2021 Naloxone Market Market | Analysis, Recent Trends and Regional Growth Forecast by 2028

-
Naloxone
Naloxone 

Naloxone is an opioid overdose reversal medicine used to treat morphine and heroin overdoses. Naloxone is an opioid antagonist that is classified as a prescription drug by the US Food and Drug Administration (FDA). However, some countries, such as Italy and Australia, have reclassified it as an over-the-counter (OTC) medication. Naloxone Market products come in a variety of strengths. 0.4 mg/ml, 1 mg/ml, 0.4 mg/0.4ml, 4 mg/0.1ml, and more doses of naloxone are currently available. Naloxone is given through a variety of methods, including intranasal, intramuscular/subcutaneous, and intravenous. The most recent medicine on the market is intranasal naloxone, which can be administered by anyone (non-medical professional). Intravenous products, on the other hand, are mostly administered by medical professionals who have been appropriately trained.

The global Naloxone Market is predicted to expand because to the frequent launches and approvals of innovative naloxone medicines. Over the projection period, increasing releases and approvals of innovative naloxone products by various regulatory authorities are expected to be a prominent factor boosting market expansion. The US Food and Drug Administration (FDA) approved Adapt Pharma Inc.'s NARCAN Nasal Spray 2 mg formulation for the emergency treatment of known or suspected opioid overdose in January 2017.

Naloxone hydrochloride injection USP, 0.4 mg/mL, packaged in 1 mL single-dose vials was introduced by Mylan N.V. in 2016. It is therapeutically comparable to Hospira Inc.'s naloxone hydrochloride injection of 0.4 mg/mL. The European Medicines Agency (EMA) approved Mundipharma International Limited's medication (intranasal naloxone 1.8 mg) for use in emergency opioid overdose reversal in September 2017. The global Naloxone Market was worth US$ 310.2 million in 2017, and it is predicted to grow at a CAGR of 11.4% from 2018 to 2026.

Increasing Demand for Treatment Drugs

As the number of people dying from opioid overdoses rises, demand for naloxone products for emergency treatment is likely to rise, boosting the global Naloxone Market. According to data released by the United States Department of Health and Human Services (HHS) in 2016, approximately 11.5 million Americans misuse prescription medicines, while 948,000 people use heroin. According to the National Institute on Drug Abuse, about 115 persons die in the United States every day as a result of opioid overdosing in 2018. According to the same source, opioid overdoses in the United States climbed by 30% in 52 locations across 45 states between July 2016 and September 2017.

Comments

Post a Comment

Popular posts from this blog

Endometrial Ablation Market Analysis, Industry Scope, Global Opportunity Analysis and Forecast Till 2027

-
Image
Endometrial Ablation Market Endometrial ablation is a procedure used to treat abnormally high uterine bleeding that cannot be managed by medicine by facilitating the destruction of the endometrium, a thin layer of the uterine wall. According to the American College of Obstetrics and Gynecology, Endometrial Ablation Market is not indicated for women who have endometrial diseases, endometrial hyperplasia, uterine cancer, a recent pregnancy, and specific uterine infections (ACOG). There are various endometrial ablation procedures available, including radiofrequency, heated fluid, heated balloon, electrosurgery, freezing, and microwave ablation techniques, depending on the technique and kind of patient being treated. The easy access to recently developed sophisticated ablation technology, convenience of use, shorter treatment times, and outpatient facilities, North America dominates the Endometrial Ablation Market . Endometrial ablation devices would see a sharp rise in global adoption d...
Read more

Intravenous Fluid Therapy is the Fastest Growing Segment Fueling the Growth of Intravenous Solutions Market

-
Image
Intravenous Solutions Market The global Intravenous Solutions Market is estimated to be valued at US$ 577,228 bn or Million in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Intravenous solutions are fluids administered through a vein via a needle or catheter. They are often used to provide essential nutrients, medications, or fluids to patients. Common uses include rehydration, correcting electrolyte imbalances, and ensuring nutrition is delivered for patients who cannot eat or absorb nutrients through the digestive system. Market key trends: One of the major trends in the intravenous solutions market is the increasing use of intravenous fluid therapy. Intravenous fluid therapy involves the administration of aqueous solutions containing electrolytes, sugars, and medications through an intravenous catheter. It is widely used for rehydration, maintenance of f...
Read more

Artificial Intelligence And Machine Learning Are Fueling Growth Of Assessment Services Market

-
Image
Assessment Services Market The global Assessment Services Market is estimated to be valued at US$ 14.83 Bn in 2022 and is expected to exhibit a CAGR of 9.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Assessment services help companies evaluate candidates for recruitment based on attributes like critical thinking, decision making, problem solving etc. Employers use these tools to hire best talent aligned with organizational goals and culture. Services include cognitive ability tests, personality tests, situational judgement tests, remote proctoring and AI powered video interviews. Market key trends: The growing adoption of data-driven talent selection strategies coupled with developments in AI and machine learning is driving demand for assessment services. Use of algorithms and neural networks powered by big data helps analyze candidate attributes and person-organization fit more objectively. Virtual asses...
Read more