U.S. Substance Abuse Treatment Market to Exceed A Value of US$12.43 bn by 2024

U.S. Substance Abuse Treatment Market: Awareness Programs Initiated by Treatment Providers to Drive Growth, Reports TMR

As per the TMR’s estimation, the market for substance abuse treatment in the U.S., which offered an opportunity worth US$4.42 bn in 2015. Projected to progress at an impressive CAGR of 12.40% over the period from 2016 to 2024 and touch US$12.43 bn by the end of the forecast period. Outpatient treatment centers have emerged as the key end user of substance abuse treatments. With the increasing popularity of outpatient rehab across the U.S., this segment is anticipated to remain leading over the years to come

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The Us Substance Abuse Treatment Market is segmented on the basis of expression system, product type, Geography, end user and region

The U.S. substance abuse treatment market has been studied based on abuse type, treatment type, and end-users segments. In terms of abuse type, substance abuse treatment market is segmented into alcohol dependence, tobacco/nicotine addiction, and opioid addiction. On the basis of treatment type, substance abuse treatment market is further segmented into alcohol addiction treatment, tobacco or Nicotine addiction treatment and drug abuse treatment. Alcohol addiction treatment is further bifurcated into widely preferred drugs, which includes Disulfiram, Acamprosate and Naltrexone. Tobacco or Nicotine addiction treatment segment is further divided into Nicotine Replacement Treatment and Non-Nicotine Medications.

Nicotine Patch, Nicotine Gum, Nicotine Lozenge, Nicotine Spray, Nicotine Inhaler are the OTCs preferred by addicted considered under Nicotine Replacement Treatment sub-segment. While, Bupropion and Varenicline are the medications used to treat nicotine addiction comes under Non-Nicotine Medications sub-segment. Drug abuse treatment segment is further divided into Methadone, Buprenorphine, and Naltrexone. End-user segment of substance abuse treatment market is divided into outpatient treatment centers, residential treatment centers, and inpatient treatment centers. Outpatient treatment centers is expected to be the most lucrative end-user segment and anticipated to expand at highest CAGR during the forecast period.

The market for these segments has been extensively analyzed based on their utility, effectiveness, sales, and geographic presence. Market revenue in terms of US$ Mn for the period from 2014 to 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all segments, considering 2015 as the base year.

The U.S. is witnessing an alarming rise in the number of people addicted to alcohol, nicotine/tobacco, and opioid, resulting in a mounting burden on the country’s economy. “The U.S. government has come up with several early intervention and presentation strategies to manage this situation, which is likely to boost the uptake of substance abuse treatment in this country over the next few years,” says an analyst at TMR.

Apart from this, this market is also projected to gain from the increasing initiatives by the leading providers of substance abuse treatment in the U.S., who, in a bid to improve their customer base, are taking up various measures to create awareness among consumers and drug vendors pertaining to the ill effect of drug abuse and the importance of abuse treatment.

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Summary of Table of Content

Preface

Assumptions and Research Methodology

Executive Summary

Market Overview

U.S. Substance Abuse Treatment Market Analysis and Forecasts, BY Abuse Type

U.S. Substance Abuse Treatment Market Analysis and Forecasts, By Treatment Type

U.S. Substance Abuse Treatment Market Analysis and Forecasts, By End User

Competition Landscape

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