MarketResearch.biz has recently published its market research report titled, “Global Alcohol Addiction Therapeutics Market by Product Type, by End User, and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Global Forecast from 2020 to 2029”. The report offers a deep-dive analysis of the global alcohol addiction therapeutics market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020–2024), which is projected to be valued at around US$ 4.9 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
Alcohol addiction therapeutics are used to treat the cognitive and psychological aspects of alcohol addiction. Alcohol addiction therapeutics include various treatments such as homeopathic, meditation, medical, and rehabilitation centers. Alcohol addiction therapies depend on the current health condition of patient and their issues.
Browse the full “Global Alcohol Addiction Therapeutics Market By Product Type (5-HT3 Receptor Antagonist, Antidotes, Others), By End User (Hospital Pharmacies, Retail Pharmacies, Rehabilitation Centers), and Region – Global Forecast to 2029” report at https://marketresearch.biz/report/alcohol-addiction-therapeutics-market/
Global Alcohol Addiction Therapeutics Market: Dynamics
Growing awareness about drawbacks of addiction to drinking alcohol such as high blood pressure can lead to damaged heart muscle, stroke, brain damage, alcohol withdrawal syndrome, and liver disease, which is a major factor expected to drive growth of the global alcohol addiction therapeutics market over the 10-year forecast period. In addition, stringent government regulations associated with consumption of alcohol is another key factor expected to fuel growth of the global alcohol addiction therapeutics market. Furthermore, alcohol addiction therapeutics offer various advantages, especially for the people who cannot afford healthcare services such as free of cost treatment in some of the rehabilitation center and online support for alcohol treatment. This is another factor expected to drive the global market growth. Increasing health-consciousness among individuals and awareness regarding reduction in alcohol consumption such as protection from liver damage and non-brain damage is another key factor projected to boost growth of the global market. In addition, shifting trend towards drinking alcohol among younger generation across the globe, coupled with possibilities of attracting various diseases by these individuals are factors expected to augment demand and adoption of drive growth of the alcohol addiction therapeutics market. Furthermore, increasing cases such as drink-and-drive and physical or mental assault and harassment in various countries is additional factor projected to boost demand and need for the therapeutics, which in turn, is expected to drive global market growth. However, presence of uncertified medical centers in the market is a major factor expected to hamper growth of the global alcohol addiction therapeutics market. In addition, increasing addiction problems among some people is additional factor projected to hamper growth of the global alcohol addiction therapeutics market to a certain extent.
Global Alcohol Addiction Therapeutics Market Forecast
The comprehensive research report comprises a complete forecast of the global alcohol addiction therapeutics market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global alcohol addiction therapeutics market is expected to register a CAGR of 6% over the forecast period.
Global Alcohol Addiction Therapeutics Market: Segmental Snapshot
The market report has been segmented on the basis of product type, end user, and region. The product type segment includes 5-ht3 receptor antagonist, antidotes, and others. The end user segment includes hospital pharmacies, retail pharmacies, rehabilitation centers, and other distribution channels. The sales channel segment includes original equipment manufacturer (OEM), and aftermarket. The regions include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Product Type: The others segment is expected to account for the highest revenue share in the global market, and is projected to register highest CAGR of more than 5.8% over the 10-year forecast period
By End User: The hospital pharmacies segment is expected to record highest revenue share in the global market as compared to other end user segments. The retail pharmacies segment is projected to register growth rate of more than 5.9% over the next 10 years.
By Region: North America market is expected to record largest revenue share in the global alcohol addiction therapeutics market, and the Asia Pacific market is projected to register highest CAGR of more than 6.1% over the 10-year period
Global Alcohol Addiction Therapeutics Market: Competitive Analysis
The research report on the global alcohol addiction therapeutics market includes profiles of some of the major companies such as Cipla Limited, GlaxoSmithKline plc, Henry Schein, Inc., Merck & Co., Inc., Sun Pharmaceutical Industries Ltd, Mallinckrodt Pharmaceuticals, Teva Pharmaceutical Industries Ltd, Mylan (Apicore US LLC), Noramco GmbH, Kinnov-Therapeutics, Chronos Therapeutics Limited, Bionex Pharmaceuticals LLC, and Curemark LLC.
“Global Alcohol Addiction Therapeutics Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global alcohol addiction therapeutics market for 2019–2029.
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