The global addiction treatment market size is expected to reach USD 14.47 billion by 2030 according to a new study by Polaris Market Research. The report “Addiction Treatment Market Share, Size, Trends, Industry Analysis Report, By Treatment Type (Alcohol Addiction Treatment, Nicotine Addiction Treatment, Others); By Treatment Center; By Distribution Channel; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
According to the 2021 World Drug Report, released by the United Nations Office on Drugs and Crime (UNODC), around 275 million people used drugs in 2021 and almost 36 million suffered from substance use disorders. As per the 2020 National Survey on Drug Use and Health data published by the substance abuse and mental health services administration (SAMHSA), in 2020, around 20.7% of people aged 12 or older (or 57.3 million people) have used nicotine products, and around 50.0% of people aged 12 or older (138.5 million) used alcohol.
The growing substance use and its increasing disorders coupled with the rising mortality cases due to substance overdose is propelling the market demand for addiction medication. Right around 21 Mn people in the US. have one addiction habit, yet just 10% seek medication. Liquor and illicit drug use cost the US economy more than USD 600 Bn consistently.
Around 20% of Americans who have discouragement, or a tension issue likewise have a substance use jumble. Over 90% of individuals who have a compulsion began to drink liquor or use drugs before they became adults. Americans between the ages of 18 and 25 are probably going to utilize habit-forming drugs.
Around the world, 3 million passings consistently result from unsafe utilization of liquor. This addresses 5.3% of all passings. By and large, 5.1% of the worldwide weight of sickness and injury is owing to liquor, as estimated in disability-adjusted life years (DALYs). As per the 2020 National Survey on Drug Use and Health data published by the substance abuse and mental health services administration (SAMHSA), in 2020, around 14.9% of people aged 12 or older (or 41.1 million) required alcohol addiction medication.
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Addiction Treatment Market Report Highlights
- The United States is currently dealing with almost all kinds of substance abuse and Americans are facing severe health issues leading to an increase in mortality cases every year.
- Based on the treatment type, the alcohol market segment is raveling the market growth due to heavy alcohol consumption worldwide. According to the WHO report 2022, alcohol abuse is a prime figure above 200 diseases and injury conditions.
- Market participants such as Alkermes Plc., Teva Pharmaceutical., Glenmark Pharmaceuticals, Titan Pharmaceuticals, Pfizer, Inc., GlaxoSmithKline, Johnson & Johnson, Perrigo Company., Cipla Limited, Hikma Pharmaceuticals., Dr. Reddy’s Laboratories, Indivior, and Mylan N.V. are operating in the global market.
- In May 2021, JB Chemicals and Pharmaceuticals Ltd (JBCPL) sent off NOSMOK physician-recommended cured nicotine tablets as a feature of a 360 Tobacco Cessation drive on ‘World No Tobacco Day that will help with decreasing the desire to consume tobacco.
Polaris Market Research has segmented the addiction treatment market report based on type, center, distribution channel, and region:
Addiction Treatment, Treatment Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Other Substances
Addiction Treatment, Treatment Center Outlook (Revenue – USD Billion, 2018 – 2030)
- Outpatient Centers
- Residential Centers
- Inpatient Centers
Addiction Treatment, Distribution Channel Outlook (Revenue – USD Billion, 2018 – 2030)
- Hospital Pharmacies
- Medical Stores
Addiction Treatment, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa