Global Substance Abuse Treatment Market: Overview
Substance abuse is a serious, recurring
problem that can be treated by a combination of medications and
behavioral interventions including individual and group counselling. It
may be caused by the consumption of illicit drugs and banned substances,
or indiscriminate consumption of substances such as inhalants, alcohol,
and solvents to the extent that they have a negative effect on the
health of individuals. Poor social skills lead to the development of
social anxiety disorders and destructive thought patterns, mostly during
adolescence, leading to serious repercussions, sometimes even death.
Early recognition of substance abuse
symptoms has led to the constant evolution of the market for substance
abuse treatment. Various treatments and services have been developed
involving physicians and healthcare professionals to help individuals
come out of their situation and regain control of their lives. Numerous
empirical studies are also being conducted to demonstrate the efficacy
of various therapies. Since patients of substance abuse are prone to
relapse, the treatments usually span over a long period. Available
effective treatment modalities take into account the underlying social
and cultural factors and are usually specific to the medical problem(s)
the individual is suffering from.
The report offers comprehensive insights
into current trends, prominent treatment modalities, supporting
legislations, key market dynamics, promising therapies, and strategic
dynamics. The factors leading to the emergence of substance abuse
treatment centers in various regions are highlighted and the measures
taken by various governmental bodies are evaluated in the study.
Global Substance Abuse Treatment Market: Trends and Opportunities
The substance abuse treatments market is
majorly driven by increasing awareness of substance abuse, coupled with
various drug awareness and prevention programs, and the success of
several research-based treatment modalities. The increasing popularity
of medications that help avoid relapse and control drug cravings,
thereby easing withdrawal symptoms, is propelling the market.
Furthermore, the advent of medications that enable long-term
detoxification and the increasing efficacy of behavioral therapies on
affected individuals are factors expected to stimulate the demand for
substance abuse treatments. In addition, a surge in supporting
legislations in countries in developed and developing regions is
expected to fuel the market.
The reluctance of individuals in
accessing treatment modalities and the discontinuation of behavioral
therapies leading to relapse are crucial factors hindering the growth of
the market. On the other hand, rise in investment by various non-profit
organizations and governmental bodies has led to the construction of
numerous substance abuse treatment facilities, creating promising
opportunities for market players. Furthermore, an increasing number of
substance abuse treatment centers are entering into agreements with
existing private recovery facilities, which helps expand treatment
access to a large number of people.
Global Substance Abuse Treatment Market: Regional Outlook
The increasing prevalence of substance
abuse in developed regions such as North America and Europe has spurred
the demand for therapeutics and behavioral therapies for treating
substance abuse. The declining annual cost of the treatment, favorable
insurance policies and legislations to counter drug abuse, and
increasing initiatives by government and private players to open more
substance abuse centers are key factors positively influencing the
market growth in these regions.
Meanwhile, the increasing cases of drug
abuse in the developing nations of Asia Pacific and rise in awareness
programs are expected to stimulate the demand for treatment modalities
in the region.
Companies mentioned in the report
Leading market players are actively
focusing on substance abuse programs, especially for outpatients, to
offer targeted treatments in order to gain a competitive edge over
others. Several players are also partnering with substance abuse
treatment facilities to expand their market presence. Major companies
operating in this market include Teva Pharmaceutical Industries Ltd.,
Reckitt Benckiser Pharmaceuticals Inc., Alkermes plc, Pfizer, Inc., and
GlaxoSmithKline plc.
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