Press release
Substance Abuse and Addiction Treatment Market to Grow at 9.14% CAGR by 2029
Substance Abuse and Addiction Treatment Market
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.
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 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.
However, dearth of skilled medical professionals and unfavourable reimbursement scenario in the developing and under developed economies will pose a major challenge to the market growth. Also, high costs associated with research and development proficiencies, poor treatment compliance in some countries, reluctance of individuals for accessing treatment and poor healthcare facilities in the underdeveloped economies will further derail the market growth rate.
Segmentation:
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 growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based on types, the substance abuse and addiction treatment market is segmented into alcohol dependence, nicotine addiction, drug abuse.
The treatment segment for substance abuse and addiction treatment market includes nicotine replacement therapy, psychotherapy, and alcohol addiction treatment.
On the basis of route of administration, the substance abuse and addiction treatment market is segmented into oral and parenteral.
Based on end-user, the substance abuse and addiction treatment market is segmented into hospitals, homecare, specialty clinics and others
Substance abuse and addiction treatment market has also been segmented based on the distribution channel into hospital, pharmacy, online pharmacy, retail pharmacy and others.
What benefits does DBM research study is going to provide?
Latest industry influencing trends and development scenario
Open up New Markets
To Seize powerful market opportunities
Key decision in planning and to further expand market share
Identify Key Business Segments, Market proposition & Gap Analysis
Assisting in allocating marketing investments
Key Market Players:
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.
Browse More Info @ https://www.databridgemarketresearch.com/reports/global-substance-abuse-and-addiction-treatment-market
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