Press release
Explosive CAGR and Increased Initiatives Propel the Substance Abuse and Addiction Treatment Global Market Towards the $19.54 Billion Mark by 2029
Substance Abuse And Addiction Treatment Market Overview
What Is The Projected Market Size Of The Global Substance Abuse And Addiction Treatment Market And Its Growth Rate?
The Substance Abuse and Addiction Treatment market has been soaring recently. Here are the projected growth rates and market sizes:
• The market size elevated from $11.74 billion in 2024 to an estimated $12.95 billion in 2025, with a notable CAGR of 10.3%.
• Contributing factors to this growth include heightened awareness, evolving healthcare policies, government funding, and infusion of advanced therapeutic methods.
• Looking forward, the market size is set to ascend rapidly, reaching $19.54 billion by 2029 with a CAGR of 10.8%.
• This anticipated growth can be attributed to increased substance abuse cases, a more personalized approach to treatment, wider access to therapeutic services, and dedicated mental health advocacy.
What Is Driving The Growth In The Substance Abuse And Addiction Treatment Market?
High prevalence of alcohol use is a key propellant for the market's growth. Alcohol use disorders contribute significantly to substance use disorders, increasing the demand for substance abuse and addiction treatment. UK's Office for Health Improvement and Disparities reported from April 2022 to March 2023, 290,635 adults accessed drug and alcohol services, a slight increase from the previous figure of 289,215. Also, 137,749 adults entered treatment during this period, surpassing the previous two years' figures of 130,490 and 133,704 respectively, demonstrating the high prevalence of alcohol use and its influence in propelling the substance abuse and addiction treatment market.
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Who Are the Key Players Driving Substance Abuse And Addiction Treatment Market Growth?
• Pfizer Inc.
• AbbVie Inc.
• Novartis AG
• Sanofi S.A.
• GlaxoSmithKline plc
• Allergan plc
• Teva Pharmaceutical Industries Ltd.
• Purdue Pharma LP
• Mallinckrodt Pharmaceuticals plc
• Cipla Limited
• The Priory Group
• Alkermes Inc.
• Promises Behavioral Health
• Indivior PLC
• American Addiction Centers Holdings Inc.
• Accord Healthcare Inc.
• Hazelden Betty Ford Foundation
• The Caron Foundation
• Noramco Inc.
• Recovery Centers of America
• Elements Behavioral Health LLC
• Cirque Lodge
• Foundations Recovery Network
• The Kusnacht Practice
• Ocean Breeze Recovery
• Behavioral Health Group Inc.
• BioCorRx Inc.
• MAP Health Management
• Seabrook
• Phoenix House
What Are The Key Trends In The Substance Abuse And Addiction Treatment Market?
• Preventive education and awareness programs
• Collaboration with mental health professionals
• Remote interventions and support for families
• Expansion of outpatient treatment services
• Research on innovative therapeutic approaches
What Are The Segments Of The Global Substance Abuse And Addiction Treatment Market?
• By Abuse Type: Alcohol Dependence, Tobacco Or Nicotine Addiction, Other Abuse Types
• By Treatment: Alcohol Addiction Treatment, Tobacco Or Nicotine Addiction Treatment, Opioid Addiction Treatment, Other Treatments
• By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels
Which Region Leads The Substance Abuse And Addiction Treatment Market?
In 2024, North America held the largest share of the substance abuse and addiction market. The other regions analyzed in the report are Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Substance Abuse And Addiction Treatment Global Market Report?
- Market Size Analysis: Analyze the Substance Abuse And Addiction Treatment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Substance Abuse And Addiction Treatment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Substance Abuse And Addiction Treatment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Substance Abuse And Addiction Treatment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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