Industry Background:
Thebaine is a natural basic of opium that is chemically similar to both morphine and codeine, but exerts stimulatory rather than depressant effects. Thebaine is an opium poppy abstract used to make OxyContin and a family of equally powerful prescription drugs that have transformed pain management over the last two decades. Tasmania also accounts for a quarter of the world’s codeine and morphine, which are two older painkillers from opium poppies that are still broadly used, mostly outside North America.
This growth is primarily driven by Increasing Use in Pharmaceutical Industry Worldwide and Rising Prevalence of Iodine Deficiency.
Globally, a noticeable market trend is evident Growing Awareness among People about the Benefits Related to Thebaine. Major Vendors, such as Mallinckrodt Pharmaceuticals (United Kingdom), Noramco Inc. (United States), Alcaliber (Spain), Tasmanian Alkaloids (Australia), API Labs Inc. (Canada) and Faran Shimi Pharmaceuticals (Iran) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
Thebaine is categorized under the schedule II of Analog Act of U.S. and Controlled Substances Act of international law. It is classified as a Class A drug under the Misuse of Drugs Act 1971 in Great Britain.
Market Drivers
- Increasing Use in Pharmaceutical Industry Worldwide
- Rising Prevalence of Iodine Deficiency
Market Trend
- Growing Awareness among People about the Benefits Related to Thebaine
Restraints
- Raw Thebaine Can Cause Convulsions When Consumed
Opportunities
Growing Healthcare Infrastructure in Developing Reions
Challenges
Availability of Alternative Products
AMA Research follow 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse 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 include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Thebaine Study Sheds Light on
The Thebaine Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Thebaine industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Thebaine industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.