Naltrexone Market Surges to USD 30.8 Billion by 2034 | Driven by Increasing Substance Abuse Awareness and Treatment Demand - Reports TMR

News provided by

Jul 24, 2024, 11:00 ET

The global naltrexone market is experiencing exponential growth driven by rising incidences of autoimmune diseases.

WILMINGTON, Del., July 24, 2024 /PRNewswire/ -- The global Naltrexone market stood at US$ 21 billion in 2023, and the global market is projected to reach US$ 30.8 billion in 2034. The Naltrexone market is anticipated to expand at a CAGR of 3.6% between 2024 and 2034.

The global naltrexone market is witnessing substantial growth, driven by several key factors. Naltrexone, a medication primarily used in the treatment of alcohol dependence and opioid addiction, plays a crucial role in managing substance abuse disorders and related conditions.

One of the primary drivers of the naltrexone market is the increasing incidence of substance abuse disorders worldwide. With growing awareness and recognition of the public health impact of alcoholism and opioid addiction, healthcare providers are increasingly prescribing naltrexone to help patients reduce cravings and maintain sobriety. This has significantly expanded the market for naltrexone-based therapies.

Moreover, naltrexone's effectiveness in reducing the rewarding effects of alcohol and opioids contributes to its adoption. By blocking opioid receptors in the brain, naltrexone helps individuals break the cycle of addiction and supports long-term recovery efforts. This mechanism of action has made naltrexone a cornerstone in medication-assisted treatment (MAT) programs globally.

Request a PDF Sample of this Report Now!
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=64916

Another key factor driving market growth is the rising prevalence of autoimmune diseases. Naltrexone has been found to have immunomodulatory effects, including reducing the inflammatory response of the immune system towards healthy tissues. This property has led to its exploration in treating autoimmune disorders such as multiple sclerosis and Crohn's disease, further expanding its therapeutic applications and market potential.

The market expansion is also supported by advancements in pharmaceutical formulations and delivery methods. Extended-release formulations of naltrexone have improved patient adherence and convenience, enhancing treatment outcomes for individuals undergoing MAT or managing chronic conditions.

Furthermore, government initiatives and healthcare policies aimed at addressing substance abuse and improving access to addiction treatment services are bolstering market growth. Increased funding for addiction research and treatment programs globally has created a conducive environment for the expansion of naltrexone-based therapies.

Naltrexone Market Report Scope:

Report Coverage	Details
Forecast Period	2024-2034
Base Year	2020-2022
Size in 2023	US$ 21.0 Bn
Forecast (Value) in 2034	US$ 30.8 Bn
Growth Rate (CAGR)	3.6 %
No. of Pages	123 Pages
Segments covered	By Type, By Application, By Region

Key Takeaways of Market Report

Global Naltrexone market to generate absolute dollar opportunity worth US$ 30.8 billion until 2034.
Global Naltrexone market is valued at US$ 21 billion in 2023.
North America is forecasted to hold the largest share in 2023.

Naltrexone Market: Growth Drivers

According to the National Health Council, autoimmune diseases are reaching epidemic proportions, with studies suggesting an annual increase of 3-12%. These conditions arise when the immune system mistakenly attacks healthy cells, leading to chronic inflammation and tissue damage. The rising prevalence underscores the urgent need for effective treatments like naltrexone, which not only helps manage autoimmune responses but also addresses associated conditions such as chronic pain and substance abuse disorders.
Opioids are a class of potent drugs known for their analgesic (pain-relieving) and sedative properties. They act on opioid receptors in the brain and body to alleviate pain and induce a sense of euphoria. Despite their therapeutic benefits, opioids carry a high risk of dependence and addiction due to their addictive properties. Naltrexone plays a crucial role in opioid addiction treatment by blocking opioid receptors, thereby reducing cravings and preventing the euphoric effects associated with opioid use, supporting individuals in achieving and maintaining sobriety.

Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=64916

Naltrexone Market: Regional Landscape

North America maintained its dominance in the naltrexone market in 2023 and is expected to continue leading through the forecast period. This is driven by advanced healthcare infrastructure in the United States and Canada, supported by robust research and development activities. These factors enable widespread adoption of naltrexone-based therapies for treating alcohol dependence, opioid addiction, and other related disorders.
Asia Pacific has seen significant growth in the naltrexone market share, attributed to increasing awareness campaigns promoted by governmental and non-governmental organizations. Efforts to combat alcohol and opioid addictions are driving the demand for naltrexone across the region, with initiatives aimed at educating healthcare professionals and the general public about the benefits of using naltrexone as an antagonist therapy.

Naltrexone Market: Key Players

In 2023, Sun Pharma focused on expanding its portfolio of generic naltrexone formulations to cater to the growing demand for addiction treatment globally. The company strengthened its manufacturing capabilities and distribution networks to ensure a reliable supply of naltrexone medications, thereby enhancing accessibility for patients seeking treatment for alcohol and opioid dependence.
In 2023, Sanofi has continued to invest in research and development initiatives aimed at advancing naltrexone-based therapies. The company focused on developing novel formulations and delivery methods for naltrexone, including extended-release formulations that improve patient compliance and treatment outcomes.

Naltrexone Market: Segmentation

Type

25 mg
50 mg

Application

Opioid Independence
Alcohol Independence

End-user

Hospitals & Clinics
Rehabilitation Centers
Wellness Centers
Others (Research and Academic Institutes, etc.)

Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Purchase the Report for Market-Driven Insights:
https://www.transparencymarketresearch.com/checkout.php?rep_id=64916&ltype=S

Have a Look at More Valuable Insights of Pharmaceutical

Peptide Therapeutics Market: The worldwide market for peptide therapeutics is forecasted to augment at a CAGR of 8.8% from 2022 to 2031. According to Transparency Market Research, sales of Peptide Therapeutics are slated to total USD 91.25 Bn by the end of the aforementioned period of assessment.
Cell Culture Market: The global cell culture market stood at USD 10.5 Bn in 2020 and the global market is projected to reach USD 27.6 Bn by 2031. The global industry is anticipated to expand at a CAGR of 9.0% between 2021 and 2031.
Spine Biologics Market - Rise in prevalence of spinal disorders and increase in geriatric population is driving the global spine biologics market.
Gene Vector Market – Market for Gene Vector is projected to advance at a CAGR of 12.6% from 2022 to 2031 and reach more than US$ 3.4 Bn by the end of 2031.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: [email protected]
Follow Us: LinkedIn | Twitter | Blog | YouTube