Global Addiction Treatment Market Growth & Expansion Set to Occur in the Coming Years

ALBANY, USA, 2018-May-02 — /EPR Network/ —Over the years, the world has experienced rising incidence of people falling prey to drugs and alcohol, which has indeed become a concerning issue. For getting rid of such addictions, there are numerous customized addiction treatment hubs which provide services such as detoxification to the suffering individuals. For studying the market status for addiction treatment on the global level, Market Research Reports Search Engine (MRRSE) has included a new research analysis titled “Addiction Treatment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, to its broad online repository. This assessment proves helpful for readers to judge and infer current as well as future market scenario, together with details associated to market dynamics.

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According to active research analytics, it is predicted that almost 10% of the global population is addicted to either drugs or alcohol. Such a situation has led to the urgent need for addiction treatment on a mass level. Further, with the rising abuse of prescription drugs, a strong demand for addiction tr1eatment is anticipated in the coming years. As per precise research findings, the global addiction treatment market is projected to reach a value of US$7.70 bn by the end of the forecast period.

Based on geographical presence, the overall addiction treatment market is divided into North America, Europe, Middle East & Africa (MEA), Latin America and Asia Pacific. Each of these regions are studied on the basis of revenue and volume, together with CAGR specifics for the period between 2015 and 2025. Based on research insights, the North American region is expected to holds the maximum share in the global addiction treatment market during the forecast period. Furthermore, the overall market is bifurcated on the basis of treatment type, drug type, distribution channel, and treatment center. On the basis of drug type, the concerned market is segmented into varenicline, naltrexone, bupropion, acamprosate, disulfiram, buprenorphine, nicotine, and methadone replacement products. Out of these, the market for nicotine replacement products is significantly higher and is projected to remain steady in the following few years.

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The final section of the report discourses details about the exact competitiveness study. This section includes knowledge about the primary market players, and assessment of competitiveness via SWOT analysis. Some of the popular companies operating in the global addiction treatment market include Purdue Pharma L.P, Mallinckrodt, Cipla Ltd., Orexo AB, Allergan plc, Alkermes plc, GlaxoSmithKline plc, Reckitt Benckiser (Indivior PLC) and Pfizer Inc.

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