Substance Abuse Treatment Market Size Worth USD 10.99 Billion by 2030 at 11.60% CAGR
Zion Market Research has published a new report titled “Substance Abuse Treatment Market by Type (Drugs [Kuvan, and Biopten], and Dietary Supplements), by Route of Administration (Oral and Parenteral), and by End User (Hospital Pharmacies, Drug Stores, Online Pharmacies, Pediatric Clinics, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast.
Substance Abuse Treatment Market Information by Type, End User and Region — Forecast till 2030”, the market size was valued at USD 5.1 billion in 2022 and is projected to grow from USD 5.69 Billion in 2023 to USD 10.99 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.60% during the forecast period (2023–2030).
For a variety of complicated reasons, people are abusing substances such as alcohol, tobacco and other drugs, but it is clear that society is paying a significant cost. In 2015, the Administration of Substance Abuse and Mental Health Services (SAMHSA) estimated that nearly 22 million people at least 12 years of age needed substance abuse treatment. Treatment plans for drug abuse not only help patients detoxify in a safe environment, but also assist them throughout the recovery process. Different methods of treatment are used in the management of drug abuse and addiction issues.
Factors such as increased patient awareness, higher rates of seeking treatment, increased government involvement, and willingness to combat drug abuse in all countries are driving the growth of the global drug abuse market. It is reported that the nicotine addiction treatment market has the largest market share because the increased number of addicted tobacco populations, the increased number of licensed drugs and the increasing use of nicotine with other stimulants have an effect on the growth of the global nicotine addiction treatment market. Initiatives to raise awareness of drugs, as well as related prevention programs, include growing patient awareness, increasing the rate of seeking treatment led by increased government involvement, and increasing emphasis on curbing drug abuse in many countries. Successful substance abuse treatment has grown with new drugs that also prevent recurrence and regulate drug cravings. These factors may play a role in the sector’s future growth.
The market for Substance Abuse Treatment is segmented based on abuse type, treatment type, and region. Based on Abuse Type, the market is segmented into Alcohol dependence, Tobacco/Nicotine addiction, Drug abuse and others. It is expected that drug abuse segment accounts for maximum share in the Substance Abuse Treatment market owing to the increasing addiction of opioids. Tobacco nicotine leads to real physical dependence. This may lead to unpleasant symptoms of withdrawal when a person attempts to quit. Nicotine replacement therapy (NRT) provides nicotine in the form of gum, patches, sprays, inhalers or lozenges, with no other harmful tobacco chemicals. Based on Treatment Type, the market is segmented into Alcohol addiction treatment, Tobacco/Nicotine addiction treatment, Drug abuse treatment and others. Alcohol addiction treatment segment is anticipated to have a highest growth rate with respect to value.
Regional segmentation includes the current and forecast demand for Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries. In 2018, North America led the market with regard to revenue owing to the presence of major players in the region and increasing awareness about the substance abuse treatment. Recently, different private and government agencies have launches substance abuse treatment campaigns. Europe is the second in terms of revenue attributing to the increase in investments for research and Developments.
Some of the players included in Substance Abuse Treatment market are -
- Accord Healthcare
- Amphastar Pharmaceuticals
- Apotex
- BioCorRx
- Cipla
- Glenmark
- INSYS Therapeutics
- LFB Group
- Lupin
- Mylan Laboratories
- Opiant Technologies
- Sanofi Aventis
- Sanquin
- Sterinova
- Sun Pharma
- Teva Pharmaceutical
The report segments global Substance Abuse Treatment market as follows:
Global Substance Abuse Treatment Market: Abuse Type Segment Analysis
- Alcohol dependence
- Tobacco/Nicotine addiction
- Drug abuse
- Others
Global Substance Abuse Treatment Market: Treatment Type Segment Analysis
- Alcohol Addiction Treatment
- Tobacco/Nicotine Addiction Treatment
- Drug Abuse Treatment
- Others
Global Substance Abuse Treatment Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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