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Substance Abuse Treatment Market rising at an impressive 12.40% CAGR between 2016 and 2024
Substance Abuse Treatment Market
Our report, which valued the U.S. market for substance abuse treatment at US$4.42 bn in 2015, estimates it to become worth US$12.43 bn by 2024-end by rising at an impressive 12.40% CAGR between 2016 and 2024.
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are those pertaining to tobacco or nicotine addiction, alcohol dependence, and opioid addiction. Among them, the tobacco or nicotine addiction leads owing to around 15.0% of people in the nation being addicted to smoking. When it comes to end users, the outpatient treatment centers are responsible for driving most of the demand mainly because their rising popularity. In the years ahead too, the segment will drive most of the demand in the market.
Alarming Rise in Cases of Substance Abuse Drives Market
At the forefront of driving the market for substance abuse treatment in the U.S. is the spike in number of alcohol, opioid, and nicotine or tobacco addicts. “The federal government along with the local authorities in the nation have devised myriad early intervention and therapeutic strategies to bring the situation under control. This is expected to bode well for the market for substance abuse treatment in the near term,” states the lead analyst of TMR.
In addition, the U.S. market for substance abuse is also expected to gain from the leading companies’ efforts to enhance their customer base by generating awareness through campaigns about the harmful effects of drug abuse and the necessity of timely treatment. In order to do so, the companies are seen banking upon every medium including print, television, and online.
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Strict Approval Process for New Therapies Offsets Market Growth to an Extent
On the flipside, not too many therapies for mental illness resulting from substance addiction and stringent rules pertaining to approval of therapies is dampening market growth to an extent.
The most widely sold drugs in the market for substance abuse treatment market are disulfiram, naltrexone, and acamprosate. Among them, acamprosate will likely see maximum share in the near future. Non-nicotine medications and nicotine replacement treatment have now emerged as the most effective treatments for nicotine and tobacco addiction.
This review is based on the findings of a TMR report, titled, “Substance Abuse Treatment Market (Abuse Type - Alcohol Dependence, Tobacco/Nicotine Addiction, and Opioid Addiction; Treatment Type - Alcohol Addiction Treatment (Disulfiram, Acamprosate, and Naltrexone), Tobacco/Nicotine Addiction Treatment (Nicotine Replacement Treatment and Non-nicotine Medication), Drug Abuse Treatment (Methadone, Buprenorphine, and Naltrexone); End User - Outpatient Treatment Centers, Residential Treatment Centers, and Inpatient Treatment Centers) - U.S. Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024.”
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The report segments the U.S. Substance Abuse Treatment Market into the following:
The U.S. Substance Abuse Treatment Market, by Abuse Type
Alcohol Dependence
Tobacco/Nicotine Addiction
Opioid Addiction
The U.S. Substance Abuse Treatment Market, by Treatment
Alcohol Addiction Treatment
Disulfiram
Acamprosate
Naltrexone
Tobacco/Nicotine Addiction Treatment
Nicotine Replacement Treatment
Nicotine Patch
Nicotine Gum
Nicotine Lozenge
Nicotine Spray
Nicotine Inhaler
Non-Nicotine Medication
Bupropion
Varenicline
Drug Abuse Treatment
Methadone
Buprenorphine
Naltrexone
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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 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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