Report Overview
The Canadian Addiction Treatment market size stood at around USD 3 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.
In Canada, it is estimated that approximately 21% of the population (about 6 million people) will meet the criteria for addiction in their lifetime. Alcohol was the most common substance for which people met the criteria for addiction at 18%. Canada has one of the highest rates of cannabis (also known as Marijuana) use globally, with more than 40 percent of Canadians having used cannabis in their lifetime, and about 10 percent have used it in the past year. In any given year, 1 in 5 Canadians experiences a mental illness or addiction problem. By the time Canadians reach 40 years of age, 1 in 2 have had a mental illness. The disease burden of mental illness and addiction in Ontario is 1.5 times higher than all cancers put together and more than 7 times that of all infectious diseases. Drug addiction is a biological issue. Without taking a medical approach to recovering from addiction, the person suffering will have a more challenging time and be much more likely to relapse.
Market Drivers
The increased prevalence of cigarette smoking has boosted the prospects for the tobacco and nicotine addiction treatment market. Moreover, the broader availability of nicotine replacement products and drugs to combat tobacco and nicotine addiction shall also drive market growth. Additionally, an increasing number of treatment centers with collaborations with private recovery facilities are entering the market, thus helping in the expansion of treatment access to a higher number of people in society. Furthermore, other factors, such as an increased number of addicted populations and technological advancement in the diagnostics industry, transform and drive this market. Similarly, awareness campaigns and government efforts to counteract drug abuse and promote medication for all sorts of addiction treatments would fuel the market growth during the forecast period. However, the discontinuation of behavioral therapies often leads to a relapse of addiction, which is a crucial factor hindering the market's growth.
Major Addiction Treatment types
Based on treatment type, the addiction treatment market has been classified into alcohol addiction treatment, tobacco/nicotine addiction treatment, opioid addiction treatment, and other substance addiction treatment. Tobacco, the most widely used addictive substance, is the leading cause of premature mortality in Canada. Smoking is responsible for nearly 17% of all deaths. Among Ontarians aged 25 to 34, 1 of every 8 deaths is related to opioid use.
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