Methadone Hydrochloride Market Will Deliver A Substantial CAGR of 4.0% Till 2028 | Eli Lilly and Company, Sanofi S.A
In treating opioid addiction, methadone hydrochloride is often prescribed at a dosage of 40 to 50 mg once daily with concurrent substance abuse counseling
SEATTLE, WASHINGTON, UNITED STATES, January 24, 2022 /EINPresswire.com/ -- Methadone Hydrochloride Market report is an in-depth analysis study offered which explains necessary aspects like competition, segmentation, and regional growth in excessive detail. As a part of competitive analysis, the analysis study includes through company identification of leading players of the Methadone Hydrochloride Industry.
Methadone Hydrochloride Market report provides emerging opportunities in the market and the future impact of major drivers and challenges and, support decision makers in making cost-effective business decisions. One of the objectives of this report is to identify the latest developments, market shares, and strategies employed by the major market players. Besides, the least competitive market niches with significant growth potential are also identified. For research methodology, secondary research, primary research, subject matter expert advice, quality check, and final review was utilized.
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Overview
In treating opioid addiction, methadone hydrochloride is often prescribed at a dosage of 40 to 50 mg once daily with concurrent substance abuse counseling. The main outcome measure for the treatment is whether patients remain in treatment after reaching the recommended dose. During the first few weeks of treatment, patients should expect to experience respiratory symptoms associated with withdrawal. This medicine can also interact with certain vitamins and herbal products, so it is important to follow the doctor's instructions carefully. Patients who have a liver problem should avoid methadone as it can affect the liver. Those with certain medical conditions should consult a medical professional to ensure that they are not pregnant or breastfeeding.
Competitive Landscape
Major companies contributing to the global methadone hydrochloride market include Siegfried Holding AG, Mallinckrodt Pharmaceuticals, Temad Co, Sanofi S.A, Harman Finochem Ltd., Eli Lilly and Company, Rusan Pharma Ltd., Hikma Pharmaceuticals PLC, Embio LTD, Tianjin Central Pharmaceutical Co., Ltd, and Johnson Matthey.
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Drivers
Increased occurrences of chronic pain and increased acceptance of post-surgical pain treatment for cancer patients are expected to drive methadone hydrochloride market growth over the forecast period.
Furthermore, widespread adoption in rehabilitation centers for the treatment of drug addict patients is expected to fuel the methadone hydrochloride market throughout the forecast period.
The Epitome of the COVID-19 Aftermath
The global methadone hydrochloride market showed an upward trend due to the prevalence of the COVID-19 pandemic. The pandemic-driven rise in health consciousness has instigated a large portion of the population to increase drug consumption against various seasonal infections, thus, fuelling the cases of drug overdose. However, the marketโs business is one to watch in the projected timeframe as pharmaceutical companies start to revamp their production capabilities and the vaccination tally rises.
Key Takeaways
The methadone hydrochloride market is anticipated to grow at a CAGR of 4.0% during the forecast period owing to the rapid adoption across the healthcare sector and growing drug approvals. For instance, in November 2021, the U.S. Food and Drug Administration (FDA) approved the Bupivacaine-Meloxicam (Zynrelef, Heron Therapeutics) combination as it reduced both opioid use and pain in patients undergoing hernia repair.
Given the territorial landscape, the North American region is establishing itself as a major player in the global methadone hydrochloride market, owing to rapid adoption in rehabilitation centers and a high prevalence of opioid abuse.
Also standing out in the global methadone hydrochloride market is the Asia Pacific region, which is driven by increasing drug addiction in urban areas and the growing use of methadone in post-surgery treatments.
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Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Methadone Hydrochloride Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Methadone Hydrochloride Industry Impact
Chapter 2 Global Methadone Hydrochloride Competition by Types, Applications, and Top Regions and Countries
2.1 Global Methadone Hydrochloride (Volume and Value) by Type
2.3 Global Methadone Hydrochloride (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Methadone Hydrochloride Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Methadone Hydrochloride Market Analysis
Chapter 6 East Asia Methadone Hydrochloride Market Analysis
Chapter 7 Europe Methadone Hydrochloride Market Analysis
Chapter 8 South Asia Methadone Hydrochloride Market Analysis
Chapter 9 Southeast Asia Methadone Hydrochloride Market Analysis
Chapter 10 Middle East Methadone Hydrochloride Market Analysis
Chapter 11 Africa Methadone Hydrochloride Market Analysis
Chapter 12 Oceania Methadone Hydrochloride Market Analysis
Chapter 13 South America Methadone Hydrochloride Market Analysis
Chapter 14 Company Profiles and Key Figures in Methadone Hydrochloride Business
Chapter 15 Global Methadone Hydrochloride Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
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