Codeine Market - Uses, Interactions, Mechanism of Action, Dosage, Side Effects, and Addiction: challenges and opportunities Analysis, 2021 – 2026
Global Codeine Market Analysis
Codeine is an opioid medication that is commonly used to treat and manage mild to moderate pain, severe discomfort, dry annoying cough, diarrhea, and cold and flu symptoms (when combined with antihistamines and decongestants). Pain alleviation, sleep, joy, and happiness are all effects of opioids when they interact with opioid receptors in the brain. Codeine occurs in a variety of forms, including pills, capsules, and solutions/syrups, and is commonly ingested.
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In the therapy and management of symptoms and cough, codeine is commonly utilized. High incidence of pain owing to an ageing population in major regions like North America and Asia-Pacific is likely to fuel global codeine market growth over the forecast period.
As per the National Health Interview Survey (NHIS) statistics from 2016, it was projected that 20.4 percent (50.0 million) of individuals in the U.S. suffer from chronic pain, with 8.0 percent (19.6 million) having from high-impact chronic pain.
As per a research released by the National Center for Biotechnology Information (NCBI) in 2015, roughly 19.6% of people aged 20 to 60 years old globally struggle with low back pain.
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Due to the high presence of important companies in the area and their approval and introduction of innovative products in the territory, the North American codeine market is projected to keep a leading position in the global codeine market and contribute the largest market share during the forecast period.
Tris Pharma, Inc. got FDA permission and released Tuzistra XR (codeine polistirex and chlorpheniramine polistirex), a prolonged oral suspension, CIII (DEA Schedule III) in the United States in 2015. Tuzistra XR is used to cure and relieve cough and other symptoms caused by upper respiratory allergies or a common cold in individuals over the age of 18.
In the coming years, strict rules in key areas for codeine formulation are projected to be a major factor limiting the global codeine market's growth. In February 2018, Australia's Therapeutic Goods Administration categorized codeine, which was formerly accessible over-the-counter, as a prescription-only pharmaceutical. The reason for this categorization was that long-term usage of codeine-containing medications can lead to addiction.
In 2017, Health Canada suggested banning the sale of non-prescription codeine. Codeine's reclassification as a prescription medicine is projected to stifle its sales and uptake, limiting the global codeine market's growth during the forecast period.
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Major companies contributing in the global codeine market are Larken Laboratories, Inc., Wraser Pharmaceuticals LLC, Teva Pharmaceutical Industries Ltd., Nexgen Pharma, Inc., Johnson & Johnson, Tris Pharma Inc., Sun Pharmaceutical Industries Limited, and Aurobindo Pharma Limited.
Table of Content
Global Codeine Market Research Report
Section 1: Global Codeine Industry Overview
Section 2: Global Economic Impact on Codeine Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Codeine Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Codeine Market Forecast
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