Addiction Treatment Market: Industry Analysis and Forecast 2021-2027: by Treatment Type, Drug Type, Treatment Center, Distribution Channel and Region.

Addiction Treatment Market is anticipated to reach US$ 8.51 Bn. by 2027 from US$ 6 Bn. in 2020 at a CAGR of 6% during a forecast period. According to the National Survey on Drug Use and Health (NSDUH), around xx million individuals were alcoholics in the previous year, including roughly XX million men. According to a CDC report, tobacco use is responsible for nearly xx million fatalities. As a result, addiction therapy is designed to help addicts overcome their obsessive desire. Addiction therapy is also given in a variety of locations utilizing a variety of behavioural and pharmaceutical techniques. As a result, addiction therapy is at the top of the worldwide market. Addiction Treatment Market To know about the Research Methodology :- Request Free Sample Report In report, 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Addiction Treatment Market Dynamics

The rising number of dependent persons, as well as the increasing number of drug awareness campaigns, preventative programs, and technology breakthroughs, all contribute to the addiction treatment market's growth. In many countries, drug awareness campaigns and related preventive initiatives have increased patient awareness, an increase in treatment-seeking frequency backed by increased government engagement, and an increased emphasis on addiction reduction. Furthermore, knowledge is conveyed through television commercials, newspapers, information pamphlets, and other media, all of which are advantageous to market growth. The number of people successfully treated for drug addiction is increasing, thanks to new medicines that prevent deterioration while simultaneously controlling drug urges. Furthermore, the market is seeing a growth in the number of treatment centers that work with private recovery facilities, which help to grow treatment access to a rising population. These elements are assisting in the market's growth. The global market for addiction treatment is growing at a breakneck pace. The increased misuse of prescription medications is also contributing significantly to the market's growth. Increased government support, such as a growing number of efforts to raise consumer awareness about drug addiction and the implementation of advantageous reimbursement rules for smoking cessation therapy, is expected to boost this market during the forecast period. During the forecast period, the continuous introduction of innovative therapies and medications for addiction treatment is also likely to boost this market. Although the global addiction treatment market appears to have a bright future, it may come across several hurdles in the years ahead. The duration of treatment processes, which need constant monitoring and several interventions, is expected to slow the market's growth. COVID-19 Impact During the COVID-19 pandemic, the global addiction treatment market is expected to grow significantly. The new coronavirus poses a life-threatening hazard, particularly to persons who smoke or vape. Because cigarettes and marijuana already induce irreversible lung damage, a COVID-19 infection can result in enormous deaths. Sharing mouthpieces and hoses are common with smoking goods like water pipes, which makes it easier for the new coronavirus to spread in communal and social contexts. Patients are put at risk by conditions that raise oxygen demands or limit the body's capacity to use it efficiently, putting them prone to deadly lung infections like pneumonia. The American Society of Addiction Medicine (ASAM) has organized the Caring for Patients during the COVID-19 Task Force in response to the epidemic (CPDC). Within the context of COVID-19, this forum comprises a national panel of addiction medicine professionals who could create comprehensive materials targeted to addiction medicine therapy. Simultaneously, major market businesses are taking simple precautions to prevent the pandemic from spreading among their staff.

Addiction Treatment Market Segmentation Analysis

By Treatment Type, The rising incidence of cigarette smoking has bolstered the market for tobacco and nicotine addiction therapy. Furthermore, the increased availability of nicotine replacement products and medications to treat tobacco and nicotine addiction would propel market growth. Varenicline, Bupropion, and Nortriptyline are examples of such medications. Tobacco and nicotine addiction therapy is expected to account for more than half of the worldwide addiction treatment market, growing at a CAGR of 6.3 percent. Smoking is one of the biggest avoidable causes of mortality, and it is becoming more prevalent across the world. As a result, local states and various federal agencies finance a substantial amount of tobacco/nicotine addiction therapy. Furthermore, some private health insurance covers the treatment of addiction and its impacts.

