The global antidotes market has grown strongly in recent years. It will grow from $2.04 billion in 2023 to $2.23 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to poison control centers, regulatory approvals, industrial and occupational safety, education and training.
The global antidotes market is expected to see strong growth in the next few years. It will grow to $3.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to drug overdose crisis, emerging toxins, regulatory support, telemedicine and remote consultation. Major trends in the forecast period include combination antidotes, personalized poison management, digital poison control, pediatric antidotes.
The growing number of poison incidents is poised to drive the expansion of the antidotes market in the near future. Poison incidents encompass situations where individuals are exposed to, ingest, or come into contact with substances that are harmful or toxic to their health. In such cases, antidotes play a pivotal role as they can counteract the effects of these dangerous substances. Antidotes work by neutralizing, mitigating, or reversing the detrimental consequences of poisoning. For example, as of August 2022, a report from The Office for National Statistics, a UK-based government department, highlighted that in England and Wales, there were 4,859 fatalities related to drug poisoning in 2021. This corresponds to an annual mortality rate of 84.4 per million individuals, signifying a 6.2% increase from the rate of 79.5 per million recorded in 2020. Consequently, the upsurge in poison incidents is a driving force behind the growth of the antidotes market.
The burgeoning prevalence of various medical conditions is anticipated to propel the growth of the antidotes market. Medical conditions encompass diseases, illnesses, or injuries, such as opioid poisoning, cyanide poisoning, or benzodiazepine poisoning, that adversely affect the structure or function of an organism. These conditions can often be treated or prevented using antidotes. Antidotes are essential for addressing or preventing poisonings and mitigating the detrimental effects of toxins. They work by binding to the poisonous substances, rendering them harmless, or blocking their adverse impacts on the body. For instance, data from the Centers for Disease Control and Prevention, a US-based national public health agency, in August 2023, revealed that the United States witnessed approximately 45 deaths per day due to prescription opioid overdoses, totaling nearly 17,000 fatalities in 2021. Furthermore, over 9,000 individuals succumbed to heroin overdoses in the same year. Hence, the upswing in the prevalence of medical conditions is a significant driver of growth in the antidotes market.
The scarcity of skilled professionals is expected to present a hindrance and impede the market's growth in the foreseeable future. Workforce shortages signify an insufficiency of adequately trained workers to fill the available job vacancies within a specific labor market. The absence of proficient professionals capable of administering treatments with these antidotes is affecting the overall market demand. As an example, a report from the Association of American Medical Colleges, a US-based non-profit organization, in May 2023, projected that the United States is likely to experience a shortage of up to 124,000 physicians by 2034, as the demand surpasses the available supply. Consequently, the shortage of skilled professionals is hampering the growth of the antidotes market.
Prominent market players are dedicating their efforts to introduce innovative products like atropine sulfate injections to extend their market presence and provide enhanced treatment alternatives. Atropine sulfate injection is a type of antimuscarinic medication designed to inhibit the action of acetylcholine at muscarinic receptors within the parasympathetic nervous system. For instance, in August 2022, American Regent Inc., a US-based pharmaceutical company specializing in sterile injectables for healthcare providers, launched an atropine sulfate injection, USP. This traditional injectable medication is used as an antisialagogue, an antidote for organophosphorus poisoning or muscarinic mushroom poisoning, and to treat bradyasystolic cardiac arrest. Its primary purpose is to temporarily block severe or life-threatening muscarinic effects.
In July 2022, Soligenix Inc., a US-based biopharmaceutical company, established a partnership with SERB Pharmaceuticals to develop a novel ricin antigen for the treatment of ricin toxin poisoning. This collaboration aims to create a medical solution for ricin toxin poisoning. It combines Soligenix's antigen expertise with SERB Pharmaceuticals' proficiency in antibody research and manufacturing. SERB Pharmaceuticals, based in France, specializes in emergency care and is dedicated to developing and providing antidotes for critical conditions.
Major players in the antidotes market are Pfizer Inc., Johnson & Johnson, Merck & Co., Bayer AG, Novartis AG, Bristol Myers Squibb, Alexion Pharmaceuticals Inc., AstraZeneca PLC, Sanofi S.A., Eli Lilly and Company, Boehringer Ingelheim International GmbH, Baxter International Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., CSL Behring, Daiichi Sanko Inc., Fresenius Kabi AG, Aurobindo Pharma Limited, Dr. Reddy’s Laboratories Ltd., Hikma Pharmaceuticals PLC, Ferring B.V., Lupin Limited, Zydus Lifesciences Ltd., Mallinckrodt Pharmaceuticals Ltd., Nichi-Iko Pharmaceutical Co. Ltd., Akorn Incorporated, Meridian Medical Technologies Inc., Alvogen Pharma India Pvt. Ltd., Wockhardt Limited, ADAPT Pharma Inc.
