Hydrocodone Market Size

  • Report ID: 3763
  • Published Date: Sep 19, 2024
  • Report Format: PDF, PPT

Hydrocodone Market Size

Hydrocodone Market size is anticipated to witness lucrative growth rate during the forecast period i.e., between 2024-2036. 

The growth of the market can be attributed to the increasing application of hydrocodone in manufacturing drugs, which include, pain killers, paracetamol, cough suppressants, and others. Hydrocodone is an opioid, meaning, it is derived from natural opium, which is why, it is a controlled drug. The growing usage of hydrocodone-based drugs to relieve pain in medical conditions, such as, cancer, arthritis, and surgeries, among others, is estimated to boost the market growth. Moreover, the rising prevalence of cancer across the globe, is further estimated to boost the market growth. According to the data by the World Health Organization (WHO), over 10 million people died due to cancer in 2020.  

Moreover, the growing R&D activities, for the development of new drugs, is estimated to boost the market growth. In addition to this, the increasing investment in the field of medical research by pharmaceutical companies, is projected to propel the market growth. According to the World Bank data, 2.204% of the global GDP was spent for R&D activities in 2018. 


Hydrocodone Market
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Author Credits:  Radhika Pawar


  • Report ID: 3763
  • Published Date: Sep 19, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand for hydrocodone-based painkillers is estimated to boost the market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2022 – 2030.

Regulations regarding the use of narcotics, and the addictive nature of opioids, are estimated to hamper the market growth.

The market in the North America region is estimated to provide more business opportunities over the forecast period, owing to the favorable policies for research involving narcotics for medical use.

The major players in the market are Gilead Sciences, Inc., Novartis AG, Sanofi-aventis Groupe, Abbott Laboratories, Merck & Co., Inc., Siemens Healthcare GmbH, Pfizer Inc., Eli Lilly and Company, BioControl Medical, and others.
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