The global demand for Opioids Drug Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Opioids drugs are prescribed by doctors to treat persistent or severe pain such as chronic headaches and backaches. It works by blocking the pain messages sent from the body to the brain and help relieve the pain. These drugs are generally used by patients recovering from surgery and by adults and children who got hurt while playing or who have been injured in accidents and falls. Codeine, fentanyl, hydrocodone, and morphine are some types of prescribed opioids available in medical stores. Additionally, heroin is an example of an illegal opioid sold in the illegal market for illicit use.
Market Dynamics
The rising prevalence of chronic diseases that cause chronic pain, such as cancer pain, lower back pain, and arthritis, is the primary market driver for the growth of the opioids drug market. Furthermore, an increase in disposable income and a surge in the geriatric population are some of the factors that will boost the market growth. An increase in the consumption of opioids analgesics for relieving pain is expected to expand the opioid drugs market. However, the legalization of cannabis as an alternative to opioids may hamper the market growth of opioids. On the contrary, the easy availability and increase in the use of fentanyl for pain management are supposed to generate lucrative opportunities for this market to flourish.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of opioids drug. The growth and trends of Opioids Drug Industry provide a holistic approach to this study.
Market Segmentation
This section of the opioids drug market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Buprenorphine
- Fentanyl
- Hydrocodone
- Morphine
- Oxycodone
- Tramadol
- Other
By Application
- Pain Relief
- Anesthesia
- Cough Suppression
- Diarrhea Suppression
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Opioids Drug market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Opioids Drug Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the opioids drug market include Acura Pharmaceuticals, Biodelivery Sciences International Inc., Cipher Pharmaceuticals Inc, Allergan, Collegium Pharmaceutical Inc., Daiichi Sankyo, Hikma Pharmaceuticals plc, Indivior Inc., Janssen Pharmaceuticals Inc., and Johnson Johnson. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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