Naloxone Market to Surpass US$ 884.8 Mn Threshold by 2026

Published On : Aug 30, 2018

Global Naloxone Market, by Strength (0.4 mg/ml, 1mg/ml, 0.4mg/0.4ml, and 4mg/0.1ml and Others), by Route of Administration (Intranasal, Intramuscular/Subcutaneous, and Intravenous), by Distribution Channel (Hospitals, Clinics, Retail Pharmacies, Online Pharmacies, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa)  was valued at US$ 310.2 Mn in 2017, and is projected to exhibit a CAGR of 11.4% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights. Increasing launches of new naloxone products in market is expected to be one of the major drivers fueling the global naloxone market growth in the near future.

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.

Browse 47 Market Data Tables and 33 Figures spread through 199 Pages and in-depth TOC on Naloxone Market, by Strength (0.4 mg/ml, 1mg/ml, 0.4mg/0.4ml, and 4mg/0.1ml and Others), by Route of Administration (Intranasal, Intramuscular/Subcutaneous, and Intravenous), by Distribution Channel (Hospitals, Clinics, Retail Pharmacies, Online Pharmacies, and Others),  and Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) - Global Forecast to 2026

To know the latest trends and insights prevalent in the Naloxone Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/naloxone-market-1804

Increasing prevalence of opioid overdosing in key countries such as the U.S. and Canada is expected to increase demand for naloxone and significantly drive global naloxone market’s growth over the forecast period. For instance, according to data published by Centers for Disease Control and Prevention (CDC) in 2018, in the U.S. over 630,000 people died from a drug overdose from 1999 to 2016, and in 2016 around 66% of the 63,600 drug overdose deaths involved an opioid. Furthermore, according to the same source in 2016 the number of deaths involving opioids overdose (which include prescription opioids, heroin, and fentanyl) was five times higher than that in 1999.

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.

Key Takeaways of the Naloxone Market:

  • The global naloxone market is expected to exhibit a CAGR of 11.4% over the forecast period (2018 – 2026), owing to frequent product launches, approval, and robust pipeline of novel biopharmaceutical products
  • North America held the dominant position in the global naloxone market and is expected to retain its dominance over the forecast period (2018 – 2026). This is due to the high rates of opioid overdose and due to presence of novel naloxone products such as Nacran nasal spray in the region. For instance, in February, Adapt Pharma Inc., launched Narcan nasal spray 4mg commercially in the U.S. market.
  • Europe is expected to witness significant growth over the forecast period due to increasing launches of new naloxone by key players in the region. For instance, in July 2017,, Indivior Inc., a subsidiary of Indivior Plc., received marketing authorization (MA) from the French Regulatory Agency ANSM for its new Nalscue naloxone hydrochloride nasal spray, indicated for emergency treatment of characterized or suspected opioid overdose, in France.
  • Furthermore, initiatives taken by manufacturers with regulatory bodies to increase access for naloxone products in case of emergency is also expected to have a positive impact on global naloxone market’s growth. For instance, in 2017, 47 states and Washington, DC in the U.S. have expanded access to naloxone through legislation that permits prescriptions to people who are likely to encounter someone who might take drug overdose.
  • Major players operating in the Naloxone Market include Mylan N.V., Novartis AG, Indivior Plc., ADAPT Pharma, Inc., Amphastar Pharmaceuticals, Inc., INSYS Therapeutics, Inc., Mundipharma International Limited, Kaleo, Inc., and Kern Pharma, S.L.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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