What is Tramadol HCL Market?
Tramadol HCL is an extended-release capsule or tablet, used to relieve moderate to moderately severe pain and it is only used by people who are expected to need medication to relieve pain around-the-clock. Tramadol HCL is in a class of medications called opiate analgesics. It works by changing the way the brain and nervous system respond to pain. It is used worldwide and is listed in many medical guidelines for pain treatment. It is mentioned as a step-2 analgesic in the WHO guidelines for cancer pain relief.
Highlights from Tramadol HCL Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Grnenthal GmbH (Germany), Mundipharma International Ltd (United Kingdom), Hexal AG (Germany), Labopharm (Malta), PLIVA HRVATSKA d.o.o. (Croatia), Nippon Shinyaku (Japan), Atoz Pharmaceuticals (India), Rompharm Company (România), Amneal Pharmaceuticals (United States) and Par Pharmaceutical (United States) |
Research Analyst at AMA predicts that Asian Players will contribute to the maximum growth of Global Tramadol HCL market throughout the forecasted period.
Grnenthal GmbH (Germany), Mundipharma International Ltd (United Kingdom), Hexal AG (Germany), Labopharm (Malta), PLIVA HRVATSKA d.o.o. (Croatia), Nippon Shinyaku (Japan), Atoz Pharmaceuticals (India), Rompharm Company (România), Amneal Pharmaceuticals (United States) and Par Pharmaceutical (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Kosher Pharmaceuticals (India), Unichem Laboratories (India), CSPC Pharmaceutical Group Limited (China) and Xinhua Pharmaceutical (China). Tramadol HCL Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Headache, Nausea, Somnolence, Dizziness, Constipation, Dry Mouth and Others (Sweating, Asthenia, Pruritus, Anorexia) |
Type | Intramuscular Injection, Oral and Rectal Administration |
Distribution Channel | Government Hospitals,Pharmacy,Online Store,Others |
Dosage | 50 mg,100 mg,200 mg,300 mg,Others |
End User | Hospital,Clinic,Healthcare Research Center,Medical Center,Others |
On the basis of geography, the market of Tramadol HCL has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing demand for drugs to pain treatment is driving the growth of the global tramadol HCL market. Tramadol is also listed on several national essential medicines lists. There is growing evidence of abuse of tramadol in some African and West Asian countries considering large seizures of such preparations in North and West Africa.
Challenges:
Prolonged use of Tramadol HCL During Pregnancy is maybe Life-threatening
Restraints:
Strict Norms and Regulation Regarding Tramadol HCL
Opportunities:
Rising Investments Research and Development in Tramadol HCL by Various Manufacturers and Increasing Healthcare Spending in Developed and Developing Economies
Key Target Audience
Tramadol HCL Manufacturers, Healthcare Center, Research Institutes, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
On 13th August 2019, Unichem Laboratories has received ANDA approval from US FDA for Unichem's Tramadol Hydrochloride Tablets USP, 50 mg. to market a generic version of Ultram Tablets, 50 mg, of Janssen Pharmaceuticals, Inc. which are indicated in adults for the management of pain severe enough to require an opioid analgesic and for which alternative treatments are inadequate.
Tramadol HCL was approved by the Food and Drug Administration as a non-scheduled drug under the Controlled Substance Act.