This report provides exclusive insights into the COVID-19 impact on the Substance Abuse Treatment Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Substance Abuse Treatment Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Substance Abuse Treatment Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on substance abuse treatment market provides in-depth
analysis of segments and sub-segments in the global as well as regional
substance abuse treatment market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional substance
abuse treatment market over the short term as well as long term. The report is
a comprehensive presentation of trends, forecast and dollar values of the global
substance abuse treatment market. According to the report, the global substance
abuse treatment market is projected to grow at a CAGR of 8.3% over the forecast
period of 2019-2025.
Substance Abuse is drug/alcohol
addiction and dependence, which leads to psychological disorders, physical
harm, and even death. People abuse it for many or complicated reasons and it
becomes a habit or compulsion after a time.
The rising drug awareness
campaign, as well as an associated prevention program, is the primary factor
boosting the growth of the substance abuse treatment market. In September 2018,
the WHO launched a SAFER alcohol control initiative to prevent and reduce
alcohol-related death and disability. It is a package of five high-impact
strategic actions to reduce the harms caused by alcohol, and a new partnership
to catalyze global action. The SAFER initiative has got support from multiple
partners, and governments to civil society organizations like Sri Lanka,
Slovenia, Vital Strategies organization, IOGT International, NCD Alliance. In
addition, increasing government funding in the treatment of addiction disease
is another factor propelling the growth of the market. On the other hand,
according to the Center for Disease Control, every single day around 114 people
die due to drugs and 6,748 are sent to hospital emergency rooms for treatment.
Thereby, an increasing number of the disease caused due to the addition of the
alcohol, and drug, which in turn boost this market. However, multiple side
effects of the drug such as methadone, used for the addiction treatment, yet
remains one of the major restraints to the market. Moreover, buprenorphine
products are available in the form of sublingual films, pills, and implants are
improving treatment methods. Therefore, the availability of the drug in
different forms offers favorable opportunities in this market. Furthermore,
nicotine replacement treatment can be another opportunity in the forecast
period in this market.
Geographically, the global
substance abuse treatment market is classified into North America,
Asia-Pacific, Europe, and the Rest of the World. Among all, North America holds
the highest market share owing to the increasing awareness about the substance
abuse treatment as well as the presence of the key players in this region. In
addition, increasing government and private agencies involved in launching the
campaign for substance abuse treatment can be another factor enhancing the
growth of the market in this region. Europe holds the second largest market
share in this market due to the increasing initiative in the R&D
activities. On the other hand, Asia Pacific is expected to grow at the highest
CAGR in the forecast period due to developing treatment awareness.
The report on global substance
abuse treatment market covers segments such as abuse type, and treatment type.
On the basis of abuse type, the sub-markets include tobacco addiction, alcohol
dependence, opioid addiction, and other abuse type. On the basis of treatment
type, the sub-markets include alcohol addiction treatment, nicotine addiction
treatment, and other treatment type.
The report provides profiles of
the companies in the market such as Elite Pharmaceuticals Inc., Amphastar
Pharmaceuticals, BioCorRx, Cipla Limited, Glenmark Pharmaceuticals, Insys
Therapeutics, Accord Healthcare, LFB Group, Lupin Limited, and Mylan
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of substance abuse treatment market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.