Alcohol Abuse Monitoring Devices Market
Number of pages: 100 | Report Format: PDF | Published date: 01 March, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market size value in 2022 |
US$ 998.6 million |
|
Revenue forecast in 2031 |
US$ 2,513.4 million |
|
Growth Rate |
CAGR of 10.8% from 2023 to 2031 |
|
Base year for estimation |
2022 |
|
Forecast Period |
2023-2031 |
|
Historical Year |
2021 |
|
Segments covered |
Product, Sample, End User, and Region |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global alcohol abuse monitoring market was valued at US$ 998.6 million in 2022 and is expected to register a revenue CAGR of 10.8% to reach US$ 2,513.4 million by 2031.
Market Fundamentals
Alcohol abuse monitoring devices are equipments that track and detect alcohol consumption in people who may have a past of alcohol abuse or are presently receiving treatment for alcohol addiction. Breathalyzers, wearable sensors, and lab tests that detect biomarkers in the blood or urine are some of these devices. The demand for precise and trustworthy tools to track adherence to treatment programs and avoid relapse is what is driving the market for alcohol abuse monitoring devices. People are becoming more conscious of the health risks associated with alcohol abuse. Alcohol abuse is a serious public health issue. Alcohol abuse monitoring devices are an emerging technology that can enhance alcohol use disorders medication development study. Monitoring tools for alcohol abuse can quietly identify changes in a person's blood alcohol level. There is increasing interest in using these devices to track outcomes in clinical trials. These devices are already being used clinically for remote health monitoring in other medical specialties. As alcohol is ingested, metabolized, and excreted, numerous quantifiable bio signals are generated during or after drinking. These signals can be picked up by monitoring equipment for alcohol abuse. Although drinking produces a variety of bio signals that can be picked up by the right sensors, transdermal alcohol detection has received attention in study on alcohol biosensor technology. About 1% of the alcohol that is consumed is excreted in perspiration, and the amount of alcohol in sweat has a roughly proportional relationship with blood alcohol levels. Alcohol is oxidized using a transdermal alcohol sensor (TAS), which is held up to the skin surface. The oxidation current is measured and used as a direct indicator of alcohol content.
[786868]
Market Dynamics
The etiological and reasons-for-drinking research has focused on two motives for alcohol consumption: first, people drink to relieve stress, and second, people drink as a result of societal pressures. Alcohol consumption has been linked to a variety of various goals, such as increasing sociability, gaining power, escaping from issues, getting wasted, enjoying oneself, or performing rituals. Additionally, the link between alcohol and aging has become a significant public health concern. There are worries that alcohol consumption among the elderly could develop into a silent epidemic and that older people who struggle with drug use have significant unmet needs. This group of people in society has a higher co-morbidity rate, is more likely to be taking prescription drugs, and is more physiologically susceptible to alcohol's affects. Thus, the increasing global geriatric population is an important factor to drive the need of alcohol abuse monitoring devices in the market. Poorer societies are more likely to experience negative health effects and social harm from a particular amount and pattern of drinking. Therefore, the socio-economic developments and changes influence the increasing alcohol consumption in global population which enhances the growth of alcohol abuse monitoring devices market. Further, the increased road accident for driving after drinking is the most important factors to fuel the global alcohol abuse monitoring devices market. For instance, according to the report of United State Department of Transportation, about 32 individuals per day, or one every 45 minutes, lose their lives in drunk driving accidents in the United States. 11,654 individuals died in traffic accidents as a result of drunk driving in 2020, a 14% increase from 2019.
However, the lack of accuracy of alcohol abuse monitoring devices is the most important factor restraining the global alcohol abuse monitoring devices market growth.
Market Ecosystem
The global alcohol abuse monitoring market is analyzed from four perspectives: Product, Sample, End User, and Region
Alcohol Abuse Monitoring Devices Market by Product
[9678567]
Based on the products, the global alcohol abuse monitoring devices market is segmented as infrared (IR)-based equipment, alcohol breath analyzer, semi-conductor equipment, urine testing devices, fuel cell-based equipment, chromatography instruments, immunoassay analyzer, and hair-testing devices.
The alcohol breath analyzer accounted for the largest revenue share of the global alcohol abuse monitoring devices market in 2022. Blood tests are more invasive than breathalyzers, and non-professional staff can rapidly get results. The breathalyzer is a great replacement even though it cannot identify alcohol levels with absolute accuracy. The increased road accidents and reckless driving are the main factors responsible the segment growth. Often breath analyzer device is used to perform an early test on drivers for alcohol impairment at the roadside. Evidential breath testing is done at the police office if this results in a positive test.
