Drug Addiction Treatment Market Projected to Hit $31.17 Billion by 2027 at CAGR of 7.0% | Pfizer, Indivior, Cipla, etc.

: New York, United States, 21th-July-2020, (Via WiredRelease), (Reports and Data) – The Global Drug Addiction Treatment Market is forecast to reach USD 31.17 Billion by 2027, according to a new report by Reports and Data. Drug addiction can be defined as the condition that affects the behavior and brain of an individual. When an individual is addicted to a drug, he/she fails in controlling the urge to use it, in spite of knowing the harm related to the use of those drugs. The condition is not just about cocaine, heroin, or the use of other illegal drugs. Addiction to nicotine, opioid painkillers, alcohol, and other legal substances may also result in the condition.

Continuous exposure to these drugs results in effecting the ability of the functioning of their brain, which leads to their lack of failure in controlling their urge to take the drug. The mentioned change in the functioning of the brain occurs over a period of time. It may result in losing self-control among individuals and lead to damaging behaviors. The extent to which an individual becomes addicted or how quick an individual gets addicted is dependent on the type of drug being consumed.

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This report takes into account the current COVID-19 impact on the economy. This outbreak has widely influenced the world economic scenario. An investigation of the evolving business sector, along with an analysis of the present and future effects, is performed.

Key companies profiled in the report:- Pfizer, Indivior, Novartis, Alkermes, Cipla, Mylan, Dr. Reddy’s Laboratorie, Glenmark, PLIVA (Odyssey), and Teva Pharmaceutical.

Drug Type Outlook (Revenue, USD Billion; 2020-2027)

Tobacco/Nicotine and Vaping

Alcohol

Marijuana

Synthetic Cannabinoids

Prescription and Over-the-Counter Medications

Others

Treatment Outlook (Revenue, USD Billion; 2020-2027)

Detoxification

Counseling and behavioral therapies

Rehabilitation programs

Self-help groups

End-user Outlook (Revenue, USD Billion; 2020-2027)

Hospital and Clinics

Residential treatment centers (non-hospital)

Others

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Regional Outlook (Revenue, USD Billion; 2020-2027)

North America

Europe

Asia Pacific

MEA

Latin America

Further key findings from the report suggest:

The Drug Addiction Treatment market held a market share of USD 16.47 Billion in the year 2019 that is forecasted to grow at a rate of 7.0% during the forecast period.

In context to Drug Type, the Marijuana segment is projected to witness the fastest growth rate of 7.8% during the forecast period, which is expected to hold, 14.9% of the market by 2027.

In context to Treatment, the Detoxification segment held the largest market share of 49.0% in 2019, with a growth rate of 6.4% during the forecast period. The fact that in the treatment of drug addiction, detoxification is the first line of treatment, contributes to the market share held by this segment.

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Table of contents:

Chapter 1, analyzes the Drug Addiction Treatment Introduction, product offerings and scope, complete market overview, growth opportunities, market risks, driving forces and others.

Chapter 2, presents a detailed study of the key manufacturers of Drug Addiction Treatment, along with sales, revenue, and the price of Drug Addiction Treatment.

Chapter 3, includes the competitive scenario among the major manufacturers and vendors.

Chapter 4, shows the global Drug Addiction Treatment market by regions, clubbed with sales, revenue and market share of Drug Addiction Treatment, for each region, from 2016 to 2026.

Chapter 5, 6, 7, 8 and 9, studies the market by region, by type, by application and by manufacturers, with the sales, revenue and market share included by key countries in these regions.

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