Codeine Market May Set Huge Growth by 2027 | Taiji, Mallinckrodt, TEVA, Johnson & Johnson

The global Codeine market size is expected to reach US$ 194.4 million by the end of 2027, with a CAGR of -5.5% during 2021-2027. Codeine is an prodrug of morphine used to treat pain, coughing, and diarrhea. It is found naturally in the sap of the Papaver somniferum. It is typically used to treat mild to moderate degrees of pain. Greater benefit may occur when combined with paracetamol (acetaminophen) or a nonsteroidal anti-inflammatory drug (NSAID) such as aspirin or ibuprofen. Evidence does not support its use for acute cough suppression in children or adults.

Common side effects include vomiting, constipation, itchiness, lightheadedness, and drowsiness. Serious side effects may include breathing difficulties and addiction. Whether its use in pregnancy is safe is unclear. Care should be used during breastfeeding, as it may result in toxicity in the baby. Its use as of 2016 is not recommended in children. Codeine works following being broken down by the liver into morphine; how quickly this occurs depends on a person's genetics.

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Top Key Players Included in Codeine market Report: Taiji, Mallinckrodt, TEVA, Johnson & Johnson, Medreich, Sanofi Aventis, Cipla, Hikma, Pharmaceutical Associates, Novartis, Apotex, Mylan, Aristo Pharma GmbH, Lannett Company, and Laboratoire Riva

The competitive scenario and product portfolio of important suppliers were covered in this research. The Codeine market covers a competitive landscape of major participants as well as a global Porter's Five Forces model analysis. The market application, segment type, and market size, growth rate, and general attractiveness are all covered in the research report. The global Market research study compiles data on the present market, geographical areas, and sub-regions throughout the world. Marketing techniques, possibilities, and growth considerations are all discussed. The competitive landscape structure, market size estimation, and current industry breakthroughs are discussed.

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Codeine market segment by Type:
Single-ingredient Codeine
Multi-ingredient Medications

Codeine market segment by Application:
Narcotic Analgesic
Antitussive
Others

The pandemic has spread to practically every country on the planet after the COVID-19 outbreak in December 2019. The COVID-19 pandemic has had an impact on several aspects of the market, including the supply chain, corporate investment confidence, public panic, and anxiety about future market expansion. This market research report examines a variety of stakeholders, players, and businesses in the industry. The technical breakthroughs and increasing platforms that are influencing and will influence the progress of global regions were examined in the market research.

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