Alcohol Abuse Monitoring Devices Market by Sample
Based on the sample, the global alcohol abuse monitoring devices market is segmented as urine, blood, hair, breath, and sweat.
The urine segment accounted for the largest revenue share of the global alcohol abuse monitoring devices market in 2022. Even after alcohol is no longer detectable, the ethanol test, also known as the EtG, is used to detect its presence in urine. Up to 80 hours after alcohol consumption, EtG can still be found in urine and serves as a sign that alcohol was consumed. For someone who is receiving treatment for alcohol addiction, the test might also be performed on a regular basis. EtG remains in the body much longer in the urine than alcohol does in the blood or air. EtG can stay in the urine for up to 48 hours after a few beverages, and sometimes for up to 72 hours or longer if the drinking is heavier. Therefore, the alcohol abuse monitoring based on the urine sample is more efficient and preferable. Comparing the segment to the other sample, the benefits of using urine samples for alcohol abuse monitoring have grown considerably.
Alcohol Abuse Monitoring Devices Market by End User
Based on the end user the global alcohol abuse monitoring devices market is segmented into hospitals, laboratories, government departments, rehabilitation centers, crime justice, workplaces.
The government departments accounted for the largest revenue share of the global alcohol abuse monitoring devices market in 2022. Alcoholism has had a devastating financial and social structural impact on the entire nation. Additionally, this destabilizes the law-and-order situation nationwide, which is detrimental to the tranquil atmosphere. Therefore, in government departments the alcohol abuse monitoring devices are often used in order to stop these two abuse instances. Also, federal law requires that many public servants and private individuals who cooperate in some way with municipal, state, or federal governments submit to drug and alcohol testing. This research frequently happens in government-run laboratories. Government workers may, however, need to submit to private drug and alcohol testing in certain circumstances. Therefore, the government department segment of alcohol abuse monitoring devices dominated the market in terms of revenue share.
Alcohol Abuse Monitoring Devices Market by Region
Based on the region, the global alcohol abuse monitoring devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America accounted for the largest revenue share of the global alcohol abuse monitoring devices market in 2022. In North America, alcohol has existed for a very long time. More than 86 percent of American adults over the age of 18 report having consumed alcohol at some time in the past. In the past year, 70% of respondents reported drinking, and 56% reported doing so in the previous month. But Americans have a very unhealthy connection with alcohol. An estimated 15 million adult Americans experience an alcohol use problem. Alcohol is used both for celebration and solace in American society. It serves a therapeutic purpose. While the alcohol is used in general and intoxication in particular far too frequently as a coping strategy. Furthermore, people are introduced to this unhealthy relationship at an early age. Due to parents' acceptance of college students' heavy drinking, they have a reputation for being binge drinkers. Since drinking alcohol had previously been frowned upon, many people don't know how to limit their consumption when they move away for college and have access to it for the first time. Therefore, the irregular and excessive drinking alcohol in North American population leads the global alcohol abuse monitoring devices market owing to the high demand of alcohol abuse prevention.
Competitive Landscape
Many businesses are focusing an emphasis on organic development strategies, including product launches, product approvals, and other things like patents and events. The market saw activity related to acquisition, partnerships, and collaborations as inorganic development strategies. The expansion of having profitable growth opportunities in the future increasing demand for alcohol abuse tracking in the global market has been made possible by these activities. Some of the prominent companies holding the largest revenue share for the global alcohol abuse monitoring devices market are,
Strategic Development
The devices that track and identify alcohol consumption in people who may have abused alcohol in the past or are currently getting treatment for alcohol addiction are known as alcohol abuse monitoring devices.
Increasing alcohol consuming population, road accidents and crimes are the key trends governing the global alcohol abuse monitoring devices market.
Key companies operating the global alcohol abuse monitoring market are Hanwei Electronics Group Corporation, Dragerwerk AG & Co. KGaA, BACtrack, Lifeloc Technologies, Inc., Quest Products, LLC., Intoximeters, Alcohol Countermeasure Systems Corp., AK GlobalTech Corp., PAS Systems International, Inc. and other notable companies.
Lack of accuracy of the alcohol abuse measuring devices is the most important factor hindering the growth of global alcohol abuse monitoring devices market with full potential.
The global alcohol abuse monitoring market is expected to grow at a revenue CAGR of 10.8% during the forecast period from 2023 to 2031
*Insights on financial performance are subject to the availability of information in the public domain
Using the fundamental research and knowledge services capabilities of GRG Health, Growth Plus Reports may now be tailored based on client needs.
GRG Health's unique GrowthMIX strategy and comprehensive research methodology enable us to provide unique and valuable insights to our clients while uncovering trends that would not be discovered using traditional techniques.
Snehal Deshmukh
Principle Consultant
Speak to analyst