New York, USA, May 30, 2023 (GLOBE NEWSWIRE) -- Addiction Treatment Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), “Addiction Treatment Market Information By Treatment Type, Drug Type, Distribution Channel And Region - Forecast till 2030”, The market size is projected to reach USD 24.3 billion by 2030 at 9.2% CAGR during the forecast period 2023-2030.
Market Scope:
The key drivers driving this growth are the increase in addiction rates, increased awareness of the harmful health effects of addiction, and the global economic impact of addiction. Furthermore, developments in medical technology and drugs, as well as an increase in consumer-driven healthcare plans, are likely to contribute to market expansion. Increased government attempts to address addiction in the country are a major element driving market expansion.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 24.3 Billion |
| CAGR | 9.2% |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2021 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Treatment Type, Drug Type and Distribution Channel |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Addiction Treatment Market Competitive Outlooks:
Inpatient and outpatient treatment, mental health care, and substance abuse treatment are all available through the company.
Some of the key players in the addiction treatment market include.
- Hazelden Betty Ford,
- United Behavioral Health,
- Magellan Health,
- Sovereign Health
Addiction Treatment Market Trends:
Addiction treatment is a multibillion-dollar global sector that has experienced rapid expansion in recent years. This has been largely driven by increased rates of addiction and the growing need for treatments to address this major health issue. Addiction treatment is classified into four categories: mental health treatment, inpatient treatment, outpatient treatment, and substance abuse treatment. The total expected market size for addiction treatment services in the United States in 2020, according to data from the Substance Abuse and Mental Health Services Administration (SAMHSA), was nearly $75 billion.
The addiction treatment industry is predicted to develop significantly in the next years, driven by breakthroughs in medical technology, rising addiction prevalence, and increased government activities to combat addiction. Furthermore, innovations in telemedicine, a greater emphasis on integrated care, and advancements in technology-enabled solutions will boost growth in the addiction treatment industry.
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The expansion of telemedicine, an emphasis on integrated care, an emphasis on patient-centered care, and an increasing emphasis on technology-enabled solutions are some of the important trends in the addiction treatment market. Telemedicine is a crucial development that is propelling the addiction treatment market forward. Telemedicine services are a handy and cost-effective way to provide treatment to individuals who require it.
Furthermore, many of the resources required for addiction therapy can be delivered remotely via telemedicine, enabling those in rural locations greater access.
When healthcare providers from many disciplines combine to provide comprehensive treatment to treat the full person, this is referred to as integrated care. Addiction treatment clinics are increasingly adopting this technique because it allows for more comprehensive, holistic treatment. This approach to addiction therapy places the patient at the centre of the treatment process and recognises each individual's unique requirements. This care model focuses on developing relationships with patients and giving them with the skills and information they need to overcome their addiction.
Software and mobile applications are increasingly being utilised to assess patient progress, enable communication between addiction treatment providers and monitor drug use in the field of addiction treatment.
Addiction Treatment Market Segmentation:
The addiction treatment market is segmented into Treatment Type, Drug Type, and Distribution Channel
By drug type the market is segmented into Bupropion, Varenicline, Acamprosate, Disulfiram, Naltrexone, Nicotine, Methadone, Buprenorphine, Replacement Products
By Treatment Type the market is segmented into Tobacco/Nicotine Addiction Treatment, Alcohol Addiction Treatment, Opioid Addiction Treatment, and Other Substances Addiction Treatment
By Distribution Channel the market is segmented into Medical Stores, Hospitals Pharmacies
Addiction Treatment Market Regional Analysis:
In 2020, the United States will account for over half of the global market for addiction treatment services. The United States has a high rate of addiction, with around 21 million people suffering from addiction in 2018. The country's high prevalence of addiction has resulted in a large demand for addiction treatment services, driving the expansion of the US market.
The rising prevalence of addiction, more awareness of addiction treatment, and expanding government backing for addiction treatment programmes are driving the European addiction treatment market. Europe is predicted to be the second-largest market for addiction treatment services in 2020, accounting for about a quarter of the global market.
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These businesses are committed to providing a wide range of services and goods to people in need of addiction treatment, including inpatient and outpatient care, mental health care, and drug abuse therapy.
Hazelden Betty Ford is a renowned supplier of addiction treatment services, with over 1,400 facilities in the United States, Europe, and Asia. Inpatient and outpatient treatment, mental health care, and substance abuse treatment are all available through the company. United Behavioural Health is a significant provider of mental health services in the United States, with over 500 sites. Inpatient and outpatient treatment, mental health care, and substance abuse treatment are all available through the company.
Magellan Health is a significant provider of addiction treatment services, with over 300 facilities in the United States and Europe. Inpatient and outpatient treatment, mental health care, and substance abuse treatment are all available through the company. Sovereign Health is a significant supplier of addiction treatment services in the United States, with over 100 facilities.
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