Market Overview:
The global codeine API market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing prevalence of chronic pain and rising demand for narcotic analgesics. In addition, growing awareness about the benefits of codeine API is also propelling the market growth. However, stringent regulations by regulatory authorities are restraining the growth of this market. Based on type, Codeine Phosphate segment accounted for a major share in terms of revenue in 2017 and is projected to maintain its dominance throughout the forecast period. This can be attributed to its widespread use as a narcotic analgesic across various regions worldwide. Additionally, Codeine Camphosulfate segment is anticipated to grow at highest CAGR during 2018-2030 owing to its increasing demand as an antitussive agent across various regions globally. On basis of application, Narcotic Analgesic segment held majority share in 2017 and is projected witness highest CAGR over next 10 years owing rising prevalence chronic pain conditions globally coupled with increase in number prescription drugs users .
Product Definition:
An API (Application Programming Interface) is a set of rules and specifications that allow software components to communicate with each other. Codeine API allows different software programs to interact with each other, as well as access the codeine functionality. This is important because it allows different parts of the codeine system to be developed independently, yet still work together seamlessly.
Codeine Phosphate:
Phosphate is added to codeine in the form of a salt for improved oral absorption and stability. The addition of phosphate improves the quality and increases the strength of codeine, which is then sold as cough syrups or tablets. Codeine phosphate has found its usage in various formulations such as OTC drugs, prescription pain relievers (Narcotics), and over-the-counter antihistamine creams among others.
Codeine Camphosulfate:
It is an off-white crystalline compound, which is soluble in water and ethanol. It has a strong odor similar to camphor. Codeine Camphosulfate (CCS) is the most important raw material used for producing codeine. It’s major application includes the production of codeine phosphate, which further gets converted into Morphine Hydrochloride (MOPH), a widely prescribed pain killer drug by doctors across the globe as well as in China.
Application Insights:
The antitussive segment held the largest revenue share of over 40.0% in 2017. The global codeine API market is witnessing significant growth due to rising awareness regarding side effects of opioid analgesics and growing preference for non-opioid based pain management therapies. However, the narcotic analgesic segment is expected to witness the highest CAGR during the forecast period owing to increasing prevalence of chronic pain conditions and high demand for effective treatment options across various regions including North America, Europe, Asia Pacific and Middle East & Africa.
Narcotic analgesic drugs are considered as gateway drugs which eventually lead patients to consume more quantities of opioids causing addiction problems.
Regional Analysis:
Europe dominated the global codeine API market in terms of revenue share in 2016. The presence of well-established healthcare infrastructure and a large number of key players are some factors attributing to its largest share. Moreover, increasing demand for opioid-based painkillers is also expected to drive growth during the forecast period. Asia Pacific is expected to witness lucrative growth over the next eight years owing to rising product consumption coupled with growing awareness regarding its therapeutic benefits. Increasing prevalence of cough and cold conditions among children & adults in this region has created a significant demand for these products as an effective treatment option for relief from cough and fever symptoms respectively.
Growth Factors:
- Increasing demand for Codeine API in the pharmaceutical industry for the treatment of pain and cough.
- Rising prevalence of chronic diseases such as cancer, arthritis, and diabetes which leads to an increase in the demand for Codeine API.
- Growing awareness about the benefits of using Codeine API over traditional painkillers is expected to fuel market growth during the forecast period.
- Technological advancements in Codeine API manufacturing are likely to propel market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Codeine API Market Research Report
By Type
Codeine Phosphate, Codeine Camphosulfate, Others
By Application
Narcotic Analgesic, Antitussive, Others
By Companies
Sanofi, Noramco, Johnson Matthey, Mallinckrodt, Alkaliber, Saneca
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Codeine API Market Report Segments:
The global Codeine API market is segmented on the basis of:
Types
Codeine Phosphate, Codeine Camphosulfate, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Narcotic Analgesic, Antitussive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sanofi
- Noramco
- Johnson Matthey
- Mallinckrodt
- Alkaliber
- Saneca
Highlights of The Codeine API Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Codeine Phosphate
- Codeine Camphosulfate
- Others
- By Application:
- Narcotic Analgesic
- Antitussive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Codeine API Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Codeine API is a prescription drug that is used to relieve pain. It belongs to the class of drugs known as opioids. Codeine API can be obtained through a doctor's prescription.
Some of the key players operating in the codeine api market are Sanofi, Noramco, Johnson Matthey, Mallinckrodt, Alkaliber, Saneca.
The codeine api market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Codeine API Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Codeine API Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Codeine API Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Codeine API Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Codeine API Market Size & Forecast, 2018-2028 4.5.1 Codeine API Market Size and Y-o-Y Growth 4.5.2 Codeine API Market Absolute $ Opportunity
Chapter 5 Global Codeine API Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Codeine API Market Size Forecast by Type
5.2.1 Codeine Phosphate
5.2.2 Codeine Camphosulfate
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Codeine API Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Codeine API Market Size Forecast by Applications
6.2.1 Narcotic Analgesic
6.2.2 Antitussive
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Codeine API Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Codeine API Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Codeine API Analysis and Forecast
9.1 Introduction
9.2 North America Codeine API Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Codeine API Market Size Forecast by Type
9.6.1 Codeine Phosphate
9.6.2 Codeine Camphosulfate
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Codeine API Market Size Forecast by Applications
9.10.1 Narcotic Analgesic
9.10.2 Antitussive
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Codeine API Analysis and Forecast
10.1 Introduction
10.2 Europe Codeine API Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Codeine API Market Size Forecast by Type
10.6.1 Codeine Phosphate
10.6.2 Codeine Camphosulfate
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Codeine API Market Size Forecast by Applications
10.10.1 Narcotic Analgesic
10.10.2 Antitussive
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Codeine API Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Codeine API Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Codeine API Market Size Forecast by Type
11.6.1 Codeine Phosphate
11.6.2 Codeine Camphosulfate
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Codeine API Market Size Forecast by Applications
11.10.1 Narcotic Analgesic
11.10.2 Antitussive
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Codeine API Analysis and Forecast
12.1 Introduction
12.2 Latin America Codeine API Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Codeine API Market Size Forecast by Type
12.6.1 Codeine Phosphate
12.6.2 Codeine Camphosulfate
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Codeine API Market Size Forecast by Applications
12.10.1 Narcotic Analgesic
12.10.2 Antitussive
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Codeine API Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Codeine API Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Codeine API Market Size Forecast by Type
13.6.1 Codeine Phosphate
13.6.2 Codeine Camphosulfate
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Codeine API Market Size Forecast by Applications
13.10.1 Narcotic Analgesic
13.10.2 Antitussive
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Codeine API Market: Competitive Dashboard
14.2 Global Codeine API Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sanofi
14.3.2 Noramco
14.3.3 Johnson Matthey
14.3.4 Mallinckrodt
14.3.5 Alkaliber
14.3.6 Saneca