Global Substance Abuse Treatment Market 2017-2021

Overview of the global substance abuse treatment market

Market research analysts at Technavio predict that the global substance abuse treatment market will grow at a CAGR of more than 5% by 2021. The rise in government initiatives for improved awareness is identified as one of the primary growth factors for this market. Various programs and initiatives have been set up by government agencies and many organisations to increase awareness about the chronic ill-effects of substance abuse. These include initiatives taken up at work places, community programs, and technical assistance programs at local, state, and national levels. The Substance Abuse and Mental Health Services Administration (SAMHSA), a branch of the U.S Department of Health and Human Services has multiple programs to improve awareness. SAMHSA's Division of Workplace Programs (DWP) supervises programs to eradicate illicit drug use in federal workplaces and helps all workplaces become drug-free. Under this program, DWP regulates various policies for a drug-free workplace.

The consolidation of rehabilitation centers is one of the latest trends that will contribute to the growth of the market. Over the recent years, the major rehabilitation centers in the market have increasingly adopted inorganic growth strategies to expand their presence in various regions. The acquisition of smaller rehabilitation centers by the major rehab centers has resulted in the uniformity of treatment patterns and increased the capacity of rehabilitation centers. Acquisition also helped several smaller mental rehabilitation centers to expand their functionality to include treatment for substance abuse.

Competitive landscape and key vendors  

The substance abuse treatment market is characterized by the presence of few key vendors and prominent vendors. The market is competitive and factors such as new drug development, technological advances to improve patient compliance, and inorganic strategies by rehabilitation centers and small vendors, will increase the level of competition among the market players.

 The leading vendors in the market are -

• Alkermes
• Allergan
• GSK
• Pfizer

The other prominent vendors in the market are Accord Healthcare, Amphastar Pharmaceuticals, Apotex, BioCorRx, Cipla, Glenmark, INSYS Therapeutics, LFB Group, Lupin, Mylan Laboratories, Opiant Technologies, Sanofi Aventis, Sanquin, Sterinova, Sun Pharma, and Teva Pharmaceutical.

Segmentation by type of abuse and analysis of the substance abuse treatment market

• Alcohol abuse treatment
• Nicotine abuse treatment
• Drug abuse treatment

During 2016, the alcohol abuse treatment segment accounted for the major shares of the substance abuse treatment market. Factors such as the increase in government initiatives, the rising awareness in developing countries, and the improved rehab facilities, will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the substance abuse treatment market

• Americas

• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the forecast period. The rise in number of people with addiction and the rise in the number of rehabilitation centers will be the major factors propeling the growth of the substance abuse treatment market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global substance abuse treatment market?
• What are the key market trends impacting the growth of the global substance abuse treatment market?
• What are the challenges to market growth?
• Who are the key vendors in the global substance abuse treatment market?
• What are the market opportunities and threats faced by the vendors in the global substance abuse treatment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global substance abuse treatment market?

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