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Last Updated: February 16, 2025

Drug Price Trends for LEVOCARNITINE SF


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Drug Price Trends for LEVOCARNITINE SF

Average Pharmacy Cost for LEVOCARNITINE SF

These are average pharmacy acquisition costs (net of discounts) from a US national survey
Drug Name NDC Price/Unit ($) Unit Date
LEVOCARNITINE SF 1 G/10 ML SOL 70954-0140-10 0.23787 ML 2025-01-22
LEVOCARNITINE SF 1 G/10 ML SOL 70954-0140-10 0.22424 ML 2024-12-18
LEVOCARNITINE SF 1 G/10 ML SOL 70954-0140-10 0.22560 ML 2024-11-20
LEVOCARNITINE SF 1 G/10 ML SOL 70954-0140-10 0.21978 ML 2024-10-23
LEVOCARNITINE SF 1 G/10 ML SOL 70954-0140-10 0.21238 ML 2024-09-18
LEVOCARNITINE SF 1 G/10 ML SOL 70954-0140-10 0.20896 ML 2024-08-21
LEVOCARNITINE SF 1 G/10 ML SOL 70954-0140-10 0.20594 ML 2024-07-17
>Drug Name >NDC >Price/Unit ($) >Unit >Date

Market Analysis and Price Projections for Levocarnitine (L-Carnitine)

Global Market Outlook

The global L-carnitine market, which includes levocarnitine, is experiencing significant growth driven by several key factors. As of 2022, the global L-carnitine market size was valued at USD 203.4 million and is projected to expand at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030, reaching USD 298.7 million by 2030[1][4].

Key Drivers of Market Growth

  • Health-Conscious Consumer Base: The increasing awareness of health benefits associated with L-carnitine, such as muscle repair, reduction in muscle soreness, and weight management, is driving consumer demand. This is particularly evident in North America, where the health-conscious consumer base is expanding rapidly[1].
  • Application in Various Industries: L-carnitine is used in pharmaceuticals, nutraceuticals, and the animal feed industry. Its applications in treating conditions like male infertility, kidney treatment, cardiovascular diseases, and weight reduction further boost its demand[4].
  • Post-Exercise Recovery and Healthy Aging: The rising use of L-carnitine supplementation for post-exercise recovery, weight management, and healthy aging is a significant driver of the market[1][3].

Regional Market Analysis

  • North America: This region dominated the L-carnitine market with a revenue share of 37.9% in 2022. The high prevalence of obesity in countries like the U.S. and Mexico has led to increased consumption of L-carnitine supplements for weight management[1].
  • Asia Pacific: Countries like China and India are experiencing growth in consumption patterns, driving up demand for L-carnitine supplements. This region is expected to show significant growth due to improving end-user demand and expanding populations[3].

Market Segments

  • Healthcare Application: The healthcare segment was the dominant application segment in 2022, occupying over 34.7% of the market. This segment is expected to experience significant growth due to the increasing use of L-carnitine in various health-related applications[1].
  • Animal Feed: The demand from the animal feed industry is another key segment driving the market growth[1].

Pricing and Availability

  • Oral Solution: The cost for levocarnitine (100 mg/mL) oral solution is around $42 for a supply of 118 milliliters. Prices can vary depending on the pharmacy and availability of discounts[2].
  • Injectable Solution: The cost for levocarnitine (200 mg/mL) injectable solution is approximately $155.04 for 20 milliliters. Generic versions are also available, which can be more cost-effective[2][5].
  • Oral Tablets: Levocarnitine oral tablets (330 mg) can cost around $78.62 for a supply of 90 tablets[2].

Competitive Landscape

The L-carnitine market is highly competitive, with several prominent players including:

  • Lonza
  • Northeast Medicines Group Co., Ltd. (NEPG)
  • Biosint S.p.A.
  • Cayman Chemical
  • Merck KGaA
  • Tokyo Chemical Industry Co., Ltd.
  • Ceva
  • Kaiyuan Hengtai Nutrition Co., Ltd.
  • ChengDa Mediciness Co., Ltd.
  • Huanggang Huayang Medicines Co. Ltd.
  • HuBeiYuancheng Saichuang Technology Co., Ltd.[1].

Challenges and Opportunities

  • Pricing Pressure: The market is expected to face pricing pressure due to intense competition and increasing mergers among high-value players[1].
  • Raw Material Efficiency: Opportunities include increased efficiency in raw material production and lower labor costs, particularly in regions like China[3].
  • Research and Development: Continuous R&D activities are contributing to the market growth by enhancing product benefits and expanding applications[3].

Future Market Projections

  • Global Growth Rate: The L-carnitine supplements market is projected to grow at a CAGR of 6% from 2023 to 2033, reaching USD 386 million by 2033[3].
  • Regional Growth: North America is expected to remain a lucrative market, while developing markets like China and India will drive significant growth due to increasing consumption patterns[3].

Key Takeaways

  • The global L-carnitine market is driven by a growing health-conscious consumer base and increasing demand from various industries.
  • North America dominates the market, with significant growth expected in the Asia Pacific region.
  • Pricing varies by form and availability, with oral solutions, injectable solutions, and oral tablets being key formats.
  • The market is highly competitive, with several major players and ongoing R&D activities.
  • Future growth is projected at a CAGR of 4.9% to 2030 and 6% to 2033.

FAQs

1. What are the primary drivers of the L-carnitine market growth? The primary drivers include a growing health-conscious consumer base, increasing demand from the animal feed industry, and the rising use of L-carnitine supplementation for post-exercise recovery, weight management, and healthy aging[1][3].

2. Which region dominates the L-carnitine market? North America dominates the L-carnitine market, with a revenue share of 37.9% in 2022, driven by the expansion of the health-conscious consumer base in the region[1].

3. What are the common applications of L-carnitine? L-carnitine is used in various applications including male infertility, kidney treatment, cardiovascular diseases, weight reduction, and as an ingredient in animal feed, health supplements, functional drinks, and medicines[4].

4. How much does levocarnitine typically cost? The cost of levocarnitine can vary depending on the form: approximately $42 for a 118 milliliter oral solution, $155.04 for a 20 milliliter injectable solution, and $78.62 for a 90-tablet supply of oral tablets[2].

5. What are the challenges faced by the L-carnitine market? The market faces pricing pressure due to intense competition, increasing mergers among high-value players, and potential supply chain disruptions[1][3].

Sources

  1. Grand View Research: L-carnitine Market Size, Share & Trends Analysis Report, 2030.
  2. Drugs.com: Levocarnitine Prices, Coupons, Copay Cards & Patient Assistance.
  3. Future Market Insights: L-carnitine Supplements Market Growth, Forecast to 2033.
  4. Grand View Research: L-Carnitine Market Worth $298.7 Billion By 2030 | CAGR: 4.9%.
  5. Drugs.com: Carnitor Prices, Coupons, Copay Cards & Patient Assistance.

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