As per our research report, the Global Metaxalone Market size is expected to grow at a healthy CAGR during the forecast period.
Metaxalone is a white powder used to relax muscles and relieve pain due to strains, sprains, or musculoskeletal problems. It has a sedative and skeletal muscle relaxant effect on the body and helps relieve pain.
With an increase in the number of people who have musculoskeletal disorders such as arthritis, the metaxalone market demand is rising tremendously. An increase in the number of incidents resulting in injury, a growing number of athlete gym establishments, and a rising appeal to exercise in urban society are escalating the growth rate of the metaxalone market to the extent.
Owing to a rise in the number of road accidents due to a lack of adequate facilities and the World Health Organization's and local government bodies' straitening of drug prescribing laws, metaxalone is specifically prescribed to be taken only with a doctor's prescription are the opportunities for metaxalone market. Metaxalone is also used to treat older people suffering from joint, bone, and muscle problems. The growing number of older people in Europe is considered the most profitable demand for metaxalone. Furthermore, Metaxalone has benefited from expanding the pharmaceutical industry in Italy's countries, which is expected to provide multiple growth opportunities.
Side effects associated with metaxalone, such as vomiting, fatigue, fatigue, and irritability, negatively impact consumer development. In conjunction with other central nervous system depressants, Metaxalone has been shown to induce central nervous system distress in people and may cause complications for the government. These are the factors that hamper the market growth.
COVID-19 impact on the global metaxalone market:
The COVID-19 has impacted the market in a negative way overall. The countries' lockdown led to fewer vehicles on the road, and thus fewer road accidents took place. The imposition of national and regional level lockdown has halted numerous outdoor activities, including sports and gymnasiums. It has hampered the growth of the metaxalone market. The research funds which were allotted to the development of this drug have been diverted towards the development of covid19 cure for patients. Pharmaceutical companies have reported the rise in this drug's sales as the countries have started removing lockdown, and people are now living everyday lives.
Market Size Available
2019 to 2025
2020 to 2025
By Indication, End-User, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa
This market research report on the global metaxalone market has been segmented and sub-segmented based on the indication, end-user, and region.
Metaxalone Market – By Indication:
Based on the indication, the Bone pain segment accounts for the largest share in the metaxalone market during the forecast period. Bone pain is expected to register profitable growth during the forecast period. Increasing the case of arthritis due to an unhealthy lifestyle and more accidents will drive market growth. As more outdoor activities take place, the use of metaxalone will increase in the future. The rise in the elderly population in European countries will further drive market growth.
The Muscle pain segment is estimated to stand very next to the bone pain segment during the forecast period and is expected to register positive growth during the forecast period. The increase in population is a significant factor in positive development during the forecast period. An increase in outdoor physical activities related to fitness or daily chores will result in muscle pain, and thus the use of metaxalone will increase. The doctors raising awareness about the drug will impact market growth.
The Joint pain segment is expected to register a reasonable growth rate during the forecast period. The increase in population is a significant factor positively impacting the market growth. The prevalence of unhealthy lifestyles among people, which involves less nutrition intake, has made the joint problem more serious at young age people. It has increased the usage of metaxalone drugs. More research and development is being done in this field, and this will positively impact the market.
The Tunnel Syndrome is expected to register a healthy growth rate during the forecast period. Although tunnel syndrome gets cured, the symptoms can remain. It has led to more funds being allotted for the research and development of this drug. In the near future, we can see a lot of growth in this drug market.
Metaxalone Market – By End User:
Based on End Users, Hospitals hold a significant share in the market due to their easy accessibility and larger selling capacity. The primary reason for this is the easy accessibility of hospitals. Hospitals have a larger selling capacity than others and thus have a significant market share. Hospitals also have more credibility than others, and therefore patients prefer hospitals over other end users.
Clinics have the second-largest market share and are expected to increase in the near future. As more clinics are opened worldwide, the selling capacity will increase, and thus the growth rate will be positive in the future.
Metaxalone Market – By Region:
Regionally, the Americas holds a significant share in the market due to market leaders' presence and the presence of a stellar healthcare system. North America has the highest market share in the world due to market leaders' presence and the presence of a high-quality healthcare system. It will increase at a reasonable rate as the population increases.
Europe is seen as the most lucrative market for metaxalone due to the increasing number of old age populations. Furthermore, development in the pharmaceutical industry concerning Italy's countries has also facilitated numerous growth opportunities for Metaxalone.
With mounting attraction towards athletics and gymnasium, the Asia-based market has created a demand for metaxalone as a pain reliever for players. The increasing population is also a significant factor that will play a role in increasing the growth rate. Straitening medicine prescription rules by the World Health Organization and local Government bodies has opened up tremendous market opportunities for metaxalone globally.
KEY MARKET PARTICIPANTS:
The most promising companies leading the Global Metaxalone Market profiled in this report are Biosynth, Chunghwa Chemical Synthesis and Biotech, Sigma Aldrich, CDI Technology, Angelini, Pfizer, Aurum Pharmatech, Finetech Industry Limited, Biochem, and Oxchem Corporation.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Bone Pain
5.1.3 Muscle Pain
5.1.4 Tunnel Syndrome
5.1.5 Joint Pain
5.1.7 Y-o-Y Growth Analysis, By Indication
5.1.8 Market Attractiveness Analysis, By Indication
5.1.9 Market Share Analysis, By Indication
5.2 End User
5.2.5 Y-o-Y Growth Analysis, By End User
5.2.6 Market Attractiveness Analysis, By End User
5.2.7 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Indication
188.8.131.52 By End User
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Indication
18.104.22.168 By End User
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Indication
188.8.131.52 By End User
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Chunghwa Chemical Synthesis and Biotech
8.3 Sigma Aldrich
8.4 CDI Technology
8.7 Aurum Pharmatech
8.8 Finetech Industry Limited
8.10 Oxchem Corporation
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures