by The Asia (Japan, South Korea, China, India, ASEAN) Alcohol Dependency Treatment Market involves therapeutics and behavioral counseling that help people overcome addiction to alcohol. Addiction treatment aims to help patients stay alcohol-free and live a healthy lifestyle by managing cravings and building skills to avoid future alcohol misuse.
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 key trends:
The increasing rate of alcohol addiction across Asia Pacific countries like India, China, Japan etc due to rising social acceptance and changing lifestyle is one of the major factors that is expected to drive the growth of the alcohol dependency treatment market in the region over the forecast period. Rising consumption of alcohol among young population and changing attitudes towards responsible drinking have led to higher prevalence of alcohol use disorders, thereby propelling the demand for effective alcohol dependency treatments in Asia Pacific region.
SWOT Analysis
Strength: The Asia alcohol dependency treatment market is seeing increased government initiatives and funding for addiction treatment. Countries like China, Japan, and South Korea have been ramping up awareness programs.
Weakness: Social stigma around alcohol addiction remains high in Asian countries, deterring many from seeking help. Lack of adequate medical infrastructure and trained professionals also hinders the market.
Opportunity: Rapid urbanization and changing lifestyles have led to rising alcohol consumption rates, presenting opportunities for therapy and rehab centers. Demand for advanced digital therapies is also on the rise.
Threats: Non-medical alcohol dependency remedies and lack of regulatory standards threaten the credibility and uniformity of treatment approaches in the region. High substance relapse rates also act as a barrier.
Key Takeaways
The Asia (Japan, South Korea, China, India, ASEAN) alcohol dependency treatment market demand is witnessing steady growth due to rising alcohol abuse fueled by socioeconomic changes in the region. 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.
China accounts for over 35% market share currently due to its huge population and growing alcoholism problem. The Chinese government is actively working to ramp up awareness campaigns and launch rehabilitation programs nationwide. The India alcohol dependency treatment market is projected to witness double digit growth due to rising binge drinking practices in Indian metro cities. Both public and private establishments are expanding their offerings to cater to the growing demand. In Southeast Asia, Thailand has been handling addiction issues effectively via its widespread network of treatment facilities. However, other ASEAN countries still lag in rehabilitation infrastructure and access.
Key players operating in the Asia (Japan, South Korea, China, India, ASEAN) alcohol dependency treatment market include Capstone Turbine Corporation, NewEnCo Ltd., Elliot Company Inc., Micro Turbine Technology BV, FlexEnergy Inc., Ingersoll-Rand Company, and Global Microturbine LLC. The market is dominated by hospital and independent de-addiction centers that offer medical detox and counseling therapies. There is rising adoption of digital therapeutic apps and online counseling platforms as well. The overall market is expected to rise at a CAGR of 10% during the forecast period of 2024 to 2031.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
