According to FutureWise analysis the market for addiction treatment in 2023 is US$ 11.20 billion, and is expected to reach US$ 22.76 billion by 2031 at a CAGR of 9.27%.
Addiction treatment, also known as substance abuse treatment or addiction recovery, is a structured and therapeutic approach aimed at helping individuals struggling with substance abuse or addiction issues overcome their dependency on drugs, alcohol, or other addictive substances. Addiction is a chronic illness that can impact many aspects of life, such as physical and mental health, relationships, and careers. Addiction treatment aims to help individuals take charge of their lives, stop using drugs, and create a healthier future. This can be achieved through different methods such as detoxification, counselling, medication-assisted treatment, or support groups. Addiction treatment offers hope and a pathway toward recovery for individuals ready to confront the challenges of addiction and embrace a life of wellness.
There are two types of addiction: substance use disorders and behavioral addictions. Substance use disorder (SUD) is a treatable mental disorder that affects an individual's brain and behavior, leading to their incapability to control their use of substances like legal or illegal drugs, alcohol, or medications. Symptoms can be mild to severe, with addiction being the most severe form of SUD. Individuals with SUD may also have other mental health disorders, including anxiety disorders, bipolar disorder, personality disorders, depression, schizophrenia, etc. Behavioral addiction is characterized by a compulsive engagement in a repeated, persistent behavior or activity and could lead to severe functional impairment. It occurs when an individual gets attached to an unhealthy, non-drug-related behavior or habit. Signs of behavioral addiction include spending excessive time on this behavior, using it to cope with negative emotions, and persisting with adverse effects on mental and physical health. Common types of behavioral addictions include exercise, food, gambling, pornography, internet addiction, sex addiction, and shopping addiction.
FutureWise Market Research has published a report that provides insightful addiction treatment market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, addiction treatment market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.