Addiction Congress 2020- Market Analysis
DOI: 10.4172/2155-6105.1000413
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On the basis of geography, the addiction treatment market report covers data points for multiple geographies. The global market for addiction treatment reached USD 3.1billion in 2016 and should reach nearly $4.4 billion in 2021, at a compound annual growth rate (CAGR) of 7.0 percent and roughly 6.0 percent over the next five years, will reach 5020 million USD in 2023, from 3540 million USD in 2017.According to the latest information collected about 30.5 million individual aged 12 or older were using illicit drugs. This equates to roughly 11.2 percent of people aged 12 or older. Of those who admitted to have used illicit drugs, approximately 26 million people used marijuana, 3.2 million people abused prescription pain relievers and 2.2 million people used cocaine. The released survey results suggest more than one third (35.9 percent) of those diagnosed with alcohol dependence go on to “fully recover” the following year. These are all of the understanding that the situation currently helps with the path for a addiction treatment organization and discernment of this contest situation from the market.
Drug Addiction Treatment Market Segment by Manufacturers:
Indivior, Pfizer, Alkermes, Novartis, Mylan, Cipla, Glenmark, Dr. Reddy's Laboratories, Teva Pharmaceutical, PLIVA (Odyssey), Apr 03, 2019 (The Expresswire via COMTEX) -- The white plague Treatment Market project the worth and sales volume of white plague Treatment submarkets, with reference to key regions.
Global white plague Treatment Market (2019-2025) research report analysed the present state within the definitions, classifications, applications and industry chain structure. The white plague Treatment Market report also focuses on the event trends also as history, competitive landscape analysis, and key regions within the international white plague Treatment Industry.
About Drug Addiction Treatment
Drug addiction may be a complex neurobiological disease that needs integrated treatment of the mind, body, and spirit. it's considered a brain disorder because drugs change the brain — they modify its structure and the way it works. Without treatment, these brain changes are often long-lasting. Addiction is chronic, it's progressive, and if left untreated, it are often fatal.
In 2018, the worldwide white plague Treatment market size was xx million US$ and it's expected to succeed in xx million US$ by the top of 2025, with a CAGR of xx% during 2019-2025.
Addiction Treatment Market
Addiction Treatment Market (Treatment Type - alcoholism Treatment, Tobacco/Nicotine Addiction Treatment, Opioid Addiction Treatment, Other Substance Addiction Treatment; Drug Type - Bupropion, Varenicline, Acamprosate, Disulfiram, Naltrexone, Methadone, Buprenorphine, Nicotine Replacement Products; Treatment Center - Outpatient Treatment Center, Residential Treatment Center, Inpatient Treatment Center; channel - Hospital Pharmacies, Medical Stores) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
According to World Health Organization (WHO), the leading explanation for disability round the world isn't a physical disease, but a significant mood disorder referred to as depression. Around 350 million people suffer from depression worldwide, which only about 50% of those individuals will ever receive treatment. consistent with Anxiety and Depression Association of America, in the U.S., over 15 million adults experience an episode of depressive disorder in any given year, which is 7% of the population. Research has revealed that a lot of of the factors that contribute to depression also play a neighbourhood in substance use disorders. Substance use disorders cause imbalances in brain chemistry, case history , and past trauma, as an example , are frequently involved in both depression and addiction. additionally, the physical and psychological effects of addiction may mask the signs of depression or worsen the symptoms of this psychiatric illness.
Market Insights
Substance abuse is also a compulsive, excessive, and self-damaging use of habit forming medication or substances; leading to addiction, dependence, serious physiological injury, psychological damage or death. Factors like growing patient awareness, higher treatment seeking rate, enhanced government intervention and encouragement to curb substance abuse altogether countries ar driving the growth of substance abuse treatment market globally. For the aim of study, international substance abuse treatment market is divided on the thought of treatment like alcoholism treatment, dependence treatment and drug abuse treatment. it's discovered that, among the lowest year 2016, white plague treatment market command largest market share as a result of higher variety of tobacco hooked population, rising variety of approved medication and enhanced use of vasoconstrictor with alternative stimulants ar influencing the growth of dependence treatment market globally. substance abuse treatment market is presently dominated by North America thanks to factors like higher price of medical aid, higher compensation policies and higher variety of hooked population are supply the market growth in North America.
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