The leading analysts and researchers at Reports and Insights compiled and outlined the assessment of the influence of recommendations on market operations and exercises. The research comprises data driven by the market’s historical and present circumstances, as well as other elements impacting the market’s development process. It comprises the leading-age and up-to-date information on the global Opioids Market outlook. The evaluation goes into information about revenue forecasts, volume, demand, growth, share, kinds, applications, and sales, among other things. The research analyzes a range of critical restrictions, comprising manufacturing capacity, item pricing, profit and loss figures, and distribution approaches.
The global Opioids Market in 2022 is estimated for more than US$ 19.5 Bn and expected to reach a value of US$ 26.3 Bn by 2030 with a significant CAGR of 3.9%.
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Opioids Introduction
Pain is the major concern currently that is affecting a large chunk of the global population and eventually leading to adopt various drug therapies that have numerous side effects on the body. Opioids in this are helpful though they have a tendency to trigger addiction of its products that had forced the government to keep an eye on their manufacturing and selling.
In 2013, according to The American Academy of Pain Medicine, around 100 Mn people were suffering from pain, which costs around half Tn USD. In past, there had been visible changes in the policies of various healthcare professionals, regulators and public that has positively affected the provision of better pain therapy offerings in the country. Centers for Disease Control and Prevention (CDC) has taken initiatives and provided the customers with a set of guidelines, which possibly be effective for better use of the opioids in the market over the forecast period.
Opioids Market Dynamics
The rapid need of treatment and attaining instant relief are the two major factors that are expected to favor the growth in the opioids market in the near future. Due to the enormous increase in the number of emergency situations along with chronic diseases there has been increasing demand for more types of opioids that help in pain relief. Along with the increase in healthcare facilities and increase in research and development activity in the field of pain management the awareness of the positive effects of opioids has been increased that is expected to support the rise in traction in opioids market in the near future.
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Opioids Market Segmentation
The global opioids market is segmented on the basis of product type, application type, and region
On the basis of product type, the global opioids market can be segmented into:
Codeine
Meperidine
Methadone
Morphine
Hydrocodone
Fentanyl
On the basis of therapeutic application, the global opioids market can be segmented into:
Pain Management
Neuropathic Pain
Migraine
Back Pain
Osteoarthritis Pain
Cancer Pain
Others
Cough Treatment
Diarrhea Treatment
The global opioids market is expected to increase at a significant CAGR over the forecast period owing to the increasing chronic diseases, geriatric population and increase in trend for immediate relief across the healthcare receivers.
Opioids Market Key Players
Global opioids market is mainly dominated by:
Pfizer Inc.
Purdue Pharma
Boehringer Ingelheim
Janssen Pharmaceuticals, Inc.
Actavis Plc.
Sanofi
Sun Pharmaceutical Industries Ltd.
Mallinckrodt Pharmaceuticals
Endo Pharmaceuticals Inc.
Egalet
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