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Substance Abuse Treatment Market Growth Trends, Current Demand, and Development Report

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”. According to the report, the global substance abuse treatment market was valued at US$ 8,000 Mn in 2017. It is projected to expand at a CAGR of 8% from 2018 to 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. North America and Europe are expected to dominate the global substance abuse treatment market in the next few years, owing to market availability of new drugs and technology, rigorous research and development by major companies, and strong medical infrastructure.

Players are continuously working in the global substance abuse treatment market. They also enter into distribution agreements to strengthen their presence across the globe. 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.

Request a PDF Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4067

Alcohol addiction treatment segment to expand at significantly high growth rate

The report offers detailed segmentation of the global substance abuse treatment market. Based on treatment type, the global substance abuse treatment market has been classified into alcohol addiction treatment, nicotine addiction treatment, and drug abuse treatment. The alcohol addiction treatment segment is likely to expand at a notable growth rate during the forecast period due to increasing adoption of alcohol across worldwide, rising use of medicines for restrictions of alcohol and relatively lower cost per prescription for these medicines. The duration of action is also an important driver of the segment.

Drug abuse treatment segment to hold prominent market share

The drug abuse treatment segment held a major share of the market in 2017, followed by the nicotine addiction treatment segment. 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. The therapy requires cigarette smokers to gradually cut down on the usage of these aids, thereby reducing the dependence on nicotine and eventually, helping them to quit smoking.

On the other hand, expansion of the drug abuse treatment segment is attributed to a rise in the number of cases of usage of prescription drugs/illicit drugs, increase in the number of deaths from excessive use of prescription drugs, and surge in research & development by leading pharmaceutical companies.

Request for Analysis of COVID19 Impact on Substance Abuse Treatment Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=4067

Hospital pharmacies segment held major share

Based on distribution channel, the global substance abuse treatment market has been categorized into hospital pharmacies, retail pharmacies and drug stores, and others (online sales). Expansion of the segment can be attributed to the rise in prescription filling at hospital pharmacies, availability of certified physicians in hospital pharmacies, advice for use of the drugs from certified physicians, and authenticity of quality and price of the medicines.

Asia Pacific market to be driven by increasing use of prescription drugs in China and India

In terms of revenue, North America dominated the global substance abuse treatment market in 2017. The substance abuse treatment market in Asia Pacific is anticipated to expand at a considerable pace during the forecast period. Excessive use of prescription medicines is likely to lead to an addiction to prescription medicines, which may cause psychotic abnormalities. Additionally, several cases were found in India where high doses of prescription medicines caused deaths. Therefore, hospital pharmacies are considered to be the preferred option for obtaining prescription medicines in Asia Pacific.

According to a government report, in China, the number of illicit drug users rose 7% in 2016, as compared to the previous year. The substance abuse treatment market in Australia & New Zealand has reached a mature stage. According to the National Drug Strategy Household Survey 2016, nearly 3.1 million people above the age of 14 in Australia used illicit drugs. Moreover, the use of methamphetamine is increasing in the country. The Government of Australia is focusing on various awareness programs and providing funds to improve treatments.

Buy Substance Abuse Treatment Market Report – https://www.transparencymarketresearch.com/checkout.php?rep_id=4067&ltype=S

Substance abuse treatment market dominated by Allergan, Indivior, and Teva

The report also provides profiles of leading players operating in the global substance abuse treatment market are Alkermes, Allergan PLC, Indivior PLC, Noramco (part of SK Capital Partners), Teva Pharmaceutical Industries Ltd are the major players operating in the market, offering products with proprietary technologies. Other players include Pfizer, Inc., GlaxoSmithKline plc, Mallinckrodt plc, BioCorRx, Inc., and Glenmark Pharmaceuticals Ltd.

