Substance Abuse Treatment Market Size

Substance Abuse Treatment Market Analysis

The substance abuse treatment market is expected to register a CAGR of 7.2% during the forecast period.

Due to the COVID-19 pandemic, government authorities across the world have taken the necessary steps to make substance abuse treatment accessible to patients. This can be attributed to the fact that the prognosis of patients' co-occurring conditions, such as chronic obstructive pulmonary disease, cardiovascular disease, and other respiratory diseases, is worsened by COVID-19, negatively impacting the lives of substance-addicted and alcohol-addicted patients. For instance, an article titled "Assessment of State and Federal Health Policies for Opioid Use Disorder Treatment During the COVID-19 Pandemic and Beyond," published 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. The article also stated that all the states and Washington, DC had adopted at least one telehealth policy in order to improve access to OUD treatment for new patients. Thus, there has been an increase in demand for substance abuse treatment amid the ongoing COVID-19 pandemic.

Further, the factors that are driving the market growth include rising drug awareness campaigns and prevention programs and growth in the number of addictions among the population. The surge in drug awareness campaigns and associated prevention programs is one of the primary factors linked to the growth of the market studied. This includes rising patient awareness, a higher treatment-seeking rate with increased government intervention, and encouragement to curb substance abuse in several countries. 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.

However, the reluctance of individuals to access treatment modalities, the discontinuation of behavioral therapies, and poor treatment compliance in some countries hinder the growth of the market studied.