Award winning market research firm Fact.MR projects the global benzodiazepine drugs market to expand gradually, registering moderate growth through 2021.
Heightening demand for quality branded drugs to widen growth frontiers, albeit at low value projections in the future.
Award winning market research firm Fact.MR projects the global benzodiazepine drugs market to expand gradually, registering moderate growth through 2021. Analysis predicts the landscape to experience a modest yet positive expansion trajectory in the next 10 years as anxiety levels peak amid heightened stress levels across all countries.
The United States is expected to remain a key growth stimulator. According to the National Center for Health Statistics, approximately 66 million benzodiazepine prescriptions are written by doctors annually across the US, thus prompting manufacturers to adopt a slew of intricate drug formulations to dole out highly effective doses of different categories of drugs. Fact.MR thus projects heightened investments across the region.
In addition, a robust pharmaceutical industry has rendered India a potential cash cow for the benzodiazepine drugs market in recent years. Globally, India accounts for one-fifth of generic medicines exports while 21% of revenue generation happens from the patented drugs segment. Naturally, manufacturers are scrambling to acquire lucrative revenue shares across the country, thus widening development prospects across the South Asian market.
“Stringent regulatory frameworks to prevent overdose across developed regions are prompting manufacturers to foray into emerging economies, mostly across the Asia-Pacific, leading to substantial expansion opportunities across these regions and shifting the revenue landscape,” comments the Fact.MR analyst.
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Key Takeaways from Fact.MR’s Benzodiazepine Drugs Report
- Short acting benzodiazepine drugs to account for over seven out of ten sales in the wake of faster throughput results
- Heightened stress levels amongst individuals due to sedentary lifestyle prevalence to enhance anti-anxiety applications
- By distribution channel, hospital pharmacies are likely to remain dominant, attributed to clampdown on illicit OTC drug exchanges
- Alprazolam benzodiazepine drugs to account for maximum sales across the forecast period
- U.K to generate over a fifth of the total benzodiazepine drugs revenue in the long-run
- Japan to gain high ground amid introduction of designer benzodiazepine formulations
- South Korea to be an attractive hotspot, given the high prevalence rate of insomnia amongst the geriatric population
Benzodiazepine Drugs- Prominent Drivers
- High prevalence of insomnia and anxiety disorders due to sedentary lifestyles to widen the berth for benzodiazepine drugs sales
- Opportunities abound in the generic and branded drugs categories
Benzodiazepine Drugs- Key Restraints
- Heightened abuse and overdose is compelling governments across developed regions to restrict OTC sales, thus hindering growth prospects
Discover more about the global benzodiazepine market with 93 figures and 30 data tables, along with the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/4432/benzodiazepine-drugs-market
Competitive Landscape
Prominent benzodiazepine drug manufacturers profiled in Fact.MR’s report include Pfizer Inc., Aurobindo Pharma, Apotex Inc., Sun Pharmaceutical Industries Ltd., Amneal Pharmaceuticals Ltd., F. Hoffman La-Roche Ltd., Valeant Pharmaceuticals International Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., and H. Lundbeck A/S. The aforementioned players operate in a highly competitive environment, compelling them to adopt a slew of expansion strategies.
For instance, pharmaceutical giant Pfizer Inc. has announced a major revamp in its biotechnology innovation segment through the Pfizer Breakthrough Growth Initiative (PBGI). Through this, the company plans to invest upto US$ 500 million in biotechnology companies to ensure continuity of clinical development programs. This is expected to provide a major boost to benzodiazepine drug development initiatives as well.
Also, in January 2021, Amneal Pharmaceuticals announced the complete acquisition of Kashiv Specialty Pharmaceuticals, part and parcel of Amneal’s 2.0 growth strategy. Additionally, this transaction is expected to enhance its R&D expertise for developing complex generic products and innovative drug delivery technologies.
More Insights on Fact.MR’s Benzodiazepine Drugs Market
In the report by Fact.MR, we offer an unbiased analysis of the global benzodiazepine drugs market. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of distribution channel (hospital pharmacies, retail pharmacies and others), time of action (ultra-short acting, short acting & long acting), application (anxiety, seizures, insomnia, alcohol withdrawal & others) and product (alprazolam, clonazepam, diazepam, lorazepam & others) across five key regions.
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