The opioids global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Opioids Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The opioids market size has grown steadily in recent years. It will grow from $22.77 billion in 2023 to $23.54 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to pain management, surgical procedures, palliative care, regulatory environment.
The opioids market size is expected to see steady growth in the next few years. It will grow to $26.51 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be attributed to non-cancer pain indications, regulatory changes, telemedicine and remote prescribing, chronic pain management. Major trends in the forecast period include opioid-sparing strategies, medication-assisted treatment (mat), risk mitigation, public health initiatives.
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Scope Of Opioids Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Opioids Market Overview
Market Drivers –
Rising surgical procedures are expected to propel the growth of the opioids market going forward. Surgical procedures are defined as medical treatments that involve making an incision with tools, typically done in an operating room and typically requiring anesthetic or breathing support. Opioids are used during surgical procedures for treating pain and as anesthesia adjuncts or primary anesthetic agents. For instance, in August 2023, Organization for Economic Co-operation and Development, a France-based intergovernmental organization, the total number of cataract surgical procedures performed in the Czech Republic increased by 8.4% from 131,612 procedures in 2021 to 142,670 procedures in 2022. Further, the total number of laparoscopic repairs of inguinal hernia surgical procedures performed in Turkey increased by 35.2% from 18,739 in 2021 to 25,348 in 2022. Therefore, the rising number of surgical procedures will drive the opioid market.
Market Trends –
Major companies operating in the opioid market are focused on innovating advanced drug solutions to intensify their position. The discovery of new medications can treat diseases and improve healthcare and scientific knowledge. For instance, in May 2023, Braeburn Pharmaceuticals Inc., a US-based provider of solutions for treating opioid addiction, stated that the US Food and Drug Administration authorized Brixadi (buprenorphine) extended-release injectable for subcutaneous utilize (beneath the skin) for the treatment of direct to extreme opioid utilize clutter (OUD). It is the primary and sole week-after-week and month-to-month subcutaneous infusion for direct to serious OUD and the primary buprenorphine injectable using FluidCrystal Injection Depot Technology. Patients who receive oral buprenorphine-containing medications can be transitioned to equal dosages if the prescription advice is followed.
The opioids market covered in this report is segmented –
1) By Product Type: Methadone; Codeine; Fentanyl; Oxycodone; Morphine; Hydrocodone; Other Product Types
2) By Receptor Binding: Strong Agonist; Mild To Moderate Agonist
3) By Basis Of Indication: Inflammatory Condition; Musculoskeletal Pain; Neuropathic Pain; Cancer Pain
4) By Distribution Channel: Hospital; Retail Pharmacies; Online Pharmacies
5) By Application: Pain Management; Cough Treatment; Diarrhea Treatment
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Regional Insights –
North America was the largest region in the opioids market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in opioids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major players in the opioids market are Pfizer Inc., Johnson & Johnson Inc., AbbVie Inc., Sanofi S.A, AstraZeneca PLC, Viatris Inc., Teva Pharmaceutical Industries Limited, Sandoz Inc., Sun Pharmaceutical Industries Limited, Aurobindo Pharma Limited, Purdue Pharma L.P., Dr. Reddy’s Laboratories Ltd., Hikma Pharmaceuticals PLC, Endo Pharmaceuticals Inc., Amneal Pharmaceuticals Inc., Mallinckrodt Pharmaceuticals PLC, Alkermes PLC, Lannett Co Inc., Par Pharmaceutical Inc., Mayne Pharma Group Ltd., Cephalon LLC, Insys Therapeutics Inc., Janssen Pharmaceuticals Inc., Rhodes Pharmaceuticals L.P, KVK Tech Inc.
Table of Contents
- Executive Summary
- Opioids Market Report Structure
- Opioids Market Trends And Strategies
- Opioids Market – Macro Economic Scenario
- Opioids Market Size And Growth
…..
- Opioids Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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