Substance Abuse Treatment Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2022-2030.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the substance abuse treatment market include Teva Pharmaceutical Industries Ltd., Abbott, GSK plc., Cipla Inc., Lilly (Eli Lilly and Company), Novartis AG, Sun Pharmaceutical Industries Ltd., Dr. Reddy’s Laboratories Ltd., Viatris Inc., AstraZeneca. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The increasing prevalence of substance abuse disorders, including opioid addiction, is driving the demand for substance abuse treatment services. Governments are implementing policies and initiatives to address the opioid epidemic and increase access to substance abuse treatment services. The Substance Abuse and Mental Health Services Administration (SAMHSA) in the United States provides funding for substance abuse treatment programs. There have been advancements in the development of new medications and therapies for substance abuse treatment. Medications such as buprenorphine and naltrexone have been shown to be effective in treating opioid addiction, while behavioral therapies such as cognitive-behavioral therapy and motivational interviewing have also been effective. There is increasing awareness and acceptance of substance abuse disorders as a medical condition that requires treatment. This has reduced the stigma associated with seeking treatment and increased the demand for substance abuse treatment services. There is a growing demand for outpatient substance abuse treatment services, which allow individuals to receive treatment while continuing to work or attend school leading to the development of more outpatient treatment programs and increased access to care.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of substance abuse treatment. The growth and trends of substance abuse treatment industry provide a holistic approach to this study.
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Market Segmentation
This section of the substance abuse treatment market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Treatment Type
- Tobacco/Nicotine And Vaping
- Alcohol
- Marijuana
- Synthetic Cannabinoids
- Prescription And Over-The-Counter Medications
- Others
By End-Use
- Hospitals
- Clinics
- Rehabilitation Centers
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Substance Abuse Treatment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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Transparency Market Research (TMR) has published a new report titled, “Substance Abuse Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”.
The report suggests that emerging initiatives by manufacturers and governments and rise in abuse of prescription drugs are anticipated to boost the global substance abuse treatment market from 2018 to 2026.
Key events in the market include submission of provisional patent application to the USPTO for proprietary pure cannabidiol compositions by Normaco in October 2018, approval of SUBLOCADE, by the FDA, launched in the U.S. in March 2018, and U.S. FDA approval for the ANDA for methadone hydrochloride (5 mg and 10 mg) tablets for Glenmark Pharmaceuticals and its strategic partner Elite Pharmaceuticals, Inc in August 2018.
Read Report Overview - https://www.transparencymarketresearch.com/substance-abuse-treatment-market.htmlAlcohol addiction treatment segment to expand at significantly high growth rateThe report offers detailed segmentation of the global substance abuse treatment market.
High market attractiveness of drug abuse treatment and nicotine addiction treatment segments is due to the availability of different nicotine replacement products over-the-counter in order to combat tobacco and nicotine addiction and an increase in adoption of prescription opioids or illicit drugs.
Nicotine replacement therapy (NRT) products contain low concentration of nicotine, which helps reduce cravings caused by nicotine addiction over time.
