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Covid-19 Update: Global Drug Addiction Treatment Market is expected to grow at a CAGR of 6.5% over the Forecast Period, Owing to the Transformation of Traditional Therapy Techniques, says Absolute Markets Insights

Published On 22 Sep 2020 01:12 PM


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The on-going evolution of traditional drug addiction treatment therapies has increased the efficiency rate of the treatment and delivered better results in shorter duration of time, thus encouraging more number of drug addicts for undertaking treatment pertaining to this addiction disease.  Hospitals, rehabilitation centers and other medical facilities are using a combination of modern therapies and medications to treat drug addicts. For instance, the specialty therapy of BioCorRx, Inc. includes a combination of medication and counselling for addiction treatment. In this procedure, an implant formulation of naltrexone is inserted just beneath the skin of patient in the lower abdominal area. This drug reduces the cravings for drugs and enables the patient to effectively engage in the therapy, thus, increasing the efficiency of treatment. Hence, high success rate of emerging specialty therapy techniques is driving the growth of global drug addiction treatment market.

The recent outbreak of COVID-19 pandemic has disrupted economies across countries luring large numbers of people towards addiction of illicit drugs and opioids. In September 2020, American Medical Association cited a steep increase in opioid related overdose cases in the duration of past six months. This growing harmful use of drugs is anticipated to fuel the growth of global drug addiction treatment market in future years.

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In terms of revenue, global drug addiction treatment market was valued at US$ 7109.16 Mn in 2018 and is anticipated to grow at a CAGR of 6.5% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

The detailed research study provides qualitative and quantitative analysis of drug addiction treatment market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Key Findings of the Report:

  • The global drug addiction treatment market was valued at US$ 7109.16 Mn in 2018 and is anticipated to witness a compound annual growth rate of 6.5% over the forecast period owing to the upsurge in drug addicts.  
  • The high number of people facing relapse during or after treatment for substance abuse disorder are contributing towards share of relapse prevention application in global drug addiction treatment market.
  • Recent shift in the trend of drug consumption from illicit drugs to opioids is causing rise in illnesses and deaths, thus, propelling share of opioids/opiates in global drug addiction treatment market. 
  • North America held the highest market share in global drug addiction treatment market in 2018. The high rate of drug addiction across young age population and legalization of certain illicit drugs has attracted investment from multiple private equity firms, thus, contributing towards dominance of North America in global drug addiction treatment market.
  • Some of the players operating in the drug addiction treatment market are Addiction Friend, AddictionCenter.com, Advanced Recovery Systems, Alkermes, American Addiction Centers, Inc., Asia Health Co., Ltd., BioCorRx, Inc., Castle Craig Hospital, Cedars at Cobble Hill, Detox of South Florida Inc., DyAnsys Inc., Foundations Wellness Center, Help 4 Addiction, Hope Recovery Services Limited, Indivior PLC, Novartis AG, Paracelsus Medical AG, Phoenix Programmes, Pinnacle Treatment Centers, Step 1 Recovery Centre, Summit BHC, The Augustine Recovery Center and Touchstone Ranch Recovery Center amongst others.

Global Drug Addiction Treatment Market:

  • By Treatment Type
  • Detoxification
  • Medication
    • Naltrexone
    • Acamprosate
    • Disulfiram
    • Buprenorphine
    • Methadone
    • Others
  • Behavioral Therapies & Counseling
    • Cognitive-Behavioral Therapy (CBT)
    • Motivational Enhancement Therapy (MET)
    • Multidimensional Family Therapy
    • Dialectic Behavioural Therapy
    • Rational Emotive Behavior Therapy (REBT) Therapy
    • Therapeutic Communities
    • Recovery Housing
    • Self-help Groups
    • Online Counseling
    • Psychotherapy
    • Mindfulness
  • Specialty Therapies
    • Music Therapy
    • Yoga Therapy
    • Animal Assisted Therapy
    • Art Therapy
    • Others
  • Others
  • Substance Abuse Services
    • Vocational Services
    • Mental Health Services
    • Medical Services
    • Educational Services
    • HIV/AIDS Services
    • Legal Services
    • Family Services
    • Others
  • Combination Treatment
  • Others
  • By Application
  • Withdrawal Symptoms
  • Relapse Prevention
  • Co-Occurring Conditions
    • Depression
    • Anxiety Disorders (Including Post-Traumatic Stress Disorder)
    • Bipolar Disorder
    • Schizophrenia
    • Others
  • Others
  • By Age Group
    • Adolescents
    • Young Adults
    • Adults
    • Elderly
  • By Drug Type
  • Illicit Drugs
    • Cocaine
    • Crack Cocaine
    • Ecstasy
    • Marijuana
    • Hallucinogens
    • Methamphetamine
    • Heroin
    • Others
  • Opiates/Opioids
  • Sleeping Pills
  • Stimulants
  • Others
  • By Addiction Type
    • Mild Substance Use Disorders
    • Chronic Substance Use Disorders
  • By Providers
    • Hospitals/Clinics
    • Rehabilitation Centers
    • Urgent Care Centers
    • Others
  • By Region
    • North America
      • U.S
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • France
      • The UK
      • Spain
      • Germany
      • Italy
      • Nordic Countries
        • Denmark
        • Finland
        • Iceland
        • Sweden
        • Norway
      • Benelux Union
        • Belgium
        • The Netherlands
        • Luxembourg
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • New Zealand
      • Australia
      • South Korea
      • Southeast Asia
        • Indonesia
        • Thailand
        • Malaysia
        • Singapore
        • Rest of Southeast Asia
    • Rest of Asia Pacific
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Egypt
      • Kuwait
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America 

 

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Press Release Provided By: Absolute Markets Insights