Industry Background:
Nicotine addiction treatment is a holistic approach to treat persons with nicotine dependency. Nicotine is one of the main constituents of tobacco products with around 40 million American youth smoking on regular basis. Governmental and non-governmental agencies have upped the ante to promote de-addiction programs which led to rise in various Nicotine addiction treatment methods such as CBT – Cognitive Behavioral Therapy, dialectical behavioral therapy (DBT), Eye Movement Desensitization and Reprocessing Therapy (EMDT) and other effective holistic therapies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Addex Therapeutics Ltd [Switzerland], Astraea Therapeutics, LLC [United States], Cerecor Inc. [United States], Embera NeuroTherapeutics, Inc. [United States], Hager Biosciences, LLC [United States], Heptares Therapeutics Limited [United Kingdom], Omeros Corporation [United States] and RTI International [United States] |
This growth is primarily driven by Growing Consumption of Tobacco Products Owing to Changing and Stressful Lifestyle and Socially and Culturally Backed Promotion Towards Nicotine Prohibition.
Globally, a noticeable market trend is evident Growing Focus on Finding Root Cause of Addiction
The Diseases & Therapeutic Areas sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Addex Therapeutics Ltd [Switzerland], Astraea Therapeutics, LLC [United States], Cerecor Inc. [United States], Embera NeuroTherapeutics, Inc. [United States], Hager Biosciences, LLC [United States], Heptares Therapeutics Limited [United Kingdom], Omeros Corporation [United States] and RTI International [United States], etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The nicotine addiction treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research.
Key Developments in the Market:
In January 2015, Addax and Dystonia Medical Research Foundation announce partnership to explore therapeutic use of dipraglurant in treatment of dystonia Source text for Eikon: Further company coverage.
In January , 2024 Addex Therapeutics (SIX and Nasdaq: ADXN), a clinical-stage pharmaceutical company pioneering allosteric modulation-based drug discovery and development, today announced that Tim Dyer, Chief Executive Officer, will present at Biotech Showcase being held in San Francisco, January 8-10, 2024.
Influencing Trend:
Growing Focus on Finding Root Cause of Addiction and Integration of Clinical and Homeopathic Methods
Market Growth Drivers:
Growing Consumption of Tobacco Products Owing to Changing and Stressful Lifestyle and Socially and Culturally Backed Promotion Towards Nicotine Prohibition
Challenges:
Lack of Health Budgets in Emerging Countries and Adverse effect on health Owing to Prolonged Use of De-Addiction Drugs
Restraints:
High Cost of Nicotine Addiction Treatment Methods
Opportunities:
Favorable Government Initiatives to Spread Awareness About Health Drug Addiction
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Nicotine Addiction Treatment Market
- Analysis about New Entrants in Nicotine Addiction Treatment Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Nicotine Addiction Treatment Study Sheds Light on
The Nicotine Addiction Treatment Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Nicotine Addiction Treatment industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nicotine Addiction Treatment industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.