Controlled Substance Market Size, Share, Trends, Growth, Consumption, Production, Revenue and Forecast 2020 - 2027

The global controlled substance Market size surpassed US$ 65 Bn in 2019 and is expected to reach US$ 116 billion by 2027 with a noteworthy CAGR of 7.1% during the forecast period of 2020 to 2027.

Some prescription medicines are controlled under the Misuse of Drugs legislation. These medicines are called controlled substances or controlled drugs. Doctors can prescribe all controlled medicines to treat an illness or injury. Controlled substances such as opioids are highly addictive. These medications are often not safe, but they provide relief from certain indications such as pain management. The Centers for Disease Control and Prevention (CDC) and other governing bodies provide guidance to physicians for the safe prescribing of controlled substances, especially opioid medications.

Growth of the global controlled substance market can be attributed to the rise in the demand for the treatment for pain management, ADHD, hormonal disorder, and sleep disorders, across the globe. Asia Pacific is a highly lucrative market for controlled substances, due to the increase in the aging population and the availability of new drug formulations to treat different conditions.

Rise in Target Population of ADHD to Drive Controlled Substance Market

• Attention deficit/hyperactivity disorder (ADHD) may affect all aspects of a child’s life. It impacts not only the child, but also the parents and siblings, causing disturbances to the family and marital functioning.
• The prevalence of this disorder has been increasing, globally. According to data provided by the National Health Interview Survey (NHIS), the prevalence rate of diagnosed ADHD among children and adolescents aged 4 to 17 was 10.2% in 2015-2016 as against 9.4% in 2013-2014. This high rate of diagnosed patients requires drugs such as amphetamine for treatment, and this is likely to drive the market.
• The approval of products that are based on controlled substances for specific indications in recent years is expected to drive the global controlled substance market. For instance, in 2018, GW Pharmaceuticals received FDA approval for its product - EPIDIOLEX (Cannabidiol), for the treatment of seizures associated with Lennox-Gastaut syndrome (LGS) or Dravet syndrome.

Opioid Drugs to be a Lucrative Section of Controlled Substance Market

• Based on drugs, the global controlled substance market has been divided into opioids, stimulants, depressants, and cannabinoids. The opioids segment is further classified as codeine, morphine, fentanyl, hydrocodone, tramadol, oxycodone, and others. The stimulants segment has been divided into amphetamine, methylphenidate, dextroamphetamine, methamphetamine, modafinil and others. The depressants segment is classified as barbiturates and benzodiazepines.
• Opioids dominated the global controlled substance market in 2018. However, the cannabinoids segment is projected to grow at a faster rate in the global market till the end of 2027, due to its extensive application in the medical field. It has shown efficacy in treating chemotherapy-related nausea and vomiting, poor appetite in advanced HIV, and multiple sclerosis-associated spasticity. 

Pain Management Application Prominent in Controlled Substance Market

• In terms of application, the global controlled substance market has been segmented into ADHD, pain management, depression, sleep disorder, cough suppression, anxiety, seizure, and others.
• Pain management dominated the global controlled substance market in 2019, owing to the large number of patients using opioids to treat pain. According to the American Society of Addiction Medicine (ASAM), appropriate opioid prescription provides effective pain control in cancer patients. 

Retail Pharmacies Lucrative Sales Channel in Controlled Substance Market

• Based on distribution channel, the global controlled substance market has been segmented into hospital pharmacies, retail pharmacies, and online pharmacies.
• The retail pharmacies segment is expected to be a highly lucrative segment from 2020 to 2027. It is anticipated to grow at a high CAGR during the forecast period.
• Growth of the segment can be mainly attributed to the easy accessibility of some controlled substance drugs as over-the-counter drugs, and wide availability of all types of scheduled drugs 

North America to Dominate Global Controlled Substance Market

• On the basis of region, the global controlled substance market has been divided into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global controlled substance market in 2018.
• New product approvals and high incidence rate of ADHD among children in North America are some of the factors responsible for the growth of market in this region.
• Asia Pacific is a lucrative market for controlled substances, especially for drugs such as oxycodone, due to the high demand among doctors in Asia to treat cancer pain. The market in Asia Pacific is projected to expand at a high CAGR during the forecast period, due to the increase in the aging population, coupled with a rise in the patient pool affected by different diseases, and increase in investments by major players in the region for different activities, such as research.

Competitive Landscape

• AbbVie, Inc., Mallinckrodt plc, and Teva Pharmaceutical Ltd., are some of the leading players in the global controlled substance market.
• The global controlled substance market is fragmented in terms of number of players. Key players in the global market include Hoffmann-La Roche AG, AbbVie, Inc., Mallinckrodt plc, Pfizer, Inc., Sun Pharmaceuticals Ltd., Ampac Fine Chemicals, GW Pharmaceuticals plc, Merck & Co., Inc., Lannett, and Teva Pharmaceutical Ltd.
• New product approvals for specific indications, widespread distribution channels, and higher R&D investments are some of the key strategies adopted by major players operating in this market. 

Market Segmentation

By Drug

• Opioids
  • Codeine
  • Morphine
  • Fentanyl
  • Hydrocodone
  • Tramadol
  • Oxycodone
  • Others
• Stimulants
  • Amphetamine
  • Methylphenidate
  • Dextroamphetamine
  • Methamphetamine
  • Modafinil
  • Others
• Depressants
  • Barbiturates
  • Benzodiazepines
• Cannabinoids

By Application

• • ADHD
  • Pain Management
  • Depression
  • Sleep Disorder
  • Cough Suppression
  • Anxiety
  • Seizure
  • Others

By Distribution Channel

• • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

By Region

• • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Scope of the Report

The report on the global controlled substance market studies the past as well as current growth trends and opportunities to gain valuable insights of the same indicators for the said market for the forecast period of 2020 to 2027. The report provides the overall market revenue of the global controlled substance market for the period of 2017 - 2027, with 2020 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global controlled substance market for the forecast period.

The controlled substance market report has been prepared after extensive primary and secondary research. Primary research involves bulk of the research efforts, wherein, analysts carry out interviews with key opinion leaders, industry leaders, and opinion makers. Extensive secondary research involves referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global controlled substance market.

Secondary research also includes Internet sources, statistical data from government agencies, websites, and trade associations. Analysts have employed a combination of the top-down and bottom-up approach to study various phenomena in the global controlled substance market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments and sub-segments included in the scope of the study of the controlled substance market. Furthermore, the report sheds light on the changing competitive dynamics in the global controlled substance market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the global controlled substance market.

The report delves into the competitive landscape of the global controlled substance market. Key players operating in the global controlled substance market have been identified, and each one of them has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOTs are some of the attributes of players in the global controlled substance market that have been profiled in this report.

Key Questions Answered in the Controlled Substance Market Report

1. What is the sales/revenue generated by each drug across all regions in the controlled substance market during the forecast period?
2. What are the opportunities in the global controlled substance market?
3. What are the major drivers, restraints, opportunities, and threats in the controlled substance market?
4. Which region is likely to expand at the fastest CAGR in the global controlled substance market during the forecast period?
5. Which controlled substance drug and application segments are expected to generate the highest revenue, globally, in 2027? Which segment is projected to expand at the highest CAGR during the forecast period?
6. What was the market share or position of different companies operating in the global controlled substance market in 2018?

Global Controlled Substance Market – Research Objectives and Research Approach

The comprehensive report on the global controlled substance market begins with an overview of the said market, followed by the scope and objectives of this study. Following this, the report provides a detailed explanation of the objectives behind this study, regulatory scenario, pipeline analysis of upcoming different scheduled drugs for medical use, and key mergers & acquisitions to combat in the market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into small sections. The entire report comprises an exhaustive collection of graphs and tables appropriately interspersed in the entire compilation. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows the comparison of the market shares of key segments in the past and at the end of the forecast period.