Report Overview

Germanys alcohol addiction therapeutics market size stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of around xx% during the forecast period.

According to a new study released by the German Central Office for Addiction Issues (Deutsche Hauptstelle fr Suchtfragen, DHS), Germany remains one of the most-addicted societies in the world. 74,000 people die every year due to alcohol in Germany and approximately 21,700 children and youth between the age of 10 and 20 years were hospitalized due to alcohol poisoning, in 2017.



Market Driving and Restraining Factors

Market Drivers

The growing awareness among individuals concerning the numerous disadvantages to the excessive consumption of alcohol such as liver inflammation, high, blood, pressure, the development of a host of cancers like stomach, liver, colon, breast, and mouth, is a primary factor that is expected to continue to fuel the revenue growth of the global alcohol addiction therapeutics market over the next 10 years.

Moreover, the exponential increase in the number of alcohol-related deaths, especially in recent years, is another primary factor that is slated to play a pivotal role in boosting the demand for alcohol addiction therapeutic products, thereby significantly influencing future market growth opportunities in the process. Numerous initiatives being undertaken by key market players as well as governing bodies to improving access to alcohol addiction therapeutics, and to increase awareness levels concerning the benefits of responsible alcohol consumption are also other factors that are anticipated to positively influence market growth prospects for the global alcohol addiction therapeutics market in the foreseeable future

Restraining Factors

A major restraining factor is the alcohol policy in Germany. Here, alcohol policy is being formulated to protect the interests of the alcohol industry, not to tackle the pervasive harm in the interest of society.