Introduction to NDC Codes and Drug Identification
The National Drug Code (NDC) is a unique identifier assigned to each drug product by the FDA. It helps in tracking and identifying specific drug formulations, strengths, and packaging. The NDC code 42858-0234 is associated with a specific formulation of oxycodone hydrochloride, a commonly prescribed opioid for pain management.
Market Size and Growth
The global market for oxycodone hydrochloride has been growing steadily. As of 2023, the global oxycodone hydrochloride market was valued at US$ 403.9 million and is projected to grow at a significant compound annual growth rate (CAGR)[1].
Price Trends for Oxycodone Hydrochloride
To analyze the price projections for the drug with NDC 42858-0234, we need to look at recent pricing trends for similar formulations.
Historical Pricing Data
For the NDC code 42858-0002, which is another formulation of oxycodone hydrochloride, the prices per unit have fluctuated over the past year:
- As of December 18, 2024, the price per unit was $0.13848.
- On November 20, 2024, it was $0.11861.
- On October 23, 2024, it was $0.16562[1].
This fluctuation indicates that prices can vary based on market conditions, supply chain factors, and regulatory changes.
Market Analysis
US Pharmaceutical Market Overview
The US pharmaceutical market, which includes drugs like oxycodone hydrochloride, is projected to grow significantly. From $846.72 billion in 2022, it is expected to reach $1.28 trillion by 2030, with a CAGR of 5.36%[4].
Factors Influencing Market Growth
Several factors drive the growth of the pharmaceutical market:
- Rising Workplace-Associated Disorders: Increased health issues related to work environments contribute to higher demand for pharmaceuticals.
- Pharmaceutical Production Capacity: Expanded production capacities by major pharmaceutical companies.
- Generic Drug Approvals: Greater approvals of generic drugs reduce costs and increase accessibility.
- R&D Investments: Significant investments in research and development, particularly in AI-based tools for drug discovery[4].
Role of AI in Drug Discovery and Development
AI is revolutionizing the pharmaceutical industry by reducing the time and cost associated with drug discovery. Traditionally, bringing a new drug to market takes 10-20 years and costs over $2.6 billion. AI can fast-track this process to 4-6 years, with potential cost savings and improved success rates[3].
Price Projections for NDC 42858-0234
Given the trends and factors influencing the market:
Short-Term Projections
- Based on recent pricing data for similar formulations, the price per unit for NDC 42858-0234 is likely to fluctuate between $0.10 and $0.17 per unit in the short term, reflecting market volatility and supply chain dynamics.
Long-Term Projections
- As the market grows and AI continues to streamline drug discovery and development, costs associated with production and research may decrease. This could lead to more stable and potentially lower prices in the long term.
- The overall growth of the pharmaceutical market and increased efficiency in production could stabilize prices or lead to slight reductions over the next few years.
Regulatory Considerations
The FDA's National Drug Code Directory plays a crucial role in tracking and updating drug product listings. For any drug, including those with NDC 42858-0234, the directory provides information on marketing start and end dates, which can impact pricing and availability[5].
Industry Expert Insights
"AI is transforming the pharmaceutical industry by accelerating the drug discovery process and reducing costs. This shift is expected to continue in 2025, leading to more efficient and cost-effective drug development," said an industry expert, highlighting the potential for stable or reduced prices due to increased efficiency[3].
Illustrative Statistics
- The global oxycodone hydrochloride market was valued at US$ 403.9 million in 2023[1].
- The US pharmaceutical market is projected to grow to $1.28 trillion by 2030[4].
- AI can reduce drug discovery time from 10-20 years to 4-6 years and cut R&D costs significantly[3].
Key Takeaways
- The global oxycodone hydrochloride market is growing, with a significant CAGR.
- Prices for oxycodone hydrochloride formulations can fluctuate based on market conditions.
- AI is expected to continue streamlining drug discovery and development, potentially leading to more stable or lower prices.
- Regulatory updates and market growth factors will influence price projections.
FAQs
Q: What is the current market size of the global oxycodone hydrochloride market?
A: As of 2023, the global oxycodone hydrochloride market was valued at US$ 403.9 million[1].
Q: How is AI impacting the pharmaceutical industry?
A: AI is reducing the time and cost associated with drug discovery, potentially cutting the process from 10-20 years to 4-6 years and reducing costs significantly[3].
Q: What factors are driving the growth of the US pharmaceutical market?
A: Factors include rising workplace-associated disorders, increased pharmaceutical production capacity, greater approvals of generic drugs, and escalating R&D investments[4].
Q: How does the FDA's National Drug Code Directory impact drug pricing?
A: The NDC Directory provides critical information on marketing start and end dates, which can influence pricing and availability of drug products[5].
Q: What are the long-term price projections for oxycodone hydrochloride formulations like NDC 42858-0234?
A: Long-term projections suggest stable or potentially lower prices due to increased efficiency in production and reduced costs associated with AI-driven drug discovery[3][4].
Sources
- DrugPatentWatch, "Latest drug prices and trends for NDC 42858-0002".
- DrugPatentWatch, "Latest pharmaceutical drug prices and trends for NDC 42806-0006".
- Lewis Silkin LLP, "Life Sciences – Trends and predictions for 2025".
- GlobeNewswire, "US Pharmaceutical Market Review 2020-2023 and Forecast 2024-2030".
- FDA, "National Drug Code Directory".
