Although the healthcare industry relies on the patient to take medications responsibly; in 2017, close to 18 million individuals were reported to have misused prescription drugs, in the US. In fact, data from a National Survey on Drug Use and Health conducted in the same year, showed that an estimated 2 million Americans misused prescription pain relievers for the first time in the previous year. Moreover, the same study reported 1.5 million people abusing tranquilizers, over 1 million abusing prescription stimulants and more than 270,000 abusing sedatives, for the first time, in the same time period.
Prescription drugs have the ability to sabotage the lives of individuals as much as illicit narcotic substances, such as cocaine and heroin. In fact, many people start using such medications legitimately; over time, they get addicted and are unable to quit, adding to the growing healthcare burden
A number of technologies currently claim to enable the development of drug formulations that are difficult to misuse, deterring addicts and illicit drug users from manipulating prescription medications
Altering drug release features is one of the most commonly used approaches to prevent misuse, and the primary focus is on opioid drugs; the market features the presence of both new entrants and established players
Although there are several types of technology platforms that are designed to develop difficult-to-abuse formulations of prescription pharmaceuticals, they differ in terms of efficacy and applicability.
Over the years, more than 8,000 patents have been granted / filed related to abuse deterrent technologies, across the globe, indicating the growing research interest in this field
Increasing partnership activity within this domain is indicative of the growing interest of stakeholders in developing innovative abuse deterrent drug formulations
The upcoming opportunity in the market is likely to be driven by licensing activity and will depend on the capability of novel technologies to meet unmet drug delivery needs
The market share is likely to be distributed across different approaches and types of end products; developed regions are anticipated to continue to dominate, in terms of revenue generation potential, in the coming years
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Arun is an enthusiastic professional and has been associated with Roots Analysis since the very early years. He has led multifaceted roles over the years be it business research, consulting, competitive intelligence, IT & technology, sales and marketing. He currently drives strategic thinking and execution within the sales and marketing domain. With educational background in life sciences from Thapar University and digital marketing credentials from Indian School of Business, he has led a lot of critical initiatives at the organization. His background in life sciences has been one of the key reasons for quick understanding and implementation of customized marketing strategies. During his early years, he has led multiple consulting assignments for global clients ranging from competitive landscaping, deal structuring and preparing go-to-market strategy for his clients.