Number of pages: 100 | Report Format: PDF | Published date: March 03, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
Report Attribute |
Details |
Market Size Value in 2022 |
US$ 9.3 million |
Revenue Forecast in 2031 |
US$ 15.75 million |
CAGR |
5.9% |
Base Year for Estimation |
2022 |
Forecast Period |
2023-2031 |
Historical Year |
2021 |
Segments Covered |
Drug Class, Route of Administration, Distribution Channel, and Region |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global cocaine intoxication treatment market was valued at US$ 9.3 million in 2022 and is expected to register a revenue CAGR of 5.9% to reach US$ 15.75 million by 2031.
Cocaine Intoxication Treatment Market Fundamentals
Cocaine intoxication is characterized by a high or rush feeling, enhanced euphoria, rapid pulse, raised blood pressure (more systolic than diastolic), and increased motor activity and speech. The symptoms also include increased alertness, wrath, anxiety, gregariousness, vigilance, poor judgment, and labile mood. Heavy users exhibit stereotyped repeated actions (such as stroking one’s nose or rubbing one’s forehead) or more complicated behavioral alterations. Cocaine increases alertness, well-being, euphoria, energy, sociability, and sexuality. Mild adverse effects include anxiety, increased temperature, paranoia, restlessness, and teeth grinding. The drug can cause chronic complications, such as insomnia, weight loss, anorexia, persistent tachycardia, heart failure, kidney failure, hallucinations, and paranoid delusions with prolonged use. Any single acute usage of a high amount of cocaine can result in medical conditions, such as mortality from cardiac arrhythmias, seizures, hyperthermia, dehydration, and localized vasoconstriction, leading to myocardial infarction or stroke. Various medications are used to treat cocaine intoxication. For instance, benzodiazepines, such as lorazepam or diazepam, can treat anxiety, agitation, or seizures associated with cocaine intoxication. Antipsychotic medications, such as haloperidol or olanzapine, can manage psychosis or delirium. Medications used to treat addiction, such as naltrexone or buprenorphine, may be used to manage cravings and support recovery.
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Cocaine Intoxication Treatment Market Dynamics
Cocaine intoxication treatments are gaining popularity with a rise in the understanding of the major health concerns, such as overdose and death, and the overall socioeconomic burden. The demand for research and development of novel cocaine dependency treatment is projected to stimulate the treatment demand. The discovery of novel therapies is a significant priority for the medical community due to the negative impact of the disease. The market for cocaine intoxication treatment is expected to rise as more effective therapies are discovered and made available.
The treatment for cocaine addiction often consists of symptom management and supportive care, such as monitoring the patient’s vital signs, resolving emerging health issues, and providing psychological support. Additionally, the growing focus by government organizations and private agencies, such as the WHO (World Health Organization), and pharmaceutical companies on spreading awareness of cocaine intoxication treatment is boosting the market development. Improved treatment availability and accessibility, particularly in low-income countries, can further support market revenue growth.
The market for cocaine intoxication treatment is expected to grow as new therapies are developed and approved, allowing market participants to continue developing new tools and techniques that are likely to improve the accuracy of cocaine intoxication treatment. The presence of significant opportunities, especially in emerging economies, due to their potential growth, affordable treatment costs, and accessibility of treatment options are likely to all lead to market expansion at a rapid pace.
Factors limiting market revenue growth include the shortage of skilled medical professionals and an unfavorable reimbursement environment in developing and underdeveloped countries. Moreover, the high cost of R&D activities, together with poor treatment compliance in some countries, and substandard healthcare facilities in less developed countries, can also restrain market revenue growth.
Cocaine Intoxication Treatment Market Ecosystem
The global cocaine intoxication treatment has been analyzed from four perspectives: drug class, route of administration, distribution channel, and region.
Cocaine Intoxication Treatment Market by Drug Class
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Based on the drug class, the global cocaine intoxication treatment market can be segmented into phentolamine, lorazepam, diazepam, verapamil, and morphine.
The lorazepam segment is estimated to account for a significant revenue share of the market during the forecast period. Lorazepam is a benzodiazepine medication used in the treatment of cocaine intoxication. It has a longer duration of action and can reduce the severity of symptoms. It can also be administered orally, intravenously, or intramuscularly depending on the severity of the intoxication. Lorazepam is considered an ideal medication for cocaine intoxication due to its rapid action on cocaine dependency. Lorazepam is safe for usage in the treatment of cocaine intoxication as it does not possess any significant side effects or toxicity when used in the recommended dosages. In addition, lorazepam is effective in reducing cocaine cravings and lowering the risk of relapse in patients with a history of cocaine usage. It is well tolerated and has fewer side effects or toxicity when used in the recommended dosages.
