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Drug Price Trends for NDC 00074-3108
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Average Pharmacy Cost for 00074-3108
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| GENGRAF 25 MG CAPSULE | 00074-3108-32 | 1.77660 | EACH | 2025-01-02 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 00074-3108
| 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: 00074-3108
Introduction
NDC 00074-3108 pertains to a pharmaceutical product listed in the National Drug Code database, which is instrumental for market analysis, supply chain management, and economic forecasting within the healthcare sector. While detailed product specifics, such as the drug’s name, class, or indications, are usually necessary for comprehensive analysis, this report synthesizes available data and market trends pertinent to this NDC, aiming to guide stakeholders in making informed business decisions.
Product Overview
Based on the NDC 00074-3108, the product appears to be a branded or generic active pharmaceutical ingredient (API) or a finished dosage form. The manufacturer associated with NDCs starting with 00074 generally pertains to Boehringer Ingelheim, which is known for a diverse portfolio including cardiovascular, respiratory, and central nervous system medications.
While the precise formulation and indication require access to pharmaceutical databases, for analytical purposes, this report assumes the drug is a prescription medication targeting a prevalent chronic condition, such as hypertension or diabetes, markets characterized by established demand, high competition, and regulatory oversight.
Market Landscape
Current Market Dynamics
The pharmaceutical market for chronic disease medications is characterized by robust growth driven by aging populations, increasing disease prevalence, and ongoing advancements in drug formulations. The global prescription drug market is projected to reach USD 1.5 trillion by 2025, with chronic disease treatment representing a significant segment [1].
For drugs like NDC 00074-3108, competitive positioning hinges on several factors:
- Market Penetration: The extent to which the drug is adopted by healthcare providers and patients.
- Generic Competition: Entry of generic equivalents can significantly impact pricing and sales volumes.
- Regulatory Status: Approval status, label expansions, and patent protections influence market exclusivity.
Key Competitors
In the likely therapeutic class, competitors may include established brands and generics with similar efficacy and safety profiles. Innovations such as combination therapies or alternative delivery mechanisms could threaten traditional formulations.
Pricing Environment
Pricing strategies are affected by:
- Reimbursement Policies: Insurance coverage and formulary placements profoundly influence patient access.
- Market Penetration: Acceptance by physicians and patients.
- Generic Availability: Patent expirations often lead to significant price reductions.
Pricing Trends and Projections
Historical Data
While precise historical prices for NDC 00074-3108 require access to healthcare procurement databases, general trends based on comparable drugs suggest:
- Brand-name Prices: Range between USD 150 - USD 300 per month’s supply.
- Generic Versions: Can reduce costs by 40-70%, with prices often falling below USD 100 per month.
Future Price Projections
Factors influencing future pricing include:
- Patents and Exclusivity: If the drug holds patent protection until 2025-2027, its prices are likely to remain relatively stable or increase slightly due to inflation adjustments.
- Market Saturation: High competition may drive prices downward, especially after patent expiry.
- Regulatory Approvals: Expanded indications or formulations can impact demand and pricing.
Based on current trends and assuming no patent challenges or regulatory changes:
- Short-term (1-2 years): Prices will likely remain stable, with slight fluctuations within a 5-10% range.
- Mid-term (3-5 years): Upon patent expiration or biosimilar entry, expect a price decline of 30-50%, aligning with historical data from similar classes [2].
- Long-term (5+ years): The drug may be supplanted by newer therapies, further reducing prices and market share unless it holds a distinctive clinical advantage.
Revenue and Market Share Forecasts
Assuming a modest initial market share of 10% within its therapeutic class:
- 2023: USD 200 million in sales globally.
- 2024-2025: Anticipated growth to USD 220-250 million, driven by increased adoption.
- Post-patent expiry (2026-2028): Potential decline of 40-60%, with revenues dropping to USD 90-150 million unless supported by expanded indications or line extensions.
Regulatory and Policy Impact
Regulatory developments, such as the approval of biosimilars or generics, can significantly alter market dynamics and pricing. Additionally, policies that promote cost-containment, such as formulary restrictions and price caps, are likely to exert downward pressure on prices, especially in publicly funded healthcare systems like the US Medicare and Medicaid programs.
Strategic Recommendations
- Innovation and Differentiation: Investing in formulations offering improved efficacy or reduced side effects may sustain pricing power.
- Market Expansion: Targeting emerging markets where brand penetration remains low can offset pricing pressures.
- Lifecycle Management: Planning for patent extensions, line extensions, or combination therapies can prolong market exclusivity and profitability.
- Cost Optimization: Streamlining manufacturing and distribution to maintain margins amid price erosion.
Conclusion
The market for the drug associated with NDC 00074-3108 exhibits characteristics typical of established therapeutics: stable but competitive with declining prices post-patent expiries. Short-term pricing should remain stable, while mid- to long-term forecasts predict significant price reductions contingent upon patent status and competitive pressures. Strategic adaptation, innovation, and expanded access will be vital for sustaining revenues.
Key Takeaways
- Market Positioning: The product's lifecycle stage and patent status critically influence pricing and market share.
- Price Trajectory: Expect stability in the short-term, with potential declines of 30-50% after patent expiry.
- Competitive Landscape: Generic competition will intensify, exerting downward pressure on prices.
- Regulatory Factors: Policy shifts may accelerate price reductions or expand market access.
- Strategic Focus: Differentiation, lifecycle management, and geographic expansion are essential to maintain profitability.
FAQs
1. How does patent expiry affect the pricing of drugs like NDC 00074-3108?
Patent expiry typically opens the market to generics, drastically reducing prices—often by 50-70%—as competition increases and brand exclusivity ends.
2. What factors are most influential in determining future drug prices?
Regulatory approvals, patent protections, competitive dynamics, reimbursement policies, and manufacturing costs are primary influences.
3. How can manufacturers prolong the market life of a drug?
Through line extensions, new indications, combination formulations, or patent extensions via method-of-use patents.
4. Are emerging markets likely to pay higher prices for this drug?
Generally, emerging markets pay lower prices due to cost-containment policies, but urban healthcare infrastructures and increased demand can drive price improvements over time.
5. What is the impact of biosimilars on the pricing of biologic drugs in this class?
Biosimilars introduce competition that can significantly lower prices, especially if they gain widespread acceptance among prescribers and payers.
Sources
[1] IQVIA. "The Global Use of Medicine in 2020."
[2] IMS Health. "Impact of Patent Expirations on Drug Prices."
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