Alcohol dependency treatment involves the use of medications, therapeutic methods, and counseling or therapy to treat alcohol use disorder. Alcohol use disorder is a chronic disease characterized by compulsive alcohol use, loss of control over alcohol intake, and emergence of withdrawal symptoms. Alcohol dependency treatment aids in the recovery process by helping people discontinue hazardous drinking patterns and behaviors. The growing problem of alcoholism across Asia Pacific has led governments to implement various initiatives aimed at expanding treatment infrastructure and improving accessibility.
The global Asia (Japan, South Korea, China, India, ASEAN) Alcohol Dependency Treatment Market is estimated to be valued at US$ 3.35 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The increasing government initiatives is estimated to offer significant growth opportunities for the Asia (Japan, South Korea, China, India, ASEAN) Alcohol Dependency Treatment Market. Various Asian governments have implemented strict laws and regulations to curb alcohol misuse and have allocated higher budgets for establishing new treatment centers and programs. For instance, the Korean government launched the 5-year National Strategic Plan for Tackling Alcohol Harm in 2021 with the goal to boost availability of evidence-based treatment. Similarly, the Indian government has implemented programs that aim to enhance public awareness about responsible drinking and the availability of treatment facilities. The growing policy support and investments are likely to boost market growth by addressing the treatment gap and increasing affordability of care.
Porter's Analysis
Threat of new entrants: The threat of new entrants is moderate as the Asia Alcohol Dependency Treatment market is growing rapidly. However, there are high costs associated with R&D, marketing, distribution and compliance with regulations which acts as a deterrent.
Bargaining power of buyers: The bargaining power of buyers is moderate. There is a strong demand for effective treatment options given the rising alcohol dependency prevalence. However, the availability of substitutes provides some bargaining power to buyers.
Bargaining power of suppliers: The bargaining power of suppliers is low to moderate. Key raw material suppliers face low switching costs. However, compliance with strict regulatory norms increases suppliers' bargaining power.
Threat of new substitutes: The threat of new substitutes is high given the continued innovation and new product developments in alternative treatment approaches like psychotherapy, dietary supplements etc.
Competitive rivalry: The competitive rivalry is high amongst established market players given the rapid market growth.
SWOT Analysis
Strength: Wide product portfolio and strong R&D capabilities of major players. Growing awareness about harmful effects of alcohol driving the treatment seeking behavior.
Weakness: High costs associated with effective treatments limiting access. Social stigma surrounding alcohol dependency acts as a deterrent to seek help.
Opportunity: Rising disposable income in emerging countries expanding the potential patient base. Growing preference for non-addictive treatment approaches present an opportunity.
Threats: Stringent regulations surrounding new product approvals delaying market entry. Increased promotion of unhealthy drinking culture poses a long term threat.
Key Takeaways
The Asia Alcohol Dependency Treatment market scope is expected to witness high growth at a CAGR of 10% during the forecast period owing to rising alcohol consumption and growing awareness. The Asia (Japan, South Korea, China, India, ASEAN) Alcohol Dependency Treatment Market is estimated to be valued at US$ 3.35 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2024-2031.
Regional analysis - China dominates the Asia market currently with over 30% share owing to large population and changing social norms. India is witnessing fastest growth at 12-14% driven by rising disposable income and shifting consumer preferences. Other emerging ASEAN countries also offer high growth potential.
Key players - Key players operating in the Asia Alcohol Dependency Treatment market are Capstone Turbine Corporation, NewEnCo Ltd., Elliot Company Inc., Micro Turbine Technology BV, FlexEnergy Inc., Ingersoll-Rand Company, and Global Microturbine LLC. Major players are focusing on new product launches and geographical expansion to enhance market share.
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Alcohol-dependency treatment market is also known as alcohol use disorder chronic consumption of alcoholic beverages at a level that interferes with physical or mental health.
It can lead to health and social problem and causes negative emotions, impulsive behavior, craving and withdrawal syndrome.According to the source from the Our World in Data, it is estimated that globally, around 185,000 people died directly from alcohol use disorders in 2017.
Improvement in treatment rates and healthcare infrastructure are also expected to propel the growth of the marketAlcohol-dependency treatment market is expected to grow at a substantial CAGR in the forecast period of 2019-2026.
Increase in strategic alliances between the pharmaceuticals companies and untapped emerging economies are the key factors that fueling the market growth.The Alcohol-Dependency Treatment Market report puts forth a range of segments linked to ABC industry and market with comprehensive research and analysis.