North America was the largest region in the antidotes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in antidotes report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the antidotes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Antidotes come in several types, including chemical antidotes, physical antidotes, pharmacological antidotes, and others. Chemical antidotes are substances or compounds specifically formulated to counteract the toxic effects of particular chemical substances or poisons. They are employed in situations where exposure to a harmful substance has occurred, with the objective of neutralizing, mitigating, or reversing the toxic effects. These chemical antidotes can be administered through various forms, such as injectables, oral medications, capsules, tablets, and syrups. They find applications in diverse scenarios, including the treatment of animal bites and heavy metal poisoning, and are typically administered by healthcare providers in hospitals, homecare settings, specialty clinics, and other relevant healthcare facilities.
This report provides antidotes market statistics, including antidotes industry global market size, regional shares, competitors with an antidotes market share, detailed antidotes market segments, market trends and opportunities and any further data you may need to thrive in the antidotes industry. This antidotes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The antidotes market consists of sales of opioid antidotes, anticholinergic antidotes, benzodiazepine antidotes, anticoagulant antidotes, iron chelators, cyanide antidotes, heavy metal antidotes and digoxin antidotes. 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.
This product will be delivered within 3-5 business days.
The global antidotes market is expected to see strong growth in the next few years. It will grow to $3.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to drug overdose crisis, emerging toxins, regulatory support, telemedicine and remote consultation. Major trends in the forecast period include combination antidotes, personalized poison management, digital poison control, pediatric antidotes.
The growing number of poison incidents is poised to drive the expansion of the antidotes market in the near future. Poison incidents encompass situations where individuals are exposed to, ingest, or come into contact with substances that are harmful or toxic to their health. In such cases, antidotes play a pivotal role as they can counteract the effects of these dangerous substances. Antidotes work by neutralizing, mitigating, or reversing the detrimental consequences of poisoning. For example, as of August 2022, a report from The Office for National Statistics, a UK-based government department, highlighted that in England and Wales, there were 4,859 fatalities related to drug poisoning in 2021. This corresponds to an annual mortality rate of 84.4 per million individuals, signifying a 6.2% increase from the rate of 79.5 per million recorded in 2020. Consequently, the upsurge in poison incidents is a driving force behind the growth of the antidotes market.
The burgeoning prevalence of various medical conditions is anticipated to propel the growth of the antidotes market. Medical conditions encompass diseases, illnesses, or injuries, such as opioid poisoning, cyanide poisoning, or benzodiazepine poisoning, that adversely affect the structure or function of an organism. These conditions can often be treated or prevented using antidotes. Antidotes are essential for addressing or preventing poisonings and mitigating the detrimental effects of toxins. They work by binding to the poisonous substances, rendering them harmless, or blocking their adverse impacts on the body. For instance, data from the Centers for Disease Control and Prevention, a US-based national public health agency, in August 2023, revealed that the United States witnessed approximately 45 deaths per day due to prescription opioid overdoses, totaling nearly 17,000 fatalities in 2021. Furthermore, over 9,000 individuals succumbed to heroin overdoses in the same year. Hence, the upswing in the prevalence of medical conditions is a significant driver of growth in the antidotes market.
The scarcity of skilled professionals is expected to present a hindrance and impede the market's growth in the foreseeable future. Workforce shortages signify an insufficiency of adequately trained workers to fill the available job vacancies within a specific labor market. The absence of proficient professionals capable of administering treatments with these antidotes is affecting the overall market demand. As an example, a report from the Association of American Medical Colleges, a US-based non-profit organization, in May 2023, projected that the United States is likely to experience a shortage of up to 124,000 physicians by 2034, as the demand surpasses the available supply. Consequently, the shortage of skilled professionals is hampering the growth of the antidotes market.
Prominent market players are dedicating their efforts to introduce innovative products like atropine sulfate injections to extend their market presence and provide enhanced treatment alternatives. Atropine sulfate injection is a type of antimuscarinic medication designed to inhibit the action of acetylcholine at muscarinic receptors within the parasympathetic nervous system. For instance, in August 2022, American Regent Inc., a US-based pharmaceutical company specializing in sterile injectables for healthcare providers, launched an atropine sulfate injection, USP. This traditional injectable medication is used as an antisialagogue, an antidote for organophosphorus poisoning or muscarinic mushroom poisoning, and to treat bradyasystolic cardiac arrest. Its primary purpose is to temporarily block severe or life-threatening muscarinic effects.
