About Addiction Treatment
Addictive disorders are a group of disorders that can cause physical and psychological damage. Receiving treatment is essential for breaking the cycle of addiction. Behavioral therapies help people in drug addiction treatment modify their attitudes and behaviors related to drug use. As a result, patients are able to handle stressful situations and various triggers that might cause another relapse. Addiction is the mental disorder which compels someone repeatedly use substance or engage in behavior even though they have harmful consequences. This treatment is intended to help addicted individual stop compulsive drug seeking and use. The increase in relevance of dependency on psychoses drugs such as alcohol use disorder, opioid additive, Tobacoo, cocaine, marijuana heroine. are driving the growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
CAGR | 6.12% |
The competitive landscape of the addiction treatment market can help stakeholders, including investors, healthcare providers, and policymakers, make informed decisions about how to best address this critical issue.The Players having a strong hold in the market are Cipla Ltd., Allergan plc, Alkermes plc, Pfizer Inc., and Orexo AB. Analyst at AMA Research estimates that Eurpean Players will contribute the maximum growth to Global 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.
Cipla Ltd. (India), Allergan plc (Ireland), Alkermes plc (Ireland), Pfizer Inc. (United States), Orexo AB (Sweden), GlaxoSmithKline plc (United Kingdom), Purdue Pharma L.P (United States), Mallinckrodt Pharmaceuticals (United Kingdom), Reckitt Benckiser (United Kingdom) and Teva Pharmaceuticals (Israel) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Forest Laboratories (United States), Indivior PLC (United Kingdom) and Noramco, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Addiction Treatment market by Type (Alcohol Addiction Treatment, Tobacco/Nicotine Addiction Treatment, Opioid Addiction Treatment and Other Substance Addiction Treatment) and Region.
On the basis of geography, the market of 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 Drug Type, the sub-segment i.e. Bupropion will boost the 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 Center, the sub-segment i.e. Outpatient Treatment Center will boost the 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 will boost the Addiction Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction to Addiction Treatment Drugs with Minimal Side Effects and Growing Demand for Nicotine Addiction Treatments especially Nicotine Gums
Market Growth Drivers:
Assistance to Voluntary Organizations for Prevention of Alcoholism and Drug Abuse and Financial Assistance in the Field of Social Defence
Challenges:
Numerous Side Effects Associated with the Addiction Treatments Drugs and Lack of Awareness and Growing Misconception about addiction treatments from the Underdeveloped Economies
Restraints:
Rising Instances of Misleading Sales Tactics, Deceptive Advertising, and Unethical Marketing Practices and Highly Unregulated Sector of Drug Rehab Vulnerable to many Patients
Opportunities:
Escalating Global Drug or Alcohol Addicted Population and Favorable Government Initiatives related to Addiction Treatment and Drug Development
Market Leaders and their expansionary development strategies
In May 2023, Amulet Capital Partners acquired a majority stake in the addiction treatment provider Promises Behavioral Health for an undisclosed sum. This deal will give Amulet a platform to invest in the high-end addiction treatment market.
In May 2023, the Centers for Medicare and Medicaid Services (CMS) announced that it would cover the cost of medication-assisted treatment (MAT) for opioid use disorder in Medicare beneficiaries. This is a significant step forward in making MAT more accessible to older adults.
According to the United States' SAMHSA (Substance Abuse and Mental Health Services Administration), the United States federal government invests billions of dollars every year into combating drug and alcohol addiction. Much of this is spent on law enforcement, but far more is spent on providing health care and treatment. While there are many different programs, the vast majority of this funding comes from Medicare, Medicaid, Veterans Administration (VA) Benefits, and the Affordable Care Act (ACA), better known as Obamacare. While many rehabs accept government funding.
Key Target Audience
Addiction Treatment Providers, Addiction Treatment Drug Manufacturers, Addiction Treatment Drug Distributors and Traders, Healthcare Industry Associations, Government Agencies, Non-Profit Organizations, Research and Development Institutes 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.