Market Size of Substance Abuse Treatment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 8.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Substance Abuse Treatment Market Analysis
The substance abuse treatment market is expected to register a CAGR of 8.0% over the forecast period.
The lockdown and restrictions amid the pandemic canceled or delayed the diagnosis and treatment of non-COVID and non-urgent medical conditions including substance-addicted and alcohol-addicted patients. For instance, a study published in the JAMA Network in November 2021 stated that federal and state governments implemented temporary strategies for providing access to opioid use disorder (OUD) treatment during the COVID-19 pandemic, in the United States. The study further stated that all the states and Washington, DC of the United States adopted at least one telehealth policy to improvise access to OUD treatment for new patients. Thus, there was anan increase in demand for substance abuse treatment amid the ongoing COVID-19 pandemic. Although in the post-pandemic, numbers of COVID-19 patients decreased gradually which led the market to grow at a normal pace. Thus, the COVID-19 outbreak had a moderately impacted the market's growth in its preliminary phase. Moreover, the market is expected to grow further at a stable pace with the increasing demand for the susbtance abuse treatment, globally.
Further, the substance abuse treatment market is expected to grow with the rising drug awareness campaigns and prevention programs and growth in the number of addictions among the population.
The rising awareness of substance abuse, drug addiction and their prevention and management with the support of private and public bodies are expected to create more demand for substance abuse treatment. For instance, in December 2021, the Indian government launched the "Drug-Free India" campaign and issued directions for curbing drug abuse in the Indian populace. Likewise, in October 2021, the Centers for Disease Control and Prevention (CDC) launched four complementary education campaigns intended to reach young adults ages 18-34 years aimed at preventing drug overdose deaths. The campaigns provide information about the prevalence and dangers of fentanyl, the risks and consequences of mixing drugs, the life-saving power of naloxone, and the importance of reducing the stigma around drug use to support treatment and recovery. Such campaigns and initiatives are increasing awareness regarding substance abuse treatment among the addicted population, thereby contributing to the market's growth.
Furthermore, the key developments by the market players in substance abuse treatment are expected to boost market growth. For instance, in June 2021, INDIVIOR PLC and AELIS FARMA announced a strategic partnership and option-license agreement to address the significant repercussions of cannabis use disorders (CUD), including cannabis-induced psychosis (CIP). Further, in May 2021, JB Chemicals & Pharmaceuticals Ltd (JBCPL) launched NOSMOK prescription medicated nicotine lozenges as part of a 360 Tobacco Cessation initiative on 'World No Tobacco Day' that will aid in reducing the urge to consume tobacco.
Therefore, with the growth factors such as rising drug awareness, and the key developments by the market players, the studied market is anticipated to witness growth over the analysis period. However, the reluctance of individuals for accessing treatment and discontinuation of behavioral therapies, and poor treatment compliance in some countries are likely to impede the market growth.
Substance Abuse Treatment Industry Segmentation
As per the scope of the report, substance abuse refers to the abusive use of psychoactive substances, including illicit drugs, tobacco, and alcohol. Substance Abuse Treatment helps the patient rid the body of any drugs and alcohol that are left in the system and/or reduces drug cravings.
The Substance Abuse Treatment Market is Segmented by Treatment Type (Alcohol Addiction Treatment, Tobacco/Nicotine Addiction Treatment, Drug Abuse Treatment, and Other Treatment Types), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the market size in value terms in USD for all the abovementioned segments.
By Treatment Type | |
Alcohol Addiction Treatment | |
Tobacco/Nicotine Addiction Treatment | |
Drug Abuse Treatment | |
Other Treatment Types |
By Distribution Channel | |
Hospital Pharmacies | |
Retail Pharmacies | |
Other Distribution Channels |
Geography | ||||||||
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Substance Abuse Treatment Market Size Summary
The substance abuse treatment market is poised for significant growth, driven by increasing awareness and demand for treatment options globally. The COVID-19 pandemic initially disrupted treatment services, but it also led to a surge in demand as telehealth solutions were implemented to maintain access to care. This shift has contributed to a steady recovery and growth in the market. The rise in drug awareness campaigns and prevention programs, supported by both public and private sectors, is further propelling market expansion. Initiatives like India's "Drug-Free India" campaign and the CDC's educational efforts in the United States are enhancing awareness and reducing stigma, thereby increasing the demand for substance abuse treatment. Key developments by market players, such as strategic partnerships and the introduction of new treatment options, are also expected to bolster market growth.
The tobacco/nicotine addiction treatment segment is anticipated to experience robust growth due to the high prevalence of tobacco use and ongoing clinical trials for smoking cessation therapies. The market in North America is particularly poised for significant expansion, fueled by the high rates of substance abuse and government initiatives aimed at reducing addiction. Funding and programs in the United States, such as the opioid relief fund and SAMHSA grants, are expected to drive demand for treatment. The competitive landscape is marked by the presence of several global and regional players, with companies like Alkermes PLC and Indivior PLC leading the charge. Recent FDA approvals and strategic partnerships, such as those involving Pfizer Inc. and Alex Therapeutics, highlight the dynamic nature of the market and its potential for continued growth.
Substance Abuse Treatment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Drug Awareness Campaigns and Prevention Programs
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1.2.2 High Number of Addicted Population
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1.3 Market Restraints
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1.3.1 Reluctance of Individuals for Accessing Treatment and Discontinuation of the Behavioral Therapies
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1.3.2 Poor Treatment Compliance in Some Countries
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Treatment Type
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2.1.1 Alcohol Addiction Treatment
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2.1.2 Tobacco/Nicotine Addiction Treatment
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2.1.3 Drug Abuse Treatment
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2.1.4 Other Treatment Types
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2.2 By Distribution Channel
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2.2.1 Hospital Pharmacies
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2.2.2 Retail Pharmacies
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2.2.3 Other Distribution Channels
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Substance Abuse Treatment Market Size FAQs
What is the current Substance Abuse Treatment Market size?
The Substance Abuse Treatment Market is projected to register a CAGR of 8% during the forecast period (2024-2029)
Who are the key players in Substance Abuse Treatment Market?
Alkermes PLC, Mallinckrodt LLC, Cipla Ltd, GlaxoSmithKline PLC and Indivior PLC are the major companies operating in the Substance Abuse Treatment Market.