The global Diazepam Market, valued at USD 1.01 billion in 2019, is expected to reach USD 1.31 billion by 2027, growing at a CAGR of 3.4%. Diazepam is a benzodiazepine mainly used for treating central nervous system-related disorders like anxiety, insomnia, muscle relaxation, seizures, and alcohol withdrawal.
Although the rising incidence of anxiety disorders, alcohol addiction cases, and FDA-approved drugs' availability is expected to drive market growth, side effects such as profound sedation, respiratory depression, and addiction risks can impede it. Diazepam is available in various forms, including tablets, injections, oral suspensions, and rectal gels, with the tablet segment expected to lead revenue generation.
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The diazepam industry is characterized by constant technological advancement, and market players are striving to provide a cheaper, efficient, faster, accurate, and user-friendly experience. Both emerging and leading companies are using organic and inorganic growth strategies, including mergers, acquisitions, expansions, joint ventures, agreements, partnerships, and collaborations.
The market is segmented by the form of medication, application type, and end-user. The tablet segment is expected to lead the market in revenue generation, and the oral solution type form of medication segment is expected to grow with a CAGR of 2.9 % during the forecast period.
Some of the key companies in the Diazepam market are:
- Pfizer, Inc.
- Sun Pharmaceutical Industries Ltd.
- Hoffmann-La Roche Ltd.
- Mylan N.V.
- Teva Pharmaceutical Industries Ltd.
- Aurobindo Pharma Ltd.
- Sanofi S.A.
- Mayne Pharma Group Limited
- Hikma Pharmaceuticals PLC
- Apotex Inc.
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The market is classified based on application type as anxiety disorders, alcohol withdrawal, muscle spasms, seizures, sedation, and insomnia. In terms of end-user, the market is segmented into geriatric, pediatric, and adults. The geriatric end-user segment was valued at USD 227.9 million and is expected to grow at a significant rate of 3.3% in 2018.
The Asia-Pacific region is expected to register a CAGR of 3.8% owing to increased medical innovations, government and private funding, and increased investment by pharmaceutical companies. North America held the largest share of 38.3% in the diazepam industry in 2018, and its dominance can be attributed to the high prevalence of anxiety disorders, insomnia, and alcohol withdrawal cases, increased investment in R&D activities, and the presence of major players in the region.
Rectal gel form of medication segment is expected to reach USD 272.93 million by the year 2026, and the rising incidence of anxiety disorders globally is expected to impact the diazepam industry and register high growth during 2017–2027. However, strict regulations regarding endorsements, side effects, withdrawal symptoms, inter-drug interactions, lack of awareness regarding the use of this drug, undiagnosed cases of anxiety disorder, absence of improved diagnosis, technological advances, and high research and development capital are major factors limiting industry growth.
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