Drug Addiction Treatment Market To Reach USD 31.17 Billion By 2027
Market Summary Legalization of marijuana in certain states for medical use, technological developments in the diagnostic industry, and government initiatives and rise in awareness about drug addiction have resulted in boosting the Drug Addiction Treatment market. Market Size – USD 16.47 Billion in 2018, Market Growth - CAGR of 7.0%, Market Trends – The rising demand for drug addiction treatment for marijuana addicts 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. Further key findings from the report suggest : • • •
The Drug Addiction Treatment market held a market share of USD 16.47 Billion in the year 2018 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 2018, with a growth rate of 6.4% during the forecast period.
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Key Players: Pfizer, Indivior, Novartis, Alkermes, Cipla, Mylan, Dr. Reddy's Laboratorie, Glenmark, PLIVA (Odyssey), and Teva Pharmaceutical. Segmentation: • Drug Type Outlook (Revenue, USD Billion; 2016-2027) Tobacco/Nicotine and Vaping Alcohol Marijuana Synthetic Cannabinoids Prescription and Over-the-Counter Medications • Treatment Outlook (Revenue, USD Billion; 2016-2027) Detoxification Counseling and behavioral therapies Rehabilitation programs Self-help groups • End-user Outlook (Revenue, USD Billion; 2016-2027) Hospital and Clinics Residential treatment centers (non-hospital) www.reportsanddata.com
Regional Drug Addiction Treatment Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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