Substance Drug Abuse Market Report and Forecast 2024-2032

Substance Drug Abuse Market Overview

Substance abuse or drug abuse refers to the excessive use of psychoactive drugs like pain medications, alcohol, or illegal drugs which can result in emotional, physical, and social harm to an individual. Alcohol is reported as the most commonly used drug by Americans, followed by tobacco and marijuana. In the United States, 1 in 4 people over the age of 12 admitted to the use of illicit drugs. The market for substance drug abuse is driven by the rising incidences of substance abuse, propelled by stress and anxiety, peer pressure, and mental health issues among the general public. The rise in government policies and initiatives that work towards reducing drug abuse and raising awareness about the dangers of addiction are expected to fuel market growth. Moreover, the expansion of treatment options, growth in telemedicine services, and the increasing adoption of digital health technologies are anticipated to shape the market dynamics.

Substance Drug Abuse Market Growth Drivers

Increasing Incidence of Substance Abuse is Driving Market Growth

Drug and substance abuse poses a major problem in the United States. According to the recent National Survey on Drug Use, 70 million Americans accounting for 25% of the population admitted to using illicit drugs such as cocaine, heroin, and methamphetamines. The survey also revealed that 48.7 million individuals in the United States struggle with substance abuse. The rising incidence of substance abuse, driven by factors such as stress, peer pressure, and mental health issues, is contributing to the market growth.

Substance Drug Abuse Market Trends

Substance Drug Abuse Market Segmentation

Substance Drug Abuse Market Share

Treatment Segment is Anticipated to Witness Substantial Growth

The market segmentation based on treatment includes drugs (methadone, buprenorphine, naltrexone, and others), as well as counseling and behavioral therapy, among others. The drug segment helps in managing withdrawal symptoms and cravings. Methadone is commonly used to treat opioid addiction and is also included in government-supported treatment programs due to its established efficacy. Counseling and behavioral therapies also play a significant role in addiction treatment. The growing demand for virtual counseling services, particularly through telehealth platforms, is poised to aid the growth of the treatment segment in the forecast period.

Substance Drug Abuse Market Analysis by Region

The market segmentation by region includes the United States, EU-4 (Germany, France, Italy, Spain), the United Kingdom, Japan, and India. The United States dominates the market share owing to the increased legalization of cannabis and the growing public awareness about mental health issues. Increased government initiatives such as the establishment of the Substance Abuse and Mental Health Services Administration (SAMHSA), an agency that operates within the U.S. Department of Health and Human Services, work towards enhancing behavioral health in the country including services that improve the accessibility of substance use and mental disorder information. Additionally, the expansion of telehealth services and the rising emphasis on prescription drug abuse are likely to support the market growth.

Leading Players in the Substance Drug Abuse Market

The key features of the market report comprise patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, and strategic initiatives by the leading key players. The major companies in the market are as follows:

Pfizer Inc.

Pfizer, headquartered in New York, United States, plays a significant role in the growth of the market. Pfizer manufactures Naloxone Hydrochloride Injection, USP, a pure opioid antagonist that can prevent or reverse the effects of opioids such as sedation, hypotension, and respiratory depression.

Mallinckrodt Pharmaceuticals

Mallinckrodt Pharmaceuticals, based in Staines-upon-Thames, United Kingdom, is a leading manufacturer of gener...

Rosemont Pharmaceuticals Limited

United Kingdom-based Rosemont Pharmaceuticals has a prominent presence in the market, known for its novel-deli...

Spectrum Chemicals

Spectrum Chemical is one of the leading players in the market, recognized as a global provider of quality chem...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the market include Taj Pharmaceuticals Limited, VistaPharm LLC, Teva Pharmaceuticals Inc., Hikma Pharmaceutical PLC, Braeburn Inc., and Atlas Medical GmbH.

Key Questions Answered in the Substance Drug Abuse Market Report

• What was the substance drug abuse market value in 2023?
• What is the substance drug abuse market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is market segmentation based on treatment?
• What is the market breakup based on the route of administration?
• Who are the major end users in the market?
• What is the market breakup by distribution channels?
• What are the major factors aiding the substance drug abuse market demand?
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints?
• Which regional market is expected to lead the market share in the forecast period?
• Which country is expected to experience expedited growth during the forecast period?
• How does the rising burden of substance abuse disorders affect the market landscape?
• What are the major substance drug abuse market trends?
• How does the growing awareness about substance abuse impact the market size?
• Which treatment will dominate the market share?
• Which route of administration is expected to have a high market value in the coming years?
• Which end user will experience the highest demand in the market segment?
• Which distribution channel is projected to contribute to the highest market growth?
• Who are the key players involved in the substance drug abuse market?
• What is the patent landscape of the market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers and acquisitions among the key market players shaping the market dynamics?