Controlled Substances Market Will Generate New Growth Opportunities By 2025

Posted by Aniket Ankushrao on July 15th, 2019

Pharmaceutical industry has many segments of drugs which is used in manufacturing of tablets, capsules and other treatment products. Some of the drugs are legal, which can used for manufacturing but some of the drugs are illegal, which cannot be used by pharmaceutical industry for manufacturing and the drugs are also not available in the market, without proper permission from respective government associations. Controlled substances come under illegal drugs which need government permission to be used by pharmaceutical industry, research institutes and others for manufacturing of drugs. Controlled substances is a category of addictive drugs, if the person is caught with controlled substances can be taken under law for penalty or prison in some cases. Controlled substances as cocaine or heroin, LSD, peyote, oxycontin, opium and others. The legal act has also been made by federal government, known as Controlled Substances Act of 1970 (CSA).  

Controlled Substances Market: Drivers & Restraints

Controlled substances market is growing market over the forecast period, as the pharmaceutical industries are getting the license for using controlled substances in medical use for manufacturing tablets, capsules and other products. According to WHO 5.5 billion people or 83% of the world’s population, in the country with low or non-existent access to controlled medicines for the treatment. The approval process and government regulation are the hindrances including the high cost.

Controlled substances market is a developing market as some of the pharmaceutical industries are using for developing the product for the treatment, the schedule II drugs are mostly used in drug market for managing the drug abuse persons, pain management, and mostly in Oncology treatment. For manufacturing schedule II drugs, the manufacturers have to follow certain rules, prescribed by the government, as all the manufacturing should be monitors under CCTV cameras, intruder alarm system, fortified external walls and doors and all the level of production should be properly documented.

As a geography conditions the Controlled Substances Market is segmented into: North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa. North America has the major potentials in terms of uses of the drugs. Europe and Asia-Pacific are the growing market in terms of awareness, especially U.K has maximum uses of codeine in the specific drugs and syrups.

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Some players in controlled substances as Albany Molecular Research Inc. (AMRI), Genzyme Corporation, Pharmaceutical Product Development, LLC. (PPD), Glatt Air Techniques , Inc., Isolation Systems, Inc., UPM Pharmaceuticals Inc, Chemic Laboratories, Inc. and Cerilliant Corporation, Patheon Inc.https://www.transparencymarketresearch.com/