The Opioid Use Disorder Market is projected to reach $9.02 billion by 2032.
From GlobeNewswire: 2025-02-06 09:30:00
The Opioid Use Disorder Market was valued at $3.7 billion in 2023 and is projected to reach $9.02 billion by 2032, with a CAGR of 10.4%. The opioid crisis affects millions worldwide, with the U.S. reporting over 80,000 opioid-related overdose deaths in 2023. Governments are investing in treatment solutions, with the U.S. allocating $1.5 billion for MAT programs in 2023.
Innovative therapies and telemedicine platforms are driving market growth, with the FDA introducing new OUD medications in 2023. Major players include Indivior PLC, Alkermes plc, and Purdue Pharma L.P. Market scope covers North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Buprenorphine leads in drug class segmentation, with injectable administration dominating route of administration.
North America held a 66% market share in 2023, with the U.S. allocating $8 billion to combat the opioid crisis. Europe sees significant growth, with the EMA endorsing new OUD pharmacotherapies. Asia-Pacific is expected to witness the fastest growth, driven by increasing opioid consumption and developing healthcare infrastructure. Governments in countries like China and India are funding addiction treatment programs and public awareness campaigns. For instance, India’s National Health Mission allocated USD 200 million in 2023 for substance abuse treatment, including opioid use disorder. Recent developments include Indivior PLC releasing an improved injectable buprenorphine in the U.S., Camurus AB receiving EMA approval for an extended-release buprenorphine injection in Europe, and the Canadian government investing USD 300 million in OUD treatment programs.
Access the full Opioid Use Disorder Market Analysis & Outlook Report 2024-2032 for detailed insights on market dynamics, statistics, competitive landscape, and more. SNS Insider is a leading global market research and consulting agency providing clients with accurate data, consumer insights, and opinions to make informed decisions in a changing market landscape. Explore the report for in-depth analysis and industry best practices.
Read more at GlobeNewswire: Opioid Use Disorder Market Size Projected to Hit USD 9.02
