Last updated: January 6, 2025
Introduction
The pharmaceutical market is a complex and dynamic sector, influenced by various factors including regulatory changes, technological advancements, and market demand. This article focuses on the market analysis and price projections for the drug identified by the National Drug Code (NDC) 24385-0413, which is associated with a specific over-the-counter (OTC) medication.
Drug Overview
NDC 24385-0413: Good Neighbor Pharmacy Mucus Relief PE PE
The drug with NDC 24385-0413 is Good Neighbor Pharmacy Mucus Relief PE PE, an OTC medication labeled and distributed by AmerisourceBergen Drug Corp. This product is a combination of guaifenesin and phenylephrine hydrochloride, commonly used to relieve symptoms of the common cold, such as congestion and cough[1].
Market Size and Growth
The OTC pharmaceutical market, which includes products like Good Neighbor Pharmacy Mucus Relief PE PE, is a significant segment of the broader pharmaceutical industry. As of 2024, the global OTC pharmaceutical market is growing steadily, driven by increasing consumer preference for self-medication and the availability of a wide range of OTC products.
Price Trends
Historical Pricing
To analyze the price trends of NDC 24385-0413, we need to look at historical pricing data. However, specific price data for this NDC is not readily available in the provided sources. Generally, prices for OTC medications can fluctuate based on factors such as production costs, market demand, and competition.
Market Dynamics
The pricing of OTC medications like Good Neighbor Pharmacy Mucus Relief PE PE is influenced by several market dynamics:
- Competition: The presence of similar products from other manufacturers can drive prices down.
- Regulatory Environment: Changes in regulatory requirements can affect production costs and subsequently prices.
- Consumer Demand: Seasonal variations in demand, such as during cold and flu seasons, can impact pricing.
Forecasting Price Projections
Industry Trends
The overall pharmaceutical market, including the OTC segment, is expected to grow due to several factors:
- Technological Advancements: Improvements in manufacturing and distribution can reduce costs and enhance efficiency.
- Consumer Preferences: Increasing preference for self-care and over-the-counter medications is driving market growth[3].
Economic Factors
Economic conditions, such as inflation and changes in healthcare policies, can also influence price projections. For instance, economic downturns might lead to price stability or reductions to maintain consumer affordability.
Clinical and Market Impact
Clinical Relevance
Good Neighbor Pharmacy Mucus Relief PE PE is clinically relevant as it addresses common cold symptoms effectively. The combination of guaifenesin and phenylephrine hydrochloride provides both expectorant and decongestant properties, making it a popular choice for consumers.
Market Position
In the market, this product competes with other OTC cold and cough medications. Its market position is influenced by factors such as brand recognition, pricing strategy, and distribution channels.
Regulatory Framework
FDA Oversight
The FDA plays a crucial role in regulating OTC medications, including those with NDC 24385-0413. The National Drug Code Directory maintained by the FDA ensures that all finished and unfinished drugs, including OTC products, meet certain standards and are properly listed and tracked[5].
Future Outlook
Predictions for 2025
Given the trends in the pharmaceutical industry, here are some predictions for the future of Good Neighbor Pharmacy Mucus Relief PE PE:
- Increased Demand: With a growing preference for self-medication, the demand for OTC cold and cough medications is likely to increase.
- Price Stability: Prices may remain stable or see minor adjustments based on production costs and market competition.
- Innovative Formulations: There could be a shift towards more innovative formulations or delivery methods, such as extended-release tablets or gels, which might impact pricing and market positioning.
Key Takeaways
- Market Growth: The OTC pharmaceutical market is expected to grow, driven by consumer preferences and technological advancements.
- Price Stability: Prices for Good Neighbor Pharmacy Mucus Relief PE PE are likely to remain stable, influenced by competition and regulatory factors.
- Clinical Relevance: The product remains clinically relevant due to its effective combination of guaifenesin and phenylephrine hydrochloride.
- Regulatory Compliance: The product must comply with FDA regulations, ensuring safety and efficacy.
FAQs
1. What is the generic name of the drug with NDC 24385-0413?
The generic name of the drug is guaifenesin/phenylephrine hydrochloride.
2. Who is the labeler for Good Neighbor Pharmacy Mucus Relief PE PE?
The labeler for this product is AmerisourceBergen Drug Corp.
3. What are the active ingredients in Good Neighbor Pharmacy Mucus Relief PE PE?
The active ingredients are guaifenesin and phenylephrine hydrochloride.
4. How does the FDA regulate OTC medications like Good Neighbor Pharmacy Mucus Relief PE PE?
The FDA regulates OTC medications through the National Drug Code Directory, ensuring that all products meet certain standards and are properly listed and tracked.
5. What factors influence the pricing of OTC medications like Good Neighbor Pharmacy Mucus Relief PE PE?
Pricing is influenced by factors such as competition, regulatory environment, consumer demand, and economic conditions.
Sources
- FDA Report: NDC 24385-925 Oral Tablet Good Neighbor Pharmacy Mucus Relief PE PE.
- DrugPatentWatch: Drug Price Trends for NDC 66993-0423.
- TFS CRO: 5 Predictions for the Biopharma and Biotech Industries in 2025.
- Drug Development: NSCLC MARKET - Global Drug Forecast & Market Analysis to 2025.
- FDA: National Drug Code Directory.
