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
Opioid Drugs to be a Lucrative Section of Controlled Substance Market
Pain Management Application Prominent in Controlled Substance Market
Retail Pharmacies Lucrative Sales Channel in Controlled Substance Market
North America to Dominate Global Controlled Substance Market
By Distribution Channel
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
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.
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