Market Highlights
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.
Key Players
Some of the key players in the global substance abuse treatment market are Pfizer Inc., Alkermes Plc, GlaxoSmithKline Plc., Purdue Pharma LP, Allergan, Mylan Laboratories, Reckitt Benckiser Pharmaceuticals, Teva Pharmaceuticals, Forest Laboratories, Inc., Accord Healthcare, Amphastar Pharmaceuticals, Apotex, BioCorRx, Cipla, Glenmark, INSYS Therapeutics, LFB Group, Lupin, Opiant Technologies, Sanofi Aventis, Sanquin, Sterinova, Sun Pharmaceuticals, and others.
Substance Abuse Treatment Market Regional Insight
The primary markets for substance abuse treatment are Europe, the Americas, Middle East & African and Asia Pacific.
In 2017, the Americas was identified as the leading substance abuse treatment market. The market’s prominence is the result of the presence of esteemed players, coupled with the mounting awareness about substance abuse treatment. In the past few years, several private, as well as government organizations, have been launching campaigns and seminars with the aim of spreading awareness about substance abuse. This works wonders for the regional market. Citing a reference, in February 2017, the Ad Council, along with Viacom, launched the LISTEN campaign which spoke about America’s substance abuse crisis.
In 2017, it was estimated that Europe stood second in the global substance abuse treatment market. The regional market benefits from the rise in research and development investments as well as increasing number of initiatives by the government to treat substance abuse patients.
With the fastest growth rate in the market in 2017, Asia Pacific is soaring high on the back of growing incidences of tobacco addiction coupled with the surge in technological advancements. The Frontiers in Psychiatry journal reveals that China faces massive public health challenge due to progressing tobacco smoking. It is reported that the number of deaths by cigarette smoking could reach the valuation of 2 million by 2030 and finally reach 3 million by 2050.
Lastly, Middle East and Africa accounted for the smallest share in the global substance abuse treatment market. The low per capita income, particularly in Africa, could be the main reason for the lackluster market performance.
Segmentation
The Global substance abuse treatment market is segmented based on abuse type, treatment type, end user, and region.
Global Substance Abuse Treatment Market, by Abuse Type
- Alcohol Dependence
- Tobacco/Nicotine Addiction
- Drug Abuse
- Others
Global Substance Abuse Treatment Market, by Treatment Type
- Alcohol Addiction Treatment
- Disulfiram
- Acamprosate
- Naltrexone
- Tobacco/Nicotine Addiction Treatment
- Nicotine Replacement Treatment
- Nicotine Patch
- Nicotine Gum
- Nicotine Lozenge
- Nicotine Spray
- Nicotine Inhaler
- Non-Nicotine Medication
- Bupropion
- Varenicline
- Nicotine Replacement Treatment
- Drug Abuse Treatment
- Methadone
- Buprenorphine
- Naltrexone
Global Substance Abuse Treatment Market, by End User
- Outpatient Treatment Centers
- Residential Treatment Centers
- Inpatient Treatment Centers
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