Diazepam Market To Reach USD 1.31 Billion By 2027
The growing prevalence of common mental disorders, such as insomnia, anxiety disorders, and alcohol withdrawal cases, is propelling industry growth.
Market Size – USD 1.01 billion in 2019 Market Growth - CAGR of 3.4 %, Market Trends–increasing investments directed towards new product development and advanced drug delivery techniques.
According to a new report by Reports and Data, the Global Diazepam Market size is forecast to cross USD 1.31 Billion in terms of remunerations, from USD 1.01 Billion in 2019, exhibiting a CAGR of 3.4% over the forecast period. The market growth is driven by the rising incidence of alcohol addiction cases, anxiety disorders, and the availability of FDA approved drugs.
Diazepam belongs to a class of medications called CNS (central nervous system) depressants that are used to calm or slow down the nervous system. The medications find extensive applications in managing alcohol withdrawal, anxiety disorders, muscle spasms, insomnia, and other several other nervous system associated illnesses. It is also used in cases of panic disorders and as preoperative sedation as well as light anesthesia.
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Anxiety is becoming one of the most common mental problems across the globe. A North American survey on mental disorders revealed that 1 in 5 Americans has an undiagnosed anxiety disorder. Anxiety and psychotic disorder are becoming common due to work stress, social media, and social gatherings. This, in turn, is fuelling the growth of diazepam market.
Several clinical trials are ongoing for testing the effects of diazepam on various disorders, high tone pelvic floor dysfunction in women, acute agitation, and behavioral emergency. Also, efficacy and safety levels of the drug are also being tested for the treatment of Epilepsies, both partial and complex partial. A rise in the number of clinical trials of diazepam, such as alcohol withdrawal using diazepam injectable solution, epilepsy-associated sicknesses, for treatment of febrile seizures, molar surgeries, for lower back pain, infertility-related disorders, and others may foster diazepam market size through 2027.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/diazepam-market
Further key findings from the report suggest
- Increased reliability, improved results, and reduced costs of diazepam drugs have led to several clinical developments, and hence, industry growth.
- Based on form, the rectal gel segment is forecast to exhibit a growth rate of 3.3% over the analysis period due to FDA approvals and product efficacy.
- The oral solution segment is estimated to register a growth rate of 2.9 % over the analysis period.
- Tablet form remains the chief revenue-generating segment for the diazepam industry.
- Key applications of diazepam contributing to the market growth include drug prescription for mental disorders including anxiety, depression, insomnia, for alcohol withdrawal symptoms, use of diazepam as a light anesthetic, drug usage by veterinarians on dogs for muscle relaxation and to treat seizures.
- In the regional landscape, North America contributed to a significant revenue share of USD 376.4 million in 2018 and is likely to register major gains through 2027. The regional growth can be attributed to a plethora of factors, including the presence of key market players, availability of state-of-art medications, sufficient research funds from public & private sources, general awareness regarding mental disorders, growing focus on precision medicine, favorable reimbursements for mental disorder-based medications, and others.
- Asia Pacific is expected to remain the highest growing segment and is expected to register a CAGR of 3.8% through 2027, owing to increased medical innovations and funding provided by private and government and organizations.
- Key players in the global diazepam market are Pfizer, Mylan, F.Hoffmann-La Roche, Teva Pharmaceutical Industries, Merck KGaA, Roche, Sun Pharmaceutical Industries, AbbVie, Bausch Health, Vintage Pharms., and Mayne Pharma, among others.
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For the purpose of this report, Reports and Data has segmented the Global Diazepam market on the basis of form of medication, application, end-user, and region:
Form of Medication Outlook (Revenue in Million USD; 2017–2027)
- Oral Solution
- Rectal Gel
- Injection
- Tablet
- 2 mg
- 5 mg
- 10mg
Application Outlook (Revenue in Million USD; 2017–2027)
- Anxiety Disorders
- Alcohol Withdrawal
- Muscle Spasms
- Seizures
- Sedation
- Insomnia
End User Outlook (Revenue in Million USD; 2017–2027)
- Geriatric
- Pediatric
- Adults
Regional Outlook (Revenue in Million USD; 2017–2027)
- North America
- S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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