Market Snapshot:
Substance Abuse Treatment market is expected to grow in the future due to the rise in the drug awareness campaigns and associated prevention programs and adoption of newer formulations and novel dosage forms. Substance abuse is the repeated harmful use of any substance, including drugs and alcohol. The substances may be legal, prescription drugs or banned substances as well some that aren’t even classified as drugs. Technological advancement in the diagnostics industry is boosting the growth of the market.
Highlights from Substance Abuse Treatment Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are Allergan plc (United States), Sanofi S.A (France), GSK (United Kingdom), Pfizer Inc. (United States), Alkermes (Ireland), Mylan N.V. (United States), Cipla Limited (India), Purdue Pharma L.P. (United States), Reckitt Benckiser Group plc (United Kingdom) and Teva Pharmaceutical (Israel). Additionally, other players that are part of this comprehensive study are Wellspring Addiction Treatment and Research Center (United States), Foundations Recovery Network (Tennessee) and The Jed Foundation (United States).
Geographic Breakdown and Segment Analysis
The Global Substance Abuse Treatment market presents a comprehensive analysis of the Substance Abuse Treatment market by product type (Alcohol Addiction Treatment, Tobacco/Nicotine Addiction Treatment, Drug Abuse Treatment and Other Treatment), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Substance Abuse Treatment industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Substance Abuse Treatment market
Analyst at AMA have segmented the market study of Global Substance Abuse Treatment market by Type, Application and Region.
Influencing Trend:
Technological Advancement in the Diagnostics Industry
Market Growth Drivers:
Increasing Number of Drug Awareness Campaigns and Prevention Programs and High Number of Addicted Population
Challenges:
Poor Treatment Compliance in Some Countries
Restraints:
Reluctance of Individuals for Accessing Treatment and Discontinuation of the Behavioral Therapies
Opportunities:
High Usage of Tobacco across the Developing and Developed Nations, Growing Healthcare Infrastructure in the Developing Economies and Availability of Cost Effective Treatment Option
Market Developments Activities:
In December 2023, Shatterproof Announced a new partnership with the NFL to raise awareness about addiction and promote recovery resources. The Shatterproof-NFL partnership marks a crucial step forward in the fight against addiction. By harnessing the reach and influence of the NFL, Shatterproof can significantly amplify its efforts to raise awareness, break down stigma, and ensure that everyone affected by addiction has access to the resources and support they need to heal and thrive.
In August 2023, Recovery.org Launched a new online platform connecting individuals with addiction treatment resources and support groups. The new online platform represents a significant advancement in the accessibility and visibility of addiction treatment and recovery resources. Its potential to empower individuals, reduce stigma, and support the journey of recovery is substantial. As the platform evolves and addresses potential challenges, it can make a lasting impact on the lives of countless individuals affected by addiction.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Key Target Audience
Pharmaceutical Companies, Pharmacy Chains/Drug Stores, Drug Suppliers/Traders, Drug Exporters/Importers, Investors, Regulatory and Government Bodies, Upstream Vendors, Downstream Vendors and Others