Mexico Alcohol Addiction Therapeutics Market Analysis

Mexico Alcohol Addiction Therapeutics Market Analysis


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The Mexico Alcohol Addiction Therapeutics Market is valued at around $11 Mn in 2022 and is projected to reach $18 Mn by 2030, exhibiting a CAGR of 6.55% during the forecast period. The market is fueled by drivers such as increasing prevalence, an increase in the efforts taken by the government to battle addiction, and the adoption of newer advanced technologies by the general population. The key players involved in the research, development, and distribution of Alcohol Addiction Therapeutics in Mexico are Elli Lily, Roche, AbbVie, TEVA, Otsuka Pharmaceuticals, GlaxoSmithKline, Johnson & Jhonson, Viatris, Grupo Ferrer and Genomma, among various others

ID: IN10MXPH428 CATEGORY: Pharmaceuticals GEOGRAPHY: Mexico AUTHOR: Netal Patel

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Mexico Alcohol Addiction Therapeutics Market Executive Summary

The Mexico Alcohol Addiction Therapeutics Market is valued at around $11 Mn in 2022 and is projected to reach $18 Mn by 2030, exhibiting a CAGR of 6.55% during the forecast period.

Alcohol addiction, sometimes referred to as alcoholism or alcohol use disorder (AUD), is a chronic illness marked by an inability to regulate or abstain from alcohol consumption despite its detrimental effects. It is seen as a progressive illness with major potential effects on one's social, mental, and physical well-being. A mix of hereditary, environmental, and psychological variables impact alcohol addiction. It may have detrimental effects on one's physical well-being. Combining counselling, support groups, and behavioural therapy is a common approach to treating alcoholism. Medication may occasionally be recommended to treat withdrawal symptoms or lessen cravings.

In Mexico, the typical age of onset for alcohol usage is between 16 and 17 years. Binge drinking (5+ drinks on each occasion) has grown dramatically in recent years. Alcohol dependency was reported by more than 2.2% of the population aged 12 to 65. Men have a larger incidence than women (3.9% vs. 0.6%). The market is fuelled by drivers such as increasing prevalence, an increase in the efforts taken by the government to battle addiction, and the adoption of newer advanced technologies by the general population.

International firms with well-known names like naltrexone and acamprosate, such as AbbVie and Otsuka, control a large portion of the market. They may have an advantage in generating income due to their extensive worldwide reach and marketing resources. While local companies may not have as large a market share as global companies, they can still gain from cost-competitive production and can concentrate on meeting particular local demands. Businesses in narrow markets like Farmacéutica Serral and Genomma generate substantial income.

Mexico Alcohol Addiction Therapeutics Market Analysis 2022 to 2030

Market Dynamics

Market Drivers

Increasing Prevalence: Alcohol consumption is a serious and expanding issue in Mexico. There is a great need for efficient treatment alternatives due to the high incidence of dependency and binge drinking. Rising spending rates, especially among youth, are a result of increased urbanization and exposure to Western lifestyles.

Government Initiatives: The Mexican government is investing more in programs for addiction treatment and extending healthcare coverage. This increases the accessibility of therapies for a greater number of people. Recognizing the business opportunity, private healthcare providers are also making investments to provide addiction treatment services.

Advancements in Technology: More efficient and individualized treatment alternatives are made possible by the creation of novel pharmaceuticals and non-pharmacological therapies like behavioural therapy and digital interventions. The community has become more and more acquainted with telemedicine and remote monitoring platforms as a result of technological improvements. By facilitating greater access to care for those with restricted mobility or in distant places, this can enhance the expansion of the industry.

Market Restraints

Lack of Resources: Underdeveloped infrastructure is typical in Mexico. In Mexico, there is a dearth of licensed addiction counsellors and specialists. Nearly everywhere in the county, there is a constant need for experts and superspecialists, especially in underprivileged communities. This may reduce the variety of therapeutic alternatives accessible and result in lengthy wait times for access to treatment.

Cost of Treatment: A significant fraction of the Mexican population cannot afford the high cost of several helpful drugs, such as acamprosate and naltrexone. Insurance for addiction treatment varies and frequently does not cover all necessary drugs or just covers a portion of it. Evidence-based therapies may face competition from traditional and informal therapy modalities, such as faith-based programs or herbal cures, which may have an adverse influence on their efficacy and reach.

Social Barriers: The stigma associated with addiction on the part of society might discourage people from getting treatment or seeking assistance. A lack of knowledge about available services and treatment alternatives may make this worse.

Healthcare Policies and Regulatory Landscape

The national health policy and the regulation of pharmaceuticals and medical devices in Mexico are within the purview of the Mexican Secretariat of Health. The decentralized and independent Federal Committee for Protection from Sanitary Risks (COFEPRIS) is in charge of policing health facilities, enforcing sanitary regulations over advertising, and keeping an eye on the production, import, and export of medical supplies. Mexico's pharmaceutical industry is governed by COFEPRIS, which also maintains a strong healthcare system and well-established regulatory framework that make it an attractive place for businesses to operate. In Mexico, COFEPRIS is also in charge of overseeing clinical research regulations. The organization is modernizing to digitize its processes and increase transparency, in line with the government's goals of thwarting corruption and enhancing the management of public resources.

Competitive Landscape

Key Players

  • Elli Lily
  • Roche
  • AbbVie
  • TEVA
  • Otsuka Pharmaceuticals
  • GlaxoSmithKline
  • Johnson & Jhonson
  • Viatris
  • Grupo Ferrer
  • Genomma

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Mexico Alcohol Addiction Therapeutics Market Segmentation

By Therapy Type

  • Pharmacological Therapy
  • Behavioural Therapy
  • Digital Health Interventions
  • Others

By Disease Stage

  • Mild Alcohol Dependence
  • Moderate Alcohol Dependence
  • Severe Alcohol Dependence

By Route of Administration

  • Oral
  • Parenteral
  • Topical
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Drug Stores & Retail Pharmacies
  • Online Pharmacies

By End User

  • In-Patient Centres
  • Out-Patient Speciality Clinics
  • Residential Treatment Centres
  • Homecare
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 15 February 2024
Updated by: Ritu Baliya

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