The study on the Controlled Substances market Fact.MR offers a deep comprehension of the market dynamics such as drivers the challenges, trends, and opportunities. The report further elaborates on the micro and macroeconomic aspects that are anticipated to shape the rise of the Controlled Substances market during the forecast period (2019-2029).
The study elucidates the key indexes of Market expansion which comes with a thorough analysis of the value series, CAGR growth, and Porter’s Five Forces Analysis. This data will enable readers to understand the Controlled Substances market’s growth parameters.
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Analytical Insights Contained at the Report
- Estimated revenue Rise of the Controlled Substances market throughout the prediction phase
- Factors expected to Help the growth of the Controlled Substances market
- The growth potential of the Controlled Substances marketplace in various regions
- Consumption, pricing arrangement, and adoption pattern of this Controlled Substances
- Company profiles of top players at the Controlled Substances market
Key Word Market Segmentation Assessment
The increase prospects of this marketplace in several Regions are thoroughly analyzed in the report along with vital information such as economic prognosis of each region, political, and the regulatory framework.
- GW Pharmaceuticals has announced its plan of epidiolex (CBD or cannabidiol) development program in 2018, to combat infantile spasms, which according to the company is the fourth largest target indication for its program of epidiolex orphan pediatric epilepsy development.
- Molecular Science Corporation and Canopy Growth entered into a strategic collaboration in 2018, to pioneer standardized testing methods for analyzing and enhancing the efficacy of cannabis testing, its safety awareness and product knowledge.
- Aphria Incorporation has signed an exclusive agreement with Colcanna SAS for extending its medical cannabis sales in Columbia. Aphria eyes to leverage the large distribution footprint of Colcanna SAS to market its MMJ products in Columbia.
Key players operating in the controlled substances market, as identified in the report, include CANNABIS SATIVA, INC., The Peace Naturals Project, Canopy Growth Corporation, GW PHARMACEUTICALS PLC, Takeda Pharmaceutical Company Limited, Teva Pharmaceuticals, Inc., Mallinckrodt plc, SAFC/Cerilliant, Noramco, Inc., Johnson Matthey, Siegfried AG, AMRI, Cayman Chemical, Consort Medical, Patheon, and Cambrex.
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Electronic Prescribing of Controlled Substances – A Key Trend
Electronic prescribing of controlled drugs, which emerged as a key trend in the past decade focusing on adoption and utility, has witnessed a paradigm shift toward quality- and optimization-based developments in the past few years. This has further led to an increased efficiency of processes associated with physicians, such as reduced follow-up times for detecting errors owing to time saved from procuring them electronically. Encouraging access to electronic health records for the same has further resulted in timely product validation and verification prior to procurement. As of 2018, nearly 22 states in the US have current or impending legislations for electronic prescribing of controlled substances.
New Laws Implemented on Opioids
The Opioid Reduction Act was implemented by the West Virginia Department of Health and Human Resources, setting limitations on the opioid prescriptions, and enabling patients to place directives in their medical files apropos of advanced treatment that involve opioid medications. Additionally, the legislation enables patients top opt out of treatment with opioids in advance, via filling the form of Voluntary Opioid Advanced Directive. This initiative to reduce the use of opioids, particularly for beginners, is a huge step taken toward turning the tap off in opioid crisis, while preventing new patients from getting addicted to these drugs.
Scope of the Report
This report offers holistic insights on the controlled substances market, along with important numbers such as revenue comparison, Y-o-Y growth comparison, and market share comparison of key segmented identified in the controlled substances market. Key trend affecting the growth of the controlled substances market have also been analyzed in the report, along with their degree of impact intensity on the controlled substances market.
Insights and analysis offered on the controlled substances market in this report are backed by a robust research methodology, which involves a perfect combination of extensive primary and secondary researches. The year 2017 is considered as the base year for forecasting further projections of the controlled substances market for the period between 2018 and 2028.
Comprehensive telephonic interviews have been conducted for gaining first-hand, authoritative information on the controlled substances market’s current scenario and prospects. This information is then used for validating the insights gained from exhaustive secondary researches.
This research methodology adopted for compiling the report on the controlled substances has enabled our analysts to deduce holistic insights into the controlled substances market’s growth prospects. This report serves as an authentic dataset for clients to further their business growth with precarious steps in their future business trajectory.
Research Methodology of this Report.
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The Report aims to resolve the subsequent doubts about the Controlled Substances Market economy:
- What Will be the recent trends which are dictating the rise of the market that is Controlled Substances ?
- What Is the range of invention in the market that is Controlled Substances market arena?
- Just how Will the alterations from the industrial policies in region 1 and region 2 affect the Controlled Substances market’s growth?
- What Is the price of the Controlled Substances market in 2029?
- That Regional economy is predicted to see the CAGR growth during the assessment period?
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