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Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Substance Abuse Treatment Market Overview by Increasing Demand and Sales 2018 to 2026

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”. According to the report, the global substance abuse treatment market was valued at US$ 8,000 Mn in 2017. It is projected to expand at a CAGR of 8% from 2018 to 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. North America and Europe are expected to dominate the global substance abuse treatment market in the next few years, owing to market availability of new drugs and technology, rigorous research and development by major companies, and strong medical infrastructure.

Players are continuously working in the global substance abuse treatment market. They also enter into distribution agreements to strengthen their presence across the globe. 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.

Request a PDF Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4067

Alcohol addiction treatment segment to expand at significantly high growth rate

The report offers detailed segmentation of the global substance abuse treatment market. Based on treatment type, the global substance abuse treatment market has been classified into alcohol addiction treatment, nicotine addiction treatment, and drug abuse treatment. The alcohol addiction treatment segment is likely to expand at a notable growth rate during the forecast period due to increasing adoption of alcohol across worldwide, rising use of medicines for restrictions of alcohol and relatively lower cost per prescription for these medicines. The duration of action is also an important driver of the segment.

Drug abuse treatment segment to hold prominent market share

The drug abuse treatment segment held a major share of the market in 2017, followed by the nicotine addiction treatment segment. 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. The therapy requires cigarette smokers to gradually cut down on the usage of these aids, thereby reducing the dependence on nicotine and eventually, helping them to quit smoking.

On the other hand, expansion of the drug abuse treatment segment is attributed to a rise in the number of cases of usage of prescription drugs/illicit drugs, increase in the number of deaths from excessive use of prescription drugs, and surge in research & development by leading pharmaceutical companies.

Request for Analysis of COVID19 Impact on Substance Abuse Treatment Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=4067

Hospital pharmacies segment held major share

Based on distribution channel, the global substance abuse treatment market has been categorized into hospital pharmacies, retail pharmacies and drug stores, and others (online sales). Expansion of the segment can be attributed to the rise in prescription filling at hospital pharmacies, availability of certified physicians in hospital pharmacies, advice for use of the drugs from certified physicians, and authenticity of quality and price of the medicines.

Asia Pacific market to be driven by increasing use of prescription drugs in China and India

In terms of revenue, North America dominated the global substance abuse treatment market in 2017. The substance abuse treatment market in Asia Pacific is anticipated to expand at a considerable pace during the forecast period. Excessive use of prescription medicines is likely to lead to an addiction to prescription medicines, which may cause psychotic abnormalities. Additionally, several cases were found in India where high doses of prescription medicines caused deaths. Therefore, hospital pharmacies are considered to be the preferred option for obtaining prescription medicines in Asia Pacific.

According to a government report, in China, the number of illicit drug users rose 7% in 2016, as compared to the previous year. The substance abuse treatment market in Australia & New Zealand has reached a mature stage. According to the National Drug Strategy Household Survey 2016, nearly 3.1 million people above the age of 14 in Australia used illicit drugs. Moreover, the use of methamphetamine is increasing in the country. The Government of Australia is focusing on various awareness programs and providing funds to improve treatments.

Buy Substance Abuse Treatment Market Report – https://www.transparencymarketresearch.com/checkout.php?rep_id=4067&ltype=S

Substance abuse treatment market dominated by Allergan, Indivior, and Teva

The report also provides profiles of leading players operating in the global substance abuse treatment market are Alkermes, Allergan PLC, Indivior PLC, Noramco (part of SK Capital Partners), Teva Pharmaceutical Industries Ltd are the major players operating in the market, offering products with proprietary technologies. Other players include Pfizer, Inc., GlaxoSmithKline plc, Mallinckrodt plc, BioCorRx, Inc., and Glenmark Pharmaceuticals Ltd.

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Joint Pain Injections Market: https://www.prnewswire.com/news-releases/growing-cases-of-arthritis-and-numerous-cases-of-joint-pain-shall-propel-the-growth-of-global-joint-pain-injections-market-tmr-301028788.html

Read our Case study at https://www.transparencymarketresearch.com/casestudies/innovative-medical-device-manufacturing-start-up

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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Substance Abuse Treatment Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2027

New Jersey, United States,- The Substance Abuse Treatment Market research report added by Verified Market Research is an in-depth analysis of the latest trends, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market introduction, Substance Abuse Treatment market definition, regional market scope, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Substance Abuse Treatment market size forecast, 100+ market data, Tables, Pie Chart, Graphs and Figures, and many more for business intelligence.

