"The universal Medication-Assisted Treatment (MAT) Market report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. This report is an analytical assessment of the prime challenges that will arrive in the market in terms of sales, export/import, or revenue. This business report is mainly delivered in the format of PDF and spreadsheets where PPT can also be provided depending upon client’s request. For market segmentation study, a market of potential customers is divided into groups or segments based on different characteristics such as end user and geographical region.
The world class Medication-Assisted Treatment (MAT) Market report considers various factors that have great effect on the growth of business which includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the Medication-Assisted Treatment (MAT) Market industry. It is a professional and detailed report that highlights primary and secondary drivers, market share, leading segments and geographical analysis. The statistics are signified in graphical and tabular format for a clear understanding on facts and figures. Medication-Assisted Treatment (MAT) Market document is a synopsis about how is the market status right now and how will it be in the forecast years for Medication-Assisted Treatment (MAT) Market industry.
The global medication-assisted treatment is supportive and aims to reduce the severity of the symptoms. Data Bridge Market Research analyses that the medication-assisted (MAT) treatment market will grow at a CAGR of 9.4% during the forecast period of 2022 to 2029.
Explore Further Details about This Research Medication-Assisted Treatment (MAT) Market Report https://www.databridgemarketresearch.com/reports/global-medication-assisted-treatment-mat-market
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2019 - 2014) |
Quantitative Units | Revenue in USD Million, Pricing in USD |
Segments Covered | By Type (Medication and Therapy), Products (Buprenorphine and Naloxone, Naltrexone, Buprenorphine, Methadone, Naloxone, Disulfiram and Acamprosate), Drug Type (Generics and Branded), Dosage Form (Immediate Release and Extended Release), Route of Administration (Oral, Parenteral and Others), Population Type (Adults and Teenage), End User (Rehabilitation Clinics, Hospitals Specialty Centres, Homecare and Others) Distribution Channel (Hospital Pharmacy, Direct Tender, Retail Pharmacy, Online Pharmacy and Others) |
Countries Covered | By Country (U.S., Canada and Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Netherlands, Switzerland, Norway, Poland, Hungary, Lithuania, Austria, Ireland and Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam and Rest of Asia-Pacific, Brazil, Argentina, Peru and Rest of South America. South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait and Rest of Middle East and Africa) |
Market Players Covered | Indivior PLC, Orexo US Inc (a subsidiary of Orexo AB), Recovery Centers of America, Alkermes. Sun Pharmaceutical Industries Ltd., Purdue Pharma L.P., Taj Pharmaceuticals Limited, Lannett, Hikma Pharmaceuticals PLC, Pfizer Inc., Pinnacle Treatment Center, American Addiction Centers, Adamis Pharmaceuticals Corporation, Glenmark Pharmaceutical Inc. Viatris Inc., Mallinckrodt, Alvogen, Accord Healthcare, VistaPharm, Inc., Teva Pharmaceutical Industries Ltd. Dr. Reddy's Laboratories Ltd. Amneal Pharmaceuticals LLC. Titan Pharmaceuticals, Inc. among others. |
Market Definition
Medication-assisted treatment (MAT), involves the use of medications, combined with counselling and behavioural therapies, to provide a complete patient approach for treating substance use disorders. MAT is primarily used to treat addiction to opioids such as heroin and prescription pain relievers. The aim of MAT is proper recovery, which includes improved patient survival, increased treatment retention, reduced illicit response, and grow in pregnancy outcomes among women.
Global Medication-Assisted (MAT) Treatment Market Dynamics
Drivers
- The Rise In Incidence Of Alcohol Use Disorder and Opioid Use Disorders
Alcohol use disorder (AUD) is a medical condition characterized by an impaired ability to stop or control alcohol use despite adverse social, occupational, or health consequences. It encompasses the conditions that some people refer to as alcohol abuse, alcohol dependence, and alcohol addiction.
For instance,
- In 2022, the data by World Health Organization (WHO) European Region stated that alcohol disorder causes 1 million deaths annually
Medication-assisted treatment (MAT) is the use of medications in combination with counseling and behavioral therapies to provide a "whole-patient" approach to treating substance use disorders. Medications used in MAT are approved by the Food and Drug Administration (FDA), and MAT programs are clinically driven and tailored to meet each patient's needs.
- Use Of Reimbursement For Medication-Assisted Treatment (MAT)
Reimbursement may be available for medication-assisted treatment even if the medication does not have a valid status.
For instance,
- In February 2021, The American College of Emergency Physicians (ACEP) had developed the Reimbursement & Coding FAQs and Pearls for informational purposes on medication-assisted treatment
While, if the medication does not have preferred status, the prescriber must obtain permission from the member's pharmacy benefit plan.
Opportunities
- Rise In Healthcare Expenditure
Moreover, the rise in the research and development activities and increasing investments by government and private organizations will boost new opportunities for the market's growth rate.
For instance,
- In February 2021, according to Health Care Price Index (HCPI), the total U.S. healthcare budget had increased by 3.4%. The increase in growth states the federal government spending decreased significantly in the previous year from USD 287,000 million in 2020 to USD 170,000 million in 2021
Strategic Initiative By Market Players
The demand for medication-assisted treatment has increased in the U.S. and Europe due to the timely treatment of chronic conditions. These favorable factors enhance the need for medications, and to achieve the market demand, minor and major market players are utilizing various strategies.
For instance,
- In April 2021, Adamis Pharmaceuticals Corporation with USWM announced the launch and availability of a high-dose ZIMHI injectable naloxone product to help combat opioid overdose deaths. The launch is expected to increase the product segment revenue, which will boost the market growth, and ZIMHI being made available at a discounted rate for first responders and community health organizations
These strategic initiatives by the market players, including acquisition, conferences, and focused segment product launches, are helping the companies grow and improve the company's product portfolios, ultimately leading to more revenue generation. Hence, these strategic initiatives by the market players provide an opportunity that is helping them to drive market growth.
This comprehensive report provides:
- Improve strategic decision making
- Research, presentation and business plan support
- Show emerging Medication-Assisted Treatment (MAT) Market opportunities to focus on
- Industry knowledge improvement
- It provides the latest information on important market developments.
- Develop an informed growth strategy.
- Build technical insight
- Description of trends to exploit
- Strengthen competitor analysis
- By providing a risk analysis, you can avoid pitfalls that other companies may create.
- Ultimately, you can maximize your company's profitability.
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Medication-Assisted Treatment (MAT) Market research report.
- Interaction with research scientists and development heads to understand the nature of the Medication-Assisted Treatment (MAT) Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Medication-Assisted Treatment (MAT) Market size
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