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Substance Abuse Treatment Market 2019: Leading Growth Drivers, Emerging Audience, Segments, Sales, Profits & Analysis

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Substance Abuse Treatment Market 2019: Leading Growth Drivers, Emerging Audience, Segments, Sales, Profits & Analysis

August 23
02:49 2019
Substance Abuse Treatment Market Witness an Outstanding Growth During 2019 – 2023 I latest analysis on Substance Abuse Treatment global Market research report By Abuse Type (Alcohol Dependence, Tobacco & Drug Abuse, Treatment (Alcohol Addiction (Disulfiram, Acamprosate, & others), Nicotine Addiction & Drug Abuse))), End User – Global Forecast Till 2023. Substance Abuse Treatment Market with healthy CAGR of 11.6% to 2023

Global substance abuse treatment market is projected to witness a strong growth over the next several years. As per the latest report published by Market Research Future (MRFR), the global substance abuse treatment market will surge at 11.6% CAGR during the forecast period (2018-2023). Today, substance abuse is endemic all around the wold with teenagers being the main victims.

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Demand for substance abuse treatment is 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. 

Segmental Overview

The segmental analysis of the global substance abuse treatment market has been conducted on the basis of treatment type, abuse type and end user.

Based on treatment, the market has been segmented into tobacco/nicotine addiction treatment, alcohol addiction treatment and drug abuse treatment. The tobacco/nicotine segment is further sub-segmented into non-nicotine medication and nicotine replacement treatment.  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 acamprosate, naltrexone and disulfiram. The drug abuse segment is further sub-segmented into naltrexone, buprenorphine, and methadone.

Based on abuse type, the market has been segmented into drug abuse, tobacco/nicotine addiction and 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.

Competitive Landscape

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, BioCorRx, Glenmark, LFB Group, Opiant Technologies, Sanquin, Sun Pharmaceuticals, Pfizer Inc., INSYS Therapeutics, GlaxoSmithKline Plc., Allergan, Mylan Laboratories, Accord Healthcare, Teva Pharmaceuticals, Sanofi Aventis, Apotex, Sterinova, Cipla, and Lupin. 

Industry News Updates 

  • Newport Academy, a series of teen rehab centres with expertise in trauma, metal health, substance abuse, and eating disorders has reportedly bought Gray Wolf Ranch in Washington State. The move is expected to help bolster Newport Academy’s operations of evidence-based and robust mental health treatment services.
  • Seven insurers have reportedly agreed to eliminate prior-authorization compliance for substance abuse in Pennsylvania State. This is viewed as positive move as such requirements have a negative consequence for patients.

 

Read Complete Report With TOC @ https://www.marketresearchfuture.com/reports/substance-abuse-treatment-market-7230 

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

 

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
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Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/substance-abuse-treatment-market-7230


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