DRUG ADDICTION TREATMENT MARKET Challenges and Opportunities

One of the key challenges faced by the global drug addiction treatment market is the high costs associated with treatment programs. Treatment for drug addiction typically requires long-term care and involves both inpatient and outpatient services. Inpatient rehab programs, which provide 24×7 monitoring and medical supervision, are particularly expensive. The cost of a standard 30-day inpatient treatment program ranges from US$ 10,000 to US$ 20,000 in the U.S. For many without adequate insurance coverage, these costs pose a significant barrier to seeking and completing treatment.

Market Opportunity - Expansion of telehealth services for addiction treatment

One of the major opportunities for the global drug addiction treatment market is the expansion of telehealth services. The COVID-19 pandemic accelerated the adoption of telehealth as an important mode of delivering remote care. Telehealth platforms like Bicycle Health, a virtual provider specializing in medication-assisted treatment for opioid use disorder, allow people to access behavioral health services including counseling, therapy, medication management, and peer support groups virtually via video, phone, or app-based services.