The Substance Abuse Treatment Market report includes an in-depth analysis of the Substance Abuse Treatment market for the present as well as the forecast period. The report encompasses the competition landscape entailing share analysis of the key players in the Substance Abuse Treatment market based on their revenues and other significant factors. Further, it covers several developments made by the prominent players of the Substance Abuse Treatment market. The Substance Abuse Treatment Market report is a beneficial source of perceptive data for a business approach. It presents the market overview with growth analysis together with historical & futuristic costs. Further identifies the revenue, specifications, company profile, demand, and supply data.

Global Substance Abuse Treatment Market was valued at USD 15.15 Billion in 2019 and is projected to reach USD 28.24 Billion by 2027, growing at a CAGR of 8.1% from 2020 to 2027.

Leading Key players of Substance Abuse Treatment Market are:

  • Allergan PLC
  • Alkermes
  • Noramco
  • Indivior PLC
  • Teva Pharmaceutical Industries Ltd
  • Pfizer
  • Mallinckrodt plc
  • GlaxoSmithKline plc
  • Pharmaceuticals Ltd
  • BioCorRx
  • Substance Abuse Treatment Market: Competitive Landscape

    This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.

    Substance Abuse Treatment Market: Segment Analysis

    The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

    Substance Abuse Treatment Market, By Abuse Type

    • Drug abuse
    • Alcohol dependence
    • Tobacco/Nicotine addiction
    • Others

    Substance Abuse Treatment Market, By Treatment Type

    • Drug Abuse Treatment
    o Buprenorphine
    o Methadone
    o Naltexone
    • Alcohol Addiction Treatment
    o Disulphirum;
    o Acamprosate;
    o Naltrexone;
    o Benzodiazepines Wound Care Devices
    • Tobacco/Nicotine Addiction Treatment
    o Varenicline
    o Total NRT therapy
    o Bupropion
    • Others

    Substance Abuse Treatment Market, By Distribution Channel

    • Retail Pharmacies and Drug Stores
    • Hospital Pharmacies
    • Others

    Substance Abuse Treatment Market: Regional Analysis

    The research report includes a detailed study of regions of North America, Europe, Asia, and South America. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.

    North America (United States, Canada, and Mexico)
    Europe (Germany, France, UK, Russia, and Italy)
    Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
    South America (Brazil, Argentina, Colombia, etc.)
    The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

    Why purchase this report

    • The report would provide a comprehensive analysis of the current and future market trends
    • Analysis of both global, regional and country lever markets
    • Key strategic initiatives are taken by major players operating in the Substance Abuse Treatment market along with ranking analysis for the key players
    • Analysis based on historical information along with the current trends to estimate the future of the market
    • Analysis of the impact of constantly changing global market scenarios on the market

     

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    COVID-19 Industry Impact

    Substance Abuse Treatment Market Insight on the Important Factors and Trends Influencing the Industry

    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”. According to the report, the global substance abuse treatment market was valued at US$ 8,000 Mn in 2017. It is projected to expand at a CAGR of 8% from 2018 to 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. North America and Europe are expected to dominate the global substance abuse treatment market in the next few years, owing to market availability of new drugs and technology, rigorous research and development by major companies, and strong medical infrastructure. Players are continuously working in the global substance abuse treatment market. They also enter into distribution agreements to strengthen their presence across the globe. 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. 

