The size of the global addiction treatment market is expected to reach $14.47 billion by 2030 according to a new study by Polaris Market Research.
According to the World Drug Report 2021, published by the United Nations Office on Drugs and Crime (UNODC), around 275 million people used drugs in 2021 and almost 36 million suffered from drug-related disorders. substance use. According to data from the 2020 National Drug Use and Health Survey released by the Substance Abuse and Mental Health Services Administration (SAMHSA), in 2020, approximately 20.7% of people aged 12 or more (57.3 million people) used nicotine products, and about 50.0% of people aged 12 or older (138.5 million) consumed alcohol.
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Rising substance use and its growing disorders coupled with increasing cases of death due to substance overdose is propelling the market demand for addiction medications. Just about 21 million people in the United States. have an addiction, but only 10% seek medication. Alcohol and illicit drug use routinely costs the US economy over $600 billion.
About 20% of Americans who suffer from discouragement or a tension problem also have a substance use problem. More than 90% of people who have an addiction started drinking alcohol or using drugs before becoming adults. Americans between the ages of 18 and 25 are likely to use habit-forming drugs.
Worldwide, 3 million deaths consistently result from hazardous alcohol consumption. This concerns 5.3% of all deaths. Overall, 5.1% of the global burden of disease and injury is due to alcohol, based on estimates of disability-adjusted life years (DALYs). According to data from the 2020 National Drug Use and Health Survey released by the Substance Abuse and Mental Health Services Administration (SAMHSA), in 2020, approximately 14.9% of people aged 12 or more (or 41.1 million) needed medication for alcohol dependence.
Highlights of the Drug Abuse Treatment Market Report
- The United States currently faces almost every type of drug addiction and Americans face serious health issues resulting in an increase in death cases every year.
- Based on treatment type, the alcohol market segment is unleashing market growth due to the high consumption of alcohol globally. According to the WHO 2022 report, alcohol abuse is a significant figure above 200 diseases and injury conditions.
- Market players 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 NV operate in the global market.
- In May 2021, JB Chemicals and Pharmaceuticals Ltd (JBCPL) sent hardened nicotine tablets recommended by doctors to NOSMOK as part of a 360° smoking cessation campaign on “World No Tobacco Day” which will help reduce the desire to use tobacco.
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Polaris Market Research has segmented the Drug Abuse Treatment Market report on the basis of Type, Center, Distribution Channel, and Region:
Drug treatment, treatment type outlook (revenue – billion dollars, 2018 – 2030)
- Other substances
Drug Treatment, Treatment Center Outlook (Revenue – USD Billion, 2018 – 2030)
- Ambulatory centers
- Residential centers
- Hospital centers
Drug Treatment, Delivery Channel Outlook (Revenue – USD Billion, 2018 – 2030)
- Hospital pharmacies
- Medical stores
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