Substance Abuse Treatment Market, New Industry Research Report|Growth by Forecast to (2022- 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 the medical treatment intervention that deals with the area of disorders caused due to abuse of psychoactive substances such as cocaine, narcotics, and others which leads to compromised health issues such as cognitive and behavioral problems. Substance abuse treatment also aids in saving the lives of patients due to access to rehabilitation sessions and specialized treatment programs.

The alcohol addiction treatment segment is expected to witness significant growth in 2021. The factors such as the focused rehabilitation of an individual, access to medically supervised detoxification sessions, and personalized treatment strategies to prevent relapse are anticipated to support the growth of alcohol addiction treatment segment over the projected period.

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 is projected to grow at a significant pace reaching a CAGR of approximately 8.7%, over the forecast period of 2022–2030, despite a considerable fall in product sales during the initial phase of the pandemic spread and lockdown restrictions imposed globally.

The study is consolidated into major segments and further into sub-segments, such as by treatment type (alcohol addiction treatment, tobacco/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, and other distribution channels), to forecast the substance abuse treatment market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.              

         

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, Mylan Laboratories, Reckitt Benckiser Pharmaceuticals, Teva Pharmaceuticals, Forest Laboratories, Cipla, Indivior PLC.

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