Menu
Washingtoner
  • Home
  • Business
  • Music
  • Health
  • Entertainment
  • Technology
  • Family
  • NewMusicRelease
  • Non-profit
Washingtoner

Global Addiction Treatment Market to Surpass US$ 12,210.0 Million by 2028, Says Coherent Market Insights
Washingtoner/10152734

Trending...
  • Ryan Joseph Kopyar, set to launch life changing online program "Reconnect to Your Greatness"
  • Grayhawk Capital Receives U.S. Small Business Administration Investment Company of the Year Award
  • Global Changemakers Celebrate Black Women In Film At Cannes Film Festival In Response To Gross Underrepresentation In Competition, over 75-years
SEATTLE, Jan. 28, 2022 /PRNewswire/ -- According to Coherent Market Insights, the global addiction treatment market is estimated to be valued at US$ 8,297.0 million in 2021 and is expected to exhibit a CAGR of 5.3% over the forecast period (2021-2028).

Key Trends and Analysis of the Global Addiction Treatment Market:


Key trends in the market include the rising prevalence of addicted population, increasing product approvals and launches, initiatives by various organizations towards de-addiction, and increasing collaborations, partnerships, mergers and acquisitions among key players. These key trends are expected to aid in the growth of the addiction treatment market.

For instance, in May 2018, US WorldMeds LLC a Kentucky-based specialty pharmaceutical company received the U.S. Food and Drug Administration approval for its novel drug lofexidine hydrochloride (Lucemyra) for mitigation of opioid withdrawal symptoms to facilitate abrupt discontinuation of opioids in adults.

Moreover, various government and private organizations are taking initiatives to spread awareness about nicotine de-addiction, which supports addicted person to quit smoking with the help of smoking cessation products. For instance, in 2017, the Public Health England launched US$ 1.3 million smoking cessation campaign to increase awareness to quit smoking.

Request Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/4853

Furthermore, key players operating in the global addiction treatment market are focusing on adoption of inorganic growth strategies such as acquisitions, mergers, partnerships, and collaborations, in order to strengthen their market presence in the global market. For instance, in August 2018, Elite Laboratories Inc. a specialty pharmaceutical company partnered with Glenmark Pharmaceuticals Ltd. a leading integrated research-based, global pharmaceutical company for distribution of its recently U.S. FDA approved methadone hydrochloride 5 mg and 10 mg tablets. As per the partnership Glenmark Pharmaceuticals, Inc., will sell and distribute methadone in the U.S. for Elite and Elite will receive manufacturing license for methadone.

More on Washingtoner
  • Volatus Group Beyond Visual Line of Site waiver approved for Censys Sentaero UAS Operations and Training at the Pendleton UAS Range
  • Tacoma: Solid Waste Management Receives Recycler of the Year Award
  • Spokane: 'Taking Leadership Skills Back To the Neighborhoods'
  • Anterior Cruciate Ligament (ACL) and Posterior Cruciate Ligament (PCL) Reconstruction Devices Market to Surpass US$ 19,145 Million by 2030 - Coherent Market Insights
  • Spokane: City Closures Planned For Memorial Day

Additionally, in March 2018, GlaxoSmithKline plc.(GSK) entered into an agreement to buyout Novartis AG a Switzerland based global healthcare company stake in the Consumer Healthcare joint venture. According to this agreement, Novartis AG divested its 36.5% stake in a consumer healthcare Joint Venture for total deal value of US$ 13 billion. This joint venture allows GSK to add Novartis' Nicotinell nicotine patch product into its portfolio. This product relieves and prevent cravings and withdrawl symptoms of nicotine. These factors are expected to boost growth of the addiction treatment market over the forecast period.

Key Market Takeaways:

The global addiction treatment market is expected to exhibit a CAGR of 5.3% over the forecast period, owing to increase in number of product approvals. For instance, in 2017, Akorn, Inc. and American generic pharmaceuticals manufacturer received the U.S. Food and Drug Administration (FDA) approval for generic versions of Methadone Hydrochloride Injection USP, 200 mg/20 mL (10 mg/mL) multi-dose vial. It is use treatment of opioid dependence. This generic drug is approved for temporary treatment of patients with opioid dependence, who are unable to take oral medication.

Among drug type, nicotine replacement therapies segment accounted for the largest market share in forecast period, owing to rising product launches. In 2018, Epic Pharma, LLC a generic pharmaceutical company launched Methadone Hydrochloride Tablets, USP in 5mg and 10mg strengths, the generic equivalent of Dolophine. Methadone Hydrochloride Tablets, USP are indicated for the treatment of opioid addiction as well as for management of pain indication.

Key players operating in the global addiction treatment market include Alkremes Plc., Teva Pharmaceutical Industries Ltd., Glenmark Pharmaceuticals, Titan Pharmaceuticals, Inc., Pfizer, Inc., GlaxoSmithKline plc. Johnson & Johnson, Perrigo Company plc., Cipla Limited, Hikma Pharmaceuticals Plc., Dr. Reddy's Laboratories Limited, Indivior Inc., and Mylan N.V.

