Pune, India, Feb. 20, 2023 (GLOBE NEWSWIRE) -- The US substance use disorder treatment market size was USD 35.14 billion in 2021 and is expected to grow from USD 37.24 billion in 2022 to USD 60.18 billion by 2029, with a CAGR of 7.1% during the forecast period. Substance abuse refers to the condition where uncontrolled use of substances leads to addiction. Rising number of patients seeking assistance for disorder treatment is set to propel market growth. Fortune Business Insights™ shares this information in its report titled "US substance use disorder treatment market, 2022-2029."

Key Industry Development

July 2022- ERP Health LLC collaborated with Regard Recovery and its subsidiary JourneyPure, with the aim to provide their Outcome Tracking Platform (OTP) services to all JourneyPure patients across 17 facility networks.

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Report Scope:

Key Takeaways:

• The market is expected to experience growth as a result of players collaborating to expand the reach of their programs.
• The opioid addiction treatment segment is anticipated to witness substantial growth during the forecast period.
• Market players' ongoing development of technologically advanced treatments is a key factor contributing to the growth of the substance use disorder treatment market.

Drivers and Restraints:

Rising Cases of Neurological and Psychological Disorders to Progress Market Development

Rising cases of neurological and psychological disorders such as depression, schizophrenia, sudden mood swings, irritability, and personality disorders, are anticipated to drive the US substance use disorder treatment market growth. In September 2021, the Freedom Center Outpatient Recovery Center stated that schizophrenia affects around 1.5 million people in the U.S. annually. Number of people falling victim to substance abuse at a young age contributes to an increase in admissions to substance abuse treatment facilities. Rising penetration of insurance coverage for the treatment of substance abuse is also expected to drive market growth.
However, delay in the diagnosis of substance abuse is expected to hamper the market growth.

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Segments:

Level 2 Care to Lead as it Helps in Relapse Management

Adult Segment to Govern Owing to Growing Number of Patient Admissions

According to age group, the market is bifurcated into adult and adolescent. The adult segment is projected to govern due to increased inpatient admissions to hospitals and substance abuse treatment centers. The adolescent segment is expected to grow at the highest CAGR owing to the rise in incidents of children getting involved in alcohol consumption or use of any illicit drug at an early stage.

Hospitals and Specialty Clinics to Govern they Help in Alcohol Abuse

According to service provider, the market is segmented into rehabilitation centers, hospitals and specialty clinics, sober living homes, and others in terms of service provider. Hospitals and specialty clinics segment is projected to dominate due to increasing number of patient visits to hospitals treating patients involved in alcohol and other substance use disorders.

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Competitive Landscape:

New Substance-Use Treatment Programs by Key Players to Progress Market Track

List of Key Players Profiled in the Report:

• Hazelden Betty Ford Foundation (U.S.)
• JourneyPure (Regard Recovery) (U.S.)
• Workit Health (U.S.)
• Pyramid Healthcare Inc. (U.S.)
• American Treatment Network (U.S.)
• Banyan Treatment Centers (U.S.)
• Asana Recovery (U.S.)
• Acadia Healthcare (U.S.)
• Promises Behavioral Health (U.S.)

FAQs:

How big is the US Substance Use Disorder Treatment Market?

The market is projected to grow from USD 37.24 billion in 2022 to USD 60.18 billion by 2029, exhibiting a CAGR of 7.1% during the forecast period.

Major Table of Contents:

• • • • Intensive Outpatient Services
      • Partial Hospitalization Services

• • • Level 3

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