According to a recent FMI analysis, the worldwide Alcohol Use Disorder Treatment market demand is expected to grow at a 6.4% CAGR from 2023 to 2033. The market is anticipated to be valued at US$ 1300 million by the end of the evaluation period. The increasing number of drug awareness campaigns, prevention programmes, and technology advancements all contribute to the growth of the Alcohol Use Disorder Treatment sector.
As a result of drug awareness campaigns and accompanying preventative programmes, several countries have witnessed an increase in patient awareness, an increase in treatment-seeking frequency, increased government participation, and a higher emphasis on addiction prevention. Television advertising, newspapers, information pamphlets, and other types of media are used to communicate knowledge, all of which help market expansion. As a result of new drugs that prevent deterioration while simultaneously managing alcohol urges, the number of people effectively treated for AUD is increasing.
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Each year, over 30,000 people die in the United States as a result of liver cirrhosis, the vast majority of which are caused by alcohol consumption. North America dominates the market for AUD treatment due to the availability of treatment drugs and a well-developed health infrastructure. Since India and China are the world’s two most populous countries, Asia Pacific has the highest population density. The Asia-Pacific region is expected to grow at a high rate from 2023 to 2033, owing to an increase in vulnerable adult population and increased demand for AUD treatment.
Key Takeaways from the Market Study
- According to FMI, the worldwide Alcohol Use Disorder Treatment market would grow at a 6.4% value CAGR by 2033.
- The global Alcohol Use Disorder Treatment market is expected to be worth $700 million.
- The global Alcohol Use Disorder Treatment market is anticipated to be worth $1,300 million.
- Europe is expected to be the most profitable region for Alcohol Use Disorder Treatment market growth.
- North America is predicted to increase at a CAGR of 6.2% between 2023 and 2033.
- According to Future Market Insights, Asia Pacific is predicted to develop at a CAGR of 6% from 2023 to 2033.
- The alcohol abuse segment is expected to hold the largest market share for Alcohol Use Disorder Treatment in the forecast period 2023 to 2033.
“Drug awareness programmes and addiction & recovery facilities among the people are considerably contributing to market growth. One of the most important aspects of the development of the Alcohol Use Disorder Treatment industry is the use of awareness campaigns and associated anticipatory programmes,” says an analyst at FMI.
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Market Competition
Prominent players in the Alcohol Use Disorder Treatment market are Alkermes, Teva Pharmaceutical Industries Ltd., BioCorRx, Inc., Adial Pharmaceuticals, ADDEX THERAPEUTICS, Kinnov Therapeutics, Opiant Pharmaceuticals, Omeros Corporation, GlaxoSmithKline plc and Merck & Co. Inc.
- BioCorRx Inc., a developer and provider of innovative treatment programmes for substance abuse and related disorders, announced a partnership with Government Plus LLC, a leading provider of private sector healthcare to veterans, in December 2022, to expand its Beat Addiction Recovery Programme across the country.
- Opiant Pharmaceuticals Inc. announced in November 2022 that it has agreed into a final merger agreement with Indivior Inc, a subsidiary of Indivior PLC, to be acquired. Indivior will buy all of Opiant’s existing shares for $20.00 per share in cash at closing, plus contingent value rights (CVRs) reflecting potential further payments of up to $8.00 per share over a seven-year period if the acquisition is completed.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global Alcohol Use Disorder Treatment market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
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Key Segments Profiled in the Alcohol Use Disorder Treatment Industry Survey
By Disorder Type:
- Alcohol Abuse
- Alcohol Dependence
- Alcohol Addiction
- Alcoholism
By Treatment Type:
- Medication
- Therapy
- Multidisciplinary Treatment
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