The global alcohol use disorder treatment market was worth US$ 700 million in 2023 and is expected to be worth US$ 1,300 million by 2033, growing at a CAGR of 6.4% between 2023 and 2033. The increased prevalence of alcohol abuse and binge drinking is expected to fuel the industry. This disease knows no bounds and can strike anyone, regardless of age or gender, resulting in a larger market for alcohol use disorder treatment.
Alcohol use disorder (AUD) is a common, chronic, relapsing illness characterised by a reduced ability to stop or regulate alcohol consumption in the face of significant impairment, distress, or other negative consequences. It is one of the world’s most common drug-use diseases, affecting millions of people. Its clinical presentation diversity reflects a complex interplay of numerous environmental, physiological, psychological, social, and biological factors that result in the development and progression of illness.
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Crucial information and forecast statistics covered in the Alcohol Use Disorder Treatment market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Alcohol Use Disorder Treatment Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Alcohol Use Disorder Treatment market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Alcohol Use Disorder Treatment market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Alcohol Use Disorder Treatment market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Alcohol Use Disorder Treatment Market: Segmentation
Valuable information covered in the FMI’s Alcohol Use Disorder Treatment market report has been segregated into key segments and sub-segments.
By Disorder Type:
- Alcohol Abuse
- Alcohol Dependence
- Alcohol Addiction
- Alcoholism
By Treatment Type:
- Medication
- Therapy
- Multidisciplinary Treatment
Alcohol Use Disorder Treatment Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Alcohol Use Disorder Treatment market. Competitive information detailed in the Alcohol Use Disorder Treatment market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Alcohol Use Disorder Treatment market report.
Key players covered in the report include:
- Alkermes Plc.
- Teva Pharmaceutical Industries Ltd.
- BioCorRx, Inc.
- Adial Pharmaceuticals Inc.
- Addex Therapeutics Ltd.
- Kinnov Therapeutics
- Opiant Pharmaceuticals
- Omeros Corporation
- GlaxoSmithKline plc
- Merck & Co. Inc
Important Questions Answered in the Alcohol Use Disorder Treatment Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Alcohol Use Disorder Treatment market been expanding during the forecast period?
- How will the global Alcohol Use Disorder Treatment market look like by the end of the forecast period?
- What innovative strategies are adopted by Alcohol Use Disorder Treatment market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Alcohol Use Disorder Treatment market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Alcohol Use Disorder Treatment market
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