In July 2022, Soligenix Inc., a US-based biopharmaceutical company, established a partnership with SERB Pharmaceuticals to develop a novel ricin antigen for the treatment of ricin toxin poisoning. This collaboration aims to create a medical solution for ricin toxin poisoning. It combines Soligenix's antigen expertise with SERB Pharmaceuticals' proficiency in antibody research and manufacturing. SERB Pharmaceuticals, based in France, specializes in emergency care and is dedicated to developing and providing antidotes for critical conditions.
Major players in the antidotes market are Pfizer Inc., Johnson & Johnson, Merck & Co., Bayer AG, Novartis AG, Bristol Myers Squibb, Alexion Pharmaceuticals Inc., AstraZeneca PLC, Sanofi S.A., Eli Lilly and Company, Boehringer Ingelheim International GmbH, Baxter International Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., CSL Behring, Daiichi Sanko Inc., Fresenius Kabi AG, Aurobindo Pharma Limited, Dr. Reddy’s Laboratories Ltd., Hikma Pharmaceuticals PLC, Ferring B.V., Lupin Limited, Zydus Lifesciences Ltd., Mallinckrodt Pharmaceuticals Ltd., Nichi-Iko Pharmaceutical Co. Ltd., Akorn Incorporated, Meridian Medical Technologies Inc., Alvogen Pharma India Pvt. Ltd., Wockhardt Limited, ADAPT Pharma Inc.
North America was the largest region in the antidotes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in antidotes report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the antidotes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Antidotes come in several types, including chemical antidotes, physical antidotes, pharmacological antidotes, and others. Chemical antidotes are substances or compounds specifically formulated to counteract the toxic effects of particular chemical substances or poisons. They are employed in situations where exposure to a harmful substance has occurred, with the objective of neutralizing, mitigating, or reversing the toxic effects. These chemical antidotes can be administered through various forms, such as injectables, oral medications, capsules, tablets, and syrups. They find applications in diverse scenarios, including the treatment of animal bites and heavy metal poisoning, and are typically administered by healthcare providers in hospitals, homecare settings, specialty clinics, and other relevant healthcare facilities.
This report provides antidotes market statistics, including antidotes industry global market size, regional shares, competitors with an antidotes market share, detailed antidotes market segments, market trends and opportunities and any further data you may need to thrive in the antidotes industry. This antidotes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The antidotes market consists of sales of opioid antidotes, anticholinergic antidotes, benzodiazepine antidotes, anticoagulant antidotes, iron chelators, cyanide antidotes, heavy metal antidotes and digoxin antidotes. 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Antidotes Market Characteristics3. Antidotes Market Trends and Strategies32. Global Antidotes Market Competitive Benchmarking33. Global Antidotes Market Competitive Dashboard34. Key Mergers and Acquisitions in the Antidotes Market
4. Antidotes Market - Macro Economic Scenario
5. Global Antidotes Market Size and Growth
6. Antidotes Market Segmentation
7. Antidotes Market Regional and Country Analysis
8. Asia-Pacific Antidotes Market
9. China Antidotes Market
10. India Antidotes Market
11. Japan Antidotes Market
12. Australia Antidotes Market
13. Indonesia Antidotes Market
14. South Korea Antidotes Market
15. Western Europe Antidotes Market
16. UK Antidotes Market
17. Germany Antidotes Market
18. France Antidotes Market
19. Italy Antidotes Market
20. Spain Antidotes Market
21. Eastern Europe Antidotes Market
22. Russia Antidotes Market
23. North America Antidotes Market
24. USA Antidotes Market
25. Canada Antidotes Market
26. South America Antidotes Market
27. Brazil Antidotes Market
28. Middle East Antidotes Market
29. Africa Antidotes Market
30. Antidotes Market Competitive Landscape and Company Profiles
31. Antidotes Market Other Major and Innovative Companies
35. Antidotes Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on antidotes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for antidotes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Report Scope
Markets Covered:
1) By Type: Chemical Antidotes; Physical Antidotes; Pharmacological Antidotes; Other Types2) By Route Of Administration: Injectable; Oral; Capsules and Tablets; Syrup
3) By Application: Animal Bites; Heavy Metal Poisoning
4) By End-User: Hospitals; Homecare; Specialty Clinics; Other End-Users
Key Companies Mentioned: Pfizer Inc.; Johnson & Johnson; Merck & Co.; Bayer AG; Novartis AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Methodology
LOADING...