Cambodia Codeine Market (2023-2029) | Value, Share, Forecast, Industry, COVID-19 IMPACT, Companies, Size, Trends, Growth, Analysis & Revenue

Topics Covered in the Cambodia Codeine Market

Cambodia Codeine Market report thoroughly covers the market by product type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Cambodia Codeine Market Synopsis

Cambodia Codeine Market is expected to grow on the account of its analgesic (pain-relieving) properties and as a cough suppressant. It is typically available in prescription and non-prescription forms, with various formulations and dosages. Codeine is commonly prescribed to alleviate mild to moderate pain, manage coughs, and, in some cases, for the treatment of diarrhoea’s use of Codeine and its availability in Cambodia, as in many countries, is subject to regulatory approval and control by healthcare authorities. Medications containing Codeine are typically prescribed by healthcare professionals, and their use should be closely monitored due to the potential for misuse, dependence, and side effects.

According to 6Wresearch, the Cambodia Codeine Market size is projected to grow during the forecast period of 2023-2029. There are several products that are driving the growth of the market. Over-the-counter availability of codeine-containing cough syrup in Cambodia has contributed to the drug's misuse. As a result, the country has become a hub for codeine-related health problems, including addiction, dependency, and side effects and this is leading to the expansion of the market. Despite the risks associated with codeine, medical practitioners in Cambodia continue to prescribe the medication without adequate monitoring. This lack of oversight has contributed to the drug's easy availability, and many Cambodians have become dependent on opioids as a result. The demand for codeine-containing medications is high in Cambodia, largely due to the drug's affordability and perceived effectiveness. Many Cambodians are unable to afford more expensive painkillers and turn to codeine-based cough syrups for relief. There are certain challenges present in the market which has les to reduction in Cambodia Codeine Market Share. The misuse of codeine-containing medication is a serious problem in Cambodia, with many people using the drug recreationally or excessively. This has resulted in addiction, dependency, and other health problems. Cambodia’s pharmaceutical sector is not well-regulated, which allows for the easy sale and distribution of codeine-containing cough syrup. This has led to widespread misuse and addiction, with little government intervention to address the problem. The healthcare infrastructure in Cambodia is not well-developed, which makes it difficult to provide effective treatment for those suffering from codeine addiction. This has contributed to the high number of deaths related to opioids in the country.

Government policies and schemes introduced in the Cambodia Codeine Market

The Royal Cambodian Ministry of Health has implemented various policies and initiatives to tackle the Cambodia Codeine Industry. One of its primary policies is the regulation of pharmaceuticals and medical devices. In 2014, the Ministry implemented a list of banned and restricted drugs that included codeine, which restricts its use, advertising, and selling in the country Furthermore, the Ministry also launched a campaign called “Stop the Codeine” in collaboration with the United Nations Office on Drugs and Crime (UNODC). The campaign aimed to raise awareness of the dangers of codeine abuse among youth, medical professionals, and the general public. The Ministry also conducted workshops and training sessions for healthcare professionals to build their capacity to identify and manage those affected by codeine misuse. Apart from government initiatives, various non-governmental organizations (NGOs) have also played a crucial role in eradicating the codeine market in Cambodia. Non-profit organizations like the Cambodian Health Education Media Service (CHEMS) have been at the forefront of raising awareness, particularly among young people, who are most at risk of codeine misuse.

The impact of COVID-19 on the Cambodia Codeine Market

The demand for codeine in Cambodia increased in the early months of the pandemic. People started hoarding codeine-containing cough syrups, over concerns that COVID-19 could lead to respiratory infections that might lead to chronic cough. One of the major concerns with the availability of codeine-containing cough syrups in Cambodia is their abuse. The government had already started clamping down on the abuse of codeine prior to the pandemic. The crisis has left authorities with an added challenge of ensuring that the demand for codeine-containing cough syrups does not foster abuse. The worldwide lockdown has reduced the manufacturing and distribution of drugs globally, and Cambodia is not left out. The COVID-19 pandemic has also affected the way people consume codeine-containing cough syrups. Since people spend more time indoors to comply with health guidelines and lockdowns, the number of respiratory infections has decreased, leading to reduced demand for cough syrups. The Codeine Market in Cambodia may be experiencing a short-term decline in sales. However, with the pandemic still surging in many parts of the world, it is uncertain when the demand for these medications will return to their previous levels.

Leading players in the Cambodia Codeine Market

The key players in the Cambodia codeine market are primarily from Vietnam, China, and India. These players are mostly small and medium-sized manufacturers who produce codeine-containing cough syrups and sell them in bulk to Cambodia. They sell the syrups through various channels, including online platforms, pharmacies, and drug stores. Some of the top players in the market include Vicks, Rhône-Poulenc, and Lipto. Vicks and Rhône-Poulenc are established pharmaceutical companies with a global presence, while Lipto is a local Cambodian company, leading to significant Cambodia Codeine Market Growth.

Market analysis by Product type

According to Shivankar, Research Manager, 6Wresearch, On the basis of product type, Codeine Phosphate segment is expected to witness growth due to its high-water solubility. It is held in high regard as a powerful pain reliever and is frequently prescribed for moderate to severe pain. It is particularly effective for treating dental and postoperative pain, as well as pain associated with cancer. Codeine phosphate is available in tablets, syrups, and injections.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Cambodia Codeine Market Outlook
• Market Size of Cambodia Codeine Market, 2022
• Forecast of Cambodia Codeine Market, 2029
• Historical Data and Forecast of Cambodia Codeine Revenues & Volume for the Period 2019 - 2029
• Cambodia Codeine Market Trend Evolution
• Cambodia Codeine Market Drivers and Challenges
• Cambodia Codeine Price Trends
• Cambodia Codeine Porter's Five Forces
• Cambodia Codeine Industry Life Cycle
• Historical Data and Forecast of Cambodia Codeine Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia Codeine Market Revenues & Volume By Codeine Base for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia Codeine Market Revenues & Volume By Codeine Hydrochloride for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia Codeine Market Revenues & Volume By Codeine Phosphate for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia Codeine Market Revenues & Volume By Other Codeine Salt for the Period 2019 - 2029
• Cambodia Codeine Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Cambodia Codeine Top Companies Market Share
• Cambodia Codeine Competitive Benchmarking By Technical and Operational Parameters
• Cambodia Codeine Company Profiles
• Cambodia Codeine Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By product type

• Codeine Base
• Codeine Hydrochloride
• Codeine Phosphate
• Other Codeine Salt