Market Overview:
The Asia Pacific Alcohol Dependency Treatment Market deals with the treatment of alcohol dependency. Alcohol dependency causes harmful physical, mental and social consequences amongst individuals. It can lead to both acute and chronic health issues like increased risk of certain cancers, liver diseases, cardiovascular diseases etc. With increasing awareness about effects of excessive alcohol consumption in countries like China, India, Japan, Korea, treatments like pharmacological therapies, psychosocial support and counseling are gaining popularity.
Market key trends:
One of the key trends in the Asia Pacific Alcohol Dependency Treatment Market is growing acceptance of holistic treatment approaches. Earlier treatments predominantly focused on pharmacological therapies or counseling individually. However, now a combined treatment approach utilizing medication along with behavioral therapies and psychosocial support is being advocated. This holistic treatment strategy provides patients with medications to manage withdrawal symptoms and cravings along with personalized counseling and lifestyle coaching to address root behavioral and psychological causes of addiction. It aims to achieve long term abstinence and prevent relapse.
The global Asia (Japan, South Korea, China, India, ASEAN) Alcohol Dependency Treatment Market Size is estimated to be valued at Us$ 2.9 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Porter’s Analysis
Threat of new entrants: The Asia (Japan, South Korea, China, India, ASEAN) Alcohol Dependency Treatment Market has moderate threat of new entrants due to the established key players and higher capital requirements for R&D.
Bargaining power of buyers: The bargaining power of buyers is moderate due to the availability of alternative treatment options.
Bargaining power of suppliers: The bargaining power of suppliers is low to moderate due to the availability of substitutes.
Threat of new substitutes: There is a low-to-moderate threat of substitutes as alternative treatment medications and therapies are available.
Competitive rivalry: High due to the presence of many global and regional players.
Key Takeaways
The Asia Pacific region is expected to witness the fastest growth during the forecast period owing to increasing alcohol consumption and growing preference for advanced treatment methods in countries like India, China, and South Korea. According to the National Study on Extent and Pattern of Substance Use in India 2019, alcohol dependency is rising among Indians with over 16 million people affected. This is further driving the need for effective alcohol dependency treatment products and services in the region.
Key players operating in the Asia (Japan, South Korea, China, India, ASEAN) Alcohol Dependency Treatment Market are Kurihama Medical and Addiction Center, National Hospital Organization Kurihama Medical and Addiction Center, Osaka National Hospital, National Hospital Organization Nagasaki Medical Center, National Hospital Organization Kochi Medical Center, National Center for Mental Health (Nashilgil Hospital), Seoul St. Mary’s Hospital, Samsung Medical Center, Yonsei University Health System, Asan Medical Center, Beijing HuiLongGuan Hospital, Peking University Sixth Hospital, Beijing Huilongguan Hospital, Shanghai Mental Health Center, Tongji Medical College, Huazhong University of Science and Technology, National Institute of Mental Health and Neurosciences (NIMHANS), All India Institute of Medical Sciences (AIIMS), Tata Memorial Hospital, VIMHANS (Vidyasagar Institute of Mental Health and Neurosciences), Schizophrenia Research Foundation (SCARF), Promises Healthcare (Singapore), The Cabin Chiang Mai (Thailand), The Dawn Medical Rehab and Wellness (Thailand), The Solace Sabah (Malaysia), The Kusnacht Practice (Singapore).
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
