Industry Background:
The global Codeine market is expected to witness high demand in the forecasted period due to the alarming increase in the incidence of orthopedic diseases & chronic pain. Codeine is part of a group of drugs known as opioids. Opioids interact with opioid receptors in the brain and elicit a range of responses within the body, from feelings of pain relief to relaxation, pleasure, and contentment. Codeine is used to provide relief from a number of conditions, including mild to moderate pain, severe pain, dry irritating cough, diarrhea, and cold and flu. In Australia, Canada, New Zealand, Sweden, the United Kingdom, the United States, and many other countries, codeine is regulated under various narcotic control laws.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Purdue Pharma (United States), Sanofi (France), Pfizer (United States), Janssen Pharmaceuticals (Belgium), Endo Pharmaceuticals, Inc (United States), Actavis Plc (United States), Egalet (United States), Sun Pharmaceuticals (India) and Boehringer Ingelheim GmbH (Germany) |
This growth is primarily driven by The Rise in Disposable Income and Surge in Global Geriatric Population and Increasing Investment in Healthcare Sectors.
Globally, a noticeable market trend is evident The Increasing Focus on the Abuse-Deterrent Formulation (ADF)
The Pharmaceuticals sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Purdue Pharma (United States), Sanofi (France), Pfizer (United States), Janssen Pharmaceuticals (Belgium), Endo Pharmaceuticals, Inc (United States), Actavis Plc (United States), Egalet (United States), Sun Pharmaceuticals (India) and Boehringer Ingelheim GmbH (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations.
Regulatory Insights:
"In Canada, the use of opioids, including codeine, is currently regulated by the Controlled Drugs and Substances Act. Due to the potential of developing dependence among users, most codeine products are available by prescription only. Low-dose codeine (doses lower than or equal to 30 mg per tablet or 2 mg per milliliter [mL]), however, can be sold without a prescription if used in combination with at least two other medications. These are available as ‘over the counter’ (OTC) medications but are usually stored behind the pharmacy counter. In Manitoba, low-dose codeine products are available only by prescription."
Influencing Trend:
The Increasing Focus on the Abuse-Deterrent Formulation (ADF) and The Growing Prevalence of Orthopedic Diseases and Chronic Pain
Market Growth Drivers:
The Rise in Disposable Income and Surge in Global Geriatric Population and Increasing Investment in Healthcare Sectors
Challenges:
The Stringent Government Regulation Associated with Codeine
Restraints:
The Growing Concern Related to the Legalization of Cannabis and Increasing Issues Related to Prescription Drug Abuse
Opportunities:
The Increase in Consumption of Opioid Analgesic for Pain Management in Developing Countries and Rising Demand due to Ongoing Research and Developments in the Treatment Area
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Codeine Market
- Analysis about New Entrants in Codeine Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Codeine Study Sheds Light on
The Codeine Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Codeine industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Codeine industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.