Addiction Treatment Market Regional Insight

In 2020, North America accounted for the highest share of the global addiction treatment market. This is due to an increase in the number of smokers in the United States, which has raised health issues for both passive and active smokers. Rising use of addiction treatment solutions, especially for the cessation of tobacco use, as well as a well-established healthcare infrastructure, are expected to increase market prospects. Over two-fifths of the worldwide addiction, treatment market is expected to be held by the region, which is expected to grow at a rate of 1.4x over the forecast period. Activities by regional governments to achieve originality in pharmaceutical manufacture, as well as other incentives for the production of generics in countries such as South Africa, Saudi Arabia, and Brazil, would support the Middle East and Africa and Latin America markets. Asia Pacific is expected to grow at the quickest rate, with a CAGR of 7.9% during the forecast period. This is because the governments of these region is launching several programs to combat drug addiction. In addition, initiatives such as the establishment of smoke-free cities in countries such as China are expected to propel the addiction treatment market forward. Report Objectives: • Landscape analysis of the Addiction Treatment Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • Potential impact of micro-economic factors of the market • External and Internal factors affecting market have been analyzed The report also helps in understanding the Addiction Treatment Market dynamics, structure by analysing the market segments and project the Addiction Treatment Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Addiction Treatment Market make the report investor’s guide.

Addiction Treatment Market Scope: Inquire before buying

Addiction Treatment Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 6 Bn.
Forecast Period 2021 to 2027 CAGR: 6 % Market Size in 2027: US $ 8.51 Bn.
Segments Covered: by Treatment Type • Alcohol Addiction Treatment • Tobacco / Nicotine Addiction Treatment • Opioid Addiction Treatment • Other Substance Addiction Treatment
by Drug Type • Bupropion • Varenicline • Acamprosate • Disulfiram • Naltrexone • Methadone • Buprenorphine • Nicotine replacement products • Others surgical
by Treatment Centre • Outpatient Treatment Centers • Residential Treatment Centers • Inpatient Treatment Centers
by Distribution Channel • Outpatient Treatment Centers •Residential Treatment Centers •Inpatient Treatment CentersHospital Pharmacies •Medical Stores •Others

Addiction Treatment Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Addiction Treatment Market: Key Players

