About Hydrocodone Bitartrate
Hydrocodone bitartrate is commonly used to treat chronic pain. It is an analgesic that belongs to the narcotic (opiate) class of drugs. It alters how the body reacts to pain, which has an effect on how the brain functions. Hydrocodone is a form of pain reliever. Bitartrate is a narcotic analgesic and antitussive that is commonly prescribed for oral consumption. It's sometimes prescribed with ibuprofen or acetaminophen. Hydrocode's ACSCN (Administrative Controlled Substance Code Number) is 9193. The main use for hydrocodone bitartrate is in medical applications where it is used to relieve pain. The selling of hydrocodone bitartrate is limited in a number of countries due to the risk of addiction.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hydrocodone Bitartrate market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Johnson Matthey (United Kingdom), Noramco (United States), Freedom Pharmaceuticals (United States), Letco Medical (United States), Cambrex (United States), Sun Pharma(Chattem Chemicals) (India), Fagron (Netherlands) and Temad (Iran) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hydrocodone Bitartrate market by Type (< 98% and > 98%), Application (Hydrocodone Bitartrate Capsule, Hydrocodone Bitartrate Extended-Release Tablets and Hydrocodone Bitartrate Oral Solutions) and Region.
On the basis of geography, the market of Hydrocodone Bitartrate 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). If we see Market by End Use, the sub-segment i.e. Severe Pain will boost the Hydrocodone Bitartrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Side Effects, the sub-segment i.e. Dizziness will boost the Hydrocodone Bitartrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in the medical sector
Market Growth Drivers:
Growing usage in cough syrup in combinations with other chemicals
Challenges:
Overdose of hydrocodone bitartrate include side effects
Restraints:
Banned is several European countries such as Germany, Sweden, France Belgium, United Kingdom etc.
Opportunities:
High demand for hydrocodone bitartrate stems from the growing demand for medical treatment applications in several regions
In February 2022, Acura Pharmaceuticals, Inc. announced that the LTX-03 (hydrocodone bitartrate and acetaminophen) tablets using Acura’s LIMITx technology manufactured in the three New Drug Application (“NDA”) required registration batches successfully passed testing at the six month time point in an ongoing shelf life study when stored at normal temperature and humidity conditions, also known as controlled room temperature (“CRT”). The patented LIMITx technology is a composition of inactive ingredients formulated in a manner that reduces the risks of drug overdose by reducing peak drug levels when inappropriate numbers of tablets are ingested.
The sale of hydrocodone bitartrate for medical use is also banned in United Kingdom, where it is listed as a Class A drug under Misuse of Drugs Act 1971. However, weaker formulation of hydrocodone bitartrate is being used as an alternative in various medical applications. In the U.S. hydrocodone bitartrate is subject to annual manufacturing quota. However, hydrocodone bitartrate is not commercially available in its purest form. It is generally sold with a NSAID, antihistamine, acetaminophen, homatropine or expectorant.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Hydrocodone Bitartrate Suppliers, Hospitals, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.