Addiction Treatment Market
Addiction Treatment Market By Treatment Type (Alcohol, Tobacco/Nicotine, Opioid), By Drug Type (Bupropion, Varenicline, Acamprosate, Others), By Treatment Center (Outpatient, Residential, Inpatient), By Distribution Channel & By Region - Global Market Insights 2022-2032
Analysis of Addiction Treatment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Addiction Treatment Market Outlook (2022-2032)
The global Addiction Treatment market was poised to expand at a CAGR of 6.7% during the forecast period. Uptake across commercial settings is expected to grow substantially, generating an opportunity worth US$ 50 Mn over the coming decade.
Smoking products such as water pipes often involve the sharing of mouthpieces and hoses, which facilitates transmission of the novel coronavirus in communal and social settings. Conditions which increase oxygen needs or reduce the ability of the body to use it properly jeopardize patients by making them vulnerable to serious lung infections like pneumonia.
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Revenue Analysis of Addiction Treatment from 2017-2021 Vs Market Projections for 2022 to 2032
In response to the pandemic, the American Society of Addiction Medicine (ASAM) have convened the Caring for Patients during the COVID-19 Task Force (CPDC). This forum includes a national panel of experts in addiction medicine to produce comprehensive resources tailored to addiction medicine treatment within the context of COVID-19. Simultaneously, leading market players are ensuring basic precautionary measures to contain the spread of the pandemic amongst their employees.
They are also capitalizing on the current scenario to boost production of certain drugs. For instance, Alkermes is in the process of identifying new providers who are currently available to administer injections of their medicines, including appropriate retail pharmacies and clinics.
The company is working in close proximity with healthcare providers, pharmacies and other market players to help navigate new challenges which may arise for patients in accessing their prescribed medications. In addition, the company has also updated its VIVITROL and ARISTADA websites with new information on providers and injection sites.
The increased prevalence of cigarette smoking has boosted the prospects for the tobacco and nicotine addiction treatment market. Moreover, the wider availability of nicotine replacement products and drugs to combat tobacco and nicotine addiction shall also drive market growth.
Examples of such products are Varenicline, Bupropion, and Nortriptyline. The tobacco and nicotine addiction treatment segment is anticipated to capture more than half of the global addiction treatment market, expanding at a CAGR of 6.7%.
Which are Some Prominent Drivers of the Addiction Treatment Market?
Global Addiction Treatment Market to Show Robust Growth, Driven by Rise in Tobacco Consumption
Addiction to various substances has been a major problem across the world. Abuse of substances such as alcohol, marijuana, cocaine, prescription medicine, tobacco, and others inflict debilitating damage to the human body. Out of these, tobacco consumption, mostly in the form of cigarette smoking, is a leading cause of death in the world.
Cigarette smoking has increased the prevalence of lung cancers and cardiovascular diseases. More than 8 million people die annually as a result of tobacco consumption.
Fortunately, governments have recognized this threat and have taken concrete steps to limit the casualties arising out of substance addiction. Awareness about hazards has prompted patients to opt for smoking cessation therapy, which is one of the drivers for the global addiction treatment market. Abuse of prescription drugs and the measures taken by governments to curb the same shall also drive the market’s growth.
Drug Awareness Campaigns to Push the Market Prospects
Drug awareness campaigns and addiction & rehab centers are contributing significantly to the market growth. Furthermore, awareness campaigns and related anticipation programs are highly responsible for incorporating rising patient mindfulness, and support to control substance medication in a few nations. For example, in December 2021, the Indian government sent off the "Medication Free India" crusade and gave bearings for checking chronic drug use in the Indian people.
Moreover, in October 2021, the Centers for Disease Control and Prevention (CDC) sent off four reciprocal training efforts planned to arrive at youthful grown-ups ages 18-34 years targeted at preventing drug overdose deaths. The missions give data about the pervasiveness and risks of fentanyl, the dangers and outcomes of blending drugs, the life-saving force of naloxone, and the significance of decreasing the shame around drug use to help medicine and recuperation. Such drives are expanding and adding to the addiction treatment market's development.
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Comparative View of Addiction Treatment Markets
Addiction Treatment Market :
|Attributes||Addiction Treatment Market|
|Growth Factor||he increased prevalence of cigarette smoking has boosted the prospects for the tobacco and nicotine addiction treatment market. Moreover, the wider availability of nicotine replacement products and drugs to combat tobacco and nicotine addiction shall also drive market growth.|
|Opportunity||Governments have recognized this threat and have taken concrete steps to limit the casualties arising out of substance addiction. Awareness about hazards has prompted patients to opt for smoking cessation therapy, which is one of the drivers for the global addiction treatment market.|
Peritoneal Cancer Treatment Market :
|Attributes||Peritoneal Cancer Treatment Market|
|Growth Factor||Rising prevalence of the disease has drawn the attention of pharmaceutical companies operating in the peritoneal cancer treatment market to research and develop effective treatment measures.|
|Opportunity||Growing ovarian as well as peritoneal cancer cases along with government funding, increase in healthcare expenditure, and availability of new drugs and therapies are major factors fuelling growth of the peritoneal cancer treatment market.|
Antibiotic-Associated Diarrhea Treatment Market :
|Attributes||Antibiotic-Associated Diarrhea Treatment Market|
|Growth Factor||The prevalence of antibiotic-associated diarrhea treatment market has increased due to the availability of over the counter drugs which has been attributed to increase the prevalence of Antibiotic-associated diarrhea.|
|Opportunity||The rise in the technology and development of online pharmacies is also making patients opt for self-treatments. The overall Antibiotic-associated diarrhea treatment market is pushed by the increasing demand for growing expenditure on healthcare and patient safety.|
Will Revenue Growth Keep the Momentum High for the U.S. Addiction Treatment Market?
