- Press Release
- Drug Abuse Treatment Market to Surpass US$ 26.3 Bn Threshold by 2026
Drug Abuse Treatment Market to Surpass US$ 26.3 Bn Threshold by 2026 - Coherent Market Insights
Published On : Jul 25, 2018
Global Drug Abuse Treatment Market, by Abuse Type (Alcohol Dependence, Tobacco/Nicotine Addiction, and Opioid Addiction), by Drug Type (Disulfiram, Acamprosate, Naltrexone, Methadone, Buprenorphine, Nicotine Addiction Treatment ((Nicotine Replacement Treatment (Nicotine Patch, Nicotine Gum, Nicotine Lozenge, Nicotine Spray, and Nicotine Inhaler)) ((Non-Nicotine Medication, (Bupropion, and Varenicline)), and Others), by Distribution Channel (Hospital, Retail Pharmacy, and Online Pharmacy) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 13.4 Bn in 2017, and is projected to exhibit a CAGR of 7.8% over the forecast period (2018 – 2026).
Increasing launches of novel drugs for treatment of drug abuse in market is expected to drive the global drug abuse treatment market growth in near future. For instance, in 2015, Mylan N.V. launched its new drugs Disulfiram Tablets USP, 250 mg and 500 mg in the U.S. market, drugs Disulfiram Tablets USP is a generic version of Odyssey Pharmaceutical's Antabuse. In 2017, Glenmark Pharmaceuticals launched its new nicotine replacement therapy namely Kwitz in India. Kwitz is a nicotine gum and is available in two variants Kwitz 2 mg and Kwitz 4 mg. Kwitz 2 mg is for the smokers having less than 20 cigarettes per day and Kwitz 4 mg is for those who smoke more than 20 cigarettes per day. In April 2018, Lil' Drug Store Products Inc. launched its Nicotac brand nicotine gum in market. Lil' Drug Store Products Inc. has launched its Nicotac in two nicotine strengths (2 mg and 4 mg nicotine polarcrilex). In 2017, Cipla Health, an arm of Cipla Limited launched a new Nicotex Nicotine Patches. Nicotex Nicotine Patches are skin/transdermal patches, which helps to quit smoking in 12 months. Company has launched its patches in 3 strengths 21 mg, 14 mg, and 7 mg. 21 mg patch is for one who smoke more than 20 cigarette a day, 14 mg is for those who smoke less that 20 cigarette a day
Browse 23 Market Data Tables and 26 Figures spread through 180 Pages and in-depth TOC on Drug Abuse Treatment Market By Abuse Type (Alcohol Dependence, Tobacco/Nicotine Addiction, and Opioid Addiction), By Drug Type (Disulfiram, Acamprosate, Naltrexone, Methadone, Buprenorphine, Nicotine Addiction Treatment ((Nicotine Replacement Treatment (Nicotine Patch, Nicotine Gum, Nicotine Lozenge, Nicotine Spray, Nicotine Inhaler)) ((Non-Nicotine Medication, (Bupropion, and Varenicline)), and Others), By Distribution Channel (Hospital, Retail Pharmacy, and Online Pharmacy) and Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) - Global Forecast to 2026
To know the latest trends and insights prevalent in the drug abuse treatment market, click the link below:
https://www.coherentmarketinsights.com/market-insight/drug-abuse-treatment-market-2011
Furthermore, increasing prevalence of drug abuse and dependence in key regions are expected to increase the demand for its treatment and management drugs in near future. For instance, according to the Substance Abuse and Mental Health Services Administration (SAMHSA), around 830,000 people in the U.S. used heroin in 2015, which is more than double the number from 2002. Such increasing rates of drugs abuse are expected to fuel growth of the global drug abuse treatment market in near future.
Key Takeaways of the Drug Abuse Treatment Market:
Joining thousands of companies around the world committed to making the Excellent Business Solutions.