The global opioid use disorder treatment market is expected to attain an impressive valuation of USD 3.07 billion in 2023 and is projected to reach USD 8.4 billion by 2033, trailing a CAGR of 10.5% during the forecast period.
A growing number of treatment centers, with mergers with private recovery institutions to aid in the extension of treatment access to a wide range of people is expected to push market growth. Moreover, increasing initiatives and funding by government for the awareness and treatment of opioid use disorder is estimated to contribute to market expansion during the forecast period.
On the other hand, rising government investments in technology and telecommunication to fortify the healthcare infrastructure is anticipated to propel market growth.
Report Attribute | Details |
---|---|
Expected Market Value (2023) | USD 3.07 billion |
Anticipated Forecast Value (2033) | USD 8.4 billion |
Projected Growth Rate (2023 to 2033) | CAGR 10.5% |
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The market for opioid use disorder treatment was worth USD 2.1 billion in 2018, while growing at a CAGR of 7.89 % during the historical period. One of the key factors propelling market’s growth is the increase in drug awareness campaigns and associated preventive programs. In many nations, it includes improved patient awareness, a higher percentage of treatment-seeking with enhanced government participation, and encouragement to combat substance misuse.
Additionally, an increasing number of treatment centers with partnerships with private recovery institutions are entering the market, assisting in the extension of treatment access to a broader range of people in society which is expected to contribute to market’s growth in the coming years.
Also, the high prevalence of comorbid illnesses is accountable for wrong prescription drugs. Therefore, the rising consumption of non-medical prescription drugs and increasing overdose deaths are expected to propel market growth during the forecast period. Considering these factors, the demand for Opioid use treatment products is projected to garner a valuation of USD 8.4 billion by end of the forecast period, while exhibiting a CAGR of 10.5%.
Adoption of buprenorphine patches propelling market expansion
The increasing consideration of buprenorphine patches as an effective treatment mode is fueling the market growth. Buprenorphine patches are becoming gradually popular as an effective treatment for opioid use disorder, which is expected to propel opioid use disorder market. These patches containing buprenorphine are regarded as a cutting-edge method for treating these disorders.
Likewise, transdermal patches offer numerous benefits over other kinds of treatment, such as injections, including the most pleasant drug delivery system, excellent pain relief, and self-administration of drug. Also, growing adoption of key strategies such as collaboration, acquisition, agreement, and partnership by opioid industry of opioids use disorder is leading to market expansion. For example, in February 2019, Indivior PLC, a pharmaceutical company, made a revelation about an agreement with Alvogen Pine Brook LLC, a pharmaceutical company for sell of generic buprenorphine and naloxone sublingual film product.
Side-effects from drug administration to restrain market expansion
One of the restraining factors that is expected to restrain growth of Opioid use disorder treatment market is the side effects that might arise from the drugs administration for treatment of opioid addiction. Some of the typical side-effects from these drugs include vomiting, bladder pain, abdominal cramps, diarrhea, respiratory complications, bone or joint pain, muscle aches, and constipation which are expected to hold back market growth. Moreover, in few certain severe cases of adverse reaction, the patient may also suffer from psychological problems such as depression. Thus, restricting market expansion.
North America to dominate the market with maximum share
North America is expected to dominate the market of Opioid use disorder treatment by garnering a market share of 48% by end of the forecast period. This region is estimated to grow with a CAGR of 8.2% during the projected period. It is set to remain at the forefront because of the presence of reputed pharmaceutical companies in this region. At the same time, the increasing government initiatives for handling the growing opioid dependency would fuel the market for opioid use disorder in the forthcoming years.
Also, the market in United States is further anticipated to witness launch of new products entering the market in the forecast period, such as Braeburn’s CAM-2038-additional buprenorphine subcutaneous formulation for, potentially, monthly injection. If approved, it will have a benefit over Sublocade-Sublocade needs an initiating treatment with oral buprenorphine for seven days until dose stabilization, while CAM-2038 will not have this prerequisite. It is projected to further boost the North America opioid use treatment market.
East Asia driving growth with fastest CAGR
East Asia was the second-largest contributor in opioid use disorder treatment market in 2022, and is anticipated to register fastest CAGR of 8.8% during the forecast period. The growth is attributed to increasing number of geriatric populations, rising awareness regarding availability of healthcare services and growth in the number of chronic diseases. On the other hand, to tackle the severe drug problem in China, the government has adopted the Methadone Maintenance Treatment program, a multi-faceted therapeutic approach that aims to reduce the health and social problem created by drug epidemics. This will further help in fueling growth in this region.
