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Addiction treatment Market to Reach Value of Approximately US$ 7.0 Bn by 2025

10-25-2019 01:42 PM CET | Health & Medicine

Press release from: Transparency Market Research

Addiction treatment Market

Addiction treatment Market

Drug addiction begins with voluntary consumption of drugs, but when the act becomes compulsive, it is said to become a disease, or addiction. Treatment of addiction or substance abuse is a long term process, and needs the support of both drugs as well as behavioral therapies According to report by Transparency Market Research (TMR), this perpetually increasing number is expected to create a number of avenues for the rise of the market for addiction treatment.

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A number of governments over the world offer support by implementing favorable reimbursement plans on prescription drugs or therapy sessions for treatment of addictions. The implementation of such programs are expected to boost interest in treatment of addiction or substance abuse.

Rise in Disposable Income to Augur Market Growth

Individuals with disposable incomes have the choicest medical facilities and programs at their disposal, and can take their pick based on the kind of services offered. This surge in the healthcare segment is expected to fuel the market for drug addiction further.

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Thus, the global market for addiction treatment is expected to witness a tremendous surge in the coming years. The industry is heavily influenced by the prevalent number of smokers and drug addicts in present times. With rising number of initiatives such as smoking cessation therapy, wellness programs by corporate companies, and subsidies, the market is expected to augment considerably over the coming years.

While the market growth looks promising, some factors pose a challenge to industry. The most significant factor that could hamper market development is the amount to time invested in treatment. Treatment for addiction may take anything between a few months, going up to several years. There is no set amount of time and is dependent on individual undergoing treatment. This is one vital determinant of the overall drug addiction treatment market.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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