Worldwide Market Reports added Latest Research Report titled “Global Naloxone Market by Manufacturers, Regions, Product Type and Application, Forecast up to 2026” to its Large Report database.
Naloxone, also referred to as Narcan, is an opioid antagonist that is widely used to reverse opioid overdose completely or partially. Opioid overdose generally causes respiratory depression among people, thus naloxone is used to reverse this adverse effect. Narcan is used for blood pressure support in septic shock.
Increasing prevalence of chronic disease such as cancer, rheumatoid arthritis, and chronic pain is increasing the demand for opioids and opioid prescriptions. However, this being an over-the-counter drug, is generally abused by several patients. Thus, over dosage of opioids causes side effects such as sedation, dizziness, nausea, vomiting, constipation, physical dependence, tolerance, and respiratory depression. This in turn, increases the demand for an opioid antagonist. Thus, the market for naloxone is gaining significant traction.
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Several generic forms are available globally, thus the drug is easily assessable to a wide range of patients, this coupled with increasing awareness of the drug, is increasing the demand for naloxone. This in turn, is responsible for augmented growth of the naloxone market size.
Naloxone, is widely used to reverse effects of narcotic drugs used during surgeries. Growing number of surgeries, requiring administration of narcotics to reduce pain during the process is increasing the demand for naloxone, which in turn, is boosting growth of the naloxone market.
Furthermore, naloxone is increasingly being adopted to diagnose narcotic drug addiction. Increasing prevalence of addiction to narcotics globally, is in turn, increasing the demand for naloxone, further driving growth of the naloxone market.
However, Narcan is being made available as an over-the-counter drug in over 46 states in the U.S. This allows for easy availability of naloxone, in turn, boosting market growth.
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Amphastar Pharmaceuticals is a U.S.-based speciality pharmaceutical company involved in the development, manufacturing, and sales of inhalation and intranasal products. The company develops Naloxone HCl Injection, 2mg/2mL, which is indicated for the complete or partial reversal of narcotic depression and diagnosis of suspected acute opioid overdose. They provide 2 types of prefilled syringes for convenient, safe, and quick intravenous, intramuscular, and subcutaneous administration. Needleless Luer Jet Prefilled Syringe is a completely needleless syringe, provided in Luer Lock syringe, complies with OSHA’s Needlestick Safety and Prevention Act. It is also compatible with most Luer Activated Systems (includes ICU Medical Clave® Valve) and is Min-I-Jet Prefilled syringe with 21 Gauge and 1 ½” fixed Needle.
Purdue Pharma Canada, a privately held maker of OxyContin, is developing its own version of naloxone and hoping to market it in Canada. KL-00514 (Naloxone Buccal Film) is designed for use in non-healthcare settings by laypersons to rescue patients experiencing life-threatening effects of an accidental or intentional opioid overdose while awaiting emergency medical attention.
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