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Drug Price Trends for JANTOVEN
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Average Pharmacy Cost for JANTOVEN
Drug Name | NDC | Price/Unit ($) | Unit | Date |
---|---|---|---|---|
JANTOVEN 1 MG TABLET | 00832-1211-10 | 0.08889 | EACH | 2025-03-19 |
JANTOVEN 1 MG TABLET | 00832-1211-01 | 0.08889 | EACH | 2025-03-19 |
JANTOVEN 7.5 MG TABLET | 00832-1218-89 | 0.10168 | EACH | 2025-03-19 |
>Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for JANTOVEN (Warfarin Sodium)
Introduction to JANTOVEN
JANTOVEN, a brand name for warfarin sodium, is a vitamin K antagonist used as an anticoagulant to prevent and treat various thromboembolic disorders, including venous thrombosis, pulmonary embolism, and thromboembolic complications associated with atrial fibrillation and cardiac valve replacement[4].
Market Context: Generic Drugs
The global generic drugs market, which includes medications like JANTOVEN (warfarin sodium), is experiencing significant growth. In 2021, the market was valued at approximately USD 392.4 billion and is projected to reach USD 531.8 billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.2%[3].
Pricing of JANTOVEN
The pricing of JANTOVEN can vary based on several factors, including the dosage strength, quantity, and the pharmacy.
Current Pricing
- For a supply of 100 tablets, the cost of JANTOVEN can range from $25.49 for 1 mg tablets to $39.84 for 6 mg tablets. Here is a breakdown of the prices:
- 1 mg: $25.49 for 100 tablets
- 2 mg: $26.18 for 100 tablets
- 2.5 mg: $29.29 for 100 tablets
- 3 mg: $29.37 for 100 tablets
- 4 mg: $29.42 for 100 tablets
- 5 mg: $29.56 for 100 tablets
- 6 mg: $39.84 for 100 tablets[2].
Generic Version
A generic version of warfarin sodium is also available, which can be significantly cheaper. For example, the generic version can cost as low as $12.81 for 30 tablets[2].
Factors Influencing Pricing
Pharmaceutical Market Trends
The increasing demand for generic medicines, driven by their lower prices and the growing use of automation in pharmaceutical manufacturing, is a key factor influencing the pricing of JANTOVEN. The global generic drugs market is expected to continue growing, driven by these factors[3].
Regulatory and Compliance Costs
The costs associated with ensuring regulatory and standards compliance, as well as the use of high-end process automation systems for Research and Development (R&D), can impact the pricing of generic drugs like JANTOVEN[3].
Regional Market Dynamics
North America is projected to dominate the global generic drugs market, which could influence pricing due to regional demand and supply dynamics[3].
Price Projections
Given the current market trends and the projected growth of the generic drugs market, here are some potential price projections for JANTOVEN:
Short-Term Projections
- In the short term, prices for JANTOVEN are likely to remain stable or see minor adjustments based on supply and demand. The availability of generic versions will continue to keep prices competitive.
Long-Term Projections
- Over the next few years, as the global generic drugs market continues to grow at a CAGR of 5.2%, prices for JANTOVEN and its generic counterparts may see a slight decrease due to increased competition and economies of scale in manufacturing.
- By 2028, the market's growth and increased efficiency in production could lead to more affordable pricing for consumers.
Key Takeaways
- Market Growth: The global generic drugs market, including JANTOVEN, is expected to grow significantly, driven by low prices and technological advancements.
- Pricing Stability: Short-term prices for JANTOVEN are likely to remain stable, with potential minor adjustments.
- Long-Term Affordability: Long-term projections suggest that prices could decrease due to increased competition and manufacturing efficiencies.
- Generic Alternatives: The availability of generic warfarin sodium offers a more affordable option for patients.
FAQs
-
What is JANTOVEN used for?
- JANTOVEN is used for the prophylaxis and treatment of venous thrombosis, pulmonary embolism, and thromboembolic complications associated with atrial fibrillation and/or cardiac valve replacement[4].
-
How much does JANTOVEN cost?
- The cost of JANTOVEN varies by dosage strength but generally ranges from $25.49 to $39.84 for a supply of 100 tablets, depending on the strength[2].
-
Is a generic version of JANTOVEN available?
- Yes, a generic version of warfarin sodium is available and can be significantly cheaper, starting at around $12.81 for 30 tablets[2].
-
What factors influence the pricing of JANTOVEN?
- Pricing is influenced by market trends, regulatory and compliance costs, and regional market dynamics[3].
-
What are the long-term price projections for JANTOVEN?
- Long-term projections suggest that prices could decrease due to increased competition and manufacturing efficiencies as the global generic drugs market grows[3].
Sources
- DailyMed - JANTOVEN- warfarin sodium tablet[1]
- Drugs.com - Jantoven Prices, Coupons, Copay Cards & Patient Assistance[2]
- GlobeNewswire - $531.8 Bn Global Generic Drugs Market Forecast by 2022-2028[3]
- Drugs.com - Jantoven: Package Insert / Prescribing Information[4]
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