About Drug Addiction Treatment
According to the Drug report of 2016, Drug addiction is widespread globally with around 247 million drug users. Moreover, from 1999 to 2015, there are approximately 183,000 people have died in the United States reportedly due to drug overdose or related substances such as opioids. Drug addiction is a complex neurobiological disease that demands an integrated treatment of the mind, body, and spirit. It is considered as a brain disease because drugs change the brain they change its structure and how it works. Without treatment, these brain changes can last long. Further increasing number of youngsters getting affectionate with an urge to experience these drug addiction and growing healthcare infrastructure is anticipated to drive the market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
CAGR | 7.7% |
The global drug addiction treatment market is fairly competitive and consists of various emerging and well-established major companies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Drug Addiction Treatment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Indivior (United Kingdom), Pfizer, Inc. (United States), Alkermes (Ireland), Novartis International AG (Switzerland), Mylan N.V. (United States), Cipla (India), Glenmark (India) and British American Tobacco plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Dr. Reddy's Laboratories (India), Teva Pharmaceuticals (Israel), PLIVA (Odyssey) (United States) and Lil Drug Store plc (United States).
Segmentation Overview
AMA Research has segmented the market of Global Drug Addiction Treatment market by Type (Methadone, Buprenorphine, Naltrexone, Bupropion, Varenicline and Others), Application (Hospitals and Clinics) and Region.
On the basis of geography, the market of Drug Addiction Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Addiction Type, the sub-segment i.e. Opioid Addiction will boost the Drug Addiction Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacy will boost the Drug Addiction Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Treatment Centers, the sub-segment i.e. Outpatient Treatment Centers will boost the Drug Addiction Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Launch and Approval of Novel Drug for the Treatment, Increasing Number of Death cases due to Drug Abuse and Encouragement by the Government As Well As Rehabilitation Centers to Control Drug Addiction
Market Growth Drivers:
Rising Awareness among People about the Adverse Effects of Drug Addiction through Social Media, Increasing Number of Rehabilitation center in Developed and under Developed Countries and The Surge in the Number of Youngsters Getting Addicted to Alcohol, Tobacco, etc.
Challenges:
Stringent Government Policies Related to Drugs under Pipeline for Addiction Treatment.
Restraints:
High Cost of Drug Addiction Treatment may hamper the Market Growth
Opportunities:
Stringent Laws by the Government Due to Rising Prevalence of Drug Addiction and High Investment in Healthcare Sector and Rising R & D activities
Market Leaders and their expansionary development strategies
In January 2019 Center on Addiction and Partnership for Drug-Free Kids announced they are merging under the name Center on Addiction. As mortalities are on the peak from drug overdoses, the organizations are uniting to accelerate progress against this deadly disease and transform how the nation addresses addiction.
In April 2022, Indivior PLC (LON: INDV) today presented an integrated analysis of three clinical Phase III studies evaluating the additional benefits of long-term treatment with SUBLOCADE® (buprenorphine extended-release) injections for up to 18 months in treatment-seeking adults with moderate or severe opioid use disorder (OUD).1 The data will be presented at the American Society of Addiction Medicine (ASAM) 2022 Annual Meeting, taking place from March 31st to April 3rd, 2022
The Substance Use-Disorder Prevention that Promotes Opioid Recovery and Treatment (SUPPORT) for Patients and Communities Act of 2018, was made law to address the nation’s opioid overdose epidemic. and The legislation includes provisions to strengthen the behavioral health workforce through increasing addiction medicine education; standardize the delivery of addiction medicine; expand access to high-quality, evidence-based care; and cover addiction medicine in a way that facilitates the delivery of coordinated and comprehensive treatment.
Key Target Audience
Pharmaceutical Companies, Traders/Distributors & Suppliers, Industry Associations, Potential Investors, Government & Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.