North American Market Forecast
North America industry is predicted to dominate majority revenue share of 46% by 2037. The region represents a multifaceted landscape shaped by evolving societal attitudes and robust healthcare systems. The region faces the dual challenge of prevalent alcohol addiction and an increasing demand for effective treatments. Diverse interventions such as medication-assisted therapy, behavioral therapies, support groups like Alcoholics Anonymous, and digital health solutions characterize the market. Continued efforts in research, policy initiatives, and reducing stigma are essential to further advance the efficacy and accessibility of alcohol use disorder treatment in North America. Further, healthcare expenditure increased gradually over the forecast period. The amount spent on health care in the United States increased by 2.7% in 2021 to USD 4.3 trillion, or USD 12,914 per person. Health spending made up 18.3 percent of the country's Gross Domestic Product.
European Market Statistics
Europe’s alcohol use disorder treatment market is set to attain a significant market share over the forecast period. The market for addiction treatment in Europe is expanding as a result of increased R&D efforts to create medicines that work. Many European pharmaceutical companies are involved in research and development as well as the manufacturing of medications that address addiction. Additionally, a growing number of advantageous reimbursement schemes support regional expansion.
Author Credits: Radhika Pawar
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