According to FutureWise analysis the market for alcohol addiction therapeutics is expected to register a CAGR of 6.72% from 2023-2031.
Alcohol addiction therapeutics, also known as alcohol use disorder (AUD), is a medical condition identified by an impaired capability to stop or control alcohol use, even with adverse social, occupational, or health consequences. It encompasses the conditions that some individuals call alcohol addiction, alcohol abuse, alcohol dependence, and the colloquial term, alcoholism. Regarded as a brain disorder, AUD can be mild, moderate, or severe. Enduring effects in the brain caused by alcohol misuse maintain AUD and make individuals susceptible to relapse. The positive aspect is that no matter how severe the problem may seem, evidence-based therapy with behavioral therapies, mutual-support groups, and medications can help individuals with AUD achieve and maintain recovery. For instance, according to the 2021 National Survey on Drug Use and Health, about 28.6 million adults aged 18 and above, which accounts for 11.3% of this age group, experienced AUD in 2021. Among adolescents ages 12 to 17, an estimated 894,000 individuals, constituting (3.4% of this age group) had AUD during this time period.
Cognitive Behavioral Therapy is an evidence-based practice to alleviate the burdens of alcoholism. The basic presumption of cognitive behavioral therapy is the significance of recognizing negative thoughts and behaviors and exchanging them with positive thoughts and behaviors. A CBT session will be a discussion between a patient and a psychologist. Cognitive behavioral therapy (CBT) is a solutions-oriented approach to treatment that focuses less on diagnosis and more on constructive action, such as challenging destructive beliefs, confronting fears, role-playing to improve social interactions, and formulating strategies to quit drinking alcohol or using drugs. Cognitive behavioral therapy is often effective with as few as five sessions.
FutureWise Market Research has published a report that provides an insightful analysis alcohol addiction therapeutics market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, alcohol addiction therapeutics market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.