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.
The controlled substances market report highlights the following players:
- Teva Pharmaceuticals, Inc.
- Johnson & Johnson
- Daiichi Sankyo Company
- Takeda Pharmaceutical Company Limited
- Others
The controlled substances market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
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.
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.
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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.
Looking into the global marketspace for controlled substances, Fact.MR has concluded some vital observations which highlights the burgeoning demand for such products.
According to this recently published study titled “Controlled Substances Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028”, it has been revealed that growing preference for medical marijuana over prescription drugs to control headaches, back problems, depression and pain, despite criminalization, indicates current public health structure that believes cannabis moderation becoming outdated.
This assessment carefully unravels essential data associated to prime market specifics including market outlook, demand side trends, pipeline assessment, Y-o-Y growth trend analysis, forecast factors as well as market dynamics that comprise of drivers, opportunity and restraints.Request For Sample Report- https://www.factmr.com/connectus/sample?flag=S_id=2032Popularity of Medical Marijuana Uplifting Investor Interest towards Controlled Substances It has been noticed that approval of medical marijuana has turned out to be a significant boost in various states of the US.
Such events have greatly contributed to the popularity of cannabis shares, together with efforts of leading controlled substance companies toward abolishing legal barriers as well as attracting investor interest.
For example, in Georgia, Florida and Michigan, the triggered preference as well as adoption of controlled substances for treating chronic and acute pain have enhanced.
In addition, attention deficit hyperactivity disorder (ADHD), as well as anxiety are some other medical conditions which are managed using controlled substance.
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.
The study estimates marijuana sales in 2019 to record a Y-o-Y growth at 9.3% over 2018.Request for the Report Summary: https://www.factmr.com/report/2032/controlled-substances-market“The Schedule of Controlled Substances currently positions marijuana in Schedule 1 – the most restrictive one reserved for “high potential for abuse,” “lack of accepted safety” and “no accepted medical use” drugs.
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.Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=2032The 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.
Big pharmaceutical companies that eye collaborations and partnerships with cannabis producers having competitive differentiation circling their R initiatives, commercialization efforts, and clinical trial programs, are likely to witness significant revenue generation in the near future.
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.
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.
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