U.S. Naloxone Drug Delivery Segment is the largest segment driving the growth of U.S. Naloxone Market
SWOT Analysis
Strengths: Rising government support for naloxone distribution programs and expanding availability of naloxone products OTC or via standing order.
Weaknesses: Limited awareness in rural areas and socio-economic barriers to access treatment.
Opportunities: Emerging intranasal naloxone products and opioid overdose prevention initiatives. Growing number of public locations stocked with naloxone.
Threats: Potential over-reliance on naloxone rescue instead of push for evidence-based prevention and treatment programs. Expiry of naloxone patents leading to price drops.
Key Takeaways
Global U.S. Naloxone Market Size was valued at US$ 1532.55 Mn in 2023 and is expected to reach US$ 2745.87 Mn by 2030, expanding at a CAGR of 10% from 2023 to 2030. Growing government support for expanding access to naloxone across community and healthcare settings along with rising public awareness initiatives are promoting the uptake of naloxone products in the country. At the regional level, Western and Southern U.S. have emerged as the largest markets, given their high burden of opioid overdose deaths.
Regional analysis:
Western and Southern regions dominate the U.S. naloxone market owing to higher prevalence of opioid abuse and related overdose deaths witnessed in states like California, Texas, Florida etc. These regions collectively accounted for over 55% market share in 2023. Northeast region is expected to witness fastest gains owing to initiatives encouraging naloxone prescribing and widening distribution programs in high risk populations.
Key players:
Key players operating in the U.S. Naloxone market are Mylan N.V., Novartis AG, Indivior Plc., ADAPT Pharma, Inc., Amphastar Pharmaceuticals, Inc., INSYS Therapeutics, Inc., Mundipharma International Limited, Kaleo, Inc., Â Kern Pharma, S.L., Samarth Life Sciences Pvt. Ltd., Opiant Pharmaceuticals
Read More- https://makuv.com/rapid-increase-in-opioid-abuse-rates-to-drive-growth-of-the-u-s-naloxone-market/
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