Drug and Alcohol Rehabilitation Market Worldwide Major Trend Outlook 2017-2025
The process of combining medical and psychotherapeutic treatment to address the dependence on alcohol and drugs such as prescription drugs and street drugs is called rehabilitation. Addiction to alcohol and drugs is considered a chronic disease. If the addiction is untreated, it can have serious life threatening effects. Drug and alcohol addiction is treated with several steps such as detoxification, counselling, medication, and long term follow ups to avoid relapse. Withdrawal symptoms are serious such as sweat, nausea, and vomiting. Hence, addiction is considered treatable, but a complex process.
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The global drug and alcohol rehabilitation market is expected to expand at a significant growth rate during the forecast period. According to the National Institute on Alcohol Abuse and Alcoholism, 26.9% of people aged 18 and above were engaged in binge drinking in a month in 2015. Rising prevalence of alcoholism is likely to be a key factor driving the global market from 2017 to 2025. Increased usage of illegal drugs is another factor anticipated to propel the global market during the forecast period. Furthermore, rise in major depression disorders, surge in trend among youngsters toward drugs and alcohols, underage drinking, peer pressure, and self-medication are some of the factors projected to fuel the growth of the global drugs and alcohol rehabilitation market during the forecast period. Serious withdrawal symptoms of the treatment is a major factor anticipated to restrain the global market from 2017 to 2025.
The global drugs and alcohol rehabilitation market can be segmented based on treatment, screening, end-user, and region. In terms of treatment, the global market can be segmented into counselling, medication, and behavioral treatment. The medication segment can be sub-segmented into opioid addiction, tobacco, alcohol, and others. The medication segment is expected to account for a significant share of the global market during the forecast due to increase in usage of illicit drugs, alcoholism, and self-medication. Based on screening, the global market can be divided into oral fluid drug screening, urine drug screening, breathe alcohol screening, hair analysis, and others. In terms of end-user, the global drugs and alcohol rehabilitation market can be segmented into rehabilitation centers and clinics, hospitals, and home care settings. The rehabilitation centers and clinics segment is anticipated to hold the largest share of the global market during forecast period due to factors such as increasing federal funding.
The global drug and alcohol rehabilitation market is projected to expand at a significant growth rate across regions. Geographically, the global drug and alcohol rehabilitation market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global market in terms of value. Factors attributed to the growth of the market in North America are increase in patients suffering from major depression, prevalence of unhealthy lifestyle, surge in drug trafficking, and peer pressure. Europe is anticipated to account for the second largest share of the global market due to highest number of alcoholism-related disorders in the region. The market in Asia Pacific is expected to experience high growth due to increase in alcohol usage.
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To maintain a significant position in the global drug and alcohol rehabilitation market, the key players are adopting strategies such as mergers and acquisitions, robust research and development, and geographical expansion. Major players operating in the global drug and rehabilitation market are Indivior, Inc., West-Ward Pharmaceuticals Corp., and Pfizer, Inc., among others.
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