Credence Research states the interest of a new study on Substance Abuse Treatment Market. The Substance Abuse Treatment Market is expected to Exhibit Rapid Growth during the Forecast Period. The research report, named “Substance Abuse Treatment Market- Growth, Future Prospects, and Competitive Analysis, 2018- 2026,” estimates the historical performance and the current standing of this market, emphasizing especially on the dynamics of the need and supply of Substance Abuse Treatment.
The study research also considers many sections of the global Substance Abuse Treatment Market completely on the basis of the product type and application, considering their current as well as historical performance across the globe. Moreover, the report also shows the growth trajectory of each of the sections, global as well as in each of the regional segments, representing a descriptive analysis of the overall industry.
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Substance abuse is a compulsive, excessive, and self-damaging use of habit forming drugs or substances; leading to addiction, dependence, serious physiological injury, psychological harm or death. Factors such as growing patient awareness, higher treatment seeking rate, increased government intervention and encouragement to curb substance abuse in all countries are driving the growth of substance abuse treatment market globally. For the purpose of study, global substance abuse treatment market is segmented on the basis of treatment such as alcohol addiction treatment, nicotine addiction treatment and drug abuse treatment. It is observed that, in the base year 2016, nicotine addiction treatment market held largest market share because higher number of tobacco addicted population, rising number of approved medication and increased use of nicotine with other stimulants are influencing the growth of nicotine addiction treatment market globally. Substance abuse treatment market is currently dominated by North America due to factors such as higher cost of therapy, better reimbursement policies and higher number of addicted population are fueling the market growth in North America. However, it is anticipated that Asia pacific would grow at highest CAGR due to factors such as developing treatment awareness, developing economic condition and rising treatment awareness are expected to drive the market growth in Asia Pacific during forecast period 2017-2025.
The substance abuse treatmentmarket is observed to be highly competitive and comprises large number of players.However, the market is currently dominated by few players such asAlkermes Plc., Allergan, Inc., GlaxoSmithKline Plc., Mylan Laboratories, Pfizer Inc., Purdue Pharma LP, Reckitt Benckiser Pharmaceuticals, Teva Pharmaceuticalsand other.
The study paper also speaks about the present as well as upcoming ventures in the global Substance Abuse Treatment Market at length, making this knowledge of special value for businesses, consultants, and stakeholders functional in this market.
Further, the report analyzes the competitive aspect of this market by reviewing the profiles of the key market participants in a bid to determine the current hierarchy.
The main purpose of this research study is to help the associates operating in the worldwide industry for Substance Abuse Treatment Market in planning active artifices and enhancing their decision-making techniques to gain a competitive edge over their challengers.
The report added new project SWOT analysis, investment feasibility analysis, and investment return analysis.
- The research gives an in-depth analysis of the global Substance Abuse Treatment Market, with running trends and future views, to elucidate the imminent investment pockets.
- The quantitative study from 2018 to 2026 is demanded to enable the stakeholders to capitalize on prevailing market possibilities.
- The report provides real historical figures for 2014 and year-on-year predictions from 2018 to 2026, considering 2018/2018 as a base.
- Overall analysis of all geographical regions is presented to determine the general opportunities.
Substance Abuse Treatment Market key segments
- By type
- By technology
- By end-user
- By region
O North America
6.1 Alkermes Plc.
6.3 Forest Laboratories, Inc.
6.4 GlaxoSmithKline Plc.
6.5 Mylan Laboratories
6.6 Pfizer Inc.
6.7 Purdue Pharma LP
6.8 Reckitt Benckiser Pharmaceuticals
6.9 Teva Pharmaceuticals
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For the purpose of this study, the global substance abuse treatmentmarket is categorized into:
- North America
- Asia Pacific
- Latin America (LATAM)
- Middle East and Africa (MEA)
In the base year 2016, North Americadominatedthe substance abuse treatmentmarket in terms of revenue and it is anticipated that it will show significant growthduring forecast period; U.S. was observed as largest regional market in North America. Factors such as alarming rise in the number of addicted population, government initiatives in substance abuse prevention and treatment,high awareness about the threats to life and economic burden, and evolved government policies for the sameare the prime contributors to the dominance of North America. Expenditure on healthcare is highest in the U.S. as compared to other nations. It is anticipated that Asia Pacific will grow at highest CAGR during the forecast period due to developing economic condition, improvement in awareness among general patient population, improved treatment access, growing addiction rates along with rise in awareness and evolution of healthcare infrastructure would fuel the growth during forecast period.
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