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8,000 Mn in 2017. It is projected to expand at a CAGR of 8% from 2018 to 2026. The report suggests that emerging initiatives by companies and governments and rise in abuse of prescription drugs are anticipated to boost the global substance abuse treatment industry from 2018 to 2026. North America and Europe are expected to dominate the international substance abuse treatment market in the next few years, owing to industry availability of new drugs and technology, rigorous investigation and development by significant providers, and strong medical infrastructure. Players are constantly working in the global substance abuse treatment industry. Important events in the industry include submission of provisional patent application to the USPTO for proprietary pure cannabidiol compositions by Normaco in October 2018, approval of SUBLOCADE, by the FDA, launched in the U.S. They also enter into distribution agreements to strengthen their presence across the globe. March 2018, and U.S.
In terms of finish-user, the healthcare providers segment accounted for major share of the global antiseptic and disinfectant industry. It is estimated to gain market place share by the finish of 2026, expanding at a CAGR extra than 6% in the course of the forecast period. North America and Europe accounted for a crucial share of the worldwide antiseptic and disinfectant marketplace in 2016. These are likely to acquire industry share by the finish of 2026. High adoption of digital platforms for sterilization approach, and government initiatives to promote the minimally invasive surgery methods have contributed to leading share of these regions in the global antiseptic and disinfectant industry. Asia Pacific Provides Possible Small business Development Opportunity. Rising quantity of multinational hospital chains and high digitization budgets for sterilization strategies are likely to drive the healthcare providers segment through the forecast period. Expansion of the life sciences sector, hospitals, and pharmaceutical business, and so on. has led to the prominent share held by the healthcare providers segment in the international antiseptic and disinfectant marketplace.