Substance Abuse Treatment Market Size, Application and Trends Analysis by Abuse Type (Alcohol Dependence, Tobacco and Drug Abuse), Treatment (Alcohol Addiction (Disulfiram, Acamprosate), Nicotine Addiction and Drug Abuse), Key Players and Region, Forecast to 2023
Global Substance Abuse Treatment Market size is expected to exhibit 11.6% CAGR during the forecast period (2018-2023) says Market Research Future (MRFR), the. Today, substance abuse is endemic all around the wold with teenagers being the main victims. Substance abuse treatment market is expected to witness significant growth owing to rising demand for substance abuse treatment fuelled by rising number drug addiction cases, improvement in overall treatment approach, rising patient awareness regarding the benefits of substance abuse treatment and growing government support. Nonetheless, treatment compliance remains poor developing countries. In addition, reluctance or negligence among individuals is viewed as major challenge.
Substance Abuse Treatment Market Segmentation:
Global substance abuse treatment market is segmented on the basis of
- Treatment type
- Abuse type
- End user
Based on treatment, the market is segmented into
- tobacco/nicotine addiction treatment
- alcohol addiction treatment
- drug abuse treatment
The tobacco/nicotine segment is further sub-segmented into
- non-nicotine medication
- nicotine replacement treatment
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The non-nicotine medication segment covers varenicline and bupropion. The nicotine replacement treatment segment also covers nicotine lozenge, nicotine gum, nicotine inhaler, nicotine patch and nicotine spray.
The alcohol addiction treatment segment is further sub-segmented into
The drug abuse segment is further sub-segmented into
Based on abuse type, the market has been segmented into
- drug abuse
- tobacco/nicotine addiction
- alcohol dependence
The drug abuse segment is projected to remain highly attractive. Increased prevalence opioid addiction worldwide is propelling the growth of the drug abuse segment.
By end user, the market has been segmented into inpatient treatment centres, residential treatment centres and outpatient treatment centres.
Global Substance Abuse Treatment Market: Regional Segmentation
Key regions discussed in the global substance abuse treatment market include Latin America, North America, Asia Pacific (APAC), the Middle East & Africa (MEA) and Europe. North America and Latin America collectively account for the largest share of the global substance abuse treatment market in terms of revenue. Some of reasons cited for the market scenario include the higher level of awareness among Americans and presence of various government and private rehab centres. Moreover, a strong government support in countries such as the U.S. and Canada is supporting the market growth in the region.
Europe represents the second largest market for substance abuse treatment in terms of revenue. Market growth remains more prominent in advanced countries in the region. Superior healthcare system backs the market in developed European countries such as France, Germany, the U.K., Netherlands, among others.
It is projected that the APAC substance abuse treatment market in APAC is likely to witness the fasted growth during the forecast period. High prevalence of tobacco addiction, rising awareness and increased investment to improve healthcare services are some of the factors driving the market growth in APAC.
Some of the leading companies operating in the global substance abuse treatment market include
- Alkermes Plc
- Purdue Pharma LP
- Reckitt Benckiser Pharmaceuticals
- Forest Laboratories, Inc.
- Amphastar Pharmaceuticals
- LFB Group
- Opiant Technologies
- Sun Pharmaceuticals
- Pfizer Inc.
- INSYS Therapeutics
- GlaxoSmithKline Plc.
- Mylan Laboratories
- Accord Healthcare
- Teva Pharmaceuticals
- Sanofi Aventis
Substance abuse treatment Market Drivers and Impact
- Rising Demand from Key Regions
- Substance abuse treatment Market Challenges and Impact
- Growing Demand from Key Applications and Potential Industries
- Key Factors
- Substance abuse treatment Market Trends
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