MarketResearch.Biz promulgates the publication of its most recently compiled research report titled – “Global Alcohol Addiction Therapeutics Market by Product Type (5-HT3 Receptor Antagonist, Antidotes, Others), by End-User (Hospital Pharmacies, Retail Pharmacies, Rehabilitation Centres, Other End-Users), as well as by Region – Global Forecast 2020 to 2029.”, which offers a holistic view of the global alcohol addiction therapeutics market through systematic segmentation that covers every aspect of the target market. The 5-year cumulative revenue (2020–2025) is projected to be over USD $1,170.9 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Alcohol addiction therapeutics refers to the various forms of treatment options that are given to individuals who suffer from Alcohol Use Disorder (AUD), including detoxification, behavior modification, counselling and medication.
Increasing awareness concerning the numerous physical disadvantages associated with individuals who suffer from an addiction to alcohol, disadvantages such as inflammation of the liver, high blood pressure, as well as the development of colon, breast, liver, mouth cancers or even death, is a primary factor that is anticipated to fuel the revenue growth of the global alcohol addiction therapeutics market over the next 10 years. Moreover, the severe impact of alcohol addiction to an individual’s socioeconomic status, is another area of concern that is expected to further augment market growth prospects for this global industry in the years to come. Furthermore, addiction to alcohol results in the lowering of a given individual’s immune system. And, given the need for people to maintain a healthy immune system due to the COVID-19 outbreak, a significant number of individuals are now actively seeking various means to lead healthier lifestyles. This is another factor that is slated to positively contribute to the revenue growth of this global industry in the coming years. Additionally, numerous initiatives are being carried out by several governing bodies and private organizations to offer low-cost forms of treatment and rehabilitation, as well as to improve awareness levels among individuals. This is another factor that is slated to positively contribute to the revenue growth of the global alcohol addiction therapeutics market, with the market projected to index USD $1,498.3 Mn by 2029, at a CAGR of 6.5%.
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