Drug Addiction Treatement Market it would Grow up to USD 30,789.21 Million by 2030

Drug Addiction Treatement Market business report introduces the basics of industry such as market definitions, classifications, applications and industry chain overview, after which it covers industry policies and plans, product specifications, manufacturing processes, cost structures and so on. This market document has a chapter on the global market and all its associated companies with their profiles, which provides valuable data related to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. The significant Drug Addiction Treatement Market report presents data on patterns and improvements, and target business sectors and materials, limits and advancements.

Drug overdose is among the top causes of mortality globally. According to records of Centers for Disease Control and Prevention (CDC), more than 91,000 individuals died in 2020 because of drug overdose in the U.S. Several responses of governments provide a multitude of unique perspectives on how to manage the addicts, eliminate stigma linked with substance usage, and starve the underground markets. Numerous companies are advancing medicinal therapy’s use to treat opioid-use disorders in novel and more efficient ways.

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Data Bridge Market Research analyses a growth rate in the drug addiction treatment market in the forecast period 2023-2030. The expected CAGR of drug addiction treatment market is tend to be around 7.3% in the mentioned forecast period. The market was valued at USD 17522.69 million in 2022, and it would grow up to USD 30,789.21 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Overview:

Drug addiction is also known as substance use disorder, a mental health disorder wherein a patient cannot control the use of drugs or any medications or substance. Drug addiction treatment is meant to help patients to limit the use of abuse drugs. Drug abuse is when an individual consumes legal or illegal substances. Whereas addiction is when an individual fails in discontinuing the consumption of these drugs.

Opportunities

• Stress on Addiction Treatment Laboratories     

The addiction crisis over the past decade has augmented the need to invest in integrated R&D activities which focus on addiction treatment and the recovery process. Although the number of research activities pertaining to issues related to addiction has increased at an impressive pace, stakeholders operating in the current addiction treatment market landscape are progressively finding new methods to implement these findings into the real-world care delivery.

• Increased Government Initiatives and Funding

In countries such as the U.K., the National Health Service (NHS) runs numerous public and privately funded programs for treating substance addiction. Furthermore, several companies adopt merger & acquisition strategies to enlarge market presence in new geographies or add new products and services or both to existing platforms. For instance, in December 2015, Acadia Healthcare acquired Priory Group, which is a leading provider of behavioral care services in the U.K. This acquisition was envisioned to expand Acadia Healthcare’s capacity and geographic presence in the U.K.

Restraints/Challenges

• Reluctance Among Patients Of Drug-Use Disorder

Major reluctance among patients of substance-use disorder is a major factor limiting revenue growth of the market. According to the National Survey on Drug Use and Health (NSDUH), more than 14% of individuals over the age of 12 with Substance-Use Disorder (SUD) sought treatment in 2020. In addition to this, slow rise in number of patients who are seeking help for improving mental health as a consequence of addiction and drug overuse is suggestive of reluctance of patients to seek medical help because of taboo and hesitation associated with consequences of substance use

• High Cost of Treatment

The increased expenditure required for the diverse treatment processes impedes market growth. Numerous market players make huge investments in manufacturing new and advanced treatment procedures to faster the recovery process, and in return, the cost is increased.

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Recent Development:

• On 2022, Pfizer, Inc. announced a new strategic partnership with Alex Therapeutics to customize treatment through digital therapeutics and use AI-based platform of the latter company for providing Cognitive Behavioral Therapy (CBT) and Acceptance and Commitment Therapy (ACT) to patients of nicotine addiction.
• On 2022, Indivior PLC. entered into a collaborative agreement with Addex Therapeutics, a clinical-stage pharmaceutical company, for discovery and development of novel oral gamma-aminobutyric acid subtype B (GABAB) Positive Allosteric modulator (PAM) drug candidates. Under this agreement, Indivior will provide the latter company with round USD 900,000 as additional research funding.

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the this market
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Critical Insights Related to This Market Included in the Report:

• Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
• Value chain analysis of prominent players in the market
• Current trends influencing the dynamics of this market across various geographies
• Recent mergers, acquisitions, collaborations, and partnerships
• Revenue growth of this industry over the forecast period
• Marketing strategy study and growth trends
• Growth driven factor analysis
• Emerging recess segments and region-wise market
• An empirical evaluation of the curve of this market
• Ancient, Present, and Probable scope of the market from both prospect value and volume

Key players operating in the drug addiction treatment market include:

• Takeda Pharmaceutical Company Limited (Japan)
• F. Hoffmann-La Roche Ltd (Switzerland)
• Abbott (U.S.)
• Medtronic (Ireland)
• Abbott (U.S.)
• BD (U.S.)
• Johnson & Johnson Services, Inc.(U.S.)
• GSK Plc. (U.K.)
• Bayer AG (Germany)
• Zimmer Biomet (U.S.)
• Stryker Corporation (U.S.)
• Homology Medicines, Inc (U.S.)
• Novartis AG (Switzerland)
• Pfizer Inc. (U.S.)
• JCR Pharmaceuticals Co., Ltd. (Japan)
• Sangamo Therapeutics (U.S.)
• AVROBIO, Inc (U.S.)
• REGENXBIO Inc (U.S.)
• CANbridge Life Sciences Ltd. (Taiwan)
• Denali Therapeutics (U.S.)
• Jasper Therapeutics, Inc. (U.S.)

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Drug Addiction Treatment Market Scope

Types

• Opioid Addiction
• Benzodiazepine Addiction
• Barbiturate Addiction
• Others

Treatment

• Therapy
• Medication
• Others

Route of Administration

• Oral
• Parenteral
• Others

End-Users

• Hospitals
• Specialty Clinics
• Others

Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacies
• Others

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