Alcohol-Dependency Treatment Market Consumption Forecast By Regions And Sales ChPosted by Rashi Pande on January 3rd, 2020 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.Few 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. 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. 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 market Click Here to Get the Inside Scoop and Research Methodology of this Sample Report Here Market Drivers High prevalence of alcohol abuse disorder worldwide and vulnerable adult population is propelling the growth of this market Change in life style and non-stringent regulation on sale of alcohol to the minors New innovation and emerging new markets is boosting the market growth High demand of disease specific novel treatment can also act as a market driver The competitive scenario of market and strategic collaborations may boost the market position Market Restraints Limited operating revenue opportunities for research and development of targeted therapies by many pharmaceuticals is acting as a challenging factor for the growth of this market Low healthcare budget in some developing countries is hamper the market growth Segmentation: Global Alcohol-Dependency Treatment Market By Type Mild Moderate Severe By Therapy Cognitive Behavioral Therapy Psychotherapy By Drugs Naltrexone Antabuse Acamprosate Others By Route of Administration Oral Injectable By End Users Hospitals Rehabilitation Centers Others By Distribution Channel Hospital Pharmacy Retail Pharmacy Online Pharmacy By Geography North America South America Europe Asia-Pacific Middle East & Africa Key Developments in the Market: In January 2019, H. Lundbeck A/S received an approval from the Japan's Ministry of Health, Labor and Welfare (MHLW) for Selincro (nalmefene hydrochloride) for treatment to reduce alcohol consumption in alcohol-dependent patients. The approval of Selincro represents significantly improve the lives of millions of patients suffering from alcohol addiction throughout the Japan. In July 2017, Opiant Pharmaceuticals reported topline result of phase I trial of OPNT002 which is a tranasally dosed (IN) formulation of the opioid antagonist naltrexone hydrochloride is developing for the treatment of Alcohol Use Disorder (AUD). The trial demonstrated increased the rate of absorption of intranasal naltrexone with no serious adverse event. Competitive Analysis: Global alcohol-dependency treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares global alcohol-dependency treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa. Like it? Share it!More by this author |