Addiction Treatment Market, by Drug Type (Opioid Addiction, Alcohol Addiction, Nicotine Replacement Therapies, and Non-Nicotine Medication), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
Addiction is a chronic condition which gives rise to psychological and physical damage. People who suffer from an addiction have an uncontrollable desire and lack of resistance to use lethal substances or to involve in harmful activities in spite of knowing their negative effects on their lives. Indications of addiction differ from person to person. Some have serious symptoms, such as inability to stop using addictive substance, increased tolerance for such addictive substance, lack of control as well as physical and emotional withdrawal. Risk of developing an addiction can be minimized by avoiding illegal drugs and immediately looking for counselling in case of any mental health disorder. A person suffering from an addictive disorder needs access to treatment. In many cases treatment may continue for the rest of their life. As per the patient’s need, treatment plans for addictive disorders will frequently modify. Treatment options depend on various factors such as the type of addictive disorder, the duration and danger of use, and its impact on the individual.
According to the National Survey on Drug Use and Health, in the U.S., approximately 8.1 percent of the population need or undergo treatment for drug addiction.
Market Dynamics
The rising prevalence of addicted population, expanding drug product pipeline, and active involvement of generic manufacturers to provide cheaper drugs are the major factors that are expected to drive the growth of the global addiction treatment market over the forecast period.
For instance, manufacturers such as Insys Therapeutics (innovative Buprenorphine / Naloxone sublingual spray), BioCorRx, Inc. (Naltrexone Implant (BICX102)) have novel products in their pipeline for opioid and alcohol addiction treatment.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook