, March 24, 2018 ) The North America Methadone Market
was worth USD xx billion in 2017 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2022. Methadone is an opioid, which is sold under the name of Dolophine among others. It is used in treating pain and as a maintenance therapy and to help with tapering in people suffering from opioid dependence.
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Methadone helps in reducing withdrawal symptoms and cravings in people with opioid addiction. Also, it helps in blocking the high sensation in parts of spinal cord and brain which are caused by using opiates. Methadone helps in managing additions in patients who are dependent on morphine, heroin or prescription painkillers. It can be used for long or short durations which depends on the necessity of patient.
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The driving factors of North America 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.
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The North America 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.
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The North America Methadone market is divided based on geography into United States, Canada and Mexico. North America has the largest market for methadone in the world by share. In the North America region, United States has the largest share. Factors such as rising incidence of addiction and growing incidence of people using methadone of chronic pains are expected to drive the market growth 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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