Alcohol Abuse Monitoring Devices Market
Number of pages: 100 | Report Format: PDF | Published date: March 01, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
Market Size Value in 2022 |
US$ 998.6 million |
|
Market Size Value in 2031 |
US$ 2,513.4 million |
|
CAGR |
10.8% |
|
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, Latin America, and the Middle East & Africa |
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$ 2.51 billion by 2031.
Alcohol Abuse Monitoring Devices Market Fundamentals
Alcohol abuse monitoring devices are equipment that track and detect alcohol consumption in people who may have a history 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 examples of these devices. The rise in the demand for precise and trustworthy tools to track adherence to treatment programs and avoid relapse is driving the market for alcohol abuse monitoring devices. People are becoming more aware of the health risks associated with alcohol abuse, which is a serious public health issue.
Alcohol abuse monitoring devices are an emerging technology that can improve the alcohol use disorders medication development study. Monitoring tools for alcohol abuse can 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 biosignals are generated during or after drinking. These signals can be sensed by monitoring equipment for alcohol abuse. Though drinking produces a variety of biosignals that can be sensed by the right sensors, transdermal alcohol detection has received attention in studies on alcohol biosensor technology. About 1% of consumed alcohol is excreted in perspiration, and the amount of alcohol in sweat has an almost 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]
Alcohol Abuse Monitoring Devices 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 various goals, such as increasing sociability, gaining power, escaping from issues, enjoying oneself, or performing rituals. Additionally, the link between alcohol and aging has become a significant public health concern. There are concerns that alcohol consumption among the elderly could develop into a silent epidemic and that older people who struggle with drug usage 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 effects. Thus, the increasing global geriatric population is an important factor in driving the need for 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 the global population, which boosts the revenue growth of the alcohol abuse monitoring devices market. Further, the increase in the number of road accidents due to driving after drinking alcohol is the most important factor in fueling the global alcohol abuse monitoring devices market revenue growth. For instance, according to the report of the United State Department of Transportation, about 32 individuals per day, or one every 45 minutes, lose their lives in drunk and drive accidents in the United States. About 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 revenue growth.
Alcohol Abuse Monitoring Devices 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 product, the global alcohol abuse monitoring devices market is segmented into 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 segment 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 for segment revenue 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 into 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 if alcohol is no longer detectable, the ethanol test, also known as the EtG, is used to detect its presence in the urine, as EtG can be found in urine up to 72 hours after alcohol consumption. Thus, it 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, alcohol abuse monitoring based on the urine sample is more efficient and most preferred. The benefits of using urine samples for alcohol abuse monitoring have grown considerably in comparison to the other sample segments.
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, criminal justice, and workplaces.
The government departments segment 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 any nation. Additionally, this destabilizes the law-and-order situation in a country, which is detrimental to the tranquil atmosphere. Therefore, alcohol abuse monitoring devices are often used in government departments 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 is often performed in government-run laboratories. Therefore, the government departments segment of alcohol abuse monitoring devices dominates 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% 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. However, Americans have a very unhealthy connection with alcohol. An estimated 15 million adult Americans experience an alcohol usage problem. Alcohol is used both for celebration and solace in American society. It also serves a therapeutic purpose. In contrast, 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 do not know how to limit their consumption when they move away for college and have access to it for the first time. Therefore, North America leads the global market owing to the high demand for alcohol abuse prevention due to the irregular and excessive alcohol consumption in the region.
Alcohol Abuse Monitoring Devices Market Competitive Landscape
Many businesses are focusing on organic development strategies, including product launches, product approvals, and patents and events. Moreover, the market is experiencing a rise in the number of inorganic development strategies, such as acquisitions, partnerships, and collaborations.
The prominent companies operating in the global alcohol abuse monitoring devices market are:
Alcohol Abuse Monitoring Devices Market Strategic Developments
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.
The increasing alcohol-consuming population and rising cases of road accidents and crimes are the key trends governing the global alcohol abuse monitoring devices market.
Hanwei Electronics Group Corporation, Dragerwerk AG & Co. KGaA, BACtrack, Lifeloc Technologies, Inc., and Quest Products, LLC. are among the top market players.
The lack of accuracy of the alcohol abuse measuring devices is the most important factor hindering the growth of the global alcohol abuse monitoring devices market to its 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