Addiction Treatment Market: Asia Pacific is Anticipated to Expand the Fastest, at a Robust CAGR of 7.9% by 2031 End

Fact.MR has studied the global addiction treatment market with detailed segmentation on the basis of treatment type, drug type, treatment centers, distribution channel, and key regions.

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)

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The recent study by Fact.MR on global addiction treatment market offers a 5-year forecast between 2020 and 2025. The study analyzes crucial trends that are currently determining the growth of the global addiction treatment market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the provision of addiction treatment. The study also provides dynamics that are responsible for influencing the future status of the global addiction treatment market over the forecast period.

A detailed assessment of the global addiction treatment market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the global addiction treatment market along with their product portfolio enhances the reliability of this comprehensive research study.

Global Addiction Treatment Market: Report Summary

The study offers a comprehensive analysis of diverse features including production capacities, demand, product developments, revenue generation, and sales in the global addiction treatment market across the globe.

A comprehensive estimate of the global addiction treatment market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of the global addiction treatment market during the forecast period. Price point comparison by region with the global average price is also considered in the study.

Global Addiction Treatment Market: Analysis on Market Size Evaluation

The global addiction treatment market has been analyzed for each market segment, in terms of value (US$ Mn).

Market estimates at global and regional levels for addiction treatment is available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent addiction treatment market segments, along with market attractiveness evaluation has been incorporated in the report.

Global Addiction Treatment Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the global addiction treatment report, which have helped to deliver projections on the regional markets. These chapters include the regional macros (economic, and business environment outlook), which are expected to have a momentous influence on the growth of the global addiction treatment market during the forecast period.

Country-specific valuation on demand for addiction treatment has been offered for each regional market, along with the market scope, estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Global Addiction Treatment Market: In-depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of global addiction treatment along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of global addiction treatment, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit the report readers to take preemptive steps in advancing their businesses.

Key Takeaways of Global Addiction Treatment Market Study:

• The tobacco/nicotine treatment market segment is projected to be the most lucrative during the forecast period, capturing more than half of the global addiction treatment market. Availability of over the counter nicotine replacement products such as Varenicline to treat tobacco and nicotine addiction are anticipated to drive growth.
• The nicotine replacement therapy products segment is poised to capture more than one-third of the global addiction treatment market. Availability of over the counter nicotine gum, transdermal patches, lozenges, nasal and oral sprays, inhalers and sublingual tablets are anticipated to drive the segment.
• 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. Low cost compared to residential treatment and greater flexibility for people unable to take prolonged leaves from their daily obligations are projected to boost the segment.
• By distribution channel, the hospitals segment is anticipated to be the most attractive, capturing more than half of the global addiction treatment market. This is attributed to reliability on hospital pharmacies by patients. Also, there is adequate supply of medicines in a hospital pharmacy.
• North America is poised to capture more than two-fifths of the global addiction treatment market. This is attributed to rising adoption of addiction treatment, especially for tobacco addiction, as well as a robust healthcare infrastructure. Asia-Pacific shall grow the fastest, at a CAGR of 6.9%, due to increased government initiatives to curb drug abuse and smoking. For example, the Municipal government in Xi’an, China, allocated a massive proportion of its budget to construct smoke-free cities in 2016.
• Amidst the COVID-19 pandemic, the global addiction treatment market shall experience an upsurge, attributed to increasing number of cigarette smokers and drug consumers experiencing complications who have contracted the disease. To address this issue, the American Society of Addiction Medicine (ASAM) has established a panel of leading experts in the field of addiction treatment to produce comprehensive resources tailored to address addiction problems.
• Leading addiction treatment drug manufacturing companies are also accelerating their efforts to combat the COVID-19 disease. Alkermes, for example, is engaged in identifying new drug administrators which also include retail pharmacies and clinics. It is collaborating with various healthcare providers and other players to address potential challenges arising for patients undergoing treatment. The support mechanism involves improving access to treatment drugs. Moreover, it has also updated its VIVITROL and ARISTADA websites with information on providers and injection sites.

“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.