Benzodiazepine Market Information, By Applications
(anxiety, insomnia, agitation, seizures, muscle spasms, alcohol withdrawal
symptoms), By time of action (Long acting, Short acting), - Forecast Till 2022
Global
Benzodiazepine market:
The
Global Benzodiazepine Market has been evaluated as a slowly growing market and
it is expected that the market will reflect sluggish growth figures in future.
The global Benzodiazepine market is expected to grow with CAGR of ~ 1.5% to 2.3 % during the forecast period.
The major participants of this
market are: AstraZeneca plc, Eli Lilly and Company, GlaxoSmithKline
plc, Pfizer, Inc., Sanofi S.A. and Merck & Co., Inc.
Market Highlights
Benzodiazepines
(BZD) are a class of psychoactive drugs with sedative, hypnotic
(sleep-inducing), anti-anxiety, anticonvulsant, and muscle relaxant properties.
Benzodiazepines (BZD) are useful in treating anxiety, insomnia, agitation,
seizures, muscle spasms and alcohol withdrawal.
The sale of Benzodiazepine has
been declining due to their addictive side effects and the rise of alternate
drugs such as selective serotonin reuptake inhibitors. However the last few
years have witnessed a moderate rise in the sale of Benzodiazepines. The lack
of efficacy and slow onset of action of selective serotonin reuptake inhibitors
along with the fear of falling back on first generation anti-psychotic
(barbiturate class) drugs have negated any market moves against
Benzodiazepines. Development of short acting Benzodiazepines is an additional
advantage in favour of barbiturates.
Some more restraints hampering
the market growth are highly competitive and segmented market and a shift
towards non-pharmacological therapies.
Regional Analysis:
Depending
on geographic region, Benzodiazepine market is segmented into four key regions:
Americas, Europe, Asia Pacific, and Middle East & Africa. Globally
developed countries led by North America is the largest market for Benzodiazepines.
Europe is the second-largest market for Benzodiazepines. Asia pacific region is
expected to be fastest growing region in Benzodiazepine market due to
increasing spending on healthcare infrastructure.
Segmentation:
Global
Benzodiazepines market has been segmented on the basis of application which
comprises of disposable, reusable and others. On the basis of application;
market is segmented into anxiety, insomnia, agitation, seizures, muscle spasms
and alcohol withdrawal and as anaesthesia supplements. On the basis of time of
action; market is segmented into long acting and short acting Benzodiazepines.
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