Global Naloxone Spray Market Overview And Prospects
Learn about the global naloxone spray market through The Business Research Company, which provides information on naloxone spray market size, naloxone spray market drivers and restraints, naloxone spray market players, the COVID-19 impact on the naloxone spray market, and more.
The global naloxone spray market is expected to grow from $285.09 million in 2020 to $351.39 million in 2021 at a compound annual growth rate (CAGR) of 23.3%. The change in growth trend of the naloxone spray market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The naloxone spray market is expected to reach $785.35 million in 2025 at a CAGR of 22.3%.
The increasing prevalence of opioid overdoses are expected to drive naloxone spray manufacturing, thus driving the market during the forecast period.
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The naloxone spray market consists of sales of naloxone spray by entities (organizations, sole traders, and partnerships) – the product is prefilled with naloxone, and a needle-free device is sprayed into one nostril, and it requires no assembly. It is used for treating opioid emergencies with symptoms such as problems with breathing and severe sleepiness or inability to respond. Naloxone is a non-scheduled prescription drug which belongs to the class of medications called opiate antagonists, and is used to reverse or prevent the effects of opioid narcotic overdose for drugs such as codeine, fentanyl, morphine, and oxycodone. Naloxone comes as a solution (liquid) to spray into the nose and each naloxone nasal spray contains a single dose of naloxone and should be used only once.
Global naloxone spray market segments include:
By Dosage: 2 mg/Actuation, 4 mg/Actuation
By Distribution Channel: Hospitals, Clinics, Retail Pharmacies, Online Pharmacies, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the naloxone spray market in 2020
The increase in product approvals is shaping the naloxone spray market. Major companies manufacturing naloxone sprays are focused on new product approvals to broaden their product portfolios and expand their naloxone spray business.
TBRC’s naloxone spray market report covers:
Major Market Players: Emergent BioSolutions, Pfizer, Teva Pharmaceutical Industries Ltd., Opiant Pharmaceuticals, Hikma Pharmaceuticals, Nasus Pharma, Amphastar Pharmaceuticals, Indivior PLC, Samarth Pharma Pvt. Ltd., Troikaa Pharmaceuticals Ltd., and Neon Laboratories Limited.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Naloxone Spray Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides naloxone spray market overviews, analyzes and forecasts market size, share, naloxone spray market players, naloxone spray market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s naloxone spray market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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