Addiction Treatment Market Size is set to register lucrative gains from 2022 to 2028 impelled by growing incidences of substance abuse including tobacco, alcohol, and drugs. The excessive consumption of these substances is known to cause debilitating damage to the human body.
Besides, growing awareness regarding the adverse effects of substance abuse, introduction to different programs, and increasing establishment of rehabilitation centers worldwide would as well support addiction treatment market expansion over the forecast period of 2022-2028. For instance, SAMHSA’s Center for Substance Abuse Prevention aims at developing comprehensive systems via offering national leadership in the development of programs, policies, and services to limit the onset of substance abuse.
In addition, a rising number of treatment centers that have partnerships with private recovery facilities are foraying into the market space, leading to a prolific expansion of treatment access to a higher population.
However, factors like high reluctance of individuals for treatment access owing to the attached social stigma and discontinuation of therapies leading to relapse of addiction are expected to produce growth challenges for the overall addiction treatment market during the analysis period.
Based on the type of addiction, nicotine addiction treatment segment is likely to earn significant profits over the due course of time. This can be ascribed to the rising consumption of tobacco in form of cigarette smoking. As per the WHO statistics, tobacco results in deaths of more than 8 million people every year. The segmental growth would also be propelled by an expansive availability of nicotine replacement drugs and products like transdermal patches, nicotine gum, oral sprays, and others to mitigate nicotine addiction.
Considering the type of treatment, rehabilitation programs are gaining significant ground worldwide for treating the worst-affect substance abuse population. Rehabilitation programs help people regain control over their lives and reintegrate into society. Drug rehabilitation centers help guide sufferers with 12-step programs, including therapeutic sessions and others. Furthermore, intervention of community leaders in building novel de-addiction rehab programs will as well stimulate the segmental growth curve in the coming years. For instance, in 2021, Sahyog Clinic launched its new host of treatments like de-addiction from alcohol and drugs, rehabilitation, detoxification from alcohol and drugs, and more. These new sets of rehabilitation and other programs would support the Government of Delhi’s initiatives to reduce the demand for alcohol and drug in the country.
Regionally, the growth in Asia Pacific addiction treatment market is slated to come from the growing incidences of substance abuse including drug consumption, cigarette smoking, and others. In India, nearly 160 million people are known to consume alcohol nationwide. The regional market growth is being further fueled by government initiatives to cater to the issues related to drug addiction.
Eminent players operating in the global addiction treatment market are Pfizer Inc., GlaxoSmithKline plc, Reckitt Benckiser PLC, Cipla Ltd., Alkermes plc, and others. These market vendors are relentlessly working towards introducing novel innovations in the space while being engaged in diverse marketing tactics like partnerships, acquisitions and mergers, and facility expansions.
With the outbreak of SAR-CoV-2 infection at peak during 2020, people were inclined towards health consciousness leading to a break from alcohol consumption and smoking as the coronavirus was known to affect the respiratory system. This eventually offered a positive lead to the market, enrolling in huge population in taking up substantial de-addiction products. However, with temporary closure of rehabilitation or de-addiction centers in wake of the virus spread, the market observed a subtle downfall during the pandemic times.
Market, by Type of Treatment
Market, by Type of Addiction
Market, by Drug Class
Market, by Distribution Channel
The above information is provided for the following regions and countries: