Addiction Treatment Market: Global Industry Analysis and Forecast (2023-2029)

Addiction Treatment Market is anticipated to reach US$ 9.56 Bn. by 2029 from US$ 6.35 Bn. in 2022 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.To know about the Research Methodology :- Request Free Sample 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 2022, 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.
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Addiction Treatment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 6.35 Bn.


Forecast Period 2023 to 2029 CAGR:
6 %
Market Size in 2029:
US $ 9.56 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
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Addiction Treatment Market: Key Players
1. Pfizer Inc.
2. Alkermes Plc.
3. GlaxoSmithKline Plc.
4. Purdue Pharma LP.
5. Allergan
6. Mylan Laboratories
7. Reckitt Benckiser Pharmaceuticals
8. Teva Pharmaceuticals
9. Forest Laboratories, Inc.
10. Accord Healthcare
11. mphastar Pharmaceuticals
12. Apotex
13. BioCorRx
14. Cipla
15. Glenmark
16. INSYS Therapeutics
17. LFB Group
18. Lupin
19. Opiant Technologies
20. Sanofi Aventis
21. Sanquin
22. Sterinova
23. 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 6.35 billion in 2022 and is projected to reach USD 9.56 billion by 2029, 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 2022, 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.