The Global Addiction Treatment Market is anticipated to gain traction due to increased awareness, strict government regulations as well as growing rehab centers in both developed and developing economies. Addiction is the fact or condition of being addicted to a particular substance or activity. In other terms, addiction is also known as the need or strong desire to do or to have something, or a very strong fondness for something. In the recent times, the people are getting addicted to drugs or substances which are generally illegal to use or not advised to use in such form. Currently, the number of youngsters getting addicted to any drug or illegal substances is on the surge. For instance, according to the addiction center reports, rates of illicit drug use are highest among those aged 18 to 25. Moreover, in 2015, there were around more than 22 million people in the U.S. over the age of 12 with a drug addiction. The number of death cases owing to drug abuse is also increasing. Thus, need to treat the addiction is very necessary. With the help of proper medication and diagnosis, addiction can be cured. There are number of care centers serving to cure the addiction.
Stringent laws by the government due to rising prevalence of drug addiction is anticipated to boost the demand for addiction treatment market
At present, number of addicted population is growing with the time phase. According to the world drug reports 2016, drug addiction has reached endemic levels across the globe with around 247 million drug users globally. Moreover, from 1999 to 2015, more than 183,000 people have died in the U.S. due to overdoses of drugs or related substances such as opioids. Thus, rising number of addicted people and the need to cure the addiction is anticipated to mark a significant growth of the market. In addition, factors such as augmented government involvement, increasing patient awareness, and encouragement by the government as well as cure centers to control substance abuse in all countries are also driving the growth of addiction treatment market significantly.
Imposing of strict regulations by the government against the use of illegal drugs or substance is another factor expected to boost the market. Developing economies such as India, China, Japan, North Korea, Saudi Arabia, Colombia, Iran, and Malaysia have precisely set strict laws for drug abuse, which is further anticipated to increase the demand for drug treatment globally. However, unwillingness to get a treatment through rehabilitation programs and absence of physical as well as mental devotion of patients during the treatment procedure are some of the factors hampering the global market growth.
Global Addiction Treatment Market Taxonomy:
The global addiction treatment market is segmented on the basis of treatment type, treatment centers, drug type, and geography.
On the basis of treatment type, the global addiction treatment market is segmented into:
On the basis of treatment centers, the global addiction treatment market is segmented into:
On the basis of drug type, the global addiction treatment market is segmented into:
Geographically, the global addiction treatment market is segmented into North America, Europe, Asia pacific, Latin America, Middle East, and Africa.
Rising awareness and favorable reimbursement policies for the treatment of addiction makes North America a leading region for the market
On the basis of geography, North America is estimated to dominate the global market for addiction treatment market. The increasing consciousness regarding the drug addiction and its negative outcomes and favorable reimbursement policies for addiction treatment are the factors for the growth of addiction treatment market in North America. Moreover, increasing prevalence of the drug addiction cases in economies such as U.S. and Canada are also the factors for the market growth. According to world drugs report 2016, more than 183,000 people have died in the U.S. due to the excessive addiction to drugs. Thus, high death cases due to drug addiction overdose are propelling the market significantly in this region.
However, Asia Pacific is anticipated to become a lucrative region for addiction treatment market. Increasing medical tourism due to lower therapy cost, growing number of tobacco and cigarette users, the remarkable rise in a number of therapy centers, and constant government efforts to increase the awareness for addiction and its need for treatment is anticipated to become a crucial factor for the significant growth of addiction treatment market in the Asia Pacific.
Key players of global addiction treatment market: