Demand For Drug Abuse Treatment Market Is Increasing As It Helps Individuals Overcome Drug Addiction And Live a Life Free From The Negative Effects Of Drugs

 

A Drug Abuse Treatment course is one which helps individuals overcome drug addiction and live a life free from the negative effects of drugs. Residential treatment for drug abuse offers inpatient rehabilitation for many who are becoming addicted to cocaine and other hard drugs.

Market Dynamics

Increasing consumption of tobacco is anticipated to propel growth of the global Drug Abuse Treatment Market. For instance, based on the World Health Organization, 1.337 billion people smoked tobacco worldwide in 2018. Moreover, misuse of pain relievers is also anticipated to assist in growth of the market. For instance, based on the 2018 National Survey on Drug Use and Health, in the U.S., 3.6% of the people misused pain relievers in 2018.

Increasing investment in R&D for assessing the consequences of alcohol is expected to provide lucrative growth opportunities for players in the global Drug Abuse Treatment Market. For instance, The University of Illinois at Chicago, U.S., received US$ 8.2 million from the National Institute on Alcohol Abuse and Alcoholism to continue the Center for Alcohol Research in Epigenetics and its research on how alcohol affects genes through epigenetics.

Among regions, Asia Pacific is anticipated to witness significant growth in the Drug Abuse Treatment Market, owing to high cases of cannabis-related deaths in the region. For instance, based on a study conducted by researchers at the National Drug and Alcohol Research Center, Australia recorded 559 cases of cannabis-related deaths between 2000 and 2018.

North America is also anticipated to witness significant growth in the Drug Abuse Treatment Market, owing to large number of substance users in the region. For instance, based on the 2018 National Survey on Drug Use and Health, in the U.S., around 164.8 million people aged 12 or older in the U.S. were past month substance users that included tobacco, alcohol, or illicit drugs.

Competitive Analysis

Major players operating in the global Drug Abuse Treatment Market include, Cipla Limited, Glenmark Pharmaceuticals, Pfizer Inc., Mylan N.V., Odyssey Pharmaceuticals Inc., Lil'Drug Store Products Inc., Indivior Plc., Dr. Reddy's Laboratories, Braeburn Inc., Teva Pharmaceutical Industries Ltd., and British American Tobacco Plc.

June 2020: Braeburn Inc., a biopharmaceutical company specialized in delivering solutions for people managing the serious, often fatal consequences of opioid use disorder, requested final approval from the U.S. Food and Drug Administration of the New Drug Application for BRIXADI (buprenorphine) weekly and monthly extended-release injection for the treating opioid use disorder.