April 20, 2024

Naloxone Segment is the largest segment driving the growth of U.S. Naloxone Market

Naloxone is an opioid antagonist used to counter the effects of opioid overdose. Naloxone is widely used to reverse the effects of overdoses of various opioids including heroin, morphine, oxycodone, hydrocodone and others. It works by displacing opioids from receptor sites in the brain and reversing respiratory depression by inhibiting the effects of opioids on breathing.

The global U.S. Naloxone Market is estimated to be valued at US$ 1,390.7 Mn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing prevalence of opioid overdose deaths in the US has been a major driving factor for the growth of the naloxone market. According to the recent statistics, there were over 75,673 opioid overdose deaths in the US in 2022. Over the past few years, there has been rising awareness and availability of naloxone for emergency use which has also contributed to the growth of the market. Various government initiatives aimed at expanding public access to naloxone have made the drug more widely available without prescription in pharmacies and other access points in the country. The FDA approval and launch of generic naloxone along with new delivery forms such as auto-injectors and nasal sprays have further expanded access and aided market growth over the forecast period.

SWOT Analysis

Strength: Naloxone is a life-saving medicine approved by FDA for opioid overdose reversal. It effectively saves thousands of lives each year.

Weakness: Administration through injection requires medical assistance which can delay treatment. Nasal spray form of naloxone has overcome this limitation but still has some limitations over injections.

Opportunity: Increasing prevalence of opioid overdoses and deaths represent a major public health crisis. Growing awareness is increasing demand for naloxone products. Government and private insurer coverage for naloxone products also presents an opportunity.

Threats: Patent expirations of branded naloxone products allow competition from cheaper generic versions. Budget constraints of public health programs also threaten market growth.

Key Takeaways

The global U.S. Naloxone market is expected to witness high growth, exhibiting a CAGR of 10% over the forecast period, due to increasing prevalence of opioid overdose cases. According to CDC, there were more than 93,000 drug overdose deaths in the U.S. in 2020, out of which around 70% involved opioids. Growing distribution of naloxone kits and public health programs aimed at increasing access to naloxone are driving market growth.

Regional analysis: North America dominates the naloxone market currently, led by the U.S. The region accounts for over 80% of global market share due to the highest burden of opioid use disorder and overdose deaths. However, Europe is expected to be the fastest growing regional market over the forecast period supported by favorable regulatory framework and reimbursement policies promoting naloxone access across various countries.

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., Kern Pharma, S.L., Samarth Life Sciences Pvt. Ltd., Opiant Pharmaceuticals, Pfizer, Sandoz, and Amneal Pharmaceuticals. Major players are focused on new product launches and expanding manufacturing capacities to strengthen market position.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it