The opioid overdose treatment market provides promising
treatment solutions to combat the growing problem of opioid addiction.
Naloxone-based overdose reversal drugs are most commonly used to temporarily
reverse the effects of opioid overdose including extreme drowsiness, slowed
breathing, or loss of consciousness. Other marketed products include
buprenorphine and methadone used for medication-assisted treatment of opioid
use disorder. The market has seen steady demand with rising rates of
prescription and illegal opioid abuse. According to the UN, around 275 million
people globally use drugs, with over 35 million suffering from substance use
disorders. The economic burden of the opioid crisis on the healthcare system
has also fueled further investments in effective treatment and prevention
measures.
The Global Opioid
Overdose Treatment Market is estimated to be valued at US$ 2.5 Billion in
2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to
2031.
Key Takeaways
Key players operating in the opioid overdose treatment market are Kaleo, Adapt
Pharma, INSYS Therapeutics, Reviva Pharmaceuticals, Amphastar Pharmaceuticals,
and ADAPT Pharma.
The growing demand for opioid overdose treatment drugs can be attributed to
increasing rates of opioid abuse globally. According to the WHO, nearly 6% of
the global population consumes opioids resulting in significant health and
economic consequences every year. The easy availability of synthetic opioids
like fentanyl has further contributed to rising overdose deaths.
Technological developments include the availability of naloxone in intranasal
and auto-injector formulations, making emergency administration easier for
laypeople. Other innovative pipeline drugs aim to provide convenient treatment
options to combat the addiction as well as overdose crisis more effectively.
Market Trends
Growing preference for at-home treatment: The COVID-19 pandemic has accelerated
the demand for self-administered overdose treatment options that can be
conveniently used outside of medical facilities. This is helping drive the
adoption of intranasal naloxone and wearable/injectable forms for first
responders or family members.
Increasing focus on medication-assisted
treatment: With opioid substitution therapy medications like buprenorphine
and methadone proving effective in reducing relapse and overdose risk, there is
rising recognition of MAT as the standard of care for opioid addiction
globally. Novel MAT drug delivery systems and combinations are being developed
and tested.
Market Opportunities
Growing demand in developing regions: Emerging markets in Asia Pacific and
Latin America are witnessing a surge in intravenous prescription opioid and
heroin abuse against the lack of sufficient treatment infrastructure. This
presents significant growth opportunities for players to introduce affordable
and accessible treatment solutions.
Combination therapy drugs: Given the
complexity of opioid addiction, a multi-pronged treatment approach targeting
different pathophysiological aspects is needed. Companies are exploring
development of MAT drugs with embedded overdose reversal capabilities or
psychological intervention support. This could capture the unmet need for
enhanced patient outcomes.
Impact of COVID-19 on Opioid Overdose
Treatment Market Growth
The COVID-19 pandemic has negatively impacted the Opioid Overdose Treatment
market. During the pandemic, lockdowns and social distancing measures hampered
access to treatment facilities and interrupted therapies for opioid overdose
patients. However, some treatments continued virtually via telehealth. With
rising unemployment and stress levels during the pandemic, opioid misuse also increased
which led to growing overdose cases. This created more demand for naloxone and
other drugs to treat overdoses.
In the pre-COVID period, the market was growing steadily owing to rising abuse
of prescription and illicit opioids like heroin. Many new therapies were also
being approved which supported market expansion. However, during the pandemic,
supply chain disruptions disrupted manufacturing and distribution of opioid
overdose drugs globally. This created shortages and price increases of critical
drugs like naloxone used in emergency treatment of overdoses.
As lockdowns ease now, the market is recovering again. Telehealth is playing a
bigger role in continuing treatments. More investments are also being made by
governments and non-profits to expand access to overdose reversal drugs.
Companies are focusing on improving supply resilience. Overall, COVID-19 has
highlighted the urgency to boost prevention and expand access to life-saving
overdose therapies worldwide.
Geographical Regions with Highest Opioid
Overdose Treatment Market Value
North America accounts for the largest share of the global opioid overdose
treatment market in terms of value. This is due to the severe opioid crisis
affecting the US. States like Ohio, Pennsylvania, Massachusetts and New
Hampshire have witnessed explosive growth in opioid overdose deaths in recent
years. As a result, there is huge demand for naloxone and other new therapies
to reverse overdoses in the region.
South East Asia Pacific is poised to be the fastest growing region for the
opioid overdose treatment market during the forecast period. This is attributed
to growing non-medical use of prescription opioids and increasing availability
of heroin in populous countries like India, China, Indonesia and Australia. With
rising overdose rates across South East Asia, governments and healthcare
systems are bolstering access to treatment modalities.
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What
Are The Key Data Covered In This Opioid Overdose Treatment
Market Report?
:- Market
CAGR throughout the predicted period
:- Comprehensive
information on the aspects that will drive the Opioid Overdose Treatment's
growth between 2024 and 2031.
:- Accurate
calculation of the size of the Opioid Overdose Treatment and its contribution
to the market, with emphasis on the parent market
:- Realistic
forecasts of future trends and changes in consumer behaviour
:- Opioid
Overdose Treatment Industry Growth in North America, APAC, Europe, South
America, the Middle East, and Africa
:- A
complete examination of the market's competitive landscape, as well as
extensive information on vendors
:- Detailed
examination of the factors that will impede the expansion of Opioid Overdose
Treatment vendors
About Author:
Ravina Pandya, Content Writer, has a strong foothold
in the market research industry. She specializes in writing well-researched
articles from different industries, including food and beverages, information
and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
*Note:
1. Source:
Coherent Market Insights, Public sources, Desk research
2. We
have leveraged AI tools to mine information and compile it
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