Global Dihydrocodeine Market Overview:
Dihydrocodeine (DHC) is an opioid analgesic used as an alternative or adjunct to codeine to treat moderate to severe pain, severe dyspnea, and cough. It can also be used to treat chronic pain, breathlessness, and coughing. In heroin addicts, dihydrocodeine has been used as a substitute drug, in doses up to 2500mg/day to treat addiction. DHC is used as an analgesic and antitussive agent and for the management of dyspnea and opioid addiction.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Demand for Dihydrocodeine with Improved Feature
Market Growth Drivers:
Increase in Healthcare Expenditure and High Adoption in Case of Severe Pain, Severe d=Dyspnea, and Cough
Challenges:
Growing Number of Regulatory Approvals
Restraints:
Side Effects Associated With the Dihydrocodeine
Opportunities:
High Demand For Innovative Treatment Techniques and Technological Advancements in the Field Of Medical Science
Competitive Landscape:
The competition in the market is strong. There is a maximum no of companies who manufactures these medications that’s why there is a rivalry between top firms. Some companies, therefore, relying on mergers and acquisitions are an option to earn more business and catch the market.
Some of the key players profiled in the report are Teofarma (Italy), Mundipharma (United Kingdom), Napp Pharmaceuticals (United Kingdom), Aspen Pharmacare (South Africa), Martindale-Hubbell (United States), Duopharma Biotech Berhad (Malaysia), Wockhardt (India), Auden Mckenzie Pharma (United Kingdom), WraSer (United States) and GlaxoSmithKline (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like G.L. Pharma (Austria), Daiichi Sankyo (Japan) and Fuso Pharmaceutical (Japan). Analyst at AMA Research see Global Players to retain maximum share of Global Dihydrocodeine market by 2028. Considering Market by Route of Administration, the sub-segment i.e. Oral will boost the Dihydrocodeine market.
Latest Market Insights:
In October 2023, Zydus Cadila, a leading Indian pharmaceutical company, announced a collaboration with the University of California, San Diego, to develop a novel non-opioid pain management therapy. While the specific drug doesn't involve dihydrocodeine, this partnership highlights the ongoing search for alternative pain relief options.
In September 2023, Mallinckrodt Pharmaceuticals, a US-based specialty pharmaceutical company, partnered with the American Society of Addiction Medicine (ASAM) to launch an educational campaign on the safe and responsible use of opioid medications. This initiative aims to address the ongoing opioid crisis and promote responsible prescribing practices.
FDA announced new regulation for prescription opioid cough and cold medicines to limit their use to adults 18 years and older The U.S. Food and Drug Administration (FDA) is requiring safety labeling changes for prescription cough and cold medicines containing codeine or hydrocodone to limit the use of these products to adults 18 years and older because the risks of these medicines outweigh their benefits in children younger than 18. They also require the addition of safety information about the risks of misuse, abuse, addiction, overdose, death, and slowed or difficult breathing to the Boxed Warning.
What Can be Explored with the Dihydrocodeine Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Dihydrocodeine Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Dihydrocodeine
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Dihydrocodeine market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Dihydrocodeine market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Dihydrocodeine Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.