Addiction Treatment Market Business Analysis, New Innovation | Share, Revenue, A
Posted by sachi kaushik on March 23rd, 2021
It is estimated that more than 8 million people die due to tobacco consumption. Cigarette smoking is the leading cause of lung cancers and various cardiovascular diseases. Increased cigarette smoking has prompted governments to initiate awareness campaigns to desist individuals from the habit. Moreover, introduction of de-addiction methods have greatly helped curb the menace of smoking. On the back of this, the global addiction treatment market is anticipated to expand healthily, growing 1.5X at a CAGR of 6.7% in the forecast period (2020-2025).
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The COVID-19 pandemic shall stimulate the addiction treatment market. As addicts tend to share water pipes and cigarettes while smoking and vaping in communal and social settings, the risk of the virus spreading compounds, resulting in increased cases of infection. Moreover, addicts already suffer from bronchial problems owing to the damage inflicted upon their lungs while consuming tobacco and marijuana.
Key Takeaways of Global Addiction Treatment Market Study:
“The global addiction treatment market has immense scope for expansion, driven primarily by increasing efforts to mitigate incidences of tobacco and nicotine consumption. Key manufacturers are investing in the production of deaddiction drugs in order to expand their market presence,” concludes a Fact.MR analyst.
Global Addiction Treatment Market: Competition Landscape:
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. For example, Alkermes manufactures VIVITROL, which is used for treating alcohol dependence among patients. 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.
Looking for More Information?
The research study on the global addiction treatment market by Fact.MR incorporates an unbiased assessment of key factors and trends responsible for shaping the landscape of the global addiction treatment market over 2020-2025. It includes a detailed assessment of key parameters that are anticipated to exert influence during 2020-2025. Market statistics have been presented on the basis of Treatment Type (Alcohol Addiction Treatment, Tobacco/Nicotine Addiction Treatment, Opioid Addiction Treatment and Other Substances Addiction Treatment), Drug Type (Bupropion, Varenicline, Acamprosate, Disulfiram, Naltrexone, Methadone, Buprenorphine, Nicotine Replacement Products and Others) and Treatment Centers (Outpatient Treatment Centers, Residential Treatment Centers and Inpatient Treatment Centers) across five major regions.
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About the Authorsachi kaushik
Joined: January 19th, 2021
Articles Posted: 120
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