According to a new report published by UnivDatos Markets Insights, the Addiction Treatment Market was valued at USD 10 billion in 2021 is expected to grow at a CAGR of 6% from 2022-2030. The analysis has been segmented into Treatment Type (Alcohol Addiction Treatment, Tobacco Treatment, Opioid Treatment, and Others); Treatment Centres (Inpatient Centres, Residential Centres, Rehabilitation Centres, and Others); Distribution Channel (Hospital Pharmacies, Medical Stores, and Others); and Region/Country.
Get the inside scoop with Sample report @ https://univdatos.com/report/addiction-treatment-market/get-a-free-sample-form.php?product_id=38209
The addiction treatment market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the addiction treatment market. The addiction treatment market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Addiction Treatment market at the global and regional levels.
Ask for Report Customization @ https://univdatos.com/report/addiction-treatment-market/get-a-free-sample-form.php?product_id=38209
Key Market Dynamics
Addiction is a complicated, long-lasting brain disease that can have serious physical, mental, and social effects. It can affect anyone, of any age, gender, or socioeconomic. Unfortunately, many people who struggle with addiction do not receive the assistance they require. There has been a shift in public opinion regarding addiction in recent years. Addiction treatment and the creation of advanced innovative treatment options have become more prominent because of the growing recognition that addiction is a disease. Additionally, the opioid crisis in the U.S. has brought to light the need for efficient addiction treatment options. Communities all over the country have been impacted by the opioid crisis, which has resulted in an increase in overdose deaths. The need for evidence-based treatment options that can assist individuals in achieving long-term recovery has received more attention and funding as a result.
FIG. 1 Global Addiction Treatment Market Revenue, by region 2021 (% Share) |
|
Source: UnivDatos Market Insights
COVID-19 Impact
The COVID-19 pandemic has had a significant impact on the addiction treatment market. The pandemic has caused disruptions in the delivery of addiction treatment services, including reduced access to in-person counseling and support groups. It has also led to increased stress and isolation, which can exacerbate addiction and mental health issues. Furthermore, the pandemic has caused economic hardship and unemployment, which can increase the risk of substance use disorders.
The global Addiction Treatment market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Based on treatment type, the market is segmented into alcohol addiction treatment, tobacco treatment, opioid treatment, and others. Among these, the alcohol addiction treatment category is to witness a higher CAGR during the forecast period.
Based on treatment centers, the market is categorized into inpatient centers, residential centers, rehabilitation centers, and others. Among these, the inpatient centers held a significant share of the market in 2021.
Addiction Treatment Market Geographical Segmentation Includes:
North America (U.S., Canada, and the Rest of North America)
Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific)
Rest of the World
North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the growing prevalence of addiction and substance abuse disorders, along with the rising awareness of the need for effective treatment options. The region has a well-established healthcare system and access to advanced medical technology, which has led to the development of new and innovative treatment methods. Additionally, the government has taken initiatives to increase funding for research and development in the field, further contributing to the market growth.
List of key start-ups in the North America Region:
Company Name | Company Logo | Year of Establishment |
Ophelia Health, Inc. | 2018 | |
Eleanor Health | 2019 | |
Bicycle Health, Inc. | 2017 | |
Quit Genius | 2017 | |
Workit Health | 2014 |
The major players targeting the Global Addiction Treatment market:
Company Name | Company Logo | Revenue (2021) |
Cipla Inc. | USD XX Bn | |
Alkermes | USD XX Bn | |
Pfizer Inc. | USD XX Bn | |
Orexo AB | USD XX Bn | |
GSK plc. | USD XX Bn | |
Sandoz International GmbH | USD XX Bn | |
Reckitt Benckiser Group PLC | USD XX Bn | |
Teva Pharmaceutical Industries Ltd. | USD XX Bn | |
Novartis AG | USD XX Bn | |
|
