[323 Pages Report] The global substance use disorder treatment market is forecasted to be estimated at US$ 14 Mn by 2032, up from US$ 7 Mn in 2022, advancing at a CAGR of 5.4% during the forecast period.
Substance Use Disorder Treatment Market: Overview
The global market for substance use disorder treatment is expected to witness moderate growth over the forecast period due to increasing initiatives by government and welfare agenesis initiatives. Furthermore, inclination of people towards less addiction of tobacco and alcohol, are the growth factor for the substance use disorder treatment market. However, breaking the substance abuse cycle is a difficult and tedious process. Hence, pharmaceutical manufacturers have developed several products to assist in recovery from substance abuse. The substance use disorder treatment is categorized by types which includes alcohol abuse treatment, nicotine abuse treatment, and drug abuse treatment. Out of that, alcohol abuse treatment segment expected to account the major share due to improved rehab facilities, increasing in government initiatives, and the rising awareness in developing countries.
According to World Health Organization (WHO), the leading cause of disability around the world is not a physical disease, but a serious mood disorder known as depression. Around 350 million people suffer from depression worldwide, and that only about 50% of these individuals will ever receive treatment. According to Anxiety and Depression Association of America, in the U.S., over 15 million adults experience an episode of clinical depression in any given year, which is 7% of the population. Research has revealed that many of the factors that contribute to depression also play a part in substance use disorders. Substance use disorders lead to imbalances in brain chemistry, family history, and past trauma, for instance, are frequently involved in both depression and addiction. In addition, the physical and psychological effects of addiction may mask the signs of depression or worsen the symptoms of this psychiatric illness.
Substance Use Disorder Treatment Market: Drivers and Restraints
The increasing number of patients suffering from any addiction related to alcohol or tobacco, rising government initiatives and increasing support by NGOs and agenesis are the key factors which are propelling the substance use disorder treatment market. In regards of this, The Substance Abuse and Mental Health Services Administration (SAMHSA), a branch of the U.S Department of Health and Human Services has multiple programs to improve awareness. The SAMHSA organized various programs and initiatives with the help of government agencies and many organizations to increase awareness about the chronic ill-effects of substance abuse. Such programs are aimed to eradicate illicit drug use in federal workplaces and helps all workplaces become drug-free. However, the reluctance of individuals in accessing treatment modalities and the discontinuation of behavioral therapies leading to relapse are the factors which are restraining the growth of this market. Government initiatives and funding are key opportunities to this market.
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Substance Use Disorder Treatment Market: Regional Outlook
Geographically, global substance use disorder treatment market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America and Europe together dominates the global substance use disorder treatment market due to increasing government initiatives and increasing prevalence of substance abuse in developed countries. Asia Pacific substance use disorder treatment market is expected to be one of the fastest growing markets due to large addicted population which requires firm treatments.
Substance Use Disorder Treatment Market: Key Players
The market for substance use disorder treatment is consolidated with a presence of few strong players. Some of the players identified in global substance use disorder treatment market include Teva Pharmaceutical Industries Ltd, Reckitt Benckiser Pharmaceuticals Inc., GlaxoSmithKline plc., Alkermes plc., Pfizer, Inc., Cipla Limited, Intas Biopharmaceuticals.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Substance Use Disorder Treatment Market: Segmentation
Tentatively, global substance use disorder treatment market has been segmented on the basis of type, treatment, and geography
Based on type, global substance use disorder treatment market is segmented as below:
Alcohol abuse treatment
Nicotine abuse treatment
Drug abuse treatment
Based on treatment, global substance use disorder treatment market is segmented as below
Detoxification
Counselling and behavioral therapy
Medication
Support group
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
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