On the other hand, lower opioid use is reported in Japan as compared to China. This makes Japan, the second biggest market for treatment of Opioid use disorder in this region. This country is projected to exhibit a CAGR of 7.9% during the forecast period. Factors such as growing government support for improving healthcare infrastructure, advancements in medical technology, and rising use of opioids in pain management by elderly population will aid in market expansion.
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Buprenorphine segment propelling growth with dominating share
This segment is estimated to dominate the market with an impressive 81.4% market share by end of the forecast period. This segment is also most likely to grow with the fastest CAGR of 9.2% during the projected period. The growth is attributable to the increasing usage of these drugs in developed markets, like in France and the United States.
Moreover, its high effectiveness in managing addiction, with low potential for abuse and relatively mild adverse effects, and its favorable formulary coverage, are factors that can be attributed to the increasing adoption of this drug. Buprenorphine/naloxone sublingual tablets, buprenorphine sublingual tablets, and branded Suboxone are the most widely prescribed drugs for the treatment of Opioid use disorder. Also, suboxone film is the most prescribed drug in Opioid disorder treatment market, owing to its excellent clinical profile. This will bolster the segment’s growth.
Hospitals driving growth with maximum market share
The hospital pharmacies are expected to dominate the market by accounting for 35% market share by end of the forecast period. This segment is anticipated to propel with a CAGR of 7.9% during the forecast period. Hospitals are the primary care facilities with abundant presence of well-trained, skilled staff and professionals who assist patients in receiving effective treatment.
Furthermore, adoption of prescribed therapy in clinics and hospitals helps in physician-supervised drug delivery. This is one of the major factors propelling sales of opioids via hospital pharmacies. Other medications, such as ‘naloxone’, which is an opioid-analgesic are made available in hospital pharmacies free of cost for easier access to patients with Opioid use disorders. All these factors are expected to fuel this segment’s growth.
Start-ups help in understanding the outlook of any market. Start-ups also have the potential to generate higher returns which directly benefits in expansion of any market. This is because these are typically more efficient at converting inputs into outputs. These are more flexible and adaptable, able to shift quickly in response to changing market conditions. Some of the start-ups that will fuel the expansion of opioid use disorder treatment market are:
The opioid use disorder treatment market is competitive and consists of several major players. Major players are creating novel delivery systems for the treatment of Opioid use disorder. This is expected to propel Opioid use disorder treatment market. The major players in the market are: Trevena, Opiate Pharmaceutical, Aphios, Kyowa kirin, Gamida-Cell, Novartis, Titan Pharmaceuticals, Inc., Hikma Pharmaceuticals, MediciNova, Alkermes, Inc., BioDelivery Sciences International, Inc. Key market players are concentrating on adoption of inorganic growth strategies such as acquisition, partnerships, and collaboration in order to improve their product portfolio. This is expected to propel the global Opioid use disorder treatment market.
Some recent developments in the market are:
Report Attribute | Details |
---|---|
Market Value in 2023 | USD 3.07 billion |
Market Value in 2033 | USD 8.4 billion |
Growth Rate | CAGR of 10.5% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Drug Type, Route of Administration, Distribution Channel, Region |
Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, Indonesia, Singapore, Thailand, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled | Trevena; Opiate Pharmaceutical; Aphios; Kyowa kirin; Gamida-Cell; Novartis AG; Titan Pharmaceuticals, Inc.; Hikma Pharmaceuticals; MediciNova; Alkermes, Inc.; BioDelivery Sciences International Inc. |
Customization | Available Upon Request |
The market is estimated to achieve USD 8.4 billion by 2033.
The market is forecast to register a CAGR of 10.5% through 2033.
From 2018 to 2022, the global market exhibited 7.89% HCAGR.
A 48% of market share belongs to North America.
During the forecast period, it is anticipated that East Asia experiences a CAGR of 8.8%.
The buprenorphine sector is expected to surge to a share of 81.4% by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drug Type 5.1. Romiplostim 5.2. Omidubicel 5.3. Nalmefene 5.4. Buprenorphine 5.5. Methadone 5.6. Naltrexone 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Route of Administration 6.1. Oral 6.2. Parenteral 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Hospital Pharmacies 7.2. Retail Pharmacies 7.3. Online Pharmacies 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. South Asia 8.5. East Asia 8.6. Oceania 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Trevena 18.2. Opiate Pharmaceutical 18.3. Aphios 18.4. Kyowa Kirin 18.5. Gamida-Cell 18.6. Novartis 18.7. Titan Pharmaceuticals, Inc. 18.8. Hikma Pharmaceuticals 18.9. MediciNova 18.10. Alkermes, Inc. 18.11. BioDelivery Sciences International, Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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