The global Addiction Treatment market was poised to expand at a CAGR of 6.7% during the forecast period. Uptake across commercial settings is expected to grow substantially, generating an opportunity worth US$ 50 Mn over the coming decade.
Sharing mouthpieces and hoses while using smoking devices like water pipes frequently enhances the spread of the new coronavirus in social and communal situations. Patients are put in danger because they become more susceptible to life-threatening lung infections like pneumonia due to conditions that increase the body's need for oxygen or decrease its capacity to use it efficiently.
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Key Companies Profiled in Addiction Treatment Market report
- Alkermes plc
- Cipla Ltd.
- GlaxoSmithKline plc
- Pfizer, Inc.
- Mallinckrodt
- Hikma Pharmaceuticals PLC
- Orexo AB
- Titan Pharmaceuticals, Inc.
- Teva Pharmaceutical Industries Ltd
- Indivor Plc.
Key Takeaways from Market Study
- The global addiction treatment market is set to expand at a CAGR of 6.7% during the forecast period.
- The rising prevalence of cigarette smoking boosts the prospects for the tobacco and nicotine addiction treatment market.
- North America is the most attractive region for the expansion of the addiction treatment market.
- Production of de-addiction drugs and other formulae to assist patients remains the key growth strategy of the market players.
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