Global Naloxone Market Growing Popularity and Emerging Trends with Major Key Players Experts Mylan N.V., Novartis AG, Indivior Plc., ADAPT Pharma, Inc., Amphastar Pharmaceuticals, Inc., INSYS Therapeutics, Inc., Mundipharma International Limited, Kaleo, I

Favorable reimbursement scenarios for naloxone products is also expected to boost the adoption of products and fuel the global naloxone market growth. For instance, NARCAN nasal spray, a naloxone intranasal spray provided by ADAPT Pharma Inc., has extensive public and private insurance coverage. ADAPT Pharma Inc., entered into an agreement with major Pharmacy Benefits Managers and insurance companies (including Medicaid) to ensure reasonable and affordable costs to the patient. According to ADAPT Pharma Inc.’s official website around 97% of the U.S. insured lives have access to NARCAN Nasal Spray

Furthermore, global naloxone market growth is also expected to rise due to the collective initiatives by government and private organizations for increasing accessibility of naloxone products for emergency treatment opioid overdose. In 2017, 47 states and Washington, DC in the U.S. expanded access to naloxone through legislation that permits prescriptions to people who are likely to encounter someone who might take drug overdose. In 2017, Ontario government provided naloxone kits to police and fire departments to manage emergency case of opioid overdose. Government offered naloxone kits to all 61 police services and 447 fire departments in the Ontario.

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For instance, in November 2015, Adapt Pharma Inc. received the U.S. Food and Drug Administration’s (FDA’s) approval for its Narcan (naloxone HCl) nasal spray 4mg, indicated for emergency treatment of known or suspected opioid overdose. In June 2016, Sandoz Canada, a division of Novartis AG, launched S.O.S. naloxone hydrochloride injection in Canada. In July 2017, Indivior Inc., a subsidiary of Indivior Plc., received marketing authorization (MA) from the French Regulatory Agency, French National Agency for Medicines and Health Products Safety (ANSM), for Nalscue naloxone hydrochloride nasal spray, indicated for emergency treatment of characterized or suspected opioid overdose, in France.

Furthermore, global naloxone market growth is also expected to rise due to the collective initiatives by government and private organizations for increasing accessibility of naloxone products for emergency treatment opioid overdose. In 2017, 47 states and Washington, DC in the U.S. expanded access to naloxone through legislation that permits prescriptions to people who are likely to encounter someone who might take drug overdose. In 2017, Ontario government provided naloxone kits to police and fire departments to manage emergency case of opioid overdose. Government offered naloxone kits to all 61 police services and 447 fire departments in the Ontario.

Increasing launches and approval of new naloxone products in the market is expected to drive the global naloxone market growth over the forecast period. In October, 2016 Health Canada approved Narcan Nasal Spray 4 mg for non-prescription, community use in Canada

Rising prevalence of opioid overdose in key regions such as North America, and Europe is expected to drive demand for naloxone products and drive the naloxone market growth in the near future. For instance, according to the data published by European Monitoring Center for Drugs and Drug Addiction (EMCDDA), in 2016, around 150,943 high-risk opioid users were reported in Germany and around 330,445 were reported in the U.K.

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Furthermore, initiatives by various government and private organizations to increase access of naloxone product among the population is also expected to drive market growth. For instance, in 2015, Kaleo, Inc. partnered with the Clinton Foundation and provided bulk discounts on its EVZIO to various college universities and public safety organizations.

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