Opioids Market Size Worth USD 29,535 Million | 7.12% CAGR By 2023

Opioids Market Key Players

Sanofi SA (France), Boehringer Ingelheim GmbH (Germany), Pfizer Inc. (US), Teva Pharmaceutical Industries Ltd (Israel), Sun Pharmaceutical Industries Ltd (India), West-Ward Pharmaceuticals Corporation (Jordan), Janssen Global Services, LLC (US), Purdue Pharma L.P. (US), Allergan Inc. (US), Egalet Corporation (US), Mallinckrodt (Surrey), and Vertice Pharma LLC (UK) among others are some well-established global opioids market that are listed by MRFR. The analysis of the opioids market has been done on different levels that include; market share analysis, industry analysis, leading market players along with their profiles. The report reveals clear detail of the market in segments to deliver vast information effectively. Contribution of these robust players are mentioned clearly in the report.

Opioids Market Segment analysis

The segment study for the global opioids market is done by product, end-users, and applications. The product-based segments of the opioids market are immediate-release/short-acting opioids and extended-release/long-acting opioids. The sub-segments of the extended-release opioid segment are morphine, oxycodone, oxymorphone, and hydromorphone among others. The extended-release opioid segment can value above USD 12,750.91 Mn . The sub-segments of the immediate-release opioid segment are hydrocodone, codeine, morphine, and fentanyl among others. The application-based segments of the opioids market are anesthesia, pain relief, diarrhoea suppression, cough suppression, and de-addiction. The end-user-based segments of the global opioids market are pharmacies, academic research institutes, and hospitals & clinics. The end-user segments can largely benefit the opioids market.

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Opioids Market Highlights

Market Research Future (MRFR) studied the global opioids market across the review period from 2017 to 2023. MRFR study reveals that the opioids market can rise at 7.12% CAGR across the forecast period. The opioids market value can touch about USD 29,535 Mn by in 2023. COVID 19 assessment for the opioids market is offered with the report. The increase in need for narcotic pain medication as number of surgeries increase can favor the opioids market in the near future.

The rise in number of people suffering from chronic pain daily can promote expansion of the market. The increase in use of opioids for disorders that cause chronic pains, such as; arthritis, cancers, fibromyalgia, lower back pain, and favorable reimbursement policies can also boost the market. However, increase in cases of overdose of opioid can restrain the market rise in the forecast period.

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Opioids Market Regional Analysis

The opioids market in Americas can secure the largest share of the worldwide global opioids market in the study period. The increase in the application of intravenous usage of opioids due to its fast action can promote the regional market rise in the near future. The growing awareness of IV application of opioids and its medical uses can drive the regional market in the near future. The market in Americas can accounted for the major share of the worldwide opioids market owing due rise in intravenous drug application. In Europe, the opioids market can thrive owing to the rise in demand for palliative care facilities.

The introduction of reformed regulations for prescribing opioids can promote the market in the region. In Asia Pacific, the market is likely to be fast growing through the review period. Populace demographics and rise in availability of effective opioid medicines can favor the Asia Pacific opioids market in the analysis period. In South Korea, the market can secure about 6% of the APAC opioids market by 2023. In the Middle East and Africa region, a steady rise for the market is likely due to increase in count of opioid manufacturers in the region.

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