Methadone Market Size is estimated to reach USD 250 million by the end of 2035, growing at a CAGR of 7% during the forecast period, i.e., 2023-2035. The growth of the market is associated with the increasing prevalence of pain after a post-surgery treatment or treatment. The demand for methadone is driven by these pain-related issues. Methadone helps in reducing the deadly pain that takes place after a therapeutic or post-surgery treatment. As per a report from the U.S. Department of Health and Human Services, in 2019, around 20% of U.S. adults suffered from chronic diseases out of which 4% of adults felt chronic pain from the disease very hard.
Additionally, the growing number of people addicted to multiple opioids such as heroin, and morphine is also a significant factor that is anticipated to drive the growth of this market in the forecast period. Methadone helps an individual get rid of the addiction or dependency on heroin, morphine, or any other prescription painkillers. As per National Survey on Drug Use and Health, indicates that around 6 million adults globally are addicted to Heroin.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023 - 2035 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~USD 150 million |
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Forecast Year Market Size (2035) |
~USD 250 million |
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Regional Scope |
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The global market is segmented and analyzed for demand and supply by form into oral solutions, tablets, intravenous injections, and others. Out of this, the oral solution segment is anticipated to account for the largest market share in the forecast period. Methadone oral solution is liquid methadone that can be prescribed for pain management and addiction treatment. They come in different strengths and can be prescribed to patients who have difficulty swallowing tablets. The growth of the market can be attributed owing to the growing geriatric population suffering from chronic diseases who prefer to consume methadone in the form of an oral solution. This is anticipated drive the growth of this segment in the forecast period. For instance, as per the World Health Organization report, by 2050 the geriatric population is anticipated to grow triple from 146 million to 438 million.
The global methadone market is segmented and analyzed for demand and supply by end users in hospitals, rehab centers, drug stores, research centers, and others. The rehab center segment is estimated to hold the largest market share in the forecast period. This is attributed owing to the number of people globally suffering from heroin, drug, and morphine addiction. To cure them this addiction rehab centers widely make use of this medication. As per data, more than 3 million people are of health conditions seeking the help of rehabilitation.
Our in-depth analysis of the global market includes the following segments:
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By Form |
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By Application |
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By End User |
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North American Market Forecast
The market in the North American region is anticipated to gain the largest market share throughout the forecast period on the back of the high demand for methadone in rehabilitation centers, backed by increasing cases of drug addiction in the region. According to the Centre for Disease Control and Prevalence (CDC) in 2019, 70,630 deaths were caused by drug overdose in the United States. Additionally, the increased prevalence of misery and the increase in substance abuse cases, have further fueled regional expansion. High distress is also associated with an increase in the number of patients using methadone to treat persistent post-operative pain.
APAC Market Statistics
On the other, the market in the Asia-Pacific region is expected to have significant growth in the forecast period. This is owing to the fact that India and China are countries that have high populations, especially geriatric ones. This indicates that people in these countries have chances to get affected by chronic diseases which in turn will drive the growth of the market in the upcoming time.
Europe Market Forecast
The market in the Europe region is estimated to have steady growth in the forecast period. This is ascribed owing to the high obtainment of analgesics. Factors such as the high population suffering from chronic and respiratory diseases in this region are driving the growth of this market in the European region. As discussed in the previous part that methadone helps to treat quite a lot of chronic diseases as well as gives relief to deadly pain the body is suffering from.
Author Credits: Radhika Gupta, Shivam Bhutani
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