The addiction treatment market includes pharmaceutical and psychological therapies for treating addiction disorders such as opioid addiction, alcohol addiction, tobacco addiction and other substance addictions. Growing knowledge about health hazards of addiction like heart diseases, liver damage and psychological disorders has increased demand for effective treatment options. Addiction treatment aids recovery through medication for withdrawal symptoms, counseling and behavioural therapies. Addiction is a chronic medical illness which requires continuous monitoring and treatment adherence for successful rehabilitation.
The global addiction treatment market is estimated to be valued at US$ 10598.16 Bn in 2024 and is expected to exhibit a CAGR of 29% over the forecast period between 2024 to 2030..
Key Takeaways
Key players operating in the addiction treatment are Alkremes Plc., Teva Pharmaceutical Industries Ltd., Glenmark Pharmaceuticals, Titan Pharmaceuticals, Inc., Pfizer, Inc., GlaxoSmithKline plc., Johnson & Johnson, Perrigo Company plc., Cipla Limited, Hikma Pharmaceuticals Plc., Dr. Reddy€TMs Laboratories Limited, Indivior Inc., and Mylan N.V. These players are focusing on developing novel treatment therapies like long-acting anti-addiction injections and non-addictive pain relievers.
Growing awareness about various government-supported rehabilitation programs and rising healthcare spending present lucrative opportunities in the addiction treatment market. Telemedicine and online support groups have further helped improve accessibility of treatment services.
The addiction treatment market is witnessing increased global expansion through partnerships, mergers and acquisitions which is helping companies enhance their product portfolio and geographical presence. For instance, in 2023, Glenmark Pharma acquired a 60% stake in Russia's JSC Ewopharma to expand its presence in Russia and CIS countries.
Market Drivers and Restrain
Increased opioid abuse during the COVID-19 pandemic has significantly driven growth of the addiction treatment market. Social isolation and job losses led many to opioid use as a coping mechanism exacerbating the opioid crisis. However, lack of health insurance and high cost of specialized therapies continue to restrain wider acceptance of addiction treatment services especially in low and middle-income countries.
Segment Analysis
The Addiction Treatment Market Size is dominated by the alcohol addiction segment. Alcohol addiction contributes significantly to the overall addiction disease burden. Alcohol use disorders are highly prevalent globally and have substantial social and economic costs. Hence rehabilitation and medication treatments for alcohol addiction form a major segment in this market.
Global Analysis
Regionally, North America dominates the addiction treatment market and is expected to continue its dominance during the forecast period. The region has advanced healthcare infrastructure and high healthcare expenditure. Additionally, high prevalence of substance abuse disorders such as alcohol use disorder and opioid use disorder drive market growth in North America. Europe follows North America in terms of market size in the addiction treatment market due to growing awareness about addiction disorders and availability of advanced treatment options. Asia Pacific is expected to witness fastest growth during the forecast period owing to improving access to healthcare facilities and increasing instances of substance abuse and addiction disorders in developing countries of the region.
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Addiction Treatment Market: IntroductionAccording to the report, the global addiction treatment market was valued at ~US$ 6 Bn in 2019 and is projected to expand at a CAGR of ~6% from 2020 to 2030.
North America dominated the global addiction treatment market in 2019 and the trend is anticipated to continue during the forecast period.
This, in turn, is increasing the rate of overdose deaths and the frequency of emergency room visits.
According to the UNODC data, globally, deaths directly caused by the use of drugs increased by 60% from 2000 to 2015.Tobacco/Nicotine Addiction Treatment Type to Dominate MarketBased on treatment type, the global addiction treatment market has been classified into alcohol addiction treatment, tobacco/nicotine addiction treatment, opioid addiction treatment, and other substance addiction treatment.
The tobacco/nicotine addiction treatment claimed the largest market share in 2019, followed by other segments.
Smoking is one of the leading preventable causes of deaths and it is increasing across the globe.
