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HEALTHCARE & PHARMACEUTICALDISCOUNT VALID TILL 31st-JANUARY , 2022

Alcohol Use Disorder Treatment Market Segmentation by Disorder Type (Alcohol Abuse, Alcohol Dependence, Alcohol Addiction, Alcoholism); by Treatment Type (Medication, Therapy, Multidisciplinary Treatment, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Alcohol Use Disorder Treatment Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • In July 2021, Adial Pharmaceuticals, a clinical-stage biopharmaceutical company focused on the development of treatments for addictions, announced significant progress on its pivotal ONWARD Phase 3 clinical trial for evaluating AD04 as a therapeutic agent for the treatment of Alcohol Use Disorder (AUD). It met 100% of its patient screening target and achieved 90% of its patient enrollment target.

Global Alcohol Use Disorder Treatment Market Highlights Over 2022 – 2030

The global alcohol use disorder treatment market is estimated to garner significant revenue by growing at a notable CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market is attributed to high prevalence of alcohol use worldwide. According to The World Bank, global average alcohol consumption per capita was projected to be 6.18 litres of pure alcohol in 2018. Moreover, increasing awareness regarding alcohol use disorder, and growing number of rehabilitation facilities are further fostering the growth of the market.

Alcohol Use Disorder Treatment Market Image

Alcohol use disorder (AUD) is a medical condition where there is compulsive intake of alcohol that is characterized by an impaired ability to stop or control. AUD is considered a chronic brain disorder with adverse social, occupational, and health consequences. According to the WHO, in the age group 15 to 49 years, alcohol was the leading risk factor for premature mortality and disability, in 2018, and accounted for 10% of all deaths in the age group. According to Our World in Data, alcohol consumption caused 2.84 million premature deaths globally in 2017.

However, weak research pipeline for sale of alcohol, resulting in growing activities of illegal production and selling of psychoactive substances that are available easily to the younger population is likely to restrain the growth of the market.

The market is segmented by disorder type into alcohol abuse, alcohol dependence, alcohol addiction, and alcoholism, out of which, the alcohol abuse segment is expected to hold the largest market share over the forecast period owing to rising incidences of alcohol and substance abuse on the back of illegal sale of alcohol. Alcohol dependence segment is anticipated to witness highest growth owing to increasing alcohol dependency, especially among the younger population, leading to abuse.CLICK TO DOWNLOAD SAMPLE REPORT

On the basis of treatment type, the market is segmented into medicinal, therapy, multidisciplinary treatment, and others, out of which, the therapy segment is estimated hold the largest market share owing to the availability of numerous types of therapies to manage AUD and high preference for therapies to avoid subsequent side effect on health. The multidisciplinary treatment segment is anticipated to witness rapid growth over the forecast period owing to its high and fast effectiveness on both mental and physical health.

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Image

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Alcohol Use Disorder Treatment Market Regional Synopsis

Geographically, the global alcohol use disorder treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is expected to hold the largest market share owing to high prevalence of psychoactive substance abuse, with the U.S. leading the market in the region. Nearly 15 million people in the United States, over the age of 12, had AUD in 2019, which was reported to be 18 million in 2021.  This region has the most extensive de-addiction and rehabilitation facilities that is expected to boost the market growth.

North America is closely followed by Europe region which is largely driven by countries such as Germany, Ireland, Russia, Poland, and Belgium owing to high alcohol consumption. As per European Commission, over 8% of the adult population in Europe consumed alcohol daily in 2019.

Asia-Pacific region is projected to witness growth at the highest rate over the forecast period owing to changing lifestyle, increasing disposable income, and higher younger population, especially in countries such as India.

Alcohol Use Disorder Treatment Market Graph

The global alcohol use disorder treatment market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global alcohol use disorder treatment market includes the following segments:

By Disorder Type

  • Alcohol Abuse
  • Alcohol Dependence
  • Alcohol Addiction
  • Alcoholism

By Treatment Type

  • Medication
  • Therapy
  • Multidisciplinary Treatment
  • Others

Growth Drivers

  • High prevalence of alcohol use worldwide
  • Increasing awareness regarding alcohol use disorder
  • Growing number of rehabilitation facilities

Challenges

  • Growing activities of illegal production and selling of psychoactive substances

Top Featured Companies Dominating the Market

  • Alkermes 
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis 
  • Teva Pharmaceutical Industries Ltd.
  • BioCorRx, Inc.
  • Adial Pharmaceuticals
  • ADDEX THERAPEUTICS
  • Kinnov Therapeutics
  • Opiant Pharmaceuticals
  • Ethypharm
  • Omeros Corporation
  • Montisera Ltd.

 

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