The Benzodiazepine Market to grow at a CAGR of 1.5% to 2.3% by 2022. The International Narcotics Control Board (INCB) reported that Italy (32 %), India (19 %), China (11 %) and Germany (10 %) were the leading manufacturers between 1997 and 2006.
Benzodiazepines (BZD) are a class of psychoactive $@!#% 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 $@!#% 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) $@!#% have negated any market moves against Benzodiazepines. Development of short acting Benzodiazepines is an additional advantage in favour of barbiturates.
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Some more restraints hampering the market growth are highly competitive and segmented market and a shift towards non-pharmacological therapies.
Key Player - 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.
The report for Global Benzodiazepine Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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.
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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.
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global Benzodiazepine Market, by Application
- Global Benzodiazepine Market, by Time of Action
- Global Benzodiazepine Market, by Regions
- Company Landscape
- Company Profile
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