Substance Abuse Treatment Market : Recent Industry Trends, Analysis and Forecast 2030

Substance Abuse Treatment Market Insights:

In a recent research report by Market Research Community, the substance abuse treatment market is expected to surpass USD 22.03 Billion by the year 2030, from USD 10.4 Billion in 2021.

Substance abuse treatment is a process of helping people with substance use disorders to stop using drugs and alcohol, and to live a healthy and fulfilling life. It can involve a variety of different approaches and therapies, depending on the needs of the individual and the specific substance being used.

In 2021, the alcohol addiction treatment segment is predicted to increase significantly. Individual focused rehabilitation, availability to medically supervised detoxification sessions, and individualised treatment tactics to avoid relapse are expected to promote the expansion of the alcohol addiction treatment segment over the forecast period.

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Based on region, Europe is estimated to have the second-largest market share contribution to the substance abuse treatment market growth during the forecast period. The factors such as the augmented healthcare infrastructure development and the growing government initiatives for growing treatments for substance abuse are the major contributors to the growth of the substance abuse treatment market in the region.

The market for substance abuse treatment is expected to continue growing in the coming years, with a projected compound annual growth rate (CAGR) of 8.7% from 2022 to 2030. This growth is likely to be driven by a number of factors, including increasing awareness of the importance of substance abuse treatment, the availability of specialized treatment options, and the growing prevalence of substance abuse disorders.

The Substance abuse treatment Market share study is consolidated into major segments and further into sub-segments, such as by treatment type (tobacco/nicotine addiction treatment, drug abuse treatment, other treatment types), alcohol addiction treatment, by treatment centers (rehabilitation centers, residential centers, inpatient centers, others), by distribution channels (retail pharmacies, hospital pharmacies and other distribution channels), to forecast the market size by value.

By Treatment Type      

• Alcohol Addiction Treatment
• Tobacco and Nicotine Addiction Treatment
• Drug Abuse Treatment
• Other Treatment Types

By Treatment Centers 

• Rehabilitation centers
• Residential Centers
• Inpatient Centers
• Others

By Distribution Channels

• Hospital Pharmacies
• Retail Pharmacies

Other Distribution Channels.

 

Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including GlaxoSmithKline Plc., Pfizer Inc., Alkermes Plc., Purdue Pharma LP, Allergan, Teva Pharmaceuticals, Forest Laboratories, Cipla, Indivior PLC, Mylan Laboratories, Reckitt Benckiser Pharmaceuticals.

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