Substance Abuse and Addiction Treatment Market is Forecasted to Reach CAGR of 9.14% by 2029
Global Substance Abuse and Addiction Treatment Market research report is fragmented in several features which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again elaborated in the report as required to define the topic and give maximum information for better decision making. The statistical and numerical data collected to generate this report is mostly denoted with the graphs, tables and charts as required which make this report more users friendly. To thrive in the global market place, choosing an excellent Global Substance Abuse and Addiction Treatment Market report which includes market analysis based on regional and global level is imperative.
Data Bridge Market Research analyses that the substance abuse and addiction treatment will exhibit a CAGR of around 9.14% for the forecast period of 2022-2029. Growing demand for targeted mode of therapies, surge in the research and development activities for the development of novel drugs and therapies, surging prevalence of nicotine addiction and increased expenditure for the development of healthcare infrastructure are the major factors attributable to the growth of substance abuse and addiction treatment market.
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From the name itself, it is clear that substance abuse and addiction treatment is a medical procedure that is used to help nicotine and similar substance addicted patients to get rid of them. Substance abuse refers to the use and addiction to psychoactive substances, including alcohol and illicit drugs.
Growing special designation from regulatory authorities is a major factor fostering the growth of the market. Rising expenditure on the development of healthcare infrastructure, growing development of targeted therapy drugs with low toxicity in combination with approved drugs, increase in the initiatives by the government to promote awareness in the backward areas, high rate of consumption of tobacco related products and upsurge in the strategic collaboration rate among the market players are other factors also fostering the growth of the market. Surging potential in emerging economies, effective treatment cost and easy availability of treatment options will create lucrative market growth opportunities.
However, dearth of skilled medical professionals and unfavourable reimbursement scenario in the developing and under developed economies will pose a major challenge to the market growth. Also, high costs associated with research and development proficiencies, poor treatment compliance in some countries, reluctance of individuals for accessing treatment and poor healthcare facilities in the underdeveloped economies will further derail the market growth rate.
Global Substance Abuse and Addiction Treatment Market Scope and Market Size
The substance abuse and addiction treatment market is segmented on the basis of types, treatment type, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on types, the substance abuse and addiction treatment market is segmented into alcohol dependence, nicotine addiction, drug abuse.
- The treatment segment for substance abuse and addiction treatment market includes nicotine replacement therapy, psychotherapy, and alcohol addiction treatment.
- On the basis of route of administration, the substance abuse and addiction treatment market is segmented into oral and parenteral.
- Based on end-user, the substance abuse and addiction treatment market is segmented into hospitals, homecare, specialty clinics and others
- Substance abuse and addiction treatment market has also been segmented based on the distribution channel into hospital, pharmacy, online pharmacy, retail pharmacy and others.
Key Market Competitors Covered in the report
- Hager Biosciences, LLC
- ADDEX THERAPEUTICS
- Omeros Corporation
- Sosei Group Corporation
- CV Sciences, Inc
- Cerecor, Inc
- Astraea Therapeutics LLC
- Johnson & Johnson Services, Inc.
- GlaxoSmithKline plc
- Pfizer Inc
- Novartis AG
- Sanofi
- Dr. Reddy’s Laboratories Ltd
- Teva Pharmaceutical Industries Ltd
- Mylan N.V.
- Axsome Therapeutics, Inc
- H. Lundbeck A/S
- Zydus Cadila
- Glenmark Pharmaceuticals Ltd
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Substance Abuse and Addiction Treatment Market Country Level Analysis
The substance abuse and addiction treatment market is segmented on the basis of types, treatment type, route of administration, end-users and distribution channel.
The countries covered in the substance abuse and addiction treatment market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the substance abuse and addiction treatment market owing to the earliest adoption of innovative healthcare technologies, growing research and development, high prevalence rate, increasing adoption of novel dosage form and increase in health care awareness among people. Asia-Pacific is projected to undergo substantial gains during the forecast period and score the highest growth rate. This is because of the rising expenditure to develop healthcare infrastructure, high consumption rate of tobacco related products and increase in the research and development activities.
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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