Worldwide sales of the controlled substances closed in on a valuation of US$ 67,000 Mn in 2018, and are projected to record a Y-o-Y growth at 3.5% in 2019, according to a new Fact.MR study. The study opines that depressants and stimulants have been top-selling class of drugs in the controlled substances market, however gains from marijuana are expected to record over 2X faster growth than all the other controlled substances in 2019 and beyond.
Approval of medical marijuana has been on a significant uptick in various states of the US, trailed by the legalization in Canada for both recreational and medicinal use recently. This has tremendously contributed to the popularity of cannabis stocks, alongside efforts of leading controlled substance manufacturers toward eliminating legal barriers and attracting investor interest. The study estimates marijuana sales in 2019 to record a Y-o-Y growth at 9.3% over 2018.
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Pain Management Remains Leading Application of Controlled Substances
The study opines that pain management will continue to account for over one-fourth share of the controlled substances market in 2018. Several regulatory norms being implemented in the prescription of controlled substances for pain management, such as in Georgia, Michigan, and Florida, have further triggered the preference and adoption of controlled substances to manage and treat chronic as well as acute pain. Attention deficit hyperactivity disorder (ADHD), and anxiety are other medical conditions wherein controlled substances are expected to witness promising future prospects, according to the study.
The entrance of pharmaceutical giants in the cannabis sector of Canada alludes the next significant trend in the controlled substances industry, offering additional credibility to the sector. Although the pharmaceutical part of the expression involves the missing link, an ongoing trend of M&A and entrance of these legacy industries is poised in 2019 and the foreseeable future. There has been a drought in direct investments from the pharmaceutical industries in the licensed medical marijuana producers, it is highly likely that the trend would change, as the US witnesses the federal legalization of cannabis. Big pharmaceutical companies that eye collaborations and partnerships with cannabis producers having competitive differentiation circling their R&D initiatives, commercialization efforts, and clinical trial programs, are likely to witness significant revenue generation in the near future.
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Ensuring effective and safe management of controlled drugs continues to remain an imperative agenda among pharmacists, which in turn has led the focus on fundamental changes including reviewing of liquid CD management and CD documentation to realize substantial improvements. The pharmacists are also adhering to the operational standards, completely aware about the way CDs are managed, along with identifying potential drawbacks and reporting concerns regarding non-conformance. This will result in adherence to appropriate steps that ensure apt prescription of quantities when dispensing controlled substances to patients.
This Fact.MR report also offers an accurate forecast of the controlled substances market for the period between 2018 and 2028. The controlled substances market is envisaged to record a CAGR of 4% through 2028.
The continuing spread of Coronavirus (COVID-19) amongst major global economies has become an important factor of concern for import and export activities.
Learn how companies in the Controlled Substances market size are responding to the Coronavirus crisis by gaining efficacy in alternative strategies that are stabilizing various business activities.
Browse through our latest research analysis on COVID-19 and its impact on the global market landscape.Why Choose Fact.MR?One of the fastest-growing market research companies in IndiaFacilitating the growth of regional as well as global clientsPassionate, dynamic, and experienced team of analystsA unique and methodical market research processRound the clock customer service available Request Sample Report @ https://www.factmr.com/connectus/sample?flag=S_id=2032The report on the global Controlled Substances market published by Fact.MR provides a clear understanding of the flight of the Controlled Substances market over the forecast period (2018 to 2028).
The study introspects the various factors that are tipped to influence the growth of the Controlled Substances market in the upcoming years.
The current trends, growth opportunities, restraints, and major challenges faced by market players in the Controlled Substances market are analyzed in the report.Worldwide sales of the controlled substances closed in on a valuation of US$ 67,000 Mn in 2018, and are projected to record a Y-o-Y growth at 3.5% in 2019, according to a new Fact.MR study.
Further, a qualitative and quantitative analysis of the Controlled Substances market based on data collected from various credible sources in the market value chain is included in the report along with relevant tables, graphs, and figures.Relevant Takeaways from Report:Marketing and promotional strategies adopted by prominent market playersHistoric, current, and projected valuation of the Controlled Substances marketOverview of the regulatory framework governing the different aspects of the Controlled Substances marketRecent advancements in the Controlled Substances market landscapeIn-depth analysis of the different segments of the Controlled Substances marketControlled Substances SegmentationBy Product TypeThe report highlights the product adoption pattern of various products in the Controlled Substances market and provides intricate insights such as the consumption volume,OpioidsCodeinMorphineFentanylBy End-User,Pain ManagementDepressionSeizureAnxietyKey Players The global Controlled Substances market expected to be fragmented due to the low to medium presence of international and local market players.
The global mobile controlled robots market is projected to value USD 8 billion, expanding at a CAGR of 15% during the forecast period from 2017 to 2023.
The report suggests that robot manufacturers, increasing application areas, sensor manufacturers, automatic system providers, and other factors are projected to bolster the market.Where several markets have been strained skeptically due to the disruption of COVID-19, the global mobile controlled robots market has demonstrated a constructive market outlook.
We will provide an impact analysis report on COVID-19.
Key PlayersThe most promising organizations of the worldwide mobile controlled robots market are Honda Motor Co., Ltd. (Japan), iRobot Corporation (U.S.), Lockheed Martin (U.S.), GeckoSystems Intl.
Corp. (U.S.), KUKA AG (Germany), Bluefin Robotics Corporation (U.S.), Google, Inc. (U.S.), Adept Technology, Inc. (U.S.), Northrop Grumman Corporation (U.S.), ECA Group (France), and a few others.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4169Market Segmentation The worldwide mobile controlled robots market can be segmented on the basis of environment, end-user, components, and geography.
The Program Controlled Digital Exchangers Market report gives top to bottom examination and experiences into advancements affecting organizations and endeavors on worldwide and local level.
The report covers the worldwide Program Controlled Digital Exchangers Market execution regarding income commitment from different sections and incorporates a definite investigation of key patterns, drivers, restrictions, and openings impacting income development of the worldwide Program Controlled Digital Exchangers market.The report helps the new participants in the worldwide Program Controlled Digital Exchangers Market to settle on arranged choices upgrading their organizations.
It presents the profound investigation of the benefits and misfortune insights, thing esteem, fabricating capacities, dissemination channels, and grasping characterizations of the worldwide Program Controlled Digital Exchangers Market.DOWNLOAD FREE SAMPLE REPORT @ https://www.indexmarketsresearch.com/report/program-controlled-digital-exchangers-market-2/434560/#requestforsampleThis report features raw numbers of the Program Controlled Digital Exchangers Market in prior years.
The exploration report centers around a scope of revisions done in the worldwide Program Controlled Digital Exchangers Market to improve its advancement execution.
It likewise shows a complete investigation of the Program Controlled Digital Exchangers Market.Also, writers have audited mechanical advancements, market driving elements, existing and arising Program Controlled Digital Exchangers market sections just as SWOT investigation, venture return and achievability examination to assist the peruser with shaping prevailing business inclinations, worthwhile business techniques.
The investigation of new upgrades in development, complete profiles of significant contenders, and extraordinary model examination have consolidated here.
