Alcohol Use Disorder Treatment market is projected to grow at a good cagr during the forecast period of 2019-2024
The recent study on the alcohol use disorder treatment market covers an in-depth analysis of the market on the basis of type, treatment, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraints during the forecast period 2019-2024. According to the report titled “Alcohol Use Disorder Treatment Market – Forecasts from 2019 to 2024”, the market is expected to surge at a good CAGR during the projected period.
The report is segmented by type as Alcohol Abuse and Alcoholism (Alcohol dependence); by treatment as Medicines and Behavioural Therapies; and by geography as North America (USA, Canada, Mexico, and Others), South America (Brazil, Argentina, and Others), Europe (Germany, France, United Kingdom, Spain, and Others), Middle East and Africa (Saudi Arabia, Israel, and Others), and Asia Pacific (China, Japan, South Korea, India, and Others). The growing demand for alcohol use disorder treatment is attributed to the prevalence of people with alcohol use disorder, and the prevalence of Fetal Alcohol Spectrum Disorders (FASD). Furthermore, the occurrence of deaths due to alcohol-related liver disease is driving the market growth during the forecast period. Awareness regarding alcohol use and misuse will provide an opportunity for the growth of the global alcohol use disorder treatment market during the forecast period and beyond.
Prevalence of people with alcohol use disorder (AUD) is boosting the market growth during the forecast period.
There is a prevalence of adults (above 18 years of age) and youth (age between 12-17 years old) who are involved in excessive consumption of alcohol. In the United States, 15.1 million adults had AUD in 2015 which included 9.8 million men and 5.3 million women. Among the youths included 298,000 males and 325,000 females (source: National Institutes of Health). This has further given rise to diseases and injury-related health conditions due to the excessive consumption of alcohol. On a global level, alcohol misuse has been ranked as the fifth leading risk factor contributing to premature deaths and disability in 2010. Thus, there is a high market demand for the treatment of AUD due to heavy drinking habits among people, emanating the market growth during the forecast period.
North America holds a dominant share in the market
North America alcohol use disorder treatment market is expected to hold the largest market share with the highest health spending of the United States among the industrialized nations and the early adoption of innovations. Also, the prevalence of people with chronic diseases due to the excessive consumption of alcohol is fueling the market growth in this region. Furthermore, the stakeholders in the United States are moving from volume-based to value-based care by reforming policies, programs promoting operational efficiency, technology use, population health management, wellness, and addressing the social determinants of health. In addition, there is a shift in the healthcare market dynamics owing to the better patient outcome at lower costs.
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