Market Analysis and Price Projections for NDC 10702-0056: Oxycodone Hydrochloride 30 MG Tablet
Introduction
Oxycodone hydrochloride, a potent opioid analgesic, is widely used for managing severe pain. The NDC code 10702-0056 corresponds to a 30 MG tablet formulation of oxycodone hydrochloride. This analysis will delve into the market dynamics, pricing trends, and projections for this specific drug.
Market Context
The prescription drug market, particularly for opioids like oxycodone hydrochloride, is complex and influenced by various factors including regulatory requirements, competition, and consumer demand.
Global Pricing Trends
Globally, the prices of prescription drugs, especially in the U.S., are significantly higher compared to other regions. According to an ASPE report, the average price per unit in the U.S. is 5.5 times higher than in the OECD (excluding the U.S.) and 7.7 times higher than in the rest of the world[3].
U.S. Market Specifics
In the U.S., the pricing of prescription drugs is marked by high variability and significant markups. For instance, a report by the Maine Health Data Organization (MHDO) highlighted that some pharmacies receive greater income for a product than the product’s manufacturer due to reductions in the Wholesale Acquisition Cost (WAC)[2].
Pricing of Oxycodone Hydrochloride
Current Pricing
As of recent data, the WAC for oxycodone hydrochloride 30 MG tablets (NDC 10702-0056) is approximately $0.54 per pill, with a package size of 100 tablets costing around $54.10[1].
Historical Price Trends
Historical data shows that the prices of generic drugs, including oxycodone hydrochloride, have seen fluctuations. While the WAC for generic drugs has generally decreased in some categories, there have been instances of significant price increases. For example, a generic naproxen saw a 2,527% price increase between 2012 and 2021[5].
Price Increases and Decreases
The MHDO report indicates that the percentage of drugs with price increases has decreased over the years, but the average percent of increase remains above the consumer price index (CPI-U). In 2021, the average percent of increase for price increases was 9.90%, higher than the CPI-U of 7.0%[2].
Market Drivers and Challenges
Regulatory Environment
Regulatory requirements and transparency reports play a crucial role in shaping the pricing landscape. For instance, the Prescription Drug Price Transparency Annual Report in Oregon highlighted the variability in the quality of information submitted by manufacturers, which can impact price analysis and projections[5].
Competition and Generic Market
The presence of generic versions of oxycodone hydrochloride increases competition, which can lead to price reductions. However, the market is also subject to sudden and significant price hikes, as seen in the case of some generic drugs[5].
Demand and Supply Dynamics
The demand for oxycodone hydrochloride is driven by the need for effective pain management. However, the opioid crisis and subsequent regulatory measures have led to stricter prescribing guidelines and monitoring, which can affect demand and pricing[4].
Price Projections
Short-Term Projections
Given the current trends, it is likely that the WAC for oxycodone hydrochloride 30 MG tablets will remain relatively stable in the short term, with potential minor adjustments based on market competition and regulatory changes.
Long-Term Projections
In the long term, several factors could influence pricing:
- Regulatory Changes: Stricter regulations or increased transparency requirements could lead to more stable or reduced prices.
- Market Competition: Increased competition from generic manufacturers could drive prices down.
- Global Pricing Trends: The U.S. market may see some alignment with global pricing trends, although this is less likely given the historical pricing disparities[3].
Key Takeaways
- The current WAC for oxycodone hydrochloride 30 MG tablets is around $0.54 per pill.
- Historical price trends show variability with both increases and decreases, influenced by regulatory and market factors.
- Regulatory transparency and competition from generics are key drivers of price stability or reductions.
- Long-term projections suggest potential stability or slight reductions in prices due to increased competition and regulatory oversight.
FAQs
What is the current WAC for oxycodone hydrochloride 30 MG tablets?
The current WAC for oxycodone hydrochloride 30 MG tablets (NDC 10702-0056) is approximately $0.54 per pill.
How have prices for oxycodone hydrochloride changed historically?
Prices have seen fluctuations, with some instances of significant increases, but overall, the trend for generic drugs has been towards stability or slight decreases.
What factors influence the pricing of oxycodone hydrochloride?
Regulatory requirements, competition from generic manufacturers, and global pricing trends are key factors influencing the pricing of oxycodone hydrochloride.
How does the U.S. market compare to global markets in terms of prescription drug prices?
The U.S. market has significantly higher prices compared to other regions, with prices 5.5 times higher than in the OECD (excluding the U.S.) and 7.7 times higher than in the rest of the world[3].
What are the potential long-term price projections for oxycodone hydrochloride 30 MG tablets?
Long-term projections suggest potential stability or slight reductions in prices due to increased competition and regulatory oversight.
Sources
- Pfizer: Information for Vermont Prescribers of Prescription Drugs.
- MHDO: MHDO Rx Transparency Report.
- ASPE: ISSUE BRIEF - International Market Size and Prices.
- DailyMed: Label: OXYCODONE HYDROCHLORIDE tablet.
- Oregon Department of Consumer and Business Services: Prescription Drug Price Transparency Annual Report 2022.
