Flumazenil Market
Flumazenil dosage recommendations are being updated by regulatory bodies in order to better treat benzodiazepine overdoses, which is anticipated to propel the worldwide flumazenil market’s expansion. For instance, the U.S. Food and Drug Administration has released the recommendations for therapy of benzodiazepine overdose with use of flumazenil injection, according to updated data from the National Center for Biotechnology Information (NCBI) on May 8, 2022. Adults should first receive 0.2 mg of flumazenil intravenously for 30 seconds. If the desired degree of awareness has not been attained after 30 seconds, an extra intravenous dosage of 0.3 mg should be administered.
Over the projected period, the worldwide flumazenil market is anticipated to rise as a result of regulatory approval for its usage. For example, based on information current on May 8, 2022. Clinical use of flumazenil as a benzodiazepine overdose reversal medication has been authorised by the National Center for Biotechnology Information and the U.S. Food and Drug Administration. A family of medications known as benzodiazepines is used to treat seizures, sleeplessness, anxiety, and pain.
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Impact
Over the projected period, the coronavirus disease (COVID-19) pandemic is anticipated to restrain the growth of the worldwide flumazenil market. The most recent pandemic epidemic, COVID-19, was initially identified in Wuhan, China, on December 31, 2019. On March 11, 2020, the World Health Organization proclaimed coronavirus disease (COVID-19) to be a pandemic. The World Health Organization (WHO) Weekly epidemiological report on COVID-19 states that from August 3, 2022, the number of new cases will start to decline. Thus, as of August 3, 2022, there have been documented about 6.4 million fatalities and around 578 million cases.
The decline in new medication clinical trials during the COVID-19 pandemic is anticipated to impede the expansion of the worldwide flumazenil market. In order to treat COVID-19, new vaccinations had to be developed, which resulted in the suspension of several upcoming and existing clinical studies for various illnesses around the globe. Flumazenil clinical studies have been interrupted along with those for other medications, which has slowed the expansion of the flumazenil market globally during the COVID-19 pandemic.
Over the projected period, newly updated and released data about flumazenil use are anticipated to fuel market growth. For instance, the National Institute of Health in the United States issued updated information on flumazenil on May 8, 2022. In published data, NIH has emphasised the general guidelines for administering flumazenil, described the drug’s mode of action, and assessed expert team tactics for creating flumazenil therapy. This would aid industry participants in learning more specifics about flumazenil and aid them in advancing flumazenil therapy. This is anticipated to fuel market expansion for flumazenil.
𝐖𝐞 𝐎𝐟𝐟𝐞𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐂𝐥𝐢𝐜𝐤 @ https://www.coherentmarketinsights.com/insight/request-customization/5187
Key Takeaways
Over the projected period (2022-2030), the global flumazenil market is anticipated to increase at a CAGR of 2.8% due to expansion in promising areas, particularly in Europe. While the largest market share was in North America.
Flumazenil use recommendations are being updated by regulatory bodies, which is anticipated to fuel market expansion throughout the forecast period. For instance, the U.S. Food and Drug Administration has updated guidelines regarding the use of flumazenil in children, and based on updated data from the National Institute of Health on May 8, 2022, flumazenil is not indicated for children who have a condition that displays more indications than conscious sedation. Flumazenil should only be given to infants younger than one year olds if the risks of benzodiazepine overdose have been weighed against the advantages of therapy. The patient should be observed for the appropriate amount of time depending on the dosage and duration of action of the benzodiazepine used. If a patient is being treated with any medication other than benzodiazepines that causes sleep, they should not be administered flumazenil.
Bedford Pharmaceuticals, Hoffmann La Roche, Physicians Total Care, Inc., Sandoz Canada Incorporated, Pfizer Laboratories Div Pfizer Inc., Hikma Farmaceutica, Fresenius Kabi USA, DBA HealthFirst, LLC, Mylan Pharmaceuticals, HF Acquisition Co. LLC, Genentech, Inc., West Ward Pharmaceutical, General Injectables & Vaccines Inc, and Sina Health Inc, are significant market participants in the global flumazenil market.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Dose
- Market Snippet, By Application
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Regulatory Scenario
- PEST Analysis
- Recent Product Launch/Approval
- Epidemiology
- Mergers and Acquisitions
- Market Dynamics
- Global Flumazenil Market – Impact of Coronavirus (Covid-19) Pandemic
- Impact on Supply Chain
- Impact on Research and Development
- Government Initiatives
- Global Flumazenil Market, By Dose, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- 5 ml
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Million)
- 10 ml
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Million)
- Introduction
- Global Flumazenil Market, By Application, 2017 – 2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Anti – Sedation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Million)
- Reversing Drowsiness
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Million)
- Others (Hepatic Encephalopathy, Cirrhosis)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Million)
- Introduction
- Global Flumazenil Market, By Distribution Channel, 2017 – 2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Hospital Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Million)
- Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Million)
- Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Million)
- Introduction
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