The global substance abuse treatment market size is expected to exhibit a robust 11.6% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global substance abuse treatment market is examined in great detail in the report, which presents a comprehensive overview of the global market. The historical growth trajectory of the substance abuse treatment market is studied in detail in the report, shedding light upon the major factors affecting the global market’s movement. The major drivers and restraints affecting the global substance abuse treatment market are profiled in detail in the report, to provide a clear view of the major factors having a lasting impact on the market. The leading players operating in the global substance abuse treatment market are also profiled in the report, shedding light on the competitive landscape of the substance abuse treatment market.
Substance abuse is the harmful use of legal and illegal drugs. Substance abuse has been linked to childhood psychological issues and has its roots in the upbringing of an individual. Substance abuse is a major problem in a number of countries around the world. The youth population is the major guilty party in substance abuse problems, as the youth population hasn’t yet matured enough to respect laws and regulations affecting substance consumption. The increasing prevalence of smoking among the youth population is a major driver for the global substance abuse treatment market, as smoking is often a gateway drug into more serious forms of substance abuse. However, even smoking itself can have significant negative effects on an individual’s health, including increasing the risk of lung cancer, mouth cancer, and esophageal cancer.
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Growing awareness about substance abuse and the harmful effects of the same is the major driver for the global substance abuse treatment market. An increasing number of countries are implementing social outreach programs to reduce substance abuse among the youth. Many countries are also emphasizing on the production of medical treatments to counter substance abuse. This is likely to be a major driver for the global substance abuse treatment market. However, the reluctance of substance abusers to undergo rehabilitation programs is the major restraint on the global substance abuse treatment market. Poor treatment compliance in some countries is also a major restraint on the market.
Substance Abuse Treatment Market Competitive Leaderboard:
Leading players in the global substance abuse treatment market include Sun Pharmaceuticals, Sterinova, Sanquin, Sanofi Aventis, Opiant Technologies, Lupin, LFB Group, INSYS Therapeutics, Glenmark, Cipla, BioCorRx, Apotex, Amphastar Pharmaceuticals, Accord Healthcare, Forest Laboratories Inc., Teva Pharmaceuticals, Reckitt Benckiser Pharmaceuticals, Mylan Laboratories, Allergan, Purdue Pharma LP, GSK plc, Alkermes plc, and Pfizer Inc. Major players are likely to focus on developing effective therapeutics for substance abuse treatment in the coming years, as the demand for effective therapies is likely to increase in the substance abuse treatment market.
Substance Abuse Treatment Market Segmentation:
The global substance abuse treatment market is segmented on the basis of abuse type, treatment type, end users, and region.
By abuse type, the global substance abuse treatment market is segmented into alcohol dependence, tobacco/nicotine addiction, drug abuse, and others. The alcohol dependence and tobacco addiction segments are likely to hold the largest shares in the global substance abuse treatment market over the forecast period due to the widespread prevalence of these conditions. The increasing awareness about the adverse effects of alcohol and tobacco consumption is a major driver for the substance abuse treatment market.
By treatment type, the global substance abuse treatment market is segmented into alcohol addiction treatment, tobacco/nicotine addiction treatment, and drug abuse treatment.
By end use, the global substance abuse treatment market is segmented into outpatient treatment centers, residential treatment centers, and inpatient treatment centers.
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Substance Abuse Treatment Market By Region:
The Americas dominate the global substance abuse treatment market due to the relatively easy availability of substance abuse treatments in the region. Asia Pacific is likely to be the fastest growing regional segment of the global substance abuse treatment market.
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