Alcohol Abuse Monitoring Market: Overview
Substance abuse monitoring post-recovery, including for alcoholics, needs constant self-discipline and accountability for enforcing the correct behavior. A range of community-based approaches and technologies have shaped the evolution of the alcohol abuse monitoring market. These approaches, including adoption of wearable technologies, not only help in non-invasive monitoring but also help the care team keep a close watch all the time, and are aimed at avoiding relapse. Moreover, they help in facilitating independent behaviors for the affected. The strides in the alcohol abuse monitoring market have been see undercurrent on the back of discovery of numerous biomarkers and increasing need for responding to testing services.
Most popularly, alcohol abuse monitoring is made successful by self-monitoring. Advances in instrumentation and software used in self-monitoring devices helps in better monitoring of hazardous drinkers, binge drinkers, and alcoholics. Notable advances have been made in sensors, typically in GPS sensors. Authorities over the past few years have come to rely on such technologies to decide the appropriateness of delinquent orders.
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Alcohol Abuse Monitoring Market: Key Trends
The study offers in-depth insights into regulatory underpinning for certain technologies, key application trends, and major technological advances. The research on the market provides share and size of various application and regional trends and offers a granular assessment of emerging opportunities during 2020 – 2030.
The growing awareness among communities and governments about the mounting problem of alcohol abuse is a key undercurrent for the expansion of the alcohol abuse monitoring market. The growing acceptance of devices is underpinned by the stakeholders seeing the effectiveness of wearable and non-wearable in community-based approaches. Reduction in the cost of devices has helped bolster the evolution of the alcohol abuse monitoring market.
The growing application of monitoring devices in sustainable recovery is a key trend boosting the market. The advent of customized testing schedules has also favorably affected the growth dynamics of the market. Care personnel can offer real-time feedback, thereby helping in attaining goals faster.
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Alcohol Abuse Monitoring Market: Competitive Analysis and Key Developments
Stakeholders in the alcohol abuse monitoring market are leaning on improving the accuracy and reliability of devices. Device manufacturers take care of sensitivities and specificities that cater to the needs of target population. They are also adopting approach of combining several biomarkers.
Numerous device developers in the alcohol abuse monitoring market aim at transdermal alcohol testing and are developing wearable to the end. An example is SCRAM Continuous Alcohol Monitoring (SCRAM CAM) by SCRAM Systems. Advances in wearables aim at continuous alcohol monitoring for prolonged duration with accuracy. Such devices are expected to see better adoption in high-risk alcohol and domestic violence offenders. Regulatory bodies are also keen on making regular updates for diagnostic criteria for alcohol use disorder (AUD).
Some of the well-entrenched players in the market are lcohol Monitoring Systems, Inc., Electronic Sentencing Alternative, BI Incorporated, StreeTime Technologies, Sentinel, BACtrack, and 3M.
Alcohol Abuse Monitoring Market: Regional Assessment
Some of the key regional segments are North America, Latin America, Europe, Asia Pacific and Japan, and the Middle East and Africa. Of these, North America and Europe are lucrative markets. The vast appetite for monitoring technologies in the two regional markets can be largely attributed to the growing reliability of these in preventing relapse and in ensuring regulatory compliance. Further, extensive research is being conducted on developing biomarkers of high specificity.
Meanwhile, the growing awareness about the substance use in Asia Pacific has bolstered the prospects in this regional market. Communities in the region are adopting technologies that can help in monitoring abstinence in the target population even after long-term use
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.