The APAC Addictions Therapeutics market size stood at around USD xx billion in 2022 and is projected to reach USD xx billion by 2030, exhibiting a CAGR of xx% during the forecast period
Drug addiction, also referred to as substance disorder, is a type of disease that hampers an individual’s brain and behavior leading to an inability to control the use of a legal or illegal drug or medication. Nonmedical use and abuse of prescription drugs is becoming a severe issue worldwide. Addiction to abusive substances is responsible for the death of millions of people across the world
The growth of the market is attributed to rising approval of new drugs and launch of digital therapeutics to treat addiction, conduction of various awareness campaigns and government efforts to counteract drug abuse and promote medication. However, high cost associated with drug development is hindering the growth of the addictions therapeutics market.