Market Analysis and Price Projections for the Drug NDC: 51079-0572
Understanding the National Drug Code (NDC)
To analyze the market and price projections for a specific drug identified by its NDC (National Drug Code), it is crucial to understand what the NDC represents. The NDC is a unique, three-segment number that identifies the labeler, product, and trade package size of a drug product. For the NDC 51079-0572, each segment provides specific information:
- Labeler Code (51079): Assigned by the FDA, this identifies the firm that manufactures, repackages, or relabels the drug.
- Product Code (057): Assigned by the firm, this identifies a specific strength, dosage form, and formulation.
- Package Code (2): Also assigned by the firm, this identifies the package size and type[1][5].
Market Trends in the Pharmaceutical Industry
Global Pharmaceutical Market Growth
The global pharmaceutical market is expected to see robust growth driven by several factors, including ageing populations, emerging market demand, and the introduction of new products. In 2024 and 2025, global pharmaceutical output is forecast to increase by 3% and 4%, respectively[3].
Regional Growth
Regions such as the Asia Pacific and the Middle East are expected to have the largest annual growth rates. In the United States, pharmaceutical output is projected to increase by 2.9% in 2024 and 2.5% in 2025, driven by an ageing population and increased demand for weight-loss drugs[3].
Drug Price Inflation and Market Outlook
Overall Drug Price Inflation
Vizient projects a 3.81% overall drug price inflation rate for pharmaceuticals in 2025. This projection is influenced by factors such as the expanding indications of previously approved medications and the introduction of high-cost cell and gene therapies[2].
Impact of High-Cost Therapies
High-cost cell and gene therapies, such as those for inherited blood disorders and pediatric neurological conditions, are expected to significantly impact provider budgets. These therapies can range from $250,000 to $4.25 million per dose, highlighting the need for health systems to prepare for these novel therapeutics[2].
Specific Market Analysis for NDC 51079-0572
To provide a detailed market analysis and price projection for the drug with NDC 51079-0572, we need to identify the specific drug product associated with this NDC.
Identifying the Drug Product
Using the FDA's National Drug Code Directory, one can look up the specific drug product associated with the NDC 51079-0572. This directory contains information on active and certified finished and unfinished drugs, including prescription and over-the-counter drugs, approved and unapproved drugs, and repackaged and relabeled drugs[5].
Price Projections
General Price Trends
Given the general trend of drug price inflation, it is likely that the price of the drug associated with NDC 51079-0572 will increase. However, the exact percentage of this increase would depend on various factors such as the drug's therapeutic class, market competition, and regulatory changes.
Therapeutic Class Impact
If the drug falls under a therapeutic class that is experiencing significant growth or innovation, such as immunotherapies or targeted therapies in the NSCLC market, it could see higher price increases. For example, immunotherapies in the NSCLC market are projected to reach $17.5 billion in sales by 2025, with key drugs like Keytruda, Opdivo, and Tecentriq achieving blockbuster status[4].
Example: NSCLC Market
Immunotherapies and Targeted Therapies
In the NSCLC market, drugs like Keytruda, Opdivo, and Tecentriq are driving significant growth. If the drug associated with NDC 51079-0572 is part of this market, it could benefit from the overall growth trends in this sector. However, patent expirations and the introduction of generics can also impact prices negatively[4].
Regulatory and Compliance Factors
FDA Regulations
The FDA's regulatory environment, including drug listing and registration requirements, can influence the pricing and availability of drugs. Ensuring compliance with FDA regulations is crucial for maintaining market presence and avoiding price disruptions[1][5].
Conclusion
The market analysis and price projections for the drug with NDC 51079-0572 depend on several factors, including the specific therapeutic class, market trends, and regulatory compliance. Here are some key takeaways:
- Market Growth: The pharmaceutical market is expected to grow, driven by ageing populations and new product introductions.
- Price Inflation: A general trend of 3.81% drug price inflation is projected for 2025, influenced by high-cost therapies and expanding indications.
- Therapeutic Class: The specific therapeutic class of the drug will significantly impact its price trends.
- Regulatory Compliance: Adherence to FDA regulations is essential for maintaining market presence and stable pricing.
Key Takeaways
- Global Market Growth: Pharmaceutical output is forecast to increase globally, with significant growth in the Asia Pacific and Middle East regions.
- Drug Price Inflation: Overall drug price inflation is projected at 3.81% for 2025, with high-cost therapies being a major factor.
- Therapeutic Class Impact: The price trend of the drug will be influenced by its therapeutic class and market competition.
- Regulatory Compliance: Compliance with FDA regulations is crucial for maintaining market presence and stable pricing.
- Specific Drug Analysis: Identifying the specific drug product associated with NDC 51079-0572 is necessary for detailed market analysis and price projections.
FAQs
Q: What is the National Drug Code (NDC) and how is it structured?
A: The NDC is a unique, three-segment number that identifies the labeler, product, and trade package size of a drug product. The structure includes a labeler code, product code, and package code[1][5].
Q: What are the key drivers of global pharmaceutical market growth?
A: Key drivers include ageing populations, emerging market demand, and the introduction of new products[3].
Q: What is the projected drug price inflation rate for 2025?
A: Vizient projects a 3.81% overall drug price inflation rate for pharmaceuticals in 2025[2].
Q: How do high-cost therapies impact the pharmaceutical market?
A: High-cost therapies, such as cell and gene therapies, significantly impact provider budgets and operational processes, driving up costs and necessitating strategic planning by health systems[2].
Q: What role does regulatory compliance play in drug pricing and market presence?
A: Regulatory compliance with FDA regulations is essential for maintaining market presence and stable pricing, as non-compliance can lead to price disruptions and market exclusion[1][5].
Sources
- FDA - National Drug Code Database Background Information
- Vizient - Pharmacy Market Outlook
- Atradius - Industry Trends Pharmaceuticals September 2024
- GlobalData - NSCLC MARKET - Global Drug Forecast & Market Analysis to 2025
- FDA - National Drug Code Directory