    Request a PDF Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4067

    Alcohol addiction treatment segment to expand at significantly high growth rate

    The report offers detailed segmentation of the global substance abuse treatment market. Based on treatment type, the global substance abuse treatment market has been classified into alcohol addiction treatment, nicotine addiction treatment, and drug abuse treatment. The alcohol addiction treatment segment is likely to expand at a notable growth rate during the forecast period due to increasing adoption of alcohol across worldwide, rising use of medicines for restrictions of alcohol and relatively lower cost per prescription for these medicines. The duration of action is also an important driver of the segment.  

    Drug abuse treatment segment to hold prominent market share

    The drug abuse treatment segment held a major share of the market in 2017, followed by the nicotine addiction treatment segment. 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. The therapy requires cigarette smokers to gradually cut down on the usage of these aids, thereby reducing the dependence on nicotine and eventually, helping them to quit smoking.

    On the other hand, expansion of the drug abuse treatment segment is attributed to a rise in the number of cases of usage of prescription drugs/illicit drugs, increase in the number of deaths from excessive use of prescription drugs, and surge in research & development by leading pharmaceutical companies.

    Request for Analysis of COVID19 Impact on Substance Abuse Treatment Markethttps://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=4067

    Hospital pharmacies segment held major share

    Based on distribution channel, the global substance abuse treatment market has been categorized into hospital pharmacies, retail pharmacies and drug stores, and others (online sales). Expansion of the segment can be attributed to the rise in prescription filling at hospital pharmacies, availability of certified physicians in hospital pharmacies, advice for use of the drugs from certified physicians, and authenticity of quality and price of the medicines.

    Asia Pacific market to be driven by increasing use of prescription drugs in China and India

    In terms of revenue, North America dominated the global substance abuse treatment market in 2017. The substance abuse treatment market in Asia Pacific is anticipated to expand at a considerable pace during the forecast period. Excessive use of prescription medicines is likely to lead to an addiction to prescription medicines, which may cause psychotic abnormalities. Additionally, several cases were found in India where high doses of prescription medicines caused deaths. Therefore, hospital pharmacies are considered to be the preferred option for obtaining prescription medicines in Asia Pacific.

    According to a government report, in China, the number of illicit drug users rose 7% in 2016, as compared to the previous year. The substance abuse treatment market in Australia & New Zealand has reached a mature stage. According to the National Drug Strategy Household Survey 2016, nearly 3.1 million people above the age of 14 in Australia used illicit drugs. Moreover, the use of methamphetamine is increasing in the country. The Government of Australia is focusing on various awareness programs and providing funds to improve treatments.

    Substance abuse treatment market dominated by Allergan, Indivior, and Teva

    The report also provides profiles of leading players operating in the global substance abuse treatment market are Alkermes, Allergan PLC, Indivior PLC, Noramco (part of SK Capital Partners), Teva Pharmaceutical Industries Ltd are the major players operating in the market, offering products with proprietary technologies. Other players include Pfizer, Inc., GlaxoSmithKline plc, Mallinckrodt plc, BioCorRx, Inc., and Glenmark Pharmaceuticals Ltd.

    Purchase Substance Abuse Treatment Market Reporthttps://www.transparencymarketresearch.com/checkout.php?rep_id=4067&ltype=S

    About Us

    Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

    Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

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    Transparency Market Research,
    90 Sate Street, Suite 700,
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    Tel: +1-518-618-1030
    USA – Canada Toll Free: 866-552-3453
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    Substance Abuse Treatment Market Size, Share & Trends Analysis Report By Product Types, And Applications Forecast To 2027

    A detailed research study on the Substance Abuse Treatment Market was recently published by DataIntelo. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. The report puts together a concise analysis of the growth factors influencing the current business scenario across various regions. Significant information pertaining to the industry analysis size, share, application, and statistics are summed in the report in order to present an ensemble prediction. Additionally, this report encompasses an accurate competitive analysis of major market players and their strategies during the projection timeline.

    The latest report on the Substance Abuse Treatment Market consists of an analysis of this industry and its segments. As per the report, the market is estimated to gain significant returns and register substantial y-o-y growth during the forecast period.

