According to FutureWise analysis the market for Opioid Dependence Treatment in 2023 is US$ 3.07 billion, and is expected to reach US$ 6.93 billion by 2031 at a CAGR of 10.70%.
Opioid dependence combines aspects of opioid addiction and opioid use disorder, opioid drug addiction treatments are provided in several different settings by using a number of behavioural and pharmacological approaches. Treatments currently conducted are based around maintenance therapy with buprenorphine, opioid agonist and methadone, naltrexone or an opioid antagonist. Naloxone can be used as a rescue medication in case of an overdose and also it is used along with buprenorphine in some cases.
Opioid dependence has chronic impact on social wellbeing and economic conditions of the patient population.
Changing life science patterns and increasing utilization of narcotics in pain management is a major cause for opioid dependency. Further, the rising prevalence of opioid addiction among the global population fuelled the growth of the market. According to US NIH, opioid dependency affects 2 million among the US population and 15 million people global population. In 2016, more than 35,000 deaths were caused by misuse of opioids. Presently available treatment options are targeted towards detoxification and long-term agonist maintenance. At present, pharmacological therapies are proven effective over alternative therapies and boosted the growth of the market. Further, increasing dependency on pharmacological therapies by physicians is expected to fuel the demand during the forecast period.
North America is a major shareholder in global market due to increasing prevalence. The US is a major shareholder in global market and it is expected to remain same throughout forecast period. It is followed by the Europe region due to high adoption among the end user segment. Latin America is a fast growing region in the global market due to high prevalence of patient population. It is followed by Asia Pacific and Rest of World market accounts small fraction of global market and expected to remain the same throughout the forecast period.