Methadone Hydrochloride Market Scope
Methadone Hydrochloride is a white, crystalline material that is water-soluble. It is an opioid used to treat pain or as maintenance therapy to help with detoxification in people with opioid dependence. Methadone hydrochloride tablets for oral suspension contain methadone, an opioid agonist indicated for the Detoxification and Maintenance treatment of opioid addiction.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Eli Lilly (United States), Sanofi (France), Roxane Laboratories (United States), Mallinckrodt (United Kingdom), Siegfried (Switzerland) and MACFARLAN SMITH (United Kingdom) |
CAGR | 4.8% |
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. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Methadone Hydrochloride market throughout the predicted period.
Eli Lilly (United States), Sanofi (France), Roxane Laboratories (United States), Mallinckrodt (United Kingdom), Siegfried (Switzerland) and MACFARLAN SMITH (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Tianjin Central Pharma (China) and Sun Pharmaceutical Industries (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Methadone Hydrochloride market by Type , by Application (Adults and Children) and Region with country level break-up.
On the basis of geography, the market of Methadone Hydrochloride 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).
region held largest market share in the year 2023.
In November 2018, Elite Pharmaceuticals, Inc., a specialty pharmaceutical company developing abuse-deterrent opioids and niche generic products, announced the launch of generic methadone hydrochloride 5mg and 10 mg tablets by Glenmark Pharmaceuticals, Inc., Elite’s marketing alliance partner.
Influencing Trend:
Growth in medical technology
Market Growth Drivers:
Increase pain among patients
Challenges:
Unawareness in many regions
Restraints:
Alternative available in market
Opportunities:
Increased government spending on medical field
Key Target Audience
Methadone Hydrochloride Providers, Distributors, Emerging Companies, Research Professionals and End-users