    Request a Sample Report of Substance Abuse Treatment Market at: https://dataintelo.com/request-sample/?reportId=50959

    According to the report, the study offers details regarding the valuable estimations of the market such as market size, sales capacity, and profit projections. The report documents factors such as drivers, restraints, and opportunities that impacts the remuneration of this market.

    An Outline of the Major Key Points of the Substance Abuse Treatment Market Report:

    • Analysis of the competitive backdrop of the market provided in the report include firms such as
      Allergan
      GSK
      Pfizer
      Accord Healthcare
      Alkermes
      INSYS Therapeutics
    • The research comprises products developed, industries they cater to, and the strategies they adopt.
    • Data related to the organizations such as the sales amassed by the manufacturers has also been mentioned. The report offers data related to the firm’s price models along with gross margins.
    • The segments of the market include
      Alcohol Abuse Treatment
      Nicotine Abuse Treatment
      Drug Abuse Treatment
    • The research report presents data regarding products and market share of the product segments.
    • The report entails sales that are accounted for by the products and the revenues earned by these product segments.
    • Information regarding the applications and sales projections for the given time period is inculcated in the report.
    • The study elaborates the application landscape of Substance Abuse Treatment. Based on applications, the market has been segmented into
      Hospitals
      Clinics
      Others
    • It also presents data related to the application segments and the recorded market share.
    • The report emphasizes on factors such as market concentration rate and competition patterns.
    • Data regarding the sales channels and the direct and indirect marketing strategies chosen by the market participants for marketing their products are described in the report.

    Ask for Discount on Substance Abuse Treatment Market Report at: https://dataintelo.com/ask-for-discount/?reportId=50959

    The Geographical Landscape of the Market Include:

    • The research offers an analysis of the geographical landscape of the Substance Abuse Treatment Market, which is divided into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. It includes data about several parameters related to the regional contribution.
    • The study provides information regarding the sales generated through each region and the registered market share.
    • Information related to the growth rate during the forecast period is included in the report. The Substance Abuse Treatment Market report claims that the industry is projected to generate significant revenue during the forecast period. It consists of information related to the market dynamics such as challenges involved in this vertical, growth opportunities, and factors affecting the market.

    Buy Your Exclusive PDF Copy Now @ https://dataintelo.com/checkout/?reportId=50959

    Some of the Major Highlights of TOC Covers:
    Chapter 1: Executive Summary

    • Business Trends
    • Regional Trends
    • Product Trends
    • End-use Trends

    Chapter 2: Methodology & Scope

    • Definition and Forecast Parameters
    • Methodology and Forecast Parameters
    • Data Sources

    Chapter 3: Market Insights

    • Market Segmentation
    • Market Landscape
    • Vendor Matrix

    Chapter 4: Company Profiles

    • Business Overview
    • Financial Data
    • Product Landscape
    • Strategic Outlook
    • SWOT Analysis

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    Substance Abuse Treatment Market to reach US$ 16,000 Mn by 2026 | TMR

    Global Substance Abuse Treatment Market – Snapshot

    Substance abuse is the use of psychoactive substances, including alcohol and illicit drugs. Use of psychoactive substances can lead to dependence syndrome (a combination of behavioral, cognitive, and psychological phenomenon, which forces the individual to use alcohol, nicotine, and illicit drugs). However, expansion of the global substance abuse treatment market is expected to be hampered during the forecast period, owing to low awareness about addiction treatment products in developing countries and legal obligations for addiction treatment products.

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    substance abuse treatment market

    The global substance abuse treatment market was valued at approximately US$ 8,000.0 Mn in 2017. It is anticipated to reach a value of nearly US$ 16,000 Mn by 2026, expanding at a CAGR of about 8% from 2018 to 2026. Awareness about initiatives by manufacturers and governments and rise in abuse of prescription drugs are likely to fuel the global substance abuse treatment market from 2018 to 2026.