Request for Customization @
https://www.coherentmarketinsights.com/insight/request-customization/4853

More on Washingtoner
  • Average American Spends $78 On Jewelry Annually, Finds New CWC Jewelry Market Study
  • Tanium Unveils Free Comprehensive Risk Assessment
  • NanoString Launches Integrated Informatics to Facilitate Spatial Biology Research Using Next Generation Sequencing
  • Pacific Northwest Rapper King Raymond Drops Hot New Track "DTS On 6's"
  • Mindworks Hypnosis & NLP Offers "A Chance to Trance" Hypnosis Event on June 25th

Detailed Market Segmentation:

Global Addiction Treatment Market, By Drug Type:
  • Opioid Addiction
    • Methadone
    • Buprenorphine
    • Naltrexone
  • Alcohol Addiction
    • Acamprosate
    • Disulfiram
    • Naltrexone
    • Others
  • Nicotine Replacement Therapies
    • Nicotine Gums
    • Nicotine Patches
    • Nicotine Lozenges
    • Nicotine Spray
    • Nicotine Inhaler
    • Nicotine Sublingual Tablets
  • Non-Nicotine Medication
    • Varenicline
    • Bupropion (Zyban)

Global Addiction Treatment Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Europe
    • By Country:
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Middle East & Africa
    • By Country:
      • GCC Countries
      • Israel
      • South Africa
      • Rest of Middle East & Africa

Buy this Complete Report Now @ https://www.coherentmarketinsights.com/insight/buy-now/4853

About Us:

Coherent Market Insights
is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us:

Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights
Phone:
US
: +1-206-701-6702
UK: +44-020-8133-4027
Japan: +81-050-5539-1737
India: +91-848-285-0837
Email: [email protected]
Website: https://www.coherentmarketinsights.com
Follow Us: LinkedIn | Twitter

SOURCE Coherent Market Insights
Filed Under: Business

Show All News | Report Violation

0 Comments
1000 characters max.

Latest on Washingtoner
  • The world's most anticipated blockchain game "Rise of Elves", is going to launch its Closed Beta in May!
  • Noted storyteller and technologist Angelica McKinley joins the board of NMHA
  • West Shore Construction Named #1 Hurricane Fabric Dealer in the Country
  • Exterro Enhances Digital Forensic and Incident Response Automation with Major Upgrades to FTK® Connect
  • Leafly to Present at Upcoming Investor Conferences
  • Dungeon Forward Inks Multi Collection Deal with Nickelodeon and Paramount Consumer Products
  • Edifecs' Leaders to Speak at WEDI 2022 Spring Virtual Conference
  • Energy-Transition Champion, Vladimir Novak, Joins Ultra Safe Nuclear as Chief Commercial Officer
  • M.King Media's 2nd Special Report "Black America: We Have A Problem" Is Now Streaming
  • Spokane: Free Riverfront Park Spring and Summer Activities 2022
  • Virtual Workshop on How to Do Business With the City of Tacoma on June 1
  • City of Spokane to Host Citywide Traffic Calming Workshops
  • Tacoma: City of Destiny Awards Back Live In 2022
  • Blockchain Startup Aimed at Financial Inclusion Secures 25 Million Dollar Capital Commitment
  • HR Tech Awards Recognizes Valuable Contributors to Hiring, Retention, and More
  • The Martini Shot Launches A Sci-Fi Martial Arts and Fashion Franchise
  • 1040 Abroad: Live tax-free if you earn less than $112,000
  • Alaska Airlines names 30-year industry veteran new senior vice president of airport operations
  • CoreStack and Ingram Micro Cloud Come Together to Deliver Next-Gen FinOps and Cloud Governance
  • Implement The Exploration Of Charity In The Virtual World Concept Till The Very End
_catLbl0 _catLbl1

Popular on Washingtoner

  • Ryan Joseph Kopyar, set to launch life changing online program "Reconnect to Your Greatness"
  • Get Overnight Realistic Wigs From Nadula Company
  • Tacoma: Traffic Control Measures on Ruston Way Scheduled May 2 – 6
  • Spokane: Bank Robbery Suspect Charged
  • Joshua S. Kangley, Announces New Volume Release in His Guiding Light Series, With Mind Shift 2022 Book
  • Survive and Thrive: Langtons International Agency
  • Liam John USA to Partner with Nationally-Recognized johnnie-O to Launch Newest Myrtle Beach Showroom and Store
  • Dr. Ebony Blackmon Humphrey Talks Mental Health and Compassion for BIPOC
  • Washington State Fresh Asparagus Harvest Hits Stores This Week
  • Aduro Launches New Aduro Connect Care Software Solution For Employees Living with Type 2 Diabetes

Similar on Washingtoner

  • Upcoming Family Office Executive Education Program at the University of Denver
  • AWS Announces General Availability of Amazon EC2 C7g Instances Powered by AWS-designed Graviton3 Processors
  • Anterior Cruciate Ligament (ACL) and Posterior Cruciate Ligament (PCL) Reconstruction Devices Market to Surpass US$ 19,145 Million by 2030 - Coherent Market Insights
  • Tanium Unveils Free Comprehensive Risk Assessment
  • NanoString Launches Integrated Informatics to Facilitate Spatial Biology Research Using Next Generation Sequencing
  • Redfin Reports Historic Housing Shortage Shows Signs of Letting Up as Sales Decline
  • Symetra Named a 2022 Top Corporate Philanthropist by the Puget Sound Business Journal
  • Homebuyers Can Save Over $15,000 in Five Years With an Adjustable-Rate Mortgage–But It Comes With Risks
  • Staypineapple Wins 2022 Tripadvisor Travelers' Choice Awards
  • Redfin Reports Sellers Rushing to Find Buyers Before Demand Weakens Further
Copyright © 2022 washingtoner.com | Terms of Service | Privacy Policy | Contact Us | Contribute