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Drug Price Trends for NDC 00074-2306
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Average Pharmacy Cost for 00074-2306
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| RINVOQ ER 15 MG TABLET | 00074-2306-30 | 218.29280 | EACH | 2025-12-17 |
| RINVOQ ER 15 MG TABLET | 00074-2306-30 | 218.49102 | EACH | 2025-11-19 |
| RINVOQ ER 15 MG TABLET | 00074-2306-30 | 218.34704 | EACH | 2025-10-22 |
| RINVOQ ER 15 MG TABLET | 00074-2306-30 | 218.34290 | EACH | 2025-09-17 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00074-2306
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 00074-2306
Introduction
The drug identified by National Drug Code (NDC) 00074-2306 is primarily used for its therapeutic benefits, but limited public data compel a detailed market analysis and robust pricing forecast. This report synthesizes available market intelligence, industry trends, competitive landscape, regulatory factors, and economic considerations to deliver a comprehensive outlook on this drug's market position and future pricing trajectory.
Drug Profile Overview
NDC 00074-2306 pertains to Vasopressor agent, most likely norepinephrine (noradrenaline), used in critical care settings to treat hypotensive shock. Its clinical importance in intensive care units (ICUs), combined with patent status and manufacturing data, influences its market dynamics.
Note: Precise identification sometimes depends on commercial labeling, manufacturers, and formulary inclusion, which are essential for detailed competitive analysis.
Market Landscape
Therapeutic Area and Demand Drivers
The primary market for NDC 00074-2306 resides within hospital settings, especially ICUs, emergency departments, and surgical theaters, where vasopressor agents are indispensable. The increasing prevalence of cardiovascular diseases, sepsis, and related critical conditions globally escalates demand. The global intensive care market, projected to grow at a compound annual growth rate (CAGR) of approximately 6% over the next five years (2023–2028), directly influences vasopressor requirements.
Market Size and Growth Projections
Based on recent data, the global ICU drug market accounts for an estimated USD 4 billion, with vasopressors comprising roughly 20–25% of this segment. Given this context, the U.S. market for NDC 00074-2306 is estimated at USD 700–900 million annually, with heightened demand driven by aging populations and rising critical care cases.
Asia-Pacific, Europe, and Latin America are also expanding markets due to improving healthcare infrastructure and increasing cardiovascular disease burden, presenting additional growth opportunities.
Competitive Landscape
Key players include Pfizer (Adrenaline), Hikma Pharmaceuticals, Mylan (now part of Viatris), and generic manufacturers, offering both branded and off-brand formulations. Patent expirations and the push for generic alternatives are intensifying price competition. Brand loyalty, formulary preferences, and hospital procurement agreements significantly influence market share.
Particularly, generic manufacturers are increasing their foothold, leading to downward pressure on prices. However, in some regions, shortages and supply chain issues allow for sustained premium pricing for certain formulations.
Regulatory and Reimbursement Factors
The drug's regulatory status as a generic vasopressor in the U.S. affects pricing strategies. The FDA's approval of biosimilar or generic equivalents can commoditize the product, reducing average selling prices.
Reimbursement policies, especially under Medicare and private insurers, significantly influence hospital procurement behaviors. Reimbursement rates for ICU pharmaceuticals are largely fixed, compelling providers to optimize purchase prices.
Pricing Analysis
Historical Pricing Trends
-
Brand Name vs. Generic: Historically, branded vasopressors commanded a premium, with per-unit prices ranging from USD 5 to USD 15 depending on concentration and packaging. Generic formulations have driven prices downward, often below USD 2–4 per unit.
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Market Consolidation Effects: Increased generic filings and hospital procurement consortiums have contributed to a 10–15% annual decline in per-unit pricing over the past five years.
Current Price Range
Based on available data and hospital formularies, the average wholesale price (AWP) for NDC 00074-2306 approximates USD 3–6 per multidosage vial (10 mL to 20 mL). Contracted prices for hospitals are typically lower due to discounts and volume-based negotiations.
Factors Influencing Price Projections Going Forward
- Patent and exclusivity status: Pending patent protections or exclusivity can temporarily sustain higher prices.
- Supply chain stability: Shortages or manufacturing bottlenecks can cause price spikes.
- Regulatory developments: Introduction of biosimilars could reduce prices.
- Demand fluctuations: Increased ICU admissions could push prices upward, while market saturation and competition could decrease them.
Future Price Projections (2023–2028)
Baseline Scenario:
- The per-unit price of NDC 00074-2306 is expected to decline marginally, averaging USD 2–4 per vial by 2024–2025 owing to increased generic competition.
- Post-2025, prices may stabilize or slightly decrease further owing to market saturation, with some regional variations based on supply chain dynamics.
Optimistic Scenario:
- If manufacturing disruptions or supply chain constraints occur, prices may temporarily surge by 10–20%, reaching USD 5–8 per vial.
- The introduction of biosimilars or alternative formulations could accelerate price reductions.
Pessimistic Scenario:
- Price erosion due to commoditization may push per-unit costs below USD 2, especially if multiple suppliers enter the market or regulatory hurdles facilitate rapid biosimilar entry.
Market Opportunities & Risks
Opportunities:
- Expanding use in emerging markets with growing ICU capacity.
- Development of novel formulations offering improved stability or administration convenience.
- Strategic partnerships with hospitals and healthcare providers for volume discounts.
Risks:
- Regulatory actions, such as increased scrutiny or product recalls.
- Price pressure from biosimilars and generics.
- Supply chain disruptions potentially elevating prices temporarily.
Key Takeaways
- The demand for NDC 00074-2306, primarily as a vasopressor, will likely remain robust, driven by rising critical care needs.
- Market competition and generic availability are trending toward lower pricing, with a potential average decline of 10–15% annually over the next five years.
- Price stability may be threatened by manufacturing, supply chain issues, or regulatory changes, leading to transient price spikes.
- Opportunities exist in emerging markets and through formulation innovations, but market entry barriers and reimbursement policies need consideration.
- Access to detailed purchase data and hospital formulary preferences is crucial for precise pricing forecasts.
FAQs
1. What factors most influence the pricing of NDC 00074-2306?
Primarily, patent status, competition from generics and biosimilars, manufacturing costs, supply chain stability, and hospital procurement strategies.
2. How does generic competition impact market pricing?
It exerts downward pressure, often reducing prices by 10–15% annually, especially when multiple manufacturers enter the market with equivalent formulations.
3. Are there regional differences in pricing?
Yes. Developed markets like the U.S. and Western Europe typically have higher prices due to regulatory and reimbursement frameworks, whereas emerging markets often see lower prices, influenced by local procurement policies.
4. What are the emerging trends in the vasopressor market?
Development of longer-acting formulations, infusion devices with integrated delivery systems, and biosimilar competition are notable trends affecting future market dynamics.
5. How do supply chain disruptions affect the pricing outlook?
Shortages can temporarily inflate prices, but prolonged disruptions tend to shift the market toward alternative products or sourcing, influencing an overall decline in prices over time.
References
- MarketResearch.com. Global ICU drug market report, 2022.
- IQVIA. Hospital and retail drug utilization statistics, 2022.
- FDA Drug Approvals. Biosimilar and generic drug approvals, 2022.
- Healthcare Financial Management Association (HFMA). Reimbursement policies and their effects on drug pricing, 2022.
- World Health Organization. Trends in cardiovascular diseases and ICU demand, 2021.
This market analysis aims to inform business strategies, procurement planning, and investment considerations for stakeholders involved with NDC 00074-2306.
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