Methadone Hydrochloride Market to Score Past US$ 138.8 Million Valuation by 2027 | Exclusive Reportage by CMI
SEATTLE, April 07, 2021, (PHARMIWEB) — Global Methadone Hydrochloride Market analysis
Impact of Coronavirus (COVID-19)
Since December 2019, the outbreak of SARS-CoV-2 virus has been transmitted to over 100 nations around the world and the World Health Organization (WHO) had declared it a public health emergency on March 11, 2020. As per the reports of World Health Organization (WHO), the rampage of COVID-19 has led to over 69.9 million infections globally as of December 11, 2020.
Furthermore, the pandemic has affected every single market worldwide, and is expected to impact the global methadone hydrochloride market. Hence, the governments of several nations are adopting various initiatives to tackle COVID-19. In May 2020, the Centers of Disease Control and Prevention (CDC) began to work with research institutes and government agencies to extend testing capacity, case detection improvement, and tracking the contact across each state of the U.S. and re-open the country.
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Moreover, in retaliation to decreased accessibility to COVID-19 treatment provision over the lockdowns, few countries have raised the low-threshold services and decreased obstacles for gaining opiate-substitution medication such as permitting pharmacies to distribute methadone in the U.K. To increase the accessibility of opioid-substitution therapy, the U.K. is planning to distribute methadone in absence of newer prescriptions, however, this initiative has set up concerns over the misuse of drugs by the Advisory Council which may result in increased drug diversion and misuse.
Overview
The hydrochloride salt of methadone is called as methadone hydrochloride which is an artificial opioid along with analgesic activity. This salt is a reminiscent of morphine and its corresponding agents, and stimulates therapeutics reactions on sedation, analgesia, bradycardia, euphoria, miosis, respiratory depression, and physical dependency. Methadone hydrochloride has an extended life as compared to that of agents similar to morphine such as heroin, with a slower onset of opiate withdrawal symptoms, extended duration of opiate withdrawal, whose symptoms are less severe.
Over the forecast period (2020-2027), the global methadone hydrochloride market is expected to propel a CAGR of 4.0% and is measured to be worth at US$ 105.3 million in 2020.
Figure 1. Global Methadone Hydrochloride Market Value (US$ Mn), 2016-2027
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Drivers
Rising cases of pain associated with therapeutics and post-surgical treatments which has resulted in surge in demand for methadone hydrochloride, is mainly driving growth of the global methadone hydrochloride market.
Basically, the global methadone hydrochloride market is driven by rising incidences of pain related with post-surgical treatments and therapeutics, which leads to rise in demand for methadone hydrochloride. As per the report from U.S. Department of Health & Human Services in September 2018, around 20.4% of adults in the U.S. had chronic pain and another 8.0% adults having high-impact chronic pain as of 2016. The adults living under poverty line commonly suffered from both, chronic pain as well as high-impact chronic pain.
Moreover, the focus of major players of the market in development and launch of novel methadone hydrochloride products is expected to propel growth of the global methadone hydrochloride market during the forecast period. In November 2018, a specialty pharmaceutical company which has been developing abuse-deterrent opioids along with niche generic products, Elite Pharmaceuticals, Inc., had announced to commercially launch the generic methadone hydrochloride’s tablets of 10 mg and 5 mg with its marketing alliance partner, Glenmark Pharmaceuticals, Inc. With this association, Glenmark is enabled to sell and supply specific generic products of Elite, along with inclusion of methadone for which Elite will be receiving production and licensing costs.
Figure 2. Global Methadone Hydrochloride Market Share (%), By Region, 2020
Market Taxonomy
- According to Route of Administration: Oral, Intravenous.
- According to Formulation: Tablet, Solution, Others.
- According to Distribution Channel: Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies.
- According to Application: Opiate Withdrawal, Chronic Pain, Others.
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Regional Insights
Owing to increased incidences of chronic pain associated to post-surgical pain and cancer, the North American region is expected to hold its dominant position in the global methadone hydrochloride market. As per the report from the Centers for Disease Control and Prevention (CDC) in 2018, around 1 in 5 adults of the U.S. experienced chronic pain.
Key Players
Key companies contributing in the global methadone hydrochloride market are Temad Co, Embio LTD, Harman Finochem Ltd, Tianjin Central Pharmaceutical Co., Ltd, Rusan Pharma Ltd., Eli Lilly and Company, Sanofi S.A, Hikma Pharmaceuticals PLC, Mallinckrodt Pharmaceuticals, Siegfried Holding AG, and Johnson Matthey.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Formulation
- Market Snapshot, By Application
- Market Snapshot, By Route of Administration
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Drivers and Restraints
- Opportunities
- Impact Analysis
- Recent Product launches and Approvals
- Pipeline Analysis
- Brand Analysis
- Regulatory Scenario
- PEST Analysis
- Epidemiology
- Reimbursement Scenario
- Acquisition
- Market Trend
- Global Methadone Hydrochloride Market, Impact of COVID-19 Pandemic
- Economic Impact
- Research and Development
- Government Analysis
- Global Methadone Hydrochloride Market, By Formulation, 2016-2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Tablet
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Solution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Tablet
- Introduction
- Global Methadone Hydrochloride Market, By Application, 2016–2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Opiate Withdrawal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Chronic Pain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Opiate Withdrawal
- Introduction
- Global Methadone Hydrochloride Market, By Route of Administration, 2016–2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Oral
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Intravenous
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Oral
- Introduction
- Global Methadone Hydrochloride Market, By Distribution Channel, 2016–2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Hospital Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Hospital Pharmacies
- Introduction
- Global Methadone Hydrochloride Market, By Region, 2016–2027 (US$ Mn)
- Introduction
- Market Share Analysis, By Country, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, For Countries, 2017–2027
- North America
- Introduction
- Market Size and Forecast, By Formulation, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Application 2016–2027 (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Formulation, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Application 2016–2027 (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Formulation, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Application 2016–2027 (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Formulation, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Application 2016–2027 (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Formulation, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Application 2016–2027 (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Formulation, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Application 2016–2027 (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2016–2027 (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016–2027 (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
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