Canada Addiction Market Analysis

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  • Type: Common Disease Area
  • Published : April 2021
  • Region: North America
  • Country: Canada
  • Report ID : 3130

  • Format: PPT, PDF

Canada Addiction Treatment Market: Segmented by Drug Class (Bupropion, Varenicline, Acamprosate, Disulfiram, Nicotine Replacement Products, & Others), By Distribution Channel (Hospital Pharmacies, Medical Stores, & Others) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The Canadian Addiction Treatment market size stood at around USD 3 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

In Canada, it is estimated that approximately 21% of the population (about 6 million people) will meet the criteria for addiction in their lifetime. Alcohol was the most common substance for which people met the criteria for addiction at 18%. Canada has one of the highest rates of cannabis (also known as Marijuana) use globally, with more than 40 percent of Canadians having used cannabis in their lifetime, and about 10 percent have used it in the past year. In any given year, 1 in 5 Canadians experiences a mental illness or addiction problem. By the time Canadians reach 40 years of age, 1 in 2 have had a mental illness. The disease burden of mental illness and addiction in Ontario is 1.5 times higher than all cancers put together and more than 7 times that of all infectious diseases. Drug addiction is a biological issue. Without taking a medical approach to recovering from addiction, the person suffering will have a more challenging time and be much more likely to relapse.

Market Drivers

The increased prevalence of cigarette smoking has boosted the prospects for the tobacco and nicotine addiction treatment market. Moreover, the broader availability of nicotine replacement products and drugs to combat tobacco and nicotine addiction shall also drive market growth. Additionally, an increasing number of treatment centers with collaborations with private recovery facilities are entering the market, thus helping in the expansion of treatment access to a higher number of people in society. Furthermore, other factors, such as an increased number of addicted populations and technological advancement in the diagnostics industry, transform and drive this market. Similarly, awareness campaigns and government efforts to counteract drug abuse and promote medication for all sorts of addiction treatments would fuel the market growth during the forecast period. However, the discontinuation of behavioral therapies often leads to a relapse of addiction, which is a crucial factor hindering the market’s growth.

Major Addiction Treatment types

Based on treatment type, the addiction treatment market has been classified into alcohol addiction treatment, tobacco/nicotine addiction treatment, opioid addiction treatment, and other substance addiction treatment. Tobacco, the most widely used addictive substance, is the leading cause of premature mortality in Canada. Smoking is responsible for nearly 17% of all deaths. Among Ontarians aged 25 to 34, 1 of every 8 deaths is related to opioid use.

 

1. Canada Addiction Treatment Market Overview…………………………………
A. Market Size
2. Market Growth Drivers…………………………………………….……………………….
A. Rising Prevalence of Prescription Drug Abuse
B. Growing R&D Investments in Diagnostics Industry
3. Major Addiction Treatment types………………………………………….…
A. Alcohol Addiction Treatment
B. Tobacco/Nicotine Addiction Treatment
C. Opioid Addiction Treatment
D. Other Substances Addiction Treatment
4. Addiction Treatment Market Segmentation…………………………………………
A. By Drug Class
I. Bupropion
II. Varenicline
III. Acamprosate
IV. Disulfiram
V. Nicotine Replacement Products
VI. Others
B. By Distribution Channel
I. Hospital Pharmacies
II. Medical Stores
III. Others
5. Addiction Treatment Major Products Market Share…………………….…………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape……………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. GlaxoSmithKline Plc overview, Product & Services, Strategies & Financials
B. Johnson and Johnson Company overview, Product & Services, Strategies & Financials
C. Pfizer Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of Addiction Treatment Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Drug Class:

In terms of drug type, the addiction treatment market has been segmented into bupropion, varenicline, acamprosate, disulfiram, naltrexone, methadone, buprenorphine, nicotine replacement products, and others. The nicotine replacement products segment held a significant market share in 2019. The rise in the number of smokers has increased concerns about health risks for both smokers and passive smokers. This drives the nicotine replacement products segment of the Canadian addiction treatment market.

By Distribution Channel:

In terms of distribution channels, the addiction treatment market has been segmented into hospital pharmacies, medical stores, etc. The distribution channel segmentation has been done based on the purchase of drugs prescribed for addiction treatment. The critical market share held by the Hospital and Clinics segment is due to the present situation of delayed detection of the condition because of apprehension on availing the treatment among the patients.

Major Players

The Canadian addiction treatment market players are involved in the production of de-addiction drugs and other formulae to assist patients in reducing their dependence on substances. This industry has no major players with a market share of greater than 5%.

Some of the significant players are Johnson and Johnson, GlaxoSmithKline, Takeda Pharmaceuticals Co. Ltd., NJOY, Pfizer Inc., Cipla Ltd, etc.

 

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

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We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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