A recently published study by FMI expects the global alcohol use disorder treatment market to augment at a 6.4% CAGR from 2023 to 2033. By the end of the said assessment period, a valuation of US$ 1300 million is expected for the market. The growing number of drug awareness campaigns, preventative programs, and technological innovations, all contribute to the expansion of the alcohol use disorder treatment industry.
Many nations have seen a rise in patient awareness, an increase in treatment-seeking frequency, increased government participation, and a greater emphasis on addiction reduction as a result of drug awareness campaigns and related preventative programs. Knowledge is disseminated via television advertising, newspapers, information booklets, and other forms of media, all of which benefit market expansion. The number of persons successfully treated for AUD is growing as a result of new medications that prevent deterioration while also regulating alcohol cravings.
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More than 30,000 people die in the United States each year as a result of liver cirrhosis, the vast majority of which are the result of alcohol usage. Due to the availability of treatment medications and a well-developed health infrastructure, North America dominates the market for AUD treatment. Since, India and China are the most populous countries in the world; Asia Pacific has the highest population density. Owing to the increase in vulnerable adult population and strong demand for AUD treatment, the Asia-Pacific area is predicted to develop at a significant rate from 2023 to 2033.
Key Takeaways from the Market Study
- FMI projects the global alcohol use disorder treatment market to expand at a 6.4% value CAGR by 2033
- The global alcohol use disorder treatment market is estimated at a market value of US$ 700 million
- The global alcohol use disorder treatment market is expected to garner a market value of US$ 1,300 million
- Europe is forecasted to be the most lucrative for alcohol use disorder treatment market growth
- North America is expected to grow at a CAGR of 6.2% during the forecast period 2023 to 2033.
- As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 6% during the forecast period 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.
- In December 2022, BioCorRx Inc., a developer and provider of innovative treatment programmes for substance abuse and related disorders announced that it has partnered with Government Plus LLC, a leading provider of private sector healthcare to veterans, to expand its Beat Addiction Recovery Program across the country.
- In November 2022, Opiant Pharmaceuticals Inc. announced that it has entered into a final merger agreement with Indivior Inc, a subsidiary of Indivior PLC, to be acquired. According to the terms of the deal, Indivior will buy all of Opiant’s existing shares for $20.00 per share in cash at closure, plus contingent value rights (CVRs) reflecting possible further payments of up to $8.00 per share over a seven-year period if accomplished.
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.
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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About the Healthcare Division at Future Market Insights
The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analysing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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