Global Drug Addiction Treatement Market Sees Promising Growth||Players- Sigmapharm Laboratories, LLC, Bausch Health, Currax Pharmaceuticals LLC, Alkermes, GlaxoSmithKline plc, Mallinckrodt plc

An influential Drug Addiction Treatement market report covers an array of factors that have an influence on the market and pharmaceutical industry which includes industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, drivers, restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. Be it about considering public demands, competencies and the constant growth of the working industry, vibrant reporting, or about high data protection services. For better understanding of the market and leading business growth, global Drug Addiction Treatement market research report is the ideal solution.

Global drug addiction treatment market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market is growing with the healthy CAGR in the above-mentioned forecast period. Factors such as growing patient awareness, higher treatment seeking rate, increased government initiatives and awareness program are expected to drive the growth of drug addiction treatment market worldwide.

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The major players covered in the drug addiction treatment market are Alvogen, Hikma Pharmaceuticals PLC, Sigmapharm Laboratories, LLC, Bausch Health, Currax Pharmaceuticals LLC, Alkermes, GlaxoSmithKline plc, Mallinckrodt plc, Teva Pharmaceutical Industries Ltd, AND Pharmaceutical Associates Inc, among others.

COVID-19 IMPACT ON DEMAND

The COVID-19 pandemic has lifted the drug addiction treatment industry from its niche pedestal to the mainstream sector. The outbreak of COVID-19 pandemic has further expanded the role of drug addiction treatment due to well spread awareness regarding weakening of immunity and cardiovascular system due to excessive drug consumption. In long run, the COVID-19 pandemic has the potential to profoundly transform the drug market. Several companies operating in the domain are working to develop an opioid substitution therapy and other medication and some have already entered the landscape of the drug addiction market to increase their revenue by meeting the emergent need of sustainable and reliable therapies.

For instance,

In the U.S., during July 2020, federal government made law transformations to make the addiction treating drug naloxone accessible during the pandemic. FDA made amendments for the manufacturers to upgrade their respective package inserts and add on naloxone associated recommendations.
The demand for drug addiction treatment surged as available research outcomes suggested that drug addicts are more likely to experience worse COVID-19 outcomes. In order to decrease the mortality rate of patients undergoing rehabilitation programmes accessible and unhindered, the supply of addiction treatment drugs are required. In the U.S., an investigating team reported that while individuals with substance use disorder accounted for 10.3% of the overall study population, they accounted for 15.6% of COVID-19 cases and were also prone to worse COVID-19 outcomes such as hospitalization or death than general population.

One of the major reason of the rising demand of addiction treatment is the enforcement and up gradation of certain laws enabling easy access to naloxone. Alcohol consumption rates rose during the first few months of the pandemic pointing to the urgent need for effective public health and medical responses. Due to sudden unavailability of alcohol and other illicit substances, the drug addicts were subjected to withdrawal syndrome. In drug addicts, the cardiac system and the respiratory system are generally compromised making them more susceptible to the COVID-19 outbreak. These makes the drug addict fall under the category of high-risk group. Many scientific findings have suggested that drug addict patients’ needs to be monitored closely in order to develop high potential action plans to shield them from COVID-19 and its worse outcomes. Therefore, the significant rise in the demand of drug addiction treatment medications could be experienced by the key market players of the drug addiction market.

The pandemic associated restrictions as lockdown have increased the risk of substance use disorder or relapse. Also, post lockdown, the substance use may rise. As the Asia-Pacific region which also has the highest ratio of drug users was the hotspot of the COVID-19 pandemic, the drug abuse demand is rising most rapidly in this region. Europe is another region having the highest number of drug addicts which holds good opportunity for the drug addiction market.

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Global Drug Addiction Treatment Market Scope and Market Size

Drug addiction treatment market is segmented on the basis of types, treatment, route of administration, end-users and distribution channel.

On the basis of types, the drug addiction treatment market is segmented into opioid addiction, barbiturate addiction, benzodiazepine addiction and others
The treatment segment for drug addiction treatment market includes therapy, medication and others. The medication segment is further categorized into opioid agonist, opioid antagonist, NMDA receptor agonist, nicotine replacement therapy and others
Route of administration segment of drug addiction treatment market is segmented into oral and parenteral and others
On the basis of end-user, the drug addiction treatment market is segmented into hospitals, specialty clinics and others
On the basis of distribution channel, the drug addiction treatment market has also been segmented into hospital pharmacy, retail pharmacy and others

Table Of Content:

Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Drug Addiction Treatement Market Landscape
Part 04: Global Drug Addiction Treatement Market Sizing
Part 05: Global Drug Addiction Treatement Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

And More…..Get Detailed TOC At https://www.databridgemarketresearch.com/toc/?dbmr=global-drug-addiction-treatment-market&kalyani

Drug Addiction Treatment Market Country Level Analysis

Drug addiction treatment market is analyzed and market size information is provided by country, types, treatment, route of administration, end-users and distribution channel as referenced above.

The countries covered in the drug addiction treatment market report are U.S., Canada, Mexico in North America, Brazil, Argentina, Peru, Rest of South America, as part of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, in the Asia-Pacific, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa, as a part of Middle East and Africa.

Asia-Pacific is expected to account for the largest market share over coming years for the drug addiction treatment market due to high prevalence of drug addiction and number of generic drugs. Europe is considered to hold bright growth prospects in the coming years with escalating prevalence of substance use disorder while North America is considered to lead the growth due to the focus of global players on novel technology or formulation of existing drugs.

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