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    Several unmet needs in the global substance abuse treatment market offer lucrative opportunities to existing players and new entrants, globally. Examples of recent developments in the field include submission of provisional patent application to the USPTO (United States Patent and Trademark Office) 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.

    The global substance abuse treatment market has been extensively analyzed on the basis of the treatment type, distribution channel, and geography. Based on treatment type, the market has been classified into alcohol addiction treatment, nicotine addiction treatment, and drug abuse treatment. Furthermore, the alcohol treatment type segment has been sub-segmented into Acamprosate, Disulphirum, Naltrexone, and Benzodiazepine (BZD). Moreover, the nicotine addiction treatment segment has been further split into total NRT therapy, Varenicline, and Bupropion. The drug abuse treatment segment has been further sub-segmented into Methadone, Buprenorphine, and Naltexone. High market attractiveness of the drug abuse and nicotine addiction segments is due to the availability of different nicotine replacement products over-the-counter in order to combat tobacco and nicotine addiction and the increase in adoption of prescription opioids or illicit drugs. Multiple side-effects associated with the use of methadone and innovations in other types of drugs that are used for addiction treatment hamper the use of methadone. On the other hand, availability of innovative buprenorphine products in the form of pills, sublingual films, and implants is improving the treatment methods, thereby boosting the buprenorphine sub-segment during the forecast period.

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    Furthermore, in terms of distribution channel, the global substance abuse treatment market has been categorized into hospital pharmacies, retail pharmacies and drug stores, and others (online sales). Expansion of the hospital pharmacies segment can be attributed to the rise in prescription filling at hospital pharmacies, availability of certified physicians in hospital pharmacies, advice for use of the drugs from certified physicians, and authenticity of quality and price of medicines.

    North America (NA) accounted for a prominent share of the global substance abuse treatment market in 2017, followed by Europe. Rise in awareness regarding opioid treatment programs and increase in government initiatives to raise awareness about substance abuse, ill-effects of drugs, and the importance of abuse treatment are key factors propelling the substance abuse treatment market in North America. In Europe, drug addiction treatment is supported by government and private bodies with a diverse range of interventions. Additionally, the provision of outpatient treatment and support for treatment programs have increased considerably since the beginning of 2010. Moreover, government initiatives to spread awareness about the increasing use of cannabis and its negative effects are expected to drive the substance abuse treatment market in Europe.

    The substance abuse market in Asia Pacific region is anticipated to expand at a notable CAGR during the forecast period. Several countries in Asia Pacific are taking prominent initiatives to address issues related to drug abuse. Additionally, various government bodies are spending significant amounts of money to promote awareness about the prevention and treatment of drug addiction. For instance, in 2015, the Federal Government of Australia spent US$ 300 Mn to improve treatment methods for ice or crystal methamphetamine addiction. Lack of stringent medical regulatory standards for prescription drugs and low awareness about substance abuse are likely to hamper the substance abuse treatment market in Latin America and Middle East & Africa during the forecast period.

    Key companies operating in the global substance abuse treatment market and profiled in the report include Alkermes, Allergan PLC, Indivior PLC, Noramco (part of SK Capital Partners), Teva Pharmaceutical Industries Ltd, Pfizer, Inc., GlaxoSmithKline plc, Mallinckrodt plc, BioCorRx, Inc., and Glenmark Pharmaceuticals Ltd.

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    Substance Abuse Treatment Market Segmentation By Qualitative And Quantitative Research Incorporating Impact Of Economic and Non-Economic Aspects By 2027

    New Jersey, United States,- The recent report on “Substance Abuse Treatment Market” offered by Verified Market Research, comprises of a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the Substance Abuse Treatment market.

    This is the most recent report inclusive of the COVID-19 effects on the functioning of the market. It is well known that some changes, for the worse, were administered by the pandemic on all industries. The current scenario of the business sector and pandemic’s impact on the past and future of the industry are covered in this report.

