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U.S. Naloxone Market Estimated to Witness High Growth Owing to Rising Prevalence of Drug Overdose Cases


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The U.S. naloxone market comprises intranasal and intramuscular formulations of naloxone that are used for emergency medical treatment of known or suspected opioid overdose. Naloxone is an opioid antagonist that works by blocking the effects of opioids on the brain and restoring normal respiration to a person whose breathing has slowed or stopped as a result of an overdose. The demand for naloxone has increased dramatically in the U.S. due to rising cases of opioid misuse and overdose deaths. This has driven major pharmaceutical companies to focus on developing user-friendly formulations of naloxone like intranasal spray and auto-injectors to enable easy administration during emergency situations.

The Global U.S. naloxone Market is estimated to be valued at US$ 1861.14 Mn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the U.S. Naloxone Market Companies are Mylan N.V., Novartis AG, Indivior Plc., ADAPT Pharma, Inc., Amphastar Pharmaceuticals, Inc., INSYS Therapeutics, Inc., Mundipharma International Limited, Kaleo, Inc., Kern Pharma, S.L., Samarth Life Sciences Pvt. Ltd., Opiant Pharmaceuticals, Pfizer, Sandoz, and Amneal Pharmaceuticals. Major players are focused on introducing generic versions of nasal spray formulations to drive volume growth and market share.

The key opportunities in the U.S. naloxone market include expanding public health programs for naloxone education and distribution to high-risk populations, first responders, and laypersons. This can help address significant treatment gaps and save many lives threatened by overdoses. Other opportunities lie in co-prescribing naloxone along with opioid medications to prevent overdose deaths.

The growing availability of generic and affordable naloxone products will support the global expansion of the U.S. naloxone market beyond the U.S. in other countries facing rising cases of opioid abuse and addiction. Partnerships between generic drugmakers and non-profit organizations can help increase access to naloxone treatments worldwide.

Market Drivers

The rising prevalence of opioid overdose deaths in the U.S. has been a key driver for the Naloxone Market Growth. According to CDC, there were over 93,000 drug overdose deaths in the U.S. in 2020, out of which majority involved opioids. This has resulted in greater awareness about opioid overdose, and legislation for expanding access to naloxone through public health programs and co-prescribing policies. This in turn is expected to boost the demand and adoption of naloxone formulations in the country over the forecast period.

PEST Analysis
Political: Drug de-criminalization laws passed in some states have made it easier to access naloxone. At the same time, regulatory requirements for approvals of new formulations could impact market dynamics.

Economic: Constant influx of generic drugs are pressuring prices downwards in the long run even as the total cost of the epidemic remains high, sustaining overall market demand.

Social: Growing acceptance and discussions around substance abuse disorders are reducing stigma, aiding adoption of overdose reversal drugs. However, lack of comprehensive public access in some areas persists as a challenge.

Technological: New auto-injector and nasal delivery methods bring more user-friendly formulations that can help expand reach to both medical and lay-admin settings more effectively.

The Northeast region accounts for the largest share of the U.S. naloxone market in terms of value. Factors such as higher overdose rates, favorable reimbursements and implementation of statewide naloxone access programs have boosted adoption rates.

The Western region is poised to be the fastest growing market for naloxone. Aggressive policy pushes for public naloxone distribution along with rising addiction prevalence are expected to drive strong demand over the forecast period in states like California, Washington and Oregon. Initiatives to supply naloxone in non-medical settings can help facilitate its timely availability.

Get more insights on US Naloxone Market

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)


 

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