Global "Opioids
Market" 2025 Industry
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In this report, we
thoroughly examine and analyse the Global market for Opioids so that market
participants can improve their business strategy and ensure long-term success.
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ideas to give them a competitive advantage in the global Opioids industry. It
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Global Opioids Market is
anticipated to reach USD 34.96 billion by 2025. Opioids are the drugs that act
on Nerve system to relieve pain. Opioids imply psychoactive compounds that can
be made in laboratory or occur naturally. Opioids generally act as a pain
reliever and it is safe when taken for the small duration of time; that too, as
per doctor’s prescription. However, when opioids are taken in high quantity it
leads to risk of mortality and dependence in patients. To treat severe and
moderate pain opioids are mainly used.
In addition, the prevalence
of disease situations with long-lasting pain, such as cancer, arthritis,
fibromyalgia, and lower back pain is propelling the market. Significant
increase in road accidents and trauma combined with repeatedly growing cases of
surgical methods are driving the demand for opioid-based pain management
solutions. On the other hand, legalization and emergence of cannabis as a
substitute to opioids obstruct the development of the opioids market and it is
anticipated to grow at a significant CAGR of 4.8% in the upcoming period as the
scope, product types, and its applications are increasing across the globe.
Opioids Market may be
explored by Product Outlook, applications, by dosage forms, and geography.
Opioids Market may be explored by Product Outlook as
Immediate-Release/Short-Acting, could explored as (Codeine, Opioid, Oxycodone,
Hydrocodone, Propoxyphene, Fentanyl, Hydroxymorphone, Morphine, Oxymorphone,
Other IR), Extended-Release/Long-Acting Opioid could explore as (Methadone,
Oxycodone, Fentanyl, Morphine, Oxymorphone, Hydromorphone, Tapentadol,
Hydrocodone, Buprenorphine, Other ER).
The
“Extended-release/Long-Acting Opioid” segment dominated the market in 2016 and
is anticipated to maintain its dominance by 2025 due to factors such as growth
of innovative dose distributers such as high usage of these constituents for
chronic pain organization and transdermal patches. The profits share of
immediate-release opioids, comprising morphine, codeine, oxymorphone, and
hydromorphone, is anticipated to decline due to frequent product recalls, and
severe adverse effects.
Opioids Market may be
explored by Applications as Pain Relief, (Cancer pain Low-back pain,
Orthopedic, Fibromyalgia, Neuropathic pain, Postoperative pain management,),
Cough Suppression, Deaddiction, Diarrhea Suppression, and Anesthesia. The “pain
relief” segment dominated the market in 2016 and it is anticipated to maintain
its dominance by 2025 due to factors such as growth of combination drug
therapies that deliver improved synergistic outcome and are harmless.
“Anesthesia” is anticipated to be the fastest rising segment throughout the
upcoming period owing to factors such as high and safety drug effectiveness.
The market may be explored by dosage forms as liquids, lozenges, transdermal
patches, and pills.
North America accounted for
the major share of the global Opioids Industry and will continue to rule the
roost in the forecast period due to increasing aged populace with terminal
circumstances such as rheumatoid arthritis. Moreover, growing acceptance of
opioids for pain management related to injury and trauma in chronic and severe
disabling diseases and in cases of postsurgical pain is propelling market
development in North America. Furthermore, North America is followed by
Asia-Pacific and it is anticipated to witness a highest development in the
years to come.
Some of the key players
that fuel the growth of the Opioids Market include Johnson & Johnson
Services, Inc., Purdue Pharma, QRxpharma limited, Pfizer, Inc., Endo
Pharmaceuticals Inc., Mylan N.V., and AbbVie Inc. The leading companies are
taking up partnerships, mergers and acquisitions, and joint ventures in order
to boost the inorganic growth of the industry.
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