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