San Francisco, 24 January, Opioids
Market Size, Share & Trends Analysis Report By Product, By Application
(Pain Relief, Anesthesia, Cough Suppression, Diarrhea Suppression,
Deaddiction), By Region, And Segment Forecasts, 2018 – 2025.
The global opioids market size is estimated to
reach USD 34.96 billion by 2025, according to a new report by Grand View
Research, Inc., exhibiting a CAGR of 4.8% during the forecast period. Growing
geriatric population, coupled with increasing focus on palliative care, is estimated
to boost the market. Moreover, increasing number of acquisitions and
collaborations by market players is expected to drive growth.
Furthermore, rising prevalence
of disease conditions with chronic pain, such as cancer, lower back pain,
arthritis, and fibromyalgia is driving the market. Substantial rise in road
accidents and trauma, coupled with constantly increasing cases of surgical
procedures, is also driving demand for opioid-based pain management solutions.
North America is leading the
opioids market with a share of over 56.0% in 2016. One of the major reasons for
its dominance is rising geriatric population with terminal conditions, such as
rheumatoid arthritis. However, opioid abuse in U.S. has been rising at an
alarming rate. Overdose of opioids has killed over 28,000 people in 2014 alone.
Almost half of those deaths were caused by prescription opioids. Hence, opioid
abuse has been declared a “public health emergency” in U.S., and this is likely
to limit the growth of opioids in North America.
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Report On Opioids Market Analysis:
Further key findings from the report suggest:
·
Extended release opioids were
the largest product segment in 2016 due to its high usage in chronic pain
management
·
Anesthesia is estimated to be
the fastest growing application segment over the forecast period due to factors
such as safety and high drug efficacy
·
Cancer pain was the largest
pain relief segment in 2016 owing to global increase in prevalence of cancer
·
North America was the largest
region in 2016 owing to local presence of key players and increasing adoption
of opioids for pain management
·
Europe was the second-largest
segment in 2016 due to factors such rising geriatric population
·
Asia Pacific is expected to
witness fastest growth over the forecast period due to increase in geriatric
population, coupled with increase in focus on palliative care
·
Some of the key players are
Purdue Pharma L.P; West-Ward Pharmaceuticals Corporation; Allergan; Pfizer,
Inc.; Janssen Pharmaceuticals, Inc.; Egalet Corporation; and Sun Pharmaceutical
Industries Limited
·
Most key players are focusing
on entering untapped regions and expanding their product portfolios.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the global
opioids market on the basis of product, application, and region:
Opioids Product Outlook
(Revenue, USD Billion, 2014 - 2025)
·
Immediate-Release/Short-Acting
Opioid
o
Codeine
o
Oxycodone
o
Hydrocodone
o
Fentanyl
o
Morphine
o
Hydroxymorphone
o
Oxymorphone
o
Propoxyphene
o
Other IR
·
Extended-Release/Long-Acting
Opioid
o
Oxycodone
o
Hydrocodone
o
Methadone
o
Fentanyl
o
Morphine
o
Oxymorphone
o
Tapentadol
o
Buprenorphine
o
Hydromorphone
o
Other ER
Opioids Application Outlook
(Revenue, USD Billion, 2014 - 2025)
·
Pain Relief
o
Cancer pain
o
Postoperative pain management
o
Low-back pain
o
Orthopedic
o
Neuropathic pain
o
Fibromyalgia
·
Anesthesia
·
Cough Suppression
·
Diarrhea Suppression
·
Deaddiction
Opioids Regional Outlook
(Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
Access Full Press
Release of this Report:
www.grandviewresearch.com/press-release/global-opioids-market
www.grandviewresearch.com/press-release/global-opioids-market
About Grand View
Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com/