Increasing Need for Eradicating Tobacco Consumption bolstering demand for Addiction Treatment
The United States is the most attractive region for the expansion of the addiction treatment market. Rising adoption of addiction treatment products, particularly for eradicating tobacco consumption and an established healthcare infrastructure are set to boost market prospects. The region is anticipated to hold over two-fifths of the global addiction treatment market, expanding 1.4x during the forecast period.
The United States is supposed to rule the market because of the rising abuse of tobacco and a rising number of government drives pointed toward diminishing substance misuse.
For example, according to a December 2020 update by the Centers for Disease Control and Prevention (CDC), almost 14 out of every 100 United States grown-ups matured 18 years, or more seasoned (14.0%) smoked cigarettes in 2019. According to a similar source, an expected 34.1 million adults in the U.S are presently smoking cigarettes, and around 16 Mn people live with smoking-related ailments and associated ill effects.
Why is India a Prominent Market for Addiction Treatment?
Positively Growing Economy to Push Demand for Addiction Treatment
India is anticipated to expand the fastest, at a robust CAGR of 7.9% during the forecast period. This is because governments in these countries are taking several initiatives to address issues related to drug addiction. For example, in 2021, Sahyog Clinic sent off its new host of medicines like de-enslavement from liquor and medications, restoration, and detoxification from liquor and medications, and that's only the tip of the iceberg. These new arrangements of restoration and different projects would uphold the Government of Delhi's drive to lessen the interest in liquor and medication in the country.
Also, initiatives such as the establishment of smoke-free cities in countries like China are also projected to drive the growth of the addiction treatment market.
Which Distribution Channel is Projected to Boost the Market?
Hospital Pharmacies to Add to the Overall Demand
Based on the distribution channels, the hospital pharmacies are proven as one of the most effective and easily approachable centers for purchasing addiction medication at the primary or initial level. Moreover, Various kinds of medicines are available with different dose levels to calm the subject and decrease the urge for substance abuse. Almost all kinds of prescribed and non-prescribed medicines can be easily available for addicted patients.
Start-Ups For Addiction Treatment Market
Some key startups in the Addiction Treatment market include-
- Canadian startup zpharm offers Cravv, a natural health product for smoking cessation. The startup’s novel medication uses cytisine as a replacement for nicotine addiction. Cytisine aids cessation by reducing the severity of withdrawal and also the satisfaction associated with tobacco use. Moreover, cytisine-based tobacco addiction management offers a more affordable solution, which potentially benefits lower-income countries where most smokers live.
- The US-based startup PursueCare provides at-home telehealth treatment for opioid addiction. The startup combines telehealth technology with traditional medication treatment and counseling to help ensure a successful recovery. The mobile application allows users to explore medication-assisted treatment, addiction counseling, mental health therapy, toxicology screening, care coordination, and medication delivery. Users also have access to an addiction counselor who understands their story and virtually meets with you at any time.
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The global Addiction Treatment market is highly competitive owing to the top global players trying to gain market share through various strategies such as mergers & acquisitions, expansions, collaborations, and partnerships. Key players in the global addiction treatment market are engaged in regulatory approvals, and launch of new products.
- In June 2021, AELIS FARMA, a biotechnology organization working in the ailment of cerebrum issues, declared essential cooperation and choice permit concurrence with INDIVIOR PLC to address the serious results of weed use problems (CUD), including marijuana prompted psychosis (CIP).
- In June 2021, Terveystalo Healthcare has procured 72% of shareholding in Feelgood Svenska AB and unveils a suggested required deal of SEK 5.7/share.
CAGR of 6.7% from 2022 to 2032
Base Year for Estimation
Key Companies Profiled
Key Segments Profiled in the Addiction Treatment Industry Survey
Fact.MR has studied the global addiction treatment market with detailed segmentation on the basis of treatment type, drug type, treatment centers, distribution channel, and key regions.
By Treatment Type :
- Other Substances
By Drug Type :
- Nicotine Replacement Products
By Treatment Centers :
- Outpatient Treatment Centers
- Residential Treatment Centers
- Inpatient Treatment Centers
By Distribution Channel :
- Hospital Pharmacy
- Medical Stores
By Key Regions :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
- FAQs -
The global addiction treatment market is set to expand at a CAGR of 6.7% during the forecast period.
The rising prevalence of cigarette smoking boosts the prospects for the tobacco and nicotine addiction treatment market.
North America is the most attractive region for the expansion of the addiction treatment market.
Production of de-addiction drugs and other formulae to assist patients remains the key growth strategy of the market players.