addiction recovery ebulletin addiction market to flourish
May 2, 2018 – Transparency Market Research (TMR) has published a new report titled “Addiction Treatment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025”. According to the report, the global addiction treatment market was valued at approximately US$ 4.0 Bn in 2016 is projected to expand at a CAGR of over 6.0% from 2017 to 2025. The report suggests that growing abuse of prescription drugs and favorable reimbursements for smoking cessation therapy are likely to spur demand for addiction treatment market in the near future (2017 to 2025). North America and Western Europe are likely to account for dominant share of the global addiction treatment market due to introduction of new drugs by key players. Government initiative to spread awareness about drug addiction in emerging markets such as China and India is likely to boost the addiction treatment market in Asia Pacific. The market in the region is anticipated to expand at a CAGR of around 7.0% from 2017 to 2025.
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