These involve industry outlook with respect to critical success factors (CSFs), industry dynamics that primarily covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis.
This list can be elaborated with key company profiles, competitive landscape, and company market share analysis.
Alcohol-Dependency Treatment Market is also known as alcohol use disorder chronic consumption of alcoholic beverages at a level that interferes with physical or mental health.
It can lead to health and social problem and causes negative emotions, impulsive behavior, craving and withdrawal syndrome.Global alcohol-dependency treatment market is expected to grow at a substantial CAGR in the forecast period of 2019-2026.
Increase in strategic alliances between the pharmaceuticals companies and untapped emerging economies are the key factors that fueling the market growth.Get Sample Report at :https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-alcohol-dependency-treatment-market Competitive Analysis: Global Alcohol-Dependency Treatment MarketFew of the major competitors currently working in the global alcohol-dependency treatment market are Alkermes, Teva Pharmaceutical Industries Ltd, Zydus Cadila, Mylan N.V, Glenmark Pharmaceuticals Ltd, Curemark, LLC, Chronos Therapeutics Ltd, BioCorRx, Inc, Bionex Pharmaceuticals LLC, Cerecor Inc , Opiant Pharmaceuticals, Omeros Corporation, MONTISERA LTD, Kinnov Therapeutics, Indivior PLC, Bristol-Myers Squibb Company, Otsuka Holdings Co., Ltd, H. Lundbeck A/S and others.Key Pointers Covered in the Global Alcohol-Dependency Treatment Market Trends and Forecast to 2026Global Alcohol-Dependency Treatment Market New Sales VolumesGlobal Alcohol-Dependency Treatment Market Replacement Sales VolumesGlobal Alcohol-Dependency Treatment Market Installed BaseGlobal Alcohol-Dependency Treatment Market By BrandsGlobal Alcohol-Dependency Treatment Market SizeGlobal Alcohol-Dependency Treatment Market Procedure VolumesGlobal Alcohol-Dependency Treatment Market Product Price AnalysisGlobal Alcohol-Dependency Treatment Market Healthcare OutcomesGlobal Alcohol-Dependency Treatment Market Cost of Care AnalysisGlobal Alcohol-Dependency Treatment Market Regulatory Framework and ChangesGlobal Alcohol-Dependency Treatment Market Prices and Reimbursement AnalysisGlobal Alcohol-Dependency Treatment Market Shares in Different RegionsRecent Developments for Global Alcohol-Dependency Treatment Market CompetitorsGlobal Alcohol-Dependency Treatment Market Upcoming ApplicationsGlobal Alcohol-Dependency Treatment Market Innovators StudyGet Detailed TOC:https://www.databridgemarketresearch.com/toc/?dbmr=global-alcohol-dependency-treatment-marketMarket DriversHigh prevalence of alcohol abuse disorder worldwide and vulnerable adult population is propelling the growth of this marketChange in life style and non-stringent regulation on sale of alcohol to the minorsNew innovation and emerging new markets is boosting the market growthHigh demand of disease specific novel treatment can also act as a market driverThe competitive scenario of market and strategic collaborations may boost the market position Scope of the Alcohol-Dependency Treatment MarketGlobal Alcohol-Dependency Treatment Market By Type (Mild, Moderate, Severe), Therapy (Cognitive Behavioral Therapy, Psychotherapy) Drugs (Naltrexone, Antabuse, Acamprosate, Others), Route of Administration (Oral, Injectable), End- Users (Hospitals, Rehabilitation Centers and Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026Global alcohol-dependency treatment market is expected to grow at a substantial CAGR in the forecast period of 2019-2026.
Increase in strategic alliances between the pharmaceuticals companies and untapped emerging economies are the key factors that fueling the market growth.Alcohol-dependency is also known as alcohol use disorder chronic consumption of alcoholic beverages at a level that interferes with physical or mental health.
It can lead to health and social problem and causes negative emotions, impulsive behavior, craving and withdrawal syndrome.Speak to Author :https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-alcohol-dependency-treatment-marketKey insights in the report:Complete and distinct analysis of the market drivers and restraintsKey Market players involved in this industryDetailed analysis of the Market SegmentationCompetitive analysis of the key players involvedAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.Contact:Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected] Alcohol-Dependency Treatment Market Similar Report Here:Postpartum Depression MarketVasopressors Market
