“Global Opioids Market Research Report 2019-2023”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The global opioids market is expected to register a CAGR of nearly 5.0 % during the forecast period, 2018-2023. Opioid drugs obtained from the opium poppy plant are broadly classified into legally manufactured medications and illicit narcotics.
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Top Leading Companies in Global Opioids Market are: ALLERGAN, EGALET CORPORATION, ENDO PHARMACEUTICALS INC, JANSSEN PHARMACEUTICALS INC.,MALLINCKRODT, PFIZER INC., PURDUE PHARMA L.P., VERTICE PHARMA LLC, SUN PHARMACEUTICAL INDUSTRIES LTD, and TEVA PHARMACEUTICAL INDUSTRIES LTD. among others
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Increasing cold storage applications are likely to act as a market opportunity for market growth in the future.
In 2019, the building wall application dominated the market with a share of around 60%.
Increasing Prevalence of Orthopedic Diseases to Boost the Opioids Market :-
The rising prevalence of orthopedic disorders, such as arthritis, elbow pain, fibromyalgia, and osteoporosis, coupled with the associated chronic pain, are the primary factors responsible for the growth of the opioids market. Opioids play a vital role in the acute post-operative settings, to provide adequate analgesia. As per the Center for Disease Control and Prevention, over 30 million patients are affected by osteoarthritis each year, in the United States.
Prescription Drug Abuse Hinders the Opioids Market :-
The increased prescription of opioid medications has led to the widespread misuse of both prescription and non-prescription opioids, which leads to its highly addictive nature. According to the US Department of Health and Human Services, in 2016, more than 11 million people misused the prescription opioids, including nearly two million who misused the prescription drug for the first time.
The United States is Poised to Dominate the Opioids Market :-
Due to rising adoption of opioids and growing geriatric population, particularly in the United States, North America is expected to dominate the market studied. The country is affected by the over-consumption of prescription and over-the-counter opioids. A large section of the US population indicates an increased dependence over oxycodone, hydrocodone, and morphine, which are being commonly prescribed to treat pain.
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Key Market Trend
June 2018 – Nektar Therapeutics submitted a new drug application (NDA) for NKTR-181, for the treatment of chronic low back pain.
Opioid drugs obtained from the opium poppy plant are broadly classified into legally manufactured medications and illicit narcotics. The opioids market is primarily driven by rising palliative care facilities, and increasing prevalence of pain management. By region, owing to the rising adoption of opioids, growing geriatric patient population, and increasing demand for superior healthcare facilities in the United States and Canada, North America is expected to retain its dominance, over the forecast period.
The report has 200 tables and figures browse the report description and TOC:
Essential points covered in Global Opioids Market 2019 Research are:-
- What will the Opioids Market size and the growth rate be in 2024?
- What are the key factors driving the Global Opioids Market?
- What are the key market trends impacting the growth of the Global Opioids Market?
- What are the challenges to Opioids Market growth?
- Who are the key vendors in the Global Opioids Market?
- What are the market opportunities and threats faced by the vendors in the Global Opioids Market?
- What are the key outcomes of the five forces analysis of the Global Opioids Market?
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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