The global demand for Opioids 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 2022 - 2028.
Opioids reduce pain and tension by including molecules that relax muscles and relieve discomfort. Prescription opioids are typically used to treat moderate to severe pain, while they can also be used to treat cough and diarrhea. Some of the most often used prescription opioids are hydrocodone, oxycodone, codeine, fentanyl, methadone, morphine, and others. Opioids, which range in strength from mild to severe, are the most widely given medications for chronic pain. These analgesics treat severe chronic pain in people who have terminal conditions and manage pain in cancer patients.
Because of the spike in demand for perfect products for treating pain, cough, and diarrhea, the opioid market is likely to grow significantly during the forecast period. The rise in the senior population, which is particularly susceptible to orthopedic pain, is one of the essential drivers driving the market's expansion. Furthermore, an increase in disposable income in developing nations, among other factors, contributes to market expansion. However, factors such as the global rise in opioid addiction (opioid crisis) and the installation of strict regulatory rules for opioid prescription are expected to stifle market growth.
The research 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. The growth and trends of opioids industry provide a holistic approach to this study.
This section of the opioids market report provides detailed data on the segments 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 Type
- Pain Management
- Cough Treatment
- Diarrhea Treatment
This section covers the regional outlook, which accentuates current and future demand for the Opioids 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 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 market include Purdue Pharma L.P., AstraZeneca Plc., C.H. Boehringer Sohn AG and Ko., Johnson & Johnson, Inc., Sanofi S.A., Mallinckrodt pharmaceuticals, Endo Pharmaceuticals Inc., Pfizer Inc., Sun Pharmaceuticals, Teva pharmaceuticals. 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.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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Frequently Asked Questions (FAQs) about this Report
b. In 2021, the global market size for Opioids was worth USD 4.69 Billion.
b. Between 2023 and 2028, the worldwide Opioids market growth is projected to be nearly 4.2%.
b. North America accounts for the largest market share of the global Opioids market.
b. The Global Opioids is segmented by Product Type, Codeine, Fentanyl, Oxycodone, Methadone, Morphine, Hydrocodone, Others, by Application, Pain Management, Cough Treatment, Diarrhea Treatment.
b. The leading players in the Global Opioids Market are Purdue Pharma L.P., AstraZeneca Plc., C.H. Boehringer Sohn AG and Ko., Johnson & Johnson Inc., Sanofi S.A., Mallinckrodt pharmaceuticals, Endo Pharmaceuticals Inc., Pfizer Inc., Sun Pharmaceuticals, Teva pharmaceuticals.