Drug Price Trends for NDC 54738-0541

Average Pharmacy Cost for 54738-0541

Drug Name	NDC	Price/Unit ($)	Unit	Date
No data available in table

Best Wholesale Price for NDC 54738-0541

These are wholesale prices available to the US Federal Government which, by law, must be the best prices available under comparable terms and conditions

Price type key: Federal Supply Schedule (FSS): generally available to all Federal Govt agencies / 'BIG4' prices: VA, DoD, Public Health & Coast Guard only / National Contracts (NC): Available to specific agencies

Drug Name	Vendor	NDC	Count	Price ($)	Price/Unit ($)	Dates	Price Type
ASPIRIN 325MG TAB	Richmond Pharmaceuticals Inc.	54738-0541-02	500	5.95	0.01190	2024-02-15 - 2029-02-14	FSS
ASPIRIN 325MG TAB	Richmond Pharmaceuticals Inc.	54738-0541-01	100	0.94	0.00940	2024-02-15 - 2029-02-14	FSS

Market Analysis and Price Projections for the Drug NDC: 54738-0541

Introduction to the National Drug Code (NDC)

The National Drug Code (NDC) is a unique, three-segment number that serves as the FDA’s identifier for drugs. The NDC 54738-0541 corresponds to Aspirin 325mg tablets manufactured by Richmond Pharmaceuticals Inc.[5].

Market Context: Overall Pharmaceutical Trends

The pharmaceutical market, including both prescription and over-the-counter (OTC) drugs, is experiencing significant changes and growth. Here are some key trends:

• Specialty Pharmaceuticals: The market is seeing a rise in specialty pharmaceuticals, which treat high-cost, complex, or chronic conditions. This segment is expected to drive a 3.8% increase in drug price inflation, with a projected price increase for specialty medications at 4.18%[2].
• OTC Drugs Market: The U.S. OTC drugs market is estimated to grow from USD 42.80 billion in 2024 to USD 53 billion by 2029, driven by the high cost of prescription drugs and increased OTC drug approvals[3].

Aspirin Market Analysis

Aspirin, a widely used OTC medication, is a staple in many households and medical facilities.

Current State of Aspirin Market

• Price Trends: The prices of Aspirin 325mg tablets, identified by NDC 54738-0541, vary based on the package size. For example, a package of 100 tablets is priced at $0.94, while a package of 500 tablets is priced at $5.95[5].
• Vendor and Distribution: Richmond Pharmaceuticals Inc. is one of the vendors supplying Aspirin under this NDC. The distribution channels include various pharmacies and retail outlets.

Factors Influencing Prices

• Raw Material Costs: Fluctuations in the cost of raw materials can impact the final price of Aspirin.
• Regulatory Environment: Changes in regulatory policies, such as those related to manufacturing and distribution, can affect production costs and subsequently the market price.
• Market Demand: Increased demand, particularly during health crises or public health campaigns, can drive up prices.

Price Projections

Short-Term Projections

• Given the stable demand for Aspirin and the absence of significant changes in raw material costs or regulatory environments, the prices for Aspirin 325mg tablets under NDC 54738-0541 are likely to remain relatively stable in the short term.
• Minor fluctuations may occur based on seasonal demand or temporary supply chain disruptions.

Long-Term Projections

• Over the next few years, the prices might see a slight increase due to general inflation and potential increases in raw material costs.
• The overall pharmaceutical market trend of a 3.8% price increase driven by specialty pharmaceuticals may not directly impact OTC drugs like Aspirin, but it could contribute to a broader inflationary environment that affects all drug prices[2].

Market Competition and Consumer Behavior

• Market Competition: The Aspirin market is highly competitive with multiple manufacturers and brands available. This competition helps keep prices relatively stable.
• Consumer Behavior: Consumers often opt for generic or store-brand versions of Aspirin, which can be cheaper. This behavior can influence the pricing strategy of branded Aspirin products.

Regulatory Considerations

• FDA Regulations: The FDA's National Drug Code Directory ensures that all drug products, including Aspirin, are properly listed and regulated. Any changes in FDA regulations or compliance requirements can impact the production and pricing of Aspirin[1][4].

Conclusion

The market for Aspirin, particularly under the NDC 54738-0541, is expected to remain stable with minor fluctuations in the short term. Long-term projections suggest a potential for slight price increases due to broader market and economic factors.

Key Takeaways

• Stable Demand: Aspirin is a staple medication with consistent demand.
• Regulatory Compliance: Adherence to FDA regulations is crucial for maintaining market presence.
• Market Competition: High competition in the OTC market helps keep prices stable.
• Long-Term Projections: Potential for slight price increases due to inflation and raw material costs.

FAQs

1. What is the National Drug Code (NDC)?

   • The NDC is a unique, three-segment number that serves as the FDA’s identifier for drugs[4].

2. Who manufactures Aspirin under NDC 54738-0541?

   • Richmond Pharmaceuticals Inc. manufactures Aspirin under this NDC[5].

3. What factors influence the price of Aspirin?

   • Factors include raw material costs, regulatory environment, and market demand.

4. How does the overall pharmaceutical market trend affect Aspirin prices?

   • While specialty pharmaceutical trends may not directly impact OTC drugs like Aspirin, broader inflationary trends could influence prices.

5. What is the projected growth rate for the U.S. OTC drugs market?

   • The U.S. OTC drugs market is expected to grow at a CAGR of 4.40% from 2024 to 2029[3].

Sources

1. FDA's National Drug Code Directory - FDA
2. Vizient Projects 3.8% Drug Price Increase Driven by Specialty Pharmaceuticals - Vizient, Inc.
3. U.S. OTC Drugs Market Forecast Report 2024-2029 - GlobeNewswire
4. National Drug Code Database Background Information - FDA
5. Drug prices and trends for ASPIRIN - DrugPatentWatch