Market Trends of Dextromethorphan Industry
Tablets Segment is Expected to Witness Healthy Growth Over the Forecast Period
- Dextromethorphan temporarily relieves cough caused by the common cold, the flu, or other conditions such as depressive conditions. Dextromethorphan gives relief from the cough but will not treat the cause of the cough and does not offer speedy recovery. Dextromethorphan belongs to the antitussives class of medication. It works by decreasing activity in the part of the brain that causes coughing.
- The increasing cases of common cold, flu, and depressive disorders across the globe are the key factors propelling the segment's growth over the forecast period. For instance, according to the Center for Disease Control and Prevention (CDC) report published in April 2023, influenza was associated with 9.0 million illnesses, 4.0 million medical visits, and 10,000 hospitalizations in the United States in 2022.
- The same source also stated that flu affects around 8.0% of the United States population annually, and the cumulative hospitalization rate for the 2021 flu season was 0.8 per 100,000 people, while the previous year's flu season saw a hospitalization rate of 66.2 per 100,000 people. Thus, increasing cases of flu across the globe are anticipated to propel the demand for Dextromethorphan, thereby boosting segment growth.
- In addition, product launches and approvals are also anticipated to augment the segment growth. For instance, in October 2022, the Food and Drug Administration (FDA) approved Auvelity (dextromethorphan HBr-bupropion HCl) extended-release tablets, based on efficacy and safety data from the phase 3 GEMINI and phase 2 ASCEND trials and are now available for the treatment of adults with major depressive disorder (MDD). Thus, owing to increasing cases of flu and product approvals, significant segment growth is expected over the forecast period.
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North America is Expected to Witness Considerable Growth Over the Forecast Period
- North America is expected to witness growth over the forecast period. This growth is attributed to several factors, such as the rising cases of flu, a surge in the geriatric population that is more susceptible to medical conditions, and an increasing shift towards self-medication. For instance, according to the report published by the Government of Canada in June 2023, during the 2022 influenza season, 16,126 laboratory-confirmed influenza detections were reported out of 751,900 total laboratory tests.
- Similarly, according to the report published by the New Mexico Department of Health in October 2022, New Mexico influenza-like illness (ILI) activity was around 3.4% of patient visits statewide. Thus, such a high number of influenza patients across the region is expected to increase the demand for dextromethorphan as it is highly effective in managing symptoms of influenza, thereby boosting market growth in this region.
- The increasing cases of the common cold in the United States and the high incidence of flu among the geriatric population in the United States are the major growth drivers for the market in the country. For instance, according to the report published by the American Lung Association in March 2023, adults get an average of two to four colds per year, mainly between September and May, and young children suffer from an average of six to eight colds per year.
- Furthermore, Standford University is currently conducting an open-label crossover pilot study to assess the efficacy and tolerability of dextromethorphan for symptom relief in obsessive-compulsive disorder (OCD) and related disorders in combination with fluoxetine. As of July 2023, the trial was in Phase 2. Thus, owing to a surge in the cases of cold and flu, along with growing research and extending applications of dextromethorphan in other disorders, considerable market growth is anticipated in the North American region over the forecast period.
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