The Methadone market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Methadone market is estimated to be USD xx billion in 2017 and predicted to rise to USD xx billion by 2022 with a CAGR of xx%. The market is divided by Application (Operation, Detoxification and Others), by Mode of Administration (Injections and Oral Medicine). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The driving factors of global Methadone market are growth in the number of people who are addicted to several opioids such as morphine and heroin. Also, growth in awareness towards the use of these medications and growth in number of people who are seeking help to detoxify their system boosts the market growth. Additionally, since the medication can be used for managing pain, growth in the number of people affected with chronic pain is presumed to raise the demand for this drug. However, the market is constrained due to factors such as side-effects which are caused by the usage of methadone.
The global Methadone market is segmented based on mode of administration and application. By application, the market is divided into operation, detoxification and others. By mode of administration, the market is segmented into injections and oral medicine. Oral medicine is further divided into tablets and liquid.
The Global Methadone market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Methadone in the world, which is followed by Europe and Asia Pacific regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period, owing to rising incidence of drug abuse in the region.
Some of the major players in the market are Diskets, Methadoes, Aurolife Pharma LLC, Macfarlan Smith, VistaPharm, Qinghai Pharm, CentralPharm, Mallinckrodt and Roxane (Boehringer Ingelheim) among others.
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