Addiction Treatments Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Addiction Treatments Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : September, 2020 | Pharmaceutical | PPT format

Report Digest


Global Addiction Treatments Market: Snapshot

The menace of drugs has been dogging our society for decades on end now. On one hand, authorities and police are trying to curtail the problem with an iron hand, on the other hand, healthcare institutes and pharmaceutical companies are pulling out all stops to cure addiction.

This has spawned the addiction treatments market which has expanded incrementally over the years. Treatments can happen in different settings and can entail both medication and behavioral therapies. Depending upon the severity of the situation, lengths of treatment can vary. Since, drug addiction is mostly a chronic disorder characterized by occasional relapses, one treatment is usually not enough. It is usually lengthy requiring multiple interventions and time-to-time monitoring.

Some of the common medicines used in treatment of drugs are methadone, buprenorphine, and naltrexone, which are administered to those addicted to opioids. Nicotine preparations in the form of patches, lozenges, gum, and nasal spray and the medications varenicline and bupropion are meant to treat tobacco addiction. Besides, behavioral therapies are leveraged to help addicts cope with drug cravings and thwart a relapse.

The U.S. is one of the main addiction treatments market on account of a sizeable proportion of addicts. However, the market might receive a major setback if the new government manages to pass the bill repealing the Affordable Care Act that provides substantial coverage for drug addiction treatment. This would likely affect nearly 1.3 million people having mental-health and substance abuse disorders as per estimates.

Global Addiction Treatments Market: Overview 

The drug epidemic has a severe economic impact in the United States every year. This includes cost incurred to address crime, loss in work productivity, and run rehabilitation programs. The National Institute on Drug Abuse (NIDA) defines drug addiction as a complex condition marked by extreme cravings for drugs and other addictive substances along with excessive seeking for these substances. 

The approach for addiction treatment program varies from person to person. The objective of the treatment program is to help patients maintain abstinence from addictive substances and attain effective functioning in both personal and professional life. The treatment programs recommended may be residential or outpatient depending on the severity of the addiction, type of substance, and patient behavior. Hence, the addiction treatment programs include counseling (psychotherapy), outpatient and inpatient programs, and self-help groups. 

Outpatient behavioral treatments comprise multidimensional family therapies, cognitive behavioral therapies, and motivational interviewing; while residential treatment programs include staying at a rehabilitation center for a period of about six to twelve months. 

The report is a valuable tool for understanding the developments of the global addiction treatments market during the forecast period. The report presents a comprehensive analysis of market drivers, market challenges, and opportunities that will impact the progression of the global addiction treatments market for the 2017-2025 period. In this report, market segments and growth indicators are analyzed for historic years based on which projections are made for the forecast period. The report also presents the growth roadmap of leading companies in the market that will lead to changes in the competitive hierarchy. 

Global Addiction Treatments Market: Market Segmentation 

The global addiction treatments market is segmented on the basis of treatment approach and geography. By treatment approach, medication and therapy are the components of this market. On the basis of geography, North America, Europe, Asia Pacific, and Rest of the World are components of this market. 

Global Addiction Treatments Market: Regulatory Drug Approval 

The U.S. Food and Drug Administration (FDA) has approved naltrexone, acamprosate, and disulfiram for treating alcohol dependence. Topiramate is a drug that is displaying encouraging results in clinical trials for treating alcohol dependence. Some of the formulations for treating nicotine dependence include chewing gums, lozenges, patches, and spray. Also, the FDA has approved two prescription medications for treating nicotine dependence, namely bupropion and varenicline. 

Global Addiction Treatments Market: Drivers and Restraints 

The increased use of addictive substances such as alcohol, tobacco, and drugs along with increased marketing initiatives to raise awareness about the detrimental effects of drug addiction is driving the global addiction treatments market. On the other hand, factors such as unwillingness to opt for rehabilitation programs and lack of mental and physical stability of patients during the treatment programs is challenging the growth of this market. 

Major Companies in Global Addiction Treatments Market 

The report outlines the competitive scenario of the global addiction treatments market with a detailed business profile of the major companies operating in the market. GlaxoSmithKline plc, Reckitt Benckiser plc, Pfizer Inc., and Orasure Technologies are some of the major companies that operate in this market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?