DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Substance Abuse Treatment Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2015 to 2025" report to their offering.
The global Substance abuse treatment market was valued at US$ 13.22 Bn in 2016, and is expected to reach US$ 27.91 Bn by 2025, expanding at a CAGR of 8.7% from 2017 to 2025.
Substance abuse is a compulsive, excessive, and self-damaging use of habit forming drugs or substances; leading to addiction, dependence, serious physiological injury, psychological harm or death. Factors such as growing patient awareness, higher treatment seeking rate, increased government intervention and encouragement to curb substance abuse in all countries are driving the growth of substance abuse treatment market globally.
Substance abuse treatment market is currently dominated by North America due to factors such as higher cost of therapy, better reimbursement policies and higher number of addicted population are fueling the market growth in North America. However, it is anticipated that Asia pacific would grow at highest CAGR due to factors such as developing treatment awareness, developing economic condition and rising treatment awareness are expected to drive the market growth in Asia Pacific during forecast period 2017-2025.
Key Market Movements:
- Factors such as growing number of opioid prescriptions written by physicians, increased government intervention and encouragement to curb substance abuse in all countries are driving the growth of substance abuse treatment market globally.
- Due to the high unmet needs, vendors in the market are focusing on innovation and technological advances in treatment, this would further influence the growth of substance abuse treatment market.
- However, poor treatment compliance in some region would negatively impact the growth of substance abuse treatment market globally.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Substance Abuse Treatment Market Analysis
Chapter 4 Global Substance Abuse Treatment Market, by Treatment
Chapter 5 Global Substance Abuse Treatment Market, by Geography
Chapter 6 Company Profiles
- Alkermes Plc
- Forest Laboratories, Inc
- Glaxosmithkline Plc
- Mylan Laboratories
- Pfizer Inc
- Purdue Pharma Lp
- Reckitt Benckiser Pharmaceuticals
- Teva Pharmaceuticals
For more information about this report visit https://www.researchandmarkets.com/research/9m3nfc/global_substance