     

     

    In market segmentation by manufacturers, the report covers the following companies-

    1. Allergan PLC
    2. Alkermes
    3. Noramco
    4. Indivior PLC
    5. Teva Pharmaceutical Industries Ltd
    6. Pfizer
    7. Mallinckrodt plc
    8. GlaxoSmithKline plc
    9. Pharmaceuticals Ltd
    10. BioCorRx

    Exploring the growth rate over a period

    Business owners looking to scale up their business can refer this report that contains data regarding the rise in sales within a given consumer base for the forecast period, 2020 to 2027. Product owners can use this information along with the driving factors such as demographics and revenue generated from other products discussed in the report to get a better analysis of their products and services. Besides, the research analysts have compared the market growth rate with product sales to enable business owners to determine the success or failure of a specific product or service.

    By Type

    Type 1

    Type 2

    By Application

    Application1

    Application 2

    Global Substance Abuse Treatment Market Report 2020 – Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Substance Abuse Treatment industry.

     

     

    The report at a glance

    The Substance Abuse Treatment market report focuses on economic developments and consumer spending trends across different countries for the forecast period 2019 to 2026. The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Substance Abuse Treatment industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.

    Market segment by Region/Country including:

    North America (United States, Canada and Mexico)
    Europe
    (Germany, UK, France, Italy, Russia and Spain etc.)
    Asia-Pacific
    (China, Japan, Korea, India, Australia and Southeast Asia etc.)
    South America
    (Brazil, Argentina, Colombia and Chile etc.)
    Middle East & Africa
    (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

    The research provides answers to the following key questions:

    What is the expected growth rate of the Substance Abuse Treatment market? What will be the market size for the forecast period, 2020–2027?

    What are the major driving forces responsible for transforming the trajectory of the industry?

    Who are major vendors dominating the Substance Abuse Treatment industry across different regions? What are their winning strategies to stay ahead in the competition?

    What are the market trends business owners can rely upon in the coming years?

    What are the threats and challenges expected to restrict the progress of the industry across different countries?

    What are the key opportunities that business owners can bank on for the forecast period, 2020–2027?

    Why Choose Verified Market Research?

    1. Regional demand estimation and forecast
    2. Pre-commodity pricing volatility
    3. Technological updates analysis
    4. Location Quotients Analysis
    5. Raw Material Sourcing Strategy
    6. Competitive Analysis
    7. Product Mix Matrix
    8. Vendor Management
    9. Cost Benefit Analysis
    10. Supply chain optimization analysis
    11. Patent Analysis
    12. Carbon Footprint Analysis
    13. R & D Analysis
    14. Mergers and Acquisitions

    To summarize, the global Substance Abuse Treatment market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.

     

     

    About us:

    Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.

    Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.

    Contact us:

    Mr. Edwyne Fernandes

    US: +1 (650)-781-4080
    UK: +44 (203)-411-9686
    APAC: +91 (902)-863-5784
    US Toll-Free: +1 (800)-782—1768

    Email: [email protected]

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    Substance Abuse Treatment Market Size By Types, By Application, By Region, And Forecast 2020–2027

    New Jersey, United States,- The Substance Abuse Treatment Market report upholds the future market predictions related to Substance Abuse Treatment market size, revenue, production, Consumption, gross margin, and other substantial factors. It also examines the role of the prominent Substance Abuse Treatment market players involved in the industry including their corporate overview. While emphasizing the key driving factors for the Substance Abuse Treatment market, the report also offers a full study of the future trends and developments of the market.

    The recently documented report on the Substance Abuse Treatment market is a detailed analysis of this business landscape and contains important details regarding the present market trends, current revenue, market size, industry share, periodic deliverables, alongside the profit anticipation and growth rate registered during the estimated timeframe.

     

    A thorough inference pertaining to the performance of the Substance Abuse Treatment market over the forecast period, along with the key factors driving the market growth is enclosed in the report. It also delivers information about the market dynamics and focusses on the challenges encountered by the business vertical while providing a brief about the growth opportunities prevailing in the market over the analysis timeline.

