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Drug Price Trends for TARON-C DHA CAPSULE
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Average Pharmacy Cost for TARON-C DHA CAPSULE
Drug Name | NDC | Price/Unit ($) | Unit | Date |
---|---|---|---|---|
TARON-C DHA CAPSULE | 13811-0536-30 | 0.62571 | EACH | 2025-02-19 |
TARON-C DHA CAPSULE | 13811-0536-30 | 0.63407 | EACH | 2025-01-22 |
TARON-C DHA CAPSULE | 13811-0536-30 | 0.64484 | EACH | 2024-12-18 |
TARON-C DHA CAPSULE | 13811-0536-30 | 0.64826 | EACH | 2024-11-20 |
TARON-C DHA CAPSULE | 13811-0536-30 | 0.65991 | EACH | 2024-10-23 |
TARON-C DHA CAPSULE | 13811-0536-30 | 0.63584 | EACH | 2024-09-18 |
>Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for Taron-C DHA Capsules
Introduction
Taron-C DHA is a prescription multivitamin/mineral supplement designed to provide essential nutrients, including omega-3 fatty acids, to women throughout pregnancy, the postnatal period, and the childbearing years. Here, we will delve into the market analysis and price projections for this product.
Market Demand
Demographic Target
Taron-C DHA is specifically formulated for women in their childbearing years, particularly those who are pregnant or lactating. This demographic is a significant market segment due to the ongoing need for prenatal and postnatal care.
Health Trends
The increasing awareness of the importance of prenatal and postnatal nutrition has driven demand for supplements like Taron-C DHA. Health trends emphasizing maternal and fetal health contribute to a stable and growing market for these products[1].
Market Competition
Similar Products
The market for prenatal and postnatal supplements is competitive, with several brands offering similar products. However, Taron-C DHA's unique formulation, which includes omega-3 fatty acids, sets it apart from some competitors.
Brand Loyalty
Prescription multivitamins often benefit from strong brand loyalty, as healthcare providers and patients tend to stick with trusted brands. Taron-C DHA, being a prescription product, may enjoy this loyalty, which can stabilize market share.
Pricing Factors
Active Ingredients and Formulation
The cost of Taron-C DHA is influenced by the quality and quantity of its active ingredients, including ferrous fumarate, iron, ascorbic acid, folic acid, and omega-3 fatty acids. The complexity of the formulation can impact production costs[1].
Regulatory and Compliance Costs
As a prescription product, Taron-C DHA must comply with stringent regulatory requirements, which can add to its cost. This includes the cost of clinical trials, FDA approvals, and ongoing compliance.
Distribution and Marketing
The pricing strategy also considers the costs associated with distribution, marketing, and sales. Prescription products often have higher marketing costs due to the need for professional promotion and educational campaigns.
Historical Pricing Data
Utilization and Costs
Data from Oklahoma's health care authority shows that the cost per claim for Taron-C DHA capsules has been relatively stable. For example, in Fiscal Year 2021, the cost per claim was $32.84, indicating a consistent pricing trend[4].
Market Volume
The number of claims and total members utilizing Taron-C DHA has shown moderate growth. In Fiscal Year 2021, there were 1,211 claims, which is an increase from previous years, suggesting a growing market demand[4].
Price Projections
Short-Term Projections
Given the stable demand and consistent pricing trends, short-term price projections for Taron-C DHA are likely to remain steady. Any significant changes in raw material costs or regulatory requirements could impact prices, but these are expected to be minimal.
Long-Term Projections
Long-term projections suggest a potential for slight price increases due to inflation and potential changes in healthcare policies or reimbursement rates. However, the demand for prenatal and postnatal supplements is expected to remain strong, supporting stable pricing.
Key Takeaways
- Stable Demand: The ongoing need for prenatal and postnatal care ensures a stable market demand for Taron-C DHA.
- Competitive Market: While the market is competitive, Taron-C DHA's unique formulation and prescription status help maintain market share.
- Pricing Stability: Historical data indicates stable pricing, with potential for slight increases in the long term due to inflation and regulatory changes.
- Regulatory Compliance: Compliance costs are a significant factor in the pricing strategy.
FAQs
What is Taron-C DHA used for?
Taron-C DHA is a prescription multivitamin/mineral supplement used to provide essential nutrients, including omega-3 fatty acids, to women throughout pregnancy, the postnatal period, and the childbearing years.
What are the active ingredients in Taron-C DHA?
The active ingredients include ferrous fumarate, iron, ascorbic acid, folic acid, thiamine mononitrate, riboflavin, niacin, calcium pantothenate, pyridoxine hydrochloride, biotin, cyanocobalamin, cupric sulfate, magnesium sulfate, zinc sulfate, and omega-3 fatty acids[1].
Are there any contraindications or adverse reactions associated with Taron-C DHA?
Yes, there are potential adverse reactions such as gastrointestinal disturbances and allergic sensitization to folic acid. Iron overdosage can be particularly dangerous and requires immediate medical attention[1].
How is Taron-C DHA best absorbed?
Taron-C DHA is best absorbed when taken at bedtime, and taking it after meals may help control occasional gastrointestinal disturbances[1].
Is Taron-C DHA covered by health insurance plans?
Coverage varies by health insurance plan. For example, some plans like UCare may include Taron-C DHA in their formularies, but specific coverage details depend on the plan[2].
Sources
- DailyMed: Taron-C DHA - ferrous fumarate, iron, ascorbic acid, folic acid, thiamine mononitrate, riboflavin, niacin, calcium pantothenate, pyridoxine hydrochloride, biotin, cyanocobalamin, cupric sulfate, magnesium sulfate, zinc sulfate, and omega-3 fatty acids capsule.
- UCare: 2025 Individual & Family Plan — Easy Compare Plans Formulary.
- Oklahoma.gov: Print Annual Reviews for Fiscal Year 2020.
- Oklahoma.gov: Fiscal Year 2021 Print Annual Reviews June 2022.
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