Analyzing the Substance Abuse and Addiction Treatment Market: Drivers, Opportunities, and Trends
The winning Substance Abuse and Addiction Treatment market report performs geographical analysis for the major areas such as North America, China, Europe, Southeast Asia, Japan, and India, with respect to the production, price, revenue and market share for top manufacturers. This market document is composed of myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis, and key company profiles.
Data Bridge Market Research analyses that the substance abuse and addiction treatment will exhibit a CAGR of around 9.14% for the forecast period of 2022-2029. Growing demand for targeted mode of therapies, surge in the research and development activities for the development of novel drugs and therapies, surging prevalence of nicotine addiction and increased expenditure for the development of healthcare infrastructure are the major factors attributable to the growth of substance abuse and addiction treatment market.
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Market Overview:
From the name itself, it is clear that substance abuse and addiction treatment is a medical procedure that is used to help nicotine and similar substance addicted patients to get rid of them. Substance abuse refers to the use and addiction to psychoactive substances, including alcohol and illicit drugs.
Some of the major players operating in the substance abuse and addiction treatment market are Hager Biosciences, LLC, ADDEX THERAPEUTICS, Omeros Corporation, Sosei Group Corporation, CV Sciences, Inc., Cerecor, Inc, Astraea Therapeutics LLC, Johnson & Johnson Services, Inc., GlaxoSmithKline plc, Pfizer Inc, Novartis AG, Sanofi, Dr. Reddy’s Laboratories Ltd, Teva Pharmaceutical Industries Ltd, Mylan N.V., Axsome Therapeutics, Inc, H. Lundbeck A/S, Zydus Cadila, Glenmark Pharmaceuticals Ltd., and F. Hoffman-La Roche Ltd., among others.
Substance Abuse and Addiction Treatment Market Country Level Analysis
The substance abuse and addiction treatment market is segmented on the basis of types, treatment type, route of administration, end-users and distribution channel.
The countries covered in the substance abuse and addiction treatment market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the substance abuse and addiction treatment market owing to the earliest adoption of innovative healthcare technologies, growing research and development, high prevalence rate, increasing adoption of novel dosage form and increase in health care awareness among people. Asia-Pacific is projected to undergo substantial gains during the forecast period and score the highest growth rate. This is because of the rising expenditure to develop healthcare infrastructure, high consumption rate of tobacco related products and increase in the research and development activities.
The country section of the substance abuse and addiction treatment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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