    Key highlights of the Substance Abuse Treatment market report:

    • The market concentration rate analysis
    • Consumption growth rate
    • Turnover predictions
    • Key challenges
    • Competitive landscape
    • Latent market competitors
    • Competitive ranking analysis
    • Geographical segmentation
    • Industry drivers
    • Market concentration ratio
    • Growth rate
    • Recent market trends

    The essence of the regional bifurcation of the business sphere presented in the report:

    • Consumption patterns displayed by each region
    • Prediction of the increase in consumption rate which will be registered by each region during the forecast period
    • Market share of each regional contender of this industry
    • Rise in the consumption rate, along the revenue generated by the listed geographies

    Top key players of industry are covered in Substance Abuse Treatment Market Research Report:

    • Allergan PLC
    • Alkermes
    • Noramco
    • Indivior PLC
    • Teva Pharmaceutical Industries Ltd
    • Pfizer
    • Mallinckrodt plc
    • GlaxoSmithKline plc
    • Pharmaceuticals Ltd
    • BioCorRx

    Substance Abuse Treatment Market Classification by Types:

    Bytype1

    Substance Abuse Treatment Market Size by End-user Application:

    Byapplication1

    Additional insights about the competitive landscape of the Substance Abuse Treatment market:

    Factors defining the competitive landscape included in the report are:

    • A gist of the company
    • Company profile
    • Product portfolio
    • Product pricing models
    • Sales area & distribution
    • Product sales trends
    • Revenue amassed
    • Industry evaluation of every market player

    The Substance Abuse Treatment market report encompasses a comprehensive analysis of the key facets including market concentration ratio.


    The objective of the Substance Abuse Treatment Market Report:

    • To Provide strategic profiles of major players in the Substance Abuse Treatment market, analyzing their fundamental capacities, and drawing a competitive scenario for the market.
    • To provide insights about factors that cause market growth. To analyze the Substance Abuse Treatment Market based on various factors- price analysis, supply chain analysis, porter five force analysis, etc.
    • To provide a detailed analysis of the Substance Abuse Treatment market structure along with the forecast.
    • To Provide a country-level analysis of the current market size and prospects.
    • To Provide a country-level analysis for the segment through applications, product types, and sub-segments by region.

    Cataloging the competitive terrain of the Substance Abuse Treatment market:

    • The report provides an overview of every manufacturers and the products developed by each manufacturer along with the application scope of every product.
    • Data regarding the market share of every company, as well as sales figures concerning each firm, is stated in the report.
    • Details regarding the profit margins and price patterns have been inculcated in the report.

    Unveiling the geographical penetration of the Substance Abuse Treatment market:

    The report of the Substance Abuse Treatment market is an in-depth analysis of the business vertical projected to record a commendable annual growth rate over the estimated time period. It also comprises of a precise evaluation of the dynamics related to this marketplace. The purpose of the Substance Abuse Treatment Market report is to provide important information related to the industry deliverables such as market size, valuation forecast, sales volume, etc.

    Major Highlights from Table of contents are listed below for quick lookup into Substance Abuse Treatment Market report

    • Executive Summary
    • Industry Overview of Substance Abuse Treatment
    • Manufacturing Cost Structure Analysis
    • Development and Manufacturing Plants Analysis of Substance Abuse Treatment
    • Major Manufacturers Technology Source and Market Position of Substance Abuse Treatment
    • Recent Development and Expansion Plans
    • Key Figures of Major Manufacturers
    • Market Concentration Degree
    • Substance Abuse Treatment Regional Market Analysis
    • Substance Abuse Treatment Segment Market Analysis (by Type and by Application)
    • Development Trend of Analysis of Substance Abuse Treatment Market

     

    About us:

    Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.

    Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.

    Contact us:

    Mr. Edwyne Fernandes

    US: +1 (650)-781-4080
    UK: +44 (203)-411-9686
    APAC: +91 (902)-863-5784
    US Toll-Free: +1 (800)-782—1768

    Email: [email protected]

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