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Global Naloxone Spray Market Is Expected To Grow At A Significant Rate Of Nearly 23% During The Forecast Period Of 2023-2032 || Emergent BioSolutions, Pfizer, Teva Pharmaceutical Industries Ltd., Opiant Pharmaceuticals
Naloxone Spray Market
Naloxone Spray Market Size, Growth Rate, And Forecast
The global naloxone spray market size grew from $433.66 million in 2022 to $531.58 million in 2023 at a compound annual growth rate (CAGR) of 22.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The naloxone spray market size is expected to grow to $1221.6 million in 2027 at a CAGR of 23.1%.
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Naloxone Spray Market Drivers
The increase in the prevalence of opioid overdoses is contributing to the growth of the naloxone spray market. Opioids include medicines such as morphine, fentanyl and are used for the treatment of pain. However, due to their pharmacological effects, their non-medical use, prolonged use, misuse, and use without medical supervision can lead to opioid dependence, cause breathing difficulties, or even lead to death or other health problems. For instance, in February 2021, according to a report published by the Centers for Disease Control and Prevention (CDC), opioids were involved in 49,860 overdose deaths (or 70.6% of all drug overdose deaths). Therefore, the increasing prevalence of opioid overdoses drives the growth of the naloxone spray market.
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Naloxone Spray Market Segments
• By Dosage: 2 mg/Actuation, 4 mg/Actuation
• By Distribution Channel: Hospitals, Clinics, Retail Pharmacies, Online Pharmacies, Other distribution channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the naloxone spray market.
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Naloxone Spray Market Key Players
Major competitors in the naloxone spray market are Emergent BioSolutions, Pfizer, Teva Pharmaceutical Industries Ltd., Opiant Pharmaceuticals, Hikma Pharmaceuticals, Nasus Pharma, Amphastar Pharmaceuticals, Indivior PLC.
The Business Research Company's "Global Naloxone Spray Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Naloxone Spray Market Include:
1. Executive Summary
2. Naloxone Spray Market Characteristics
3. Naloxone Spray Market Trends And Strategies
4. Naloxone Spray Market - Macro Economic Scenario
5. Naloxone Spray Market Size And Growth
………………
27. Naloxone Spray Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Naloxone Spray Market
29. Naloxone Spray Market Future Outlook and Potential Analysis
30. Appendix
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