Rising incidences of anxiety disorders, insomnia, alcohol addiction, increasing investments on research development, new product launches, increasing awareness for its safe application and various ongoing clinical trials are key factors contributing to high CAGR of Diazepam market during the forecast period.
According to the current analysis of Reports and Data, the global Diazepam market was valued at USD 982.8 million in 2018 and is expected to reach USD 1.27 billion by the year 2026, at a CAGR of 3.4%. Diazepam is utilized to calm indications of anxiety and alcohol withdrawal. This medication is likewise utilized to treat certain seizure problems and help loosen up muscles or ease muscle spasm. It is a benzodiazepine, which is from the class of medications known as central nervous system (CNS) depressants, which are used for the purpose of slowing down the nervous system. However this medication is strictly available only at doctor’s prescription. It has applications in the management of anxiety disorders, alcohol withdrawal, muscle spasms (relaxant), insomnia, and other nervous system associated illnesses. It is also used for healing panic disorders, or as preoperative sedation and light anesthesia. Several clinical trials has been conducted to evaluate its potency efficacy in pediatric, adult and geriatric population. The rising prevalence of anxiety disorder, insomnia, psychotic disorders and over consumption of alcohol are the primary factors that trigger the growth of this medication industry. However the increasing drug abuse incidences, stringent regulatory scenarios due to its tendency of people getting addictions and the side effects of diazepam will hamper the growth of diazepam market.
The most commonly used brand of diazepam is valium, which has received FDA approval for two formulations, 5mg/ml injection and 2, 5 and 10mg tablets. There are several other clinical trials of diazepam ongoing such as, for alcohol withdrawal using diazepam injectable solution, for treatment of febrile seizures, for low back pain, epilepsy associated sicknesses, and for some other illnesses associated with infertility, molar surgeries among others.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Pfizer, F.Hoffmann-La Roche, Mylan, Teva Pharmaceutical Industries, Roche, Merck KGaA, Sun Pharmaceutical Industries, Bausch Health, AbbVie, Mayne Pharma, and Vintage Pharms.
The Diazepam market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
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Segments Covered in the report
Form of Medication Outlook (Revenue in Million USD; 2016–2026)
- Oral Solution
- Rectal Gel
- 2 mg
- 5 mg
Application Outlook (Revenue in Million USD; 2016–2026)
- Anxiety Disorders
- Alcohol Withdrawal
- Muscle Spasms
End User Outlook (Revenue in Million USD; 2016–2026)
Key Regions Analyzed in the Report include:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Furthermore, it consists information about individual segment of the Diazepam market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Further key findings from the report suggest
- The rectal gel type segment of form of medication is expected to grow with a CAGR of 3.3% during the forecast period. Tablets remains the chief revenue generating segment in global Diazepam market.
- Prescription for mental disorders including depression, anxiety, insomnia, use of diazepam as a light anesthetic, use of diazepam by veterinarians on dogs to treat seizures, muscle relaxation and most importantly alcohol withdrawal, are among the key applications of diazepam contributing to the market growth.
- Diazepam may have some habit forming tendency in the body, hence is strictly suggested to take only as per the prescription of doctor. For muscle spasm, it is suggested to take 2-10 mg 3 or 4 times a day in adults. While in older adults it is prescribed generally to be taken between 2 to 2.5 mg strength, 1 or 2 times a day. The dose can be increased or decreased as well by the doctor as per the patient responds to the drug. In children above the age of 6 months a dose of 1 to 2.5 mg, 3 or 4 times per day is suggested.
- Numerous clinical trials are ongoing in its final stages to test the effects of diazepam on disorders other than currently known in the medical industry, such as for treating females patients with high tone pelvic floor dysfunction, behavioral emergency and acute agitation, efficacy and safety levels while using to treat Epilepsies, both partial and complex partial.
- Reduced costs and increased reliability of diazepam drugs has allowed this industry to flourish for research applications as well as healthcare applications such as clinical developments, and more improved products.
- North America remains the key revenue generating geographical segment in Diazepam market. The geographical segment accounted for USD 376.4 million in 2018. Availability of research funds from public as well as private sources, availability of awareness about mental disorders, state-of-art medications, presence of key market players in the region, favorable reimbursements for mental disorder based medications, rising focus on precision medicine, and rising awareness about alcohol withdrawal treatment and medications, are among the key factors driving the market growth for Diazepam in this region.
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