Global Alexipharmic Drugs Market Report 2024

The alexipharmic drugs market size has grown strongly in recent years. It will grow from $2.9 billion in 2023 to $3.05 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to the increased prevalence of poisoning cases worldwide, regulatory approvals for new antidote formulations, a rise in awareness about the importance of poison management, improvements in emergency medical services and poison control centers, and the development of novel antidote delivery systems.

The alexipharmic drugs market size is expected to see strong growth in the next few years. It will grow to $3.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to the increasing incidence of drug overdoses and substance abuse, expanding applications of antidotes in various medical specialties, rising demand for fast-acting and potent antidote formulations, growing adoption of antidote kits in home healthcare settings, and healthcare reforms emphasizing poison prevention and management initiatives. Major trends in the forecast period include personalized antidote therapies tailored to individual patient needs, integration of digital health technologies in poison management solutions, increasing use of nanotechnology in antidote formulation and delivery, emphasis on eco-friendly and sustainable antidote manufacturing practices, and the expansion of telemedicine services for poison consultation and management.

The rise in the death rate due to drug overdose is expected to drive the growth of the alexipharmic drugs market in the future. Drug overdose refers to the consumption of a substance beyond the body's tolerance level, often resulting in adverse effects or death. Factors contributing to drug overdose deaths include accessibility to potent substances, socioeconomic disparities, mental health issues, and inadequate access to addiction treatment and harm reduction services. Alexipharmic drugs play a crucial role in reducing the death rate by counteracting the toxic effects of drugs in cases of overdose, thereby preventing or reducing fatalities. For example, in December 2023, the Office for National Statistics, the UK-based executive office of the UK Statistics Authority, reported that in England and Wales, there were 4,907 drug poisoning deaths in 2022 compared to 4,859 in 2021, with nearly half involving opiates (46.1%, 2,261 deaths), while cocaine-related deaths rose by 2% to 857, marking a consecutive annual increase. Therefore, the rise in the death rate due to drug overdose is driving the alexipharmic drugs market.

Major companies operating in the alexipharmic drugs market are focusing on developing advanced solutions, such as the first over-the-counter (OTC) opioid overdose reversal medication, to gain a competitive edge. The first OTC opioid overdose reversal medication refers to a medication available without a prescription that can counteract the effects of opioid overdose, providing life-saving treatment in emergencies. For instance, in August 2023, Emergent BioSolutions, a US-based biopharmaceutical company, announced that NARCAN Naloxone HCl Nasal Spray 4 mg will be available over-the-counter (OTC). This includes its same safe and effective 4 mg formulation, device design, and original prescription strength, offering convenient and easy two-step intranasal administration to reverse opioid effects, including fentanyl. This solution significantly expands access to naloxone, reducing stigma and encouraging public preparedness, thereby empowering more individuals to respond effectively in opioid emergencies, ultimately contributing to saving lives and addressing the opioid crisis in the alexipharmic drugs market.

In March 2021, SERB Pharmaceuticals, a Belgium-based pharmaceutical company, acquired BTG Specialty Pharmaceuticals for $0.80 billion. This acquisition establishes a global leader in critical care medicines, creating a fully integrated specialty pharmaceutical platform with a diversified portfolio, thereby enhancing the availability of life-saving medicines and addressing unmet medical needs, particularly in the alexipharmic drugs market. BTG Specialty Pharmaceuticals is a US-based antidote and critical care medicine company.

Major companies operating in the alexipharmic drugs market are Pfizer Inc., Johnson & Johnson, Roche Holding AG, Merck & Co. Inc., Sanofi S.A., Bristol Myers Squibb Company (Bristol-Myers Squibb Company), AstraZeneca, Novartis AG, GlaxoSmithKline plc, Gilead Sciences Inc., Teva Pharmaceutical Industries Ltd., Fresenius SE & Co. KGaA (Fresenius Kabi), Bausch Health Companies Inc., UCB S.A., Sun Pharmaceutical Industries Ltd., B. Braun SE, Aurobindo Pharma, Purdue Pharma L.P., Cipla Inc., Hikma Pharmaceuticals, Amneal Pharmaceuticals, Vifor Pharma Group, Lupin Limited, Alkermes Inc., Emergent BioSolutions, Ethypharm S.A., Alpharma Pharmaceuticals Inc., Accord Healthcare, BTG plc, Gavis Pharmaceuticals, Apotex Inc.

North America was the largest region in the alexipharmic drugs market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the alexipharmic drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the alexipharmic drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Alexipharmic drugs, also known as antidotes, are substances or medications designed to counteract the effects of poisons or toxins in the body. These medications are specifically developed to neutralize or reverse the toxic effects of hazardous chemicals, thereby restoring normal physiological functions.

The main types of alexipharmic drugs include chemical antidotes, physical antidotes, and pharmacological antidotes. Chemical antidotes neutralize harmful chemicals in the body, providing protection against poisoning or overdose incidents. These drugs can be administered through various routes, including oral, topical, injectable, and others, and are used for various applications such as opioid overdose, alcohol overdose, cyanide poisoning, lead poisoning, benzodiazepine overdose, and others. They are utilized by several end users, including hospitals, homecare, specialty clinics, and others.

The alexipharmic drugs market research report is one of a series of new reports that provides alexipharmic drugs market statistics, including alexipharmic drugs industry global market size, regional shares, competitors with a alexipharmic drugs market share, detailed alexipharmic drugs market segments, market trends and opportunities, and any further data you may need to thrive in the alexipharmic drugs industry. This alexipharmic drugs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The alexipharmic drugs market consists of sales of heavy metal detoxifiers, organophosphate antidotes, snake antivenoms, mushroom toxin inhibitors, and radiation exposure mitigators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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