on treatment type, the North America addictions therapeutics market is segmented into nicotine addiction treatment, alcohol addiction treatment, opioid addiction treatment, and other substance addiction treatment. Drug addiction, also referred to as substance disorder, is a type of disease that hampers an individual’s brain, behavior, and metabolic processes leading to an inability to control. Non-medical use and abuse of prescription drugs are becoming severe issues worldwide. Addiction to abusive substances is responsible for the death of millions of people across the world. According to the National Institute on Drug Abuse (NIDA) estimates, ~21 million people across the world had at least one addiction in 2019, out of which only 10% received treatment for the same. The Addiction Center reports state that the number of people undertaking treatments for addictions has increased in recent years. Thus, the rising awareness among people about drug addiction treatment is likely to support the growth of the North America addiction therapeutics market in the coming years. Similarly, awareness campaigns and government efforts to counteract drug abuse and promote medication for all sorts of addiction treatments would fuel the market growth during the forecast period.

The growth of the market is attributed to rising approval of new drugs and launch of digital therapeutics to treat addiction, conduction of various awareness campaigns and government efforts to counteract drug abuse and promote medication. However, high costs associated with drug development is hindering the growth of the addiction therapeutics market.

Indivior PLC, Pfizer Inc.and GlaxoSmithKline plc are among the leading companies operating in the North America  addictions therapeutics market.

The report segments in North America Addictions Therapeutics market as follows:

 By Treatment Type

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

By Drug Type

  • Buprenorphine
  • Naltrexone
  • Bupropion
  • Disulfiram
  • Nicotine Replacement Products
  • Varenicline
  • Others

By Treatment Center

  • Inpatient Treatment Center
  • Residential Treatment Center
  • Outpatient Treatment Center

By Distribution Channel

  • Hospital Pharmacies
  • Medical stores
  • Others

By Country

  • United States
  • Canada
  • Mexico

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