Rising Demand of Addiction Treatment is Poised to Expand at a CAGR of 6.7% by 2032

The global addiction treatment market size is poised to expand at a CAGR of 6.7% during the forecast period (2020-2025).
Addiction to various substances has been a major problem across the world. Abuse of substances such as alcohol, marijuana, prescription medicine, tobacco, and others inflict exhausting damage to the human body. Out of these, tobacco consumption, mostly in the form of cigarette smoking, is a leading cause of death in the world.

The increased prevalence of cigarette smoking has improved the prospects for the tobacco and nicotine addiction treatment market.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=S&rep_id=4712?PS

Cigarette smoking has increased the prevalence of lung cancer and cardiovascular diseases. More than 8 million people die each year as a result of tobacco consumption.
In response to the pandemic, the American Society of Addiction Medicine (ASAM) has convened the Caring for Patients during the COVID-19 Task Force (CPDC). This forum includes a national panel of experts in addiction medicine to produce extensive resources tailored to addiction medicine treatment within the context of COVID-19.

They are also capitalizing on the current scenario to boost the production of certain drugs. For instance, Alkermes is in the process of identifying new providers who are currently available to regulate injections of their medicines, including appropriate retail pharmacies and clinics.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:

• North America is poised to capture more than the two-fifths market share of the global addiction treatment market.

• Asia-Pacific shall grow the market size, at a CAGR of 6.9%

• By treatment centers, the outpatient treatment segment is poised to capture around three-fifths of the global addiction treatment market, expanding 1.5x during the forecast period.

• By distribution channel, the hospital's segment is anticipated to be the most attractive, capturing more than half of the market share in the global addiction treatment market.

𝗚𝗿𝗼𝘄𝘁𝗵 𝗗𝗿𝗶𝘃𝗲𝗿𝘀:

• The increased prevalence of cigarette smoking in youths has boosted the prospects for the tobacco and nicotine addiction treatment market
• Initiatives such as the establishment of smoke-free cities in countries like China especially for youths are also projected to drive the growth of the addiction treatment market.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=RC&rep_id=4712

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲:

The competitive landscape of the Addiction Treatment Market focuses on awareness campaigns to desist individuals from the habit of tobacco consumption.

• The global addiction treatment market consists of the following players: Alkermes, Purdue Pharma, Recket Benckiser (Indivior), Orexo AB, and Teva Pharmaceuticals. These companies are involved in the production of de-addiction drugs and other formulae to assist patients in reducing their dependence on substances.
•
• This drug is typically designed for outpatient settings where patients are able to abstain from alcohol consumption without the need for constant supervision. Similarly, Allergan manufactures Campral Acamprosate which helps in alcohol deaddiction by restoring the natural chemical balance in the brain.

𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱 𝗯𝘆 𝗙𝗮𝗰𝘁.𝗠𝗥

• Alkermes
• Purdue Pharma
• Recket Benckiser (Indivior)
• Orexo AB
• Teva Pharmaceuticals

𝗠𝗼𝗿𝗲 𝘃𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗔𝗱𝗱𝗶𝗰𝘁𝗶𝗼𝗻 𝗧𝗿𝗲𝗮𝘁𝗺𝗲𝗻𝘁 𝗠𝗮𝗿𝗸𝗲𝘁:

Fact.MR, in its report, offers a market analysis of the global Addiction Treatment Market the forecast period through 2020 and beyond. This survey reveals the growth of Healthcare in the Addiction Treatment Market with detailed segmentation as follows

Treatment Type

• Alcohol Addiction Treatment
• Tobacco/Nicotine Addiction Treatment
• Opioid Addiction Treatment
• Other Substances Addiction Treatment

Drug Type

• Bupropion
• Varenicline
• Acamprosate
• Disulfiram
• Naltrexone
• Methadone
• Buprenorphine
• Nicotine Replacement Products
• Others

Treatment Centers

• Outpatient Treatment Centers
• Residential Treatment Centers
• Inpatient Treatment Centers

Distribution Channel

• Hospital Pharmacy
• Medical Stores
• Others

Key Regions

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

𝗚𝗲𝘁 𝗙𝘂𝗹𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/checkout/4712

Key Questions covered in the Addiction Treatment Market Report

• The report offers insight into the addiction treatment demand outlook for 2020-2025
• The market study also highlights projected sales growth for the addiction treatment market between 2020 and 2025

• Addiction treatment market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

• Addiction treatment market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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This release was published on openPR.