Global benzodiazepine drugs market has been witnessing significant growth due to rising prevalence of anxiety and sleep disorders across major countries. Benzodiazepines are a class of psychoactive drugs that are prescribed to treat conditions such as insomnia, anxiety, agitation, seizures, panic attacks and muscle spasms by their effect on the central nervous system. These act as central nervous system depressants, reducing abnormal excitement in the brain, while inducing sedation. Benzodiazepines enhance the effect of the GABAA receptors, which are responsible to regulating aspects of sleep, anxiety and muscle tension. Moreover, benzodiazepines are widely prescribed for short term management of anxiety and sleep disorders along with symptomatic relief of alcohol withdrawal.
Market Dynamics:
Growing prevalence of conditions like generalized anxiety disorder and insomnia due to changing lifestyle and increasing stress levels is expected to boost demand for benzodiazepine drugs globally. According to the report published by WHO, around 264 million people suffer from depression and anxiety worldwide. More than 38% of Americans had experience symptoms of anxiety, according to the Anxiety and Depression Association of America. Increasing adoption of benzodiazepines to manage symptoms of mental health issues can drive the global benzodiazepine drugs market growth. However, factors such as concerns regarding side effects associated with long term use of benzodiazepines including drowsiness, dizziness, and impaired coordination and memory can pose a challenge for market players. Moreover, availability of alternative treatments can hamper the market growth over the forecast period. Meanwhile, advancements in drug development to introduce safer variants of benzodiazepines with fewer side effects present significant opportunities for the market growth in the near future.
Key Features of the Study:
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