Frequently Asked Questions:
The global substance abuse treatment market was valued at USD 9.9 Billion in 2022.
Between 2023 and 2030, the market for substance abuse treatment is estimated to increase at a CAGR of 9.50%, reaching USD 18.68 Billion in 2030.
The global substance abuse treatment market was valued at USD 18.68 Billion in 2030.
Tobacco/nicotine and vaping are the leading segment by treatment type, holding over 43% share in terms of value in 2022.
The hospital segment governs the demand for substance abuse treatments in the world, holding a massive share of over 80% in 2022.
North America is fueling the growth of the substance abuse treatment industry, with an over one-third share in 2022.
The top players include AstraZeneca, Cipla Inc, Abbott, and Novartis AG. Other major players include Viatris Inc., Lilly (Eli Lilly and Company), GSK plc., and Sun Pharmaceutical Industries Ltd.
The rise in government activities and the prevalence of alcohol usage are the major market drivers.
Since people are reluctant to get treatment, it is the major market restraint.
High percentage of e-cig users and technological advancement are the major opportunities in the substance abuse treatment industry.