Global Substance (Drug) Abuse Treatment Market Share Is Likely To Reach At A CAGR Value Of Around 8.49% By 2030

01-Feb-2023 | Facts and Factors

According to Facts and Factors, the global substance (drug) abuse treatment market size was worth around USD 10.25 billion in 2021 and is predicted to grow to around USD 22.9 billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.49% between 2022 and 2030.

Substance abuse is recognized as a mental disorder and is treated accordingly and it refers to the consumption of illegal products like cocaine, heroin, marijuana, and others. It can also be related to the addition of fairly legal substances like nicotine, alcohol, or prescription medicines. The most commonly abused substances are inhalants, cocaine, alcohol, anxiety or pain pills that are prescribed, methamphetamine, hallucinogens, opiates, and marijuana. Various factors can cause high substance dependency and some of them are cultural or social influences, hence it is more difficult to eradicate these issues from the system.

Browse the full “Substance (Drug) Abuse Treatment Market Size, Share, Growth Analysis Report By Type (Nicotine Addiction, Alcohol Addiction, and Drug Abuse Treatment), By Distribution Channel (Drug Stores & Retail Pharmacies, Hospital Pharmacies, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/substance-drug-abuse-treatment-market

There are various symptoms associated with substance abuse and some of them include spending a lot of time procuring, using, or recovering from the effects of drugs, having high tolerance toward large quantities of substance and its effect, continuing use of drugs even when the person knows and understands the harmful impact of drugs on family, social life, physiological and physical medical issues. Substance abuse can be diagnosed by observing and analyzing weight fluctuations, red eyes, constant fatigue, or behavioral patterns like little to no concern for hygiene, sleep problems, depression, and anxiety.

The global substance (drug) abuse treatment market is projected to grow owing to the large-scale impact of drug addiction on a global scale. These issues impact the economic and social growth of the entire regional population and because it is a global concern and not limited to specific areas, various steps have been taken by international agencies and local law concerning institutes to curb the cases of substance abuse starting from the domestic scale.

For instance, the United Nations has marked 26th June as the International Day Against Drug Abuse and Illicit Traffic, and the day is marked for sharing research and findings, proof-based information, and solutions to work toward solidarity on a global scale. The global market may further generate high revenue due to the changing mindset of the people regarding people who suffer from substance abuse as people have become more empathetic towards such issues instead of neglecting or denying the existence of drug-related problems. An increase in awareness, availability of the right information, and massive efforts by governing bodies are the main reasons behind the changing perception.

The global market growth may witness restrictions due to the high cost associated with the treatment. The cost in such cases is not just restricted to monetary means but there is a lot of emotional turmoil that victims of substance abuse and their immediate family and friends go through. In developing economies, the expense of rehabilitation, and treatment-related drugs is even higher. For instance, in India, the cost of drug rehabilitation may range anything between INR 60,000 to INR 3,00,000 for a 3 to 4 months program.

The growing use of technology to manage substance abuse cases may provide expansion opportunities where negative connotations related to substance abuse may challenge market growth

Segmental Analysis

The global substance (drug) abuse treatment market is segmented based on type, distribution channel, and region

Based on type, the global market divisions are nicotine addiction, alcohol addiction, and drug abuse treatment. The global market was dominated by the alcohol addiction segment in 2021 due to more people consuming uncontrolled amounts of alcoholic drinks as compared to nicotine and drug addiction. A large section of the population gets exposed to alcohol from a young age because these drinks are more easily available in the open market as opposed to hard drugs. The sale of alcohol is legal in most countries which adds to the growing list of people suffering from alcohol addiction. As per estimates, annually, over 12.9% of the US population suffers from alcohol abuse disorder.

Based on distribution channel, the global market divisions are drug stores & retail pharmacies, hospital pharmacies, and others. The global market was dominated by the hospital pharmacies segment in 2021 due to an increase in the number of prescription-based treatment plans and medicines as well as the growing availability of certified physicians and the guidance provided by them to treat substance abuse. More than 50% of the segmental revenue was generated by the hospital pharmacies in the last year since they were the preferred choice of medicinal drug distribution as they are more reliable.

Regional Analysis

North America is projected to emerge as the leading economy in the global substance (drug) abuse treatment market due to the high number of cases related to prescription drugs in the US as well as the growing awareness rate amongst the population regarding the harmful impact of drug addiction. Many victims themselves undergo rehabilitation programs due to the growing availability of helping centers which is further encouraged by the high per capita income. As per the American Addiction Centers, more than 20.7 million people above the age of 12 years required addiction treatment in 2017, although only 19% of this number received the actual treatment.

Report Scope

Competitive Analysis

The global substance (drug) abuse treatment market is home to players like Teva Pharmaceutical Industries Ltd., Noramco, Pfizer, Inc., Glenmark Pharmaceuticals Ltd., GlaxoSmithKline plc, Allergan plc, and BioCorRx, Inc.

Recent Developments:

• In June 2021, Aelis Farma announced a partnership with Indivior plc directed toward the study of the effect of cannabis use disorders (CUD) along with cannabis-induced psychosis (CIP)
• In May 2021, JB Chemicals launched NOSMOK prescription medicated nicotine lozenges, in line the company's 360-degree Tobacco Cessation program

The global substance (drug) abuse treatment market is segmented as follows:

By Type

• Nicotine Addiction
• Alcohol Addiction
• Drug Abuse Treatment

By Distribution Channel

• Drug Stores
• Retail Pharmacies
• Hospital Pharmacies
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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