The phentolamine segment is expected to show lucrative revenue growth during the forecast period. It is a common drug used to treat cocaine intoxication. Phentolamine functions as an alpha-blocker by obstructing the activity of the adrenaline hormone and decreasing the impact of cocaine intoxication. One major benefit of utilizing phentolamine as a treatment for cocaine intoxication is its ability to diminish the effects of the intoxication quickly and efficiently. Phentolamine is effective in emergencies in reducing cocaine intoxication symptoms, such as increased heart rate, high blood pressure, and agitation. It is an ideal treatment for those experiencing cocaine intoxication. Another advantage of phentolamine is that it is a relatively safe medication. However, this drug has a few side effects, such as dry mouth, dizziness, and headache; these are usually mild and short-lived. Phentolamine is also advantageous as it can be administered in several different ways. It can be administered intravenously, intramuscularly, or even orally.
Cocaine Intoxication Treatment Market by Route of Administration
Based on the route of administration, the global cocaine intoxication treatment market can be segmented into oral, inhalation, intravenous, and nasal.
The oral segment accounts for the largest revenue share in the global market. Oral drug administration is one of the most preferred routes and consists of various advantages its advantages, such as non-invasiveness, patient compliance, and convenience of drug administration. The route of administration for cocaine intoxication medications can vary depending on the specific medication and the patient’s needs. Some medicines can also be administered by injection. The choice of route of administration may depend on factors such as the severity of the symptoms, the patient’s condition, and the healthcare provider’s preference.
The intravenous segment is expected to show significant revenue growth in the global market, attributed to its numerous advantages, such as the ability to provide a faster onset of action. Intravenous drug delivery allows for near-instantaneous absorption and delivery of the drug to the target site in the body. This can be especially crucial while treating cocaine intoxication, as the effects of the drug can be seen almost immediately. Additionally, intravenous administration allows for precise dosing and delivery of the drug, which can be highly beneficial to ensure the most effective and safe treatment of cocaine intoxication.
Cocaine Intoxication Treatment Market by Distribution Channel
Based on the distribution channel, the global cocaine intoxication treatment market can be segmented into hospital pharmacies, retail pharmacies, and online pharmacies.
The hospital pharmacies segment registered the largest revenue share of the global market in 2022. The growth of this segment can be attributed to the large availability of treatment medications with ease and convenience. Large patient footfall with a high preference rate among the population is responsible for the rapidly growing demand for cocaine intoxication treatment, thereby bolstering the global market revenue growth.
Cocaine Intoxication Treatment Market by Region
Based on the region, the global cocaine intoxication treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America dominates the global cocaine intoxication treatment market with the largest revenue share. The market revenue growth in this region can be attributed to the high prevalence of cocaine dependency among the population. Lately, there has been an increase in cocaine-related deaths in the United States, resulting in a higher demand for treatment for cocaine intoxication. A significant number of pharmaceutical firms investing extensively in the development of novel, focused therapies for the ailment, as well as a high level of healthcare expenditure resulting in a large patient population, are some of the factors driving the market revenue growth in North America.
The Asia Pacific market is predicted to grow rapidly throughout the projected period, attributed to rising healthcare infrastructure building expenses, higher tobacco product and consumption rates, and increased R&D activities in the region. Furthermore, growing cases of cocaine drug dependency and rising government attention toward these incidences are increasing public awareness, thus, positively impacting the global market revenue growth.
Cocaine Intoxication Treatment Market Competitive Landscape
The prominent players operating in the global cocaine intoxication treatment are:
Cocaine Intoxication Treatment Market Strategic Developments
The global cocaine intoxication treatment is expected to be valued at US$ 15.75 million by 2031.
A shortage of skilled medical personnel and an unfavorable reimbursement environment in developing and underdeveloped economies are likely to restrict market revenue growth to some extent.
Tonix Pharmaceuticals Holding Corp., Manus Aktteva Biopharma LLP, Pfizer Inc., and Anant Pharmaceuticals Pvt. Ltd. are among the top market players.
Cocaine intoxication is characterized by a high or rush feeling, enhanced euphoria, rapid pulse, raised blood pressure (more systolic than diastolic), and increased motor activity and speech. This can be treated using medications, such as phentolamine, lorazepam, and diazepam.
Asia Pacific is the fastest-growing region in the global cocaine intoxication treatment market.
*Insights on financial performance are subject to the availability of information in the public domain