From 2015 to 2020, the Launch of Novel Agents from BioTie Therapies/Lundbeck and Titan Pharmaceuticals Will Drive Market Growth, According to Findings from Decision Resources
BURLINGTON, Mass.--(BUSINESS WIRE)-- Decision Resources, one of the world’s leading research and advisory firms for pharmaceutical and healthcare issues, finds that, despite a near-term decline in the overall size of the market, the drug market for addiction disorders (nicotine, alcohol, opioid and psychostimulants) will increase from just under $2 billion in 2010 to more than $2.4 billion in 2020 in the United States, France, Germany, Italy, Spain, the United Kingdom and Japan. From 2015 to 2020, the launch of novel therapies—most notably, BioTie Therapies/Lundbeck’s nalmefene for alcohol dependence and Titan Pharmaceuticals’ buprenorphine implant for opioid dependence—will drive market growth.
The Pharmacor report entitled Addiction Disorders finds that significant unmet need and opportunity will remain in the addiction disorders therapy market through 2020. Additionally, despite having the largest prevalent population among the addiction disorders under study, the market for alcohol addiction will represent only 13 percent of the total addiction space in 2020. According to interviewed experts, emerging agents will do little to address the dearth of effective therapies for alcohol addiction, particularly in the United States.
According to the report, factors constraining the addiction disorders market will include the potential launch of generic buprenorphine/naloxone sublingual tablets (Reckitt Benckiser Pharmaceuticals’ Suboxone sublingual tablets) in 2012 in the United States. However, from 2015 to 2020, the launches of novel therapies will drive market growth at an average annual rate of 5 percent.
“The uptake of two emerging agents will make the greatest contribution to the market—the launch of nalmefene in Europe in 2012 for alcohol dependence and the launch of the buprenorphine implant for opioid dependence in the United States in 2013 and in Europe in 2015,” said Decision Resources Principal Director of CNS Products, Andrea Witt, Ph.D.
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Decision Resources (www.decisionresources.com) is a world leader in market research publications, advisory services and consulting designed to help clients shape strategy, allocate resources and master their chosen markets. Decision Resources is a Decision Resources Group company.
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INDUSTRY KEYWORDS: Health Biotechnology Mental Health Pharmaceutical Other Health
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