TMR’s report on the global addiction treatment market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2024 to 2030. The report provides revenue of the global addiction treatment market for the period 2018–2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global addiction treatment market during the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global addiction treatment market.
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Global Addiction Treatment Market Witness Most Promising Rise in Demand:
While the global population is currently at war with the novel COVID-19 pandemic, addiction is another major threat to the public health that continues to affect millions of individuals worldwide. Substance abuse, tobacco, alcohol, and drug addiction are on the rise at the global level, particularly in developing nations such as China and India. Each year, nearly 6 million people across the world succumb to tobacco addiction and the numbers continue to rise at a consistent pace. The steady rise in the number of annual tobacco-related deaths across the world has led to considerable regulatory and market pressure to minimize tobacco consumption and addiction.
As per the National Institute of Drug Abuse, nearly 54% of the addicts are below the age of 18 in the U.S. The alarming statistics in other regions of the world as well have compelled government authorities to raise awareness regarding addiction treatment– another factor that is expected to provide an impetus for growth of the global addiction treatment market. At the back of these factors and continual focus on research and development activities, the global addiction treatment market is expected to attain a market value of ~US$ 12 Bn by the of 2030.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Key Players of Addiction Treatment market Report:
This report profiles major players in the global addiction treatment market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global addiction treatment market is highly fragmented, with the presence of a number of international as well as regional players
Leading players operating in the global drugs of abuse testing market include
- Alkermes plc
- Cipla Ltd.
- GlaxoSmithKline plc
- Pfizer, Inc.
- Hikma Pharmaceuticals PLC
- Orexo AB
- Titan Pharmaceuticals, Inc.
- Teva Pharmaceutical Industries Ltd,
- Indivor Plc
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