U.S. naloxone market growth is driven by ongoing opioid crisis. Naloxone is an opioid antagonist that is used for the complete or partial reversal of opioid overdose, including reversal of respiratory depression, sedation, and hypotension. It works by blocking or reversing the effects of opioids by binding to the opioid receptors. With the exponential rise in opioid overdoses and deaths involving prescription pain medications and heroin in the U.S., naloxone play an important role in reducing mortality caused by opioid overdose events. Its wide availability in both pharmacy and non-prescription settings has improved accessibility. The CDC recommends co-prescribing of Naloxone with prescription opioids in high-risk cases to prevent overdose deaths.
Market Dynamics:
U.S. naloxone market growth is driven by growing opioid epidemic w that results in a large number of opioid overdose deaths over the past few decades. Increasing prevalence of prescription pain reliever and heroin abuse also drives the market growth. However, pricing pressures and lower brand name drug revenues amid generic competition can hamper the market growth. Higher accessibility of Naloxone formulations like intranasal spray and auto-injectors as well as collaborations to expand access can offer significant growth opportunities. Initiatives by state and federal agencies to promote naloxone co-prescription and wider distribution through community programs can also drive the market growth.
Key Features of the Study:
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