Pfizer Inc. • Alkermes Plc. • GlaxoSmithKline Plc. • Purdue Pharma LP. • Allergan • Mylan Laboratories • Reckitt Benckiser Pharmaceuticals • Teva Pharmaceuticals • Forest Laboratories, Inc. • Accord Healthcare • mphastar Pharmaceuticals • Apotex • BioCorRx • Cipla • Glenmark • INSYS Therapeutics • LFB Group • Lupin • Opiant Technologies • Sanofi Aventis • Sanquin • Sterinova • Sun Pharmaceuticals Frequently Asked Questions 1. What is the projected market size & growth rate of Addiction Treatment Market? Ans- Addiction Treatment Market was valued at USD 8.51billion in 2020 and is projected to reach USD 6billion by 2027, growing at a CAGR of 6% during the forecast period. 2. What are the key driving factor for the growth of Addiction Treatment Market? Ans- The rising number of dependent persons, as well as the increasing number of drug awareness campaigns, preventative programs, and technology breakthroughs, all contribute to the addiction treatment market's growth. 3. Which Region accounted for the largest Addiction Treatment Market share? Ans- In 2020, North America accounted for the highest share of the global addiction treatment market. 4. What makes Asia Pacific a Lucrative Market for Addiction Treatment Market? Ans- initiatives such as the establishment of smoke-free cities in countries such as China are expected to propel the addiction treatment market forward. 5. What are the top players operating in Addiction Treatment Market? Ans- Pfizer Inc., Alkermes Plc. GlaxoSmithKline Plc, Purdue Pharma LP, Allergan, and Mylan Laboratories.
1. Global Addiction Treatment Market: Research Methodology 2. Global Addiction Treatment Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Addiction Treatment Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Addiction Treatment Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Addiction Treatment Market Segmentation 4.1 Global Addiction Treatment Market, By Treatment Type (2020-2027) • Alcohol Addiction Treatment • Tobacco / Nicotine Addiction Treatment • Opioid Addiction Treatment • Other Substance Addiction Treatment 4.2 Global Addiction Treatment Market, By Drug Type (2020-2027) • Bupropion • Varenicline • Acamprosate • Disulfiram • Naltrexone • Methadone • Buprenorphine • Nicotine replacement products • Others surgical 4.3. European Addiction Treatment Market, By Treatment Centre (2020-2027) • Outpatient Treatment Centers • Residential Treatment Centers • Inpatient Treatment Centers 4.4. European Addiction Treatment Market, By Distribution Channel (2020-2027) • Hospital Pharmacies • Medical Stores • Others 5. North America Addiction Treatment Market (2020-2027) 5.1 North American Addiction Treatment Market, By Treatment Type (2020-2027) • Alcohol Addiction Treatment • Tobacco / Nicotine Addiction Treatment • Opioid Addiction Treatment • Other Substance Addiction Treatment 5.2 North America Addiction Treatment Market, By Drug Type (2020-2027) • Bupropion • Varenicline • Acamprosate • Disulfiram • Naltrexone • Methadone • Buprenorphine • Nicotine replacement products • Others surgical 5.3. European Addiction Treatment Market, By Treatment Centre (2020-2027) • Outpatient Treatment Centers • Residential Treatment Centers • Inpatient Treatment Centers 5.4. European Addiction Treatment Market, By Distribution Channel (2020-2027) • Hospital Pharmacies • Medical Stores • Others 5.5. North America Addiction Treatment Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Addiction Treatment Market (2020-2027) 6.1. Asia Pacific Addiction Treatment Market, By Treatment Type (2020-2027) 6.2. Asia Pacific Addiction Treatment Market, By Drug Type (2020-2027) 6.3. European Addiction Treatment Market, By Treatment Centre (2020-2027) 6.4. European Addiction Treatment Market, By Distribution Channel (2020-2027) 6.5. Asia Pacific Addiction Treatment Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Addiction Treatment Market (2020-2027) 7.1. Middle East and Africa Addiction Treatment Market, By Treatment Type (2020-2027) 7.2. Middle East and Africa Addiction Treatment Market, By Drug Type (2020-2027) 7.3. European Addiction Treatment Market, By Treatment Centre (2020-2027) 7.4. European Addiction Treatment Market, By Distribution Channel (2020-2027) 7.5. Middle East and Africa Addiction Treatment Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Addiction Treatment Market (2020-2027) 8.1. Latin America Addiction Treatment Market, By Treatment Type (2020-2027) 8.2. Latin America Addiction Treatment Market, By Drug Type (2020-2027) 8.3. European Addiction Treatment Market, By Treatment Centre (2020-2027) 8.4. European Addiction Treatment Market, By Distribution Channel (2020-2027) 8.5. Latin America Addiction Treatment Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Addiction Treatment Market (2020-2027) 9.1. European Addiction Treatment Market, By Treatment Type (2020-2027) 9.2. European Addiction Treatment Market, By Drug Type (2020-2027) 9.3. European Addiction Treatment Market, By Treatment Centre (2020-2027) 9.4. European Addiction Treatment Market, By Distribution Channel (2020-2027) 9.5. European Addiction Treatment Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Pfizer Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Pfizer Inc. 10.3. Alkermes Plc. 10.4. GlaxoSmithKline Plc. 10.5. Purdue Pharma LP. 10.6. Allergan 10.7. Mylan Laboratories 10.8. Reckitt Benckiser Pharmaceuticals 10.9. Teva Pharmaceuticals 10.10. Forest Laboratories, Inc. 10.11. Accord Healthcare 10.12. mphastar Pharmaceuticals 10.13. Apotex 10.14. BioCorRx 10.15. Cipla 10.16. Glenmark 10.17. INSYS Therapeutics 10.18. LFB Group 10.19. Lupin 10.20. Opiant Technologies 10.21. Sanofi Aventis 10.22. Sanquin 10.23. Sterinova 10.24. Sun Pharmaceuticals

About This Report

Report ID 36416
Category Healthcare
Published Date Nov 2019
Updated Date Nov 2021
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