Addiction Treatment has given rise to a new global market – the addiction treatment market which has gradually expanded over the past years. These treatments are done in different settings including behavioral and medication therapies. The lengths of these therapies vary depending on the intensity of the situation. Since drug addiction is taken as a chronic disorder defined by infrequent relapses, a single treatment usually is not enough. It is always extended and requires collective participation as well as time-to-time observance.
The most commonly used medicines in drug addiction treatment may include buprenorphine, methadone, and naltrexone. These procedures are for individuals addicted to opioids. Preparation of Nicotine in the form of patches, lozenges, gum and nasal spray and medications bupropion and varenicline are dedicated to treating tobacco addiction. Likewise, behavioral therapies are meant to help the addicts to get by drug cravings and ensure there is no relapse.
The United States is a significant market for the addiction treatments considering the number of addicts in the region. Nevertheless, there could be a considerable decline set if the new government passes the bill that repeals for Affordable Care Act. The law offers a substantial coverage for treatment of drug addicts. If it is passed, it would possibly affect close to 1.3 million folks who suffer mental-health as well as substance abuse disorders.
Addiction Treatments Market Summary
Drug addiction has had a significant economic impact in the U.S over the past years. This effect can be measured by the costs incurred in the attempt to address the crime, run rehabilitation programs and loss in work productivity. According to the National Institute on Drug Abuse (NIDA), drug addiction stands for a complex condition caused by extreme cravings for addictive drugs and other related substances and with excessive efforts seeking for these stuff.
Every addiction treatment program approach differs from one person to the other. Every treatment program aims to assist patients to refrain from any addictive substances permanently and achieve efficient functioning both professionally as well as in personal life. Residential or outpatient treatment programs may be recommended based on the addiction severity, substance type, and the patient’s behavior. Therefore, addiction treatment programs may include counseling or psychotherapy, self-help groups and outpatient and inpatient programs.
Addiction Treatments Market Segmentation
The world-wide addiction treatments market is divided based on treatment approach as well as geography. Looking at treatment approach, the components of the addiction treatments market are medication and therapy. By geography, The market components are Europe, North America, Asia Pacific and the world at large.
Addiction Treatments Market Drivers and Restraints
The increasing use of addictive substances like tobacco, alcohol, and drugs as well as the inflated marketing initiatives meant to create awareness on the adverse impact of the drug addiction is a dominant driving force of the global addiction treatments market. But then, factors like an unwillingness to go for exoneration programs and insufficient physical and mental stability of patients during the time of treatment is a